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Top financial services trends of 2024

IBM Big Data Hub

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape.

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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. Additional changes to required policies and procedures will not begin to take effect until April 2024 and rolling thereafter.

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2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business

Thales Cloud Protection & Licensing

2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business madhav Thu, 12/21/2023 - 05:15 People always want to comprehend what the future brings. 2024 promises to be a pivotal year, bringing transformative advancements and new challenges in tech and cybersecurity. The same is true for today’s business leaders.

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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

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FBI obtained 7,000 LockBit decryption keys, victims should contact the feds to get support

Security Affairs

” said Bryan Vorndran, the Assistant Director at the FBI Cyber Division, during the 2024 Boston Conference on Cyber Security. This call to action comes after law enforcement took down LockBit’s infrastructure in February 2024 in an international operation dubbed “ Operation Cronos.” continues the NCA.

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LoanDepot data breach impacted roughly 16.6 individuals

Security Affairs

Financial services company LoanDepot disclosed a data breach that impacted roughly 16.6 LoanDepot is a financial services company that primarily operates as a mortgage lender. The company provides a range of mortgage and non-mortgage loan products and services. million individuals. million individuals. .”