IBM Big Data Hub

AUGUST 1, 2023

Here are five things you need to know about how IBM Cloud is helping clients make the right workload-placement decisions based on resiliency, performance, security, compliance and total cost of ownership. Addressing risks, evolving compliance standards and new regulatory dynamics in highly regulated industries Recently, the U.S.

Financial Services 68

Financial Services Computer and Electronics Cloud Digital transformation 68

eSecurity Planet

FEBRUARY 16, 2021

Also Read: Best Encryption Tools & Software for 2021. This includes active tagging of workloads, threat hunting , and virus assessments, and consistent evaluation of traffic for mission-critical applications, data, or services. CASBs provide added visibility, compliance, data security, and threat protection in securing your data.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Compliance management.

Compliance 67

Compliance Risk Government Retail 67

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The Data Protection Commission (DPC) has published its 2021 Annual Report , highlighting key observations, emerging guidance, and large-scale inquiries and decisions of 2021. The DPC received a total of 6,549 valid notifications of personal data breaches in 2021. Complaints Handling.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

Hunton Privacy

SEPTEMBER 1, 2021

On August 30, 2021, the U.S. 34-92806 ; and In the Matter of KMS Financial Services, Inc. , Release No. 34-92807 , August 30, 2021. According to the SEC order against KMS Financial Services Inc., The cases are In the Matter of Cetera Advisor Networks LLC , Release No.

Cybersecurity 113

Cybersecurity Financial Services Cloud Access 113

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity. 20, 2017).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? Regulatory compliance The financial space is highly regulated.

Financial Services 100

Financial Services Cloud Metadata Digital transformation 100

DLA Piper Privacy Matters

APRIL 20, 2021

were published by the PBOC (the PRC banking regulator) and came into force on 8 April 2021. This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. are fulfilled.

Compliance 111

Compliance Security Financial Services Data collection 111

IBM Big Data Hub

JULY 12, 2023

For years, the bank has been part of IBM’s growing ecosystem of financial institutions and technology partners leveraging IBM Cloud for Financial Services to help deliver more improved customer services and products better tailored to each individual customer’s financial needs.

Digital transformation 52

Digital transformation Financial Services Cloud Customer Experience 52

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

Tue, 11/23/2021 - 06:13. Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. The full digitization of contracts, subscriptions and consumption of services.

Digital transformation 71

Digital transformation Financial Services Customer Experience Risk 71

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. Finally, the regulation includes an annual certification of compliance, to be filed with NYDFS. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 The regulation includes an annual certification of compliance, to be filed with NYDFS. The regulation includes an annual certification of compliance, to be filed with NYDFS. NYDFS Cybersecurity Regulation.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

IBM Big Data Hub

JUNE 7, 2022

In October 2021, the White House Office of Science and Technology Policy announced, “ Americans Need a Bill of Rights for an AI-Powered World.” As an example, a large financial services firm could easily deploy hundreds or thousands of AI models to assist decision makers in various tasks. In the U.S.,

Government 52

Government Financial Services Compliance Cloud 52

Data Protection Report

NOVEMBER 16, 2022

The big takeaway here is that even businesses that are not primarily engaged in financial services may still find themselves covered by GLBA and shielded from BIPA because “significantly [engaged] means something less than primary.” 2021 IL App (1st) 200563, addressed the question of statute of limitations for BIPA claims.

Financial Services 98

Financial Services Privacy Compliance Insurance 98

Thales Cloud Protection & Licensing

APRIL 1, 2021

Thu, 04/01/2021 - 14:04. Today’s remote working environment relies heavily on the collaborative sharing of information, challenging organizations to maintain the security of confidential data and regulatory compliance while driving employee productivity.

Encryption 79

Encryption Compliance Cloud GDPR 79

Data Protection Report

SEPTEMBER 28, 2021

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. The deadline for responding to the consultation is 19 November 2021. Compliance program. Organisations will need to factor this in as part of their compliance program. Complaints and DSARs.

Government 120

Government FOIA GDPR Compliance 120

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality. Their forecast suggests that by 2025, 30% of enterprises will have adopted broad-spectrum data security platforms, a significant increase from less than 10% in 2021.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

IT Governance

NOVEMBER 23, 2023

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.

Risk 104

Risk Data breaches Authentication Financial Services 104

Data Matters

MAY 27, 2021

On May 18, 2021, the UK Financial Conduct Authority (FCA) published a “Dear CEO” letter (the Letter) asking e-money institutions to ensure that their customers understand how their money is protected. The FCA has noted that its rules under BCOBS 2.3 lack of FSCS protection).

Marketing 68

Marketing Communications Compliance Financial Services 68

DLA Piper Privacy Matters

MARCH 30, 2023

Of note is the DPC’s ongoing inquiry into the Department of Social Protection which commenced in 2021. Following on from its publication of ‘Fundamentals’ guidance on children’s data protection rights in 2021 the DPC issued three short guides for children aged 13 and over on their data protection rights in 2022.

