Data Matters

JANUARY 24, 2024

On January 17, 2024, the New York Department of Financial Services (NYDFS) entered into a consent order with Industrial and Commercial Bank of China Ltd. The post Federal and State Regulators Fine Foreign Bank for Unauthorized Disclosure of Confidential Supervisory Information appeared first on Data Matters Privacy Blog.

Financial Services 97

Financial Services Privacy IT 97

Hunton Privacy

NOVEMBER 8, 2023

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. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Read to learn more about cloud adoption within financial services?

Cloud 76

Cloud Financial Services Risk Business Services 76

IT Governance

FEBRUARY 21, 2024

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. Key dates 31 March 2024 – PCI DSS v4.0 Subscribe now The post The Week in Cyber Security and Data Privacy: 12 – 18 February 2024 appeared first on IT Governance UK Blog.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

Thales Cloud Protection & Licensing

APRIL 29, 2024

The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders madhav Tue, 04/30/2024 - 05:32 Trust is the currency of the digital economy. The Thales 2024 Trust Index report indicates that 87% of consumers expect vendors to respect their digital rights, which leads to trusted relationships.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71

IBM Big Data Hub

DECEMBER 8, 2023

This industry-standard “stacked” credential currently offers 8 new combinations of credentials, pairing IBM Cloud Professional Architect, IBM Cloud Professional Developer and Professional Site Reliability Engineer with specialties such as DevSecOps, Financial Services, SAP, Satellite or VMware.

Cloud 69

Cloud Financial Services Access IT 69

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. was released on March 31, 2022, and before we know it, businesses will face the compliance deadline of March 31, 2024.

Compliance 78

Compliance Financial Services Data breaches Encryption 78

IBM Big Data Hub

DECEMBER 18, 2023

As we look ahead to 2024, enterprises around the world are undoubtedly evaluating their progress and creating a growth plan for the year to come. In fact, we are honored to be recognized by Gartner® in their 2023 Gartner® Magic Quadrant™ for Strategic Cloud Platform Services (SCPS).¹

Cloud 66

Cloud Financial Services Compliance Digital transformation 66

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? Don’t wait.

Financial Services 95

Financial Services Cloud Metadata Digital transformation 95

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The rules contain the provisions we had described in the original NYDFS proposal a year ago (see our blog post here ), but include some changes. d) and 500.22(e)),

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

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 50

Digital transformation Financial Services Cloud Customer Experience 50

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

Why organizations need to prioritize a PQC-readiness lab madhav Tue, 02/13/2024 - 05:25 It’s an exciting time for technology – we are on the cusp of seeing some innovative and disruptive new technologies emerge that will have impacts on every industry and sector around the globe.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 104

Risk Data breaches Authentication Financial Services 104

Thales Cloud Protection & Licensing

JANUARY 10, 2024

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). This follows the invalidation of the EU-US Privacy Shield, by the Court of Justice of the European Union on 16 July 2020.

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

IBM Big Data Hub

APRIL 18, 2024

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.

Artificial Intelligence 93

Artificial Intelligence Marketing e-Delivery Manufacturing 93

Data Matters

SEPTEMBER 6, 2022

The California legislature passed the California Age-Appropriate Design Code Act (AADCA) which, if signed into law (as many expect will be the case), will impose a variety of obligations and restrictions on businesses that develop and provide online services, products or features that minors under 17 are “likely to access.”

Privacy 197

Privacy B2B Sales Compliance 197

IT Governance

MARCH 11, 2024

Other news ISO/IEC 27006:2024 published ISO (the International Organization for Standardization) and the IEC (International electrotechnical Commission) have published a new standard in the ISO 27000 information security series. Key dates 31 March 2024 – PCI DSS v4.0 Key dates 31 March 2024 – PCI DSS v4.0 of the Standard.

Data Privacy 87

Data Privacy Privacy Security Data breaches 87

IT Governance

JANUARY 16, 2024

Key dates 7 January 2024 – EU Cybersecurity Regulation enters into force The EU’s Cybersecurity Regulation , which sets out measures for a high common level of cyber security at EU institutions, bodies, offices and agencies, entered into force on 7 January. In the meantime, if you missed it, check out last week’s round-up.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IT Governance

JANUARY 23, 2024

Subscribe now The post The Week in Cyber Security and Data Privacy: 15 – 21 January 2024 appeared first on IT Governance UK Blog.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IBM Big Data Hub

APRIL 11, 2024

A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. Customers are concerned about how AI systems might utilize or handle their personal and financial information improperly.

Cloud 61

Cloud Financial Services Privacy Compliance 61

Hunton Privacy

FEBRUARY 28, 2024

As reported on the Hunton Employment & Labor Perspectives blog , on February 15, 2024, California lawmakers introduced the bill AB 2930. AB 2930 seeks to regulate use of artificial intelligence (“AI”) in various industries to combat “algorithmic discrimination.”

Artificial Intelligence 58

Artificial Intelligence Government Risk Financial Services 58

IT Governance

APRIL 29, 2024

30 April 2024 – ISO/IEC 27001:2013 certification unavailable Certification bodies must stop offering (re)certification to ISO 27001:2013 by 30 April. 30 April 2024 – ISO/IEC 27001:2013 certification unavailable Certification bodies must stop offering (re)certification to ISO 27001:2013 by 30 April.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

Data Matters

DECEMBER 28, 2020

The IAIS intends to determine by the end of 2024 whether the AM will be considered “outcome equivalent” to the ICS. The post Regulatory Update: NAIC Fall 2020 National Meeting appeared first on Data Matters Privacy Blog. The AM will be similar to the GCC and calculated in a similar but “jurisdictionally agnostic” manner.

Insurance 68

Insurance Paper Risk Analytics 68

Thales Cloud Protection & Licensing

FEBRUARY 28, 2024

How better key management can close cloud security gaps troubling US government madhav Thu, 02/29/2024 - 05:38 In my first blog on this topic I noted a Treasury Department report released last year listed six cloud security challenges financial sector firms face. This hack included US Government networks.

Cloud 78

Cloud Government Encryption Security 78

IBM Big Data Hub

MAY 13, 2024

A 2024 Gallup poll found that nearly 25% of workers worry that their jobs can become obsolete because of AI, up from 15% in 2021. Financial services Employees in finance increasingly have enhanced tools to help them make better investments on behalf of their clients. Employees need to change to meet those needs.

Digital transformation 86

Digital transformation Education Financial Services Artificial Intelligence 86