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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. One example of this is in insurance.

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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 Updates Its Cybersecurity Regulation to Protect Against Growing Cyber Threats

Hunton Privacy

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Regulated entities generally have until April 29, 2024 to comply with the amended Regulation.

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The Week in Cyber Security and Data Privacy: 12 – 18 February 2024

IT Governance

It is not known how long the database was publicly available, nor whether anyone else accessed it. In January 2024, it identified more potential victims, and has now written to inform them that their personal data may have been compromised in the incident. Date breached: 384,658,212 records. ALPHV/BlackCat ransomware gang adds 2.7

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Getting ready for artificial general intelligence with examples

IBM Big Data Hub

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. 46% of survey respondents in 2024 showed a preference for open source models. Financial services AGI might revolutionize financial analysis by going beyond traditional methods.

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ABBYY Partners with Alteryx Extending the Alteryx Analytic Process Automation Platform with Deeper Process Intelligence

Info Source

“There are many highly variable processes that are dependent on how quickly stakeholders can access data-driven insights to make informed decisions,” commented Doug Henschen, VP and Principal Analyst at Constellation Research. “We billion by 2024, and recognized ABBYY as a Leader in the category.

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The Week in Cyber Security and Data Privacy: 8 – 14 January 2024

IT Governance

GB Rebekah Children’s Services Source (New) Non-profit USA Yes 2,805 Butte School District Source 1 ; source 2 (Update) Education USA Yes 2,658 Dignity Health Nevada St. Source (New) Real estate USA Yes 10 GB Unitex Source (New) Manufacturing USA Yes 9.5