Data Protection Report

NOVEMBER 8, 2023

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.

Financial Services 109

Financial Services Cybersecurity Compliance Government 109

The Last Watchdog

FEBRUARY 11, 2024

Every industry is dealing with a myriad of cyber threats in 2024. Regulatory overload Firms in the financial services industry are staring down the bottom of the regulatory barrel coming into 2024. It’s a tale as old as the first computer.

Risk 200

Risk IT Financial Services Cybersecurity 200

Info Source

FEBRUARY 12, 2024

Chris de Beer | Regional Manager at Infosource The African printing market showed signs of recovery from the pandemic in 2022 and 2023, but many of the after-effects linger as we move into 2024. Colour printing will continue to grow in 2024. Colour printing will continue to grow in 2024.

Financial Services 40

Financial Services Marketing Digital transformation Sales 40

Reltio

FEBRUARY 22, 2024

We unveiled the velocity packs in February, featuring pre-built connectors and smooth integrations to speed deployment for clients in sectors like healthcare, financial services, and insurance. As measured by revenue, as of 2024. Reltio now proudly serves all of the Top 10 Pharmaceutical companies in the world.¹

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

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

Security Affairs

APRIL 3, 2024

Resecurity researchers warn that a new Version of JsOutProx is targeting financial institutions in APAC and MENA via Gitlab abuse. Resecurity has detected a new version of JSOutProx , which is targeting financial services and organizations in the APAC and MENA regions.

Financial Services 109

Financial Services Phishing IT Information Security 109

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.

Data Privacy 61

Data Privacy Blockchain Compliance Privacy 61

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. ICBC or the Bank), resolving a matter in which ICBC’s New York branch disclosed confidential supervisory information (CSI) without authorization.

Financial Services 97

Financial Services Privacy IT 97

Security Affairs

FEBRUARY 19, 2024

Return here for more information at: 11:30 GMT on Tuesday 20th Feb” The Operation Cronos operation is still ongoing and NCA’s announced that more information will be published tomorrow, February 20, 2024. “The site is now under the control of law enforcement.

Energy and Utilities 116

Energy and Utilities Ransomware Agriculture Financial Services 116

Security Affairs

JANUARY 23, 2024

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.

Data breaches 116

Data breaches Financial Services Cybersecurity Ransomware 116

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

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 81

Cloud Financial Services Risk Business Services 81

Data Protection Report

APRIL 23, 2024

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

Financial Services 44

Financial Services IT Marketing Retail 44

The Last Watchdog

FEBRUARY 15, 2024

15, 2024 – Harter Secrest & Emery LLP , a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach ® , a designation only extended to law firms that demonstrate competency and sophistication in data breach response. Rochester, N.Y.

Data breaches 100

Data breaches Financial Services Big data Retail 100

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”). This post will focus on the cybersecurity regulation issues. (For

Cybersecurity 109

Cybersecurity Financial Services Compliance Encryption 109

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 77

Compliance Financial Services Data breaches Encryption 77

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 73

Cloud Financial Services Access IT 73

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 101

Financial Services Cloud Metadata Digital transformation 101

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 70

Cloud Financial Services Compliance Digital transformation 70

Hunton Privacy

JUNE 9, 2022

Licensees are wholly exempt from the law if they are compliant with the New York Department of Financial Services Cybersecurity Requirements for Financial Services Companies (23 NYCRR §§ 500.0 to 500.23) and they submit a written statement to the Commissioner certifying such compliance.

Insurance 107

Insurance Security Information Security Cybersecurity 107

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

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. Most changes will take effect in 180 days (500.22(c)), d) and 500.22(e)), a)(2) [automated scans], 500.7, [risk assessment] 500.14(a)(2)

Cybersecurity 104

Cybersecurity Compliance Financial Services Government 104

Security Affairs

FEBRUARY 20, 2024

pic.twitter.com/SvpbeslrCd — vx-underground (@vxunderground) February 19, 2024 The operation led to the arrest of two members of the ransomware gang in Poland and Ukraine and the seizure of hundreds of crypto wallets used by the group. Lockbit ransomware group administrative staff has confirmed with us their websites have been seized.

Energy and Utilities 112

Energy and Utilities Ransomware Manufacturing Agriculture 112

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

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 76

Insurance Artificial Intelligence Risk Compliance 76

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 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

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

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

eSecurity Planet

APRIL 22, 2024

April 13, 2024 Delinea Secret Server Patched After Researcher’s Public Disclosure Type of vulnerability: Authentication bypass. April 16, 2024 Leaky Command Line Interface in AWS and Google Cloud is Intentional Type of vulnerability: Unauthorized information disclosure. They also published methods to check for indicators of compromise.

Authentication 62

Authentication MDM Cloud Cybersecurity 62

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

Info Source

OCTOBER 6, 2020

We see examples in financial services, insurance, transportation and logistics, healthcare and other industries where gaps in insight can have a huge impact on the customer experience. billion by 2024, and recognized ABBYY as a Leader in the category.

Analytics 40

Analytics Digital transformation Mining Data science 40

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 65

Cloud Financial Services Privacy Compliance 65

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