Thales Cloud Protection & Licensing

DECEMBER 20, 2023

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.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Compliance madhav Tue, 09/19/2023 - 05:17 It is essential for any business that stores, processes, and transmits payment card information to comply with the Payment Card Industry Data Security Standard (PCI DSS). According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Hunton Privacy

FEBRUARY 7, 2023

On January 26, 2023, the Centre for Information Policy Leadership (“CIPL”) at Hunton Andrews Kurth responded to a call for input from the UK’s Digital Regulation Cooperation Forum (DRCF) on its workplan for 2023 – 2024. The ICO, for example, has already developed an accountability framework. You can read CIPL’s full submission here.

Data Privacy 61

Data Privacy Blockchain Compliance Privacy 61

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

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.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

OpenText Information Management

JUNE 5, 2024

The 2024 Payments Canada Summit recently concluded, bringing together industry leaders, innovators, and key stakeholders to discuss the most recent trends and insights in payments. Regulatory compliance The Summit emphasized the importance of staying compliant with evolving regulations to avoid penalties and maintain client trust.

Artificial Intelligence 57

Artificial Intelligence Customer Experience Financial Services Compliance 57

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. Regulated entities generally have until April 29, 2024 to comply with the amended Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Data Protection Report

JANUARY 18, 2024

2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”). In fact, the Second Exam identified further compliance failures with respect to the Virtual Currency Regulation and the Cybersecurity Regulation.” This post will focus on the cybersecurity regulation issues. (For

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Cybersecurity Financial Services Compliance Encryption 111

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.

Cloud 73

Cloud Financial Services Risk Business Services 73

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

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. With these guardrails, we are working to help enterprises seamlessly manage security and compliance capabilities as they scale their AI workloads.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

Hunton Privacy

JUNE 9, 2022

Licensees must annually certify their compliance with these information security program requirements in writing to the Vermont Deputy Commissioner of Insurance (the “Commissioner”) by April 15 and maintain records supporting the certification for five years. Cybersecurity Event Investigation and Notification Requirements.

Insurance 107

Insurance Security Information Security Cybersecurity 107

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. c)), or Monday, April 29, 2024. There are several other compliance dates that include different transition periods (500.22(d) d) and 500.22(e)),

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Cybersecurity Compliance Financial Services Government 105

Data Protection Report

MAY 24, 2024

Background – white paper response on the UK’s approach to AI regulation In February 2024, the UK Department for Science, Innovation, and Technology (DSIT) set out the government’s proposed approach to AI regulation. DSIT published the responses to these letters on 1 May 2024. See our update on the FCA’s plans for further detail.

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Government Risk Marketing Paper 45

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 49

Digital transformation Financial Services Cloud Customer Experience 49

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 91

Financial Services Cloud Metadata Digital transformation 91

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

Data Matters

SEPTEMBER 6, 2022

For businesses operating in California or whose websites, products or services reach California residents, these changes mean new compliance obligations, some of which could require significant investments of time and resources. Short-Term CCPA Compliance Tune Up.

Privacy 197

Privacy B2B Sales Compliance 197

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. Don’t delay – begin to get ready for PQC today.

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

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

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 58

Cloud Financial Services Privacy Compliance 58

Thales Cloud Protection & Licensing

JANUARY 22, 2024

Digital Onboarding: Convenience Meets Security in Banking madhav Tue, 01/23/2024 - 06:34 What onboarding in consumer banking was five years ago, where it stands today, and where it's heading is a business-critical change worth both understanding and optimizing. Passkeys, replacing passwords, emerge as the superior authentication choice.

Security 77

Security Authentication Passwords Risk 77

Thales Cloud Protection & Licensing

APRIL 15, 2024

In High Demand - How Thales and DigiCert Protect Against Software Supply Chain Attacks madhav Tue, 04/16/2024 - 05:25 Software supply chain attacks have been rapidly increasing in the past few years. Also called backdoor attacks, they cleverly exploit third-party software vulnerabilities to access an organization’s systems and data.

Risk 62

Risk Financial Services Retail Cloud 62

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

Collibra

JANUARY 18, 2022

The financial services industry has had a longstanding tradition of being at the forefront of adopting new technologies. A common foundation for data will enable them to mitigate operational risks, ensure compliance with regulatory stipulations while democratizing the use of trustworthy data to speed innovation.

Financial Services 52

Financial Services Cloud Artificial Intelligence Government 52

Thales Cloud Protection & Licensing

MARCH 14, 2024

Keeping Customer Data Safe: AI's Privacy Paradox andrew.gertz@t… Thu, 03/14/2024 - 17:38 AI's appeal lies in its ability to personalize and streamline customer experiences in ways previously unimaginable. This finding is backed up by the Thales 2024 Consumer Digital Trust Index, “Building Digital Experiences that Enhance Consumer Trust.”

Privacy 71

Privacy Data Privacy Analytics Risk 71

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. Discover and classify your sensitive data wherever it resides.

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Cloud Government Encryption Security 77