Personal data 52

Personal data GDPR Compliance Financial Services 52

eSecurity Planet

APRIL 8, 2021

Each solution places a heavy emphasis on auditing and reporting, which is valuable for organizations that are subject to strict compliance regulations. There are also many specific use cases for education, healthcare, manufacturing, government and financial services. Recommended: Best SIEM Tools & Software for 2021.

Cloud 52

Cloud Financial Services Compliance Manufacturing 52

IBM Big Data Hub

SEPTEMBER 27, 2022

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. Add navigating complex compliance regulations and standards to the mix, and the need for a solid and trustworthy AI strategy becomes clear.

Government 52

Government Compliance Data science Financial Services 52

Thales Cloud Protection & Licensing

FEBRUARY 27, 2023

Even in regions like Europe a lot of Citizens do not have a bank account: Source: World Bank Findex 2021 report Global CBDC initiatives Central banks are responsible for promoting monetary and financial stability in the best interests of the public. This could ultimately benefit banks by reducing the risk of financial instability.

Financial Services 71

Financial Services Access Risk Security 71

DLA Piper Privacy Matters

AUGUST 23, 2021

In good news for organisations handling personal information, China’s Personal Information Protection Law (“ PIPL ”) was finalised on 20 August 2021, and will come into force on 1 November 2021. To be clear, this is not China’s own GDPR.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

Reltio

DECEMBER 10, 2021

The recent report, The Forrester Wave™: Master Data Management , Q4 2021 notes that “Master data management helps accelerate digital transformation initiative.” The Forrester Wave™ for Master Data Management Q4 2021 report calls out that: “ Reltio is a one-stop shop for MDM deployment with advanced capabilities. Data validation.

MDM 98

MDM Analytics Digital transformation Cloud 98

KnowBe4

FEBRUARY 14, 2023

Blog post with links: [link] [NEW WHITE PAPER] 10 Tips to Run a Successful Compliance Training Program Has compliance training been a continuous challenge to get right? Many organizations have struggled with implementing compliance training that is effective, easy to deliver and something that their users get excited about.

Phishing 81

Phishing Security awareness Compliance Risk 81

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). Next steps. 1 See further our Update of May 4, 2020.

Authentication 68

Authentication Paper Risk Insurance 68

eSecurity Planet

AUGUST 13, 2021

This article looks at the top digital forensic software tools of 2021 and what customers should consider when buying or acquiring a DSF tool. Best Digital Forensics Software Tools of 2021. In 2021, the India-based provider works in over 70 countries with more than 400 clients, including the NIST, NASA, and Wells Fargo.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

HL Chronicle of Data Protection

MAY 13, 2019

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

IBM Big Data Hub

FEBRUARY 5, 2024

The rise of check fraud According to the Financial Crimes Enforcement Network (FinCEN), reports of check fraud have more than doubled over the last three years. FinCEN reported 680,000 cases of possible check fraud in 2022, up from 350,000 in 2021 , indicating a 23% increase over 2020.

Financial Services 95

Financial Services Cloud Risk Compliance 95

IBM Big Data Hub

OCTOBER 23, 2023

There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency. Compliance: Keeping the regulators at bay Noncompliance is a nonstarter in regulated industries. But what does such a strategy entail? 2] Failure to act isn’t an option.

Cloud 91

Cloud Risk Compliance Data breaches 91

erwin

MARCH 18, 2021

The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financial services — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin.

Metadata 82

Metadata Compliance Government Financial Services 82

DLA Piper Privacy Matters

MARCH 4, 2021

While a total of 11 decisions were issued this year, we anticipate that the DPC will keep up the momentum and issue decisions in several high-profile cross-border statutory inquiries as well as further domestic inquiries during 2021. Financial Services Sector Focus. DPC Strategy for 2021. 2020 saw an increase of €1.6

GDPR 105

GDPR Compliance Data breaches Marketing 105

eSecurity Planet

SEPTEMBER 16, 2022

billion in reported fraud in 2021 alone. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. Finally, it also is useful for companies looking for a governance, risk, compliance ( GRC ) solution. of attacks IBM handled, respectively.

Analytics 113

Analytics Risk Authentication Financial Services 113

erwin

MARCH 18, 2021

The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financial services — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin.

Metadata 64

Metadata Compliance Government Financial Services 64

Info Source

SEPTEMBER 15, 2023

KEY TAKEAWAYS Globally end customer organisations invested over 6 Billion US$ into Capture and IDP solutions in 2021. Our market assessment includes Capture & IDP solutions ranging from point solutions for document digitisation, to capturing inputs for compliance, to the end-to-end automation of business processes.

Information capture 52

Information capture Marketing Records Management Customer Experience 52