IBM Big Data Hub

SEPTEMBER 20, 2023

When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services. AI’s value is not limited to advances in industry and consumer products alone.

Government 105

Government Artificial Intelligence Privacy Digital transformation 105

IBM Big Data Hub

OCTOBER 4, 2022

This is due to: An inability to access the right data. Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are demanding it. The solution: AI Governance. The three foundational capabilities of the IBM AI Governance solution. Lack of confidence to operationalize AI.

Government 100

Government Artificial Intelligence Metadata Data science 100

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Security Affairs

SEPTEMBER 1, 2020

Iran-linked APT group Pioneer Kitten is now trying to monetize its efforts by selling access to some of the networks it has hacked to other hackers. Iran-linked APT group Pioneer Kitten, also known as Fox Kitten or Parisite, is now trying to monetize its efforts by selling access to some of the networks it has hacked to other hackers.

Access 83

Access Financial Services Retail Insurance 83

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 84

Cloud Financial Services Security Compliance 84

Security Affairs

DECEMBER 4, 2023

According to the report released by Resecurity, a Los Angeles-based company protecting Fortune 500 and governments worldwide, the attack against ICBC may be a precursor for significant malicious cyber activity against global financial system. LockBit specifically targeted ICBC Financial Services (ICBC FS), a wholly owned U.S.

Ransomware 97

Ransomware Financial Services Marketing Government 97

IBM Big Data Hub

AUGUST 17, 2023

Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. Unlike cryptocurrencies like Bitcoin or Ethereum, CBDC is backed by the government and is legal tender.

Blockchain 73

Blockchain Financial Services Risk Authentication 73

Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. Enable Controlled Folder Access. This is an important public action by the U.S.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

IBM Big Data Hub

SEPTEMBER 27, 2022

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. AI governance: From principles to actions. Sometimes an organization’s need is more tied to organizational AI governance.

Government 52

Government Compliance Data science Financial Services 52

Security Affairs

MARCH 14, 2024

“The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. Nissan is working with its global incident response team and relevant stakeholders to investigate the extent of the incident and whether any personal information has been accessed.”

Data breaches 86

Data breaches Financial Services Ransomware Government 86

IBM Big Data Hub

NOVEMBER 14, 2023

With flexible consumption-based pricing, it provides on-demand access to z/OS systems, dramatically improving developer productivity by accelerating release cycles on secure, regulated hybrid cloud environments like IBM Cloud Framework for Financial Services (FS Cloud). The IBM Cloud Framework for Financial Services a.k.a

Financial Services 99

Financial Services Cloud Compliance Digital transformation 99

Collibra

APRIL 11, 2022

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. What are data governance best practices?

Government 52

Government Communications Insurance Customer Experience 52

Collibra

MARCH 11, 2021

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.

Government 59

Government Communications Insurance Customer Experience 59

Collibra

JULY 14, 2023

Today, we’re excited to announce we’ve attained two new AWS Competencies under the AWS Competency Program: the Data and Analytics Competency, and the Government Competency. According to research by CapGemini Research Group , governments believe that they could realize a 9.5%

Analytics 90

Analytics Government Metadata Financial Services 90

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 67

Cloud Financial Services Compliance Digital transformation 67

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. As described below, senior governing bodies would have new oversight responsibilities under the amendments.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 109

Cybersecurity Financial Services Compliance Encryption 109

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Security Affairs

OCTOBER 29, 2021

A ransomware attack hit Papua New Guinea ‘s finance ministry and disrupted government payments and operations. Government officials confirmed that Papua New Guinea’s finance ministry was hit by a ransomware attack that disrupted government payments and operations.

Ransomware 76

Ransomware Financial Services Government Data breaches 76

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Security Affairs

DECEMBER 2, 2022

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. Third-party and open-source reports have identified a possible link between Cuba ransomware actors, RomCom Remote Access Trojan (RAT) actors, and Industrial Spy ransomware actors.”

Ransomware 81

Ransomware Financial Services Manufacturing Phishing 81

Security Affairs

APRIL 6, 2023

A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.

IT 83

IT Financial Services Access Risk 83

Krebs on Security

JUNE 18, 2021

.” Mark Rasch , also former federal prosecutor in Washington, said the SEC is signaling with this action that it intends to take on more cases in which companies flub security governance in some big way. It also means you probably don’t know whether or not anyone has accessed that data.

Insurance 263

Insurance Risk Financial Services Mining 263

Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 332

Financial Services Government Authentication IT 332

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 77

Cloud Computer and Electronics Compliance Financial Services 77

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 93

Financial Services Privacy Personal data Marketing 93

CGI

DECEMBER 11, 2015

Why I believe the Blockchain will transform Government. You may not yet have come across the Blockchain but it is making waves within the financial services community and is heralded as one of the most significant advances in technology for a generation. ravi.kumarv@cgi.com. Fri, 12/11/2015 - 04:23.

Blockchain 40

Blockchain Government Financial Services Access 40

The Last Watchdog

SEPTEMBER 21, 2022

Every access attempt by any entity must be validated throughout the network to ensure no unauthorized entity is moving vertically into or laterally within the network undetected. Fundamentally, Zero Trust is based on not trusting anyone or anything on your network by default and using least required privilege concepts. Cyber threats impact.

Cybersecurity 201

Cybersecurity Digital transformation Cloud Financial Services 201

Security Affairs

JUNE 26, 2021

Threat actors carried out brute-force and password spraying attacks in an attempt to gain access to Microsoft customer accounts. Most of the targeted organizations are IT companies (57%), followed by government organizations (20%). The hackers also targeted non-governmental organizations and think tanks, as well as financial services.

Financial Services 86

Financial Services Access Authentication Passwords 86

IBM Big Data Hub

DECEMBER 14, 2023

The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure.

Cloud 88

Cloud Security Data breaches Cybersecurity 88

Security Affairs

MARCH 8, 2022

. “As of January 2022, the FBI has identified at least 52 entities across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including entities in the critical manufacturing, energy, financial services, government, and information technology sectors,” reads the FBI’s flash alert.

Ransomware 81

Ransomware Passwords Financial Services Manufacturing 81

IBM Big Data Hub

MAY 9, 2023

Challenges around managing risk and reputation Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are starting to demand it. It drives an AI governance solution without the excessive costs of switching from your current data science platform.

Data science 74

Data science Artificial Intelligence Metadata Compliance 74

Collibra

JANUARY 31, 2023

Privacy and protection regulations are growing in numerous industries (such as financial services) and geographic regions (including the EU, Australia, California, and Nevada). It’s not just governments. 75% of consumers say that the way companies handle their data impacts their buying decisions. Collibra is flexible and open.

Digital transformation 97

Digital transformation Data Privacy Privacy Cloud 97

Security Affairs

JUNE 20, 2023

Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. This approach empowers businesses to comply with varying data protection regulations, maintain data sovereignty, and build resilient cybersecurity frameworks.

Compliance 78

Compliance Cybersecurity Risk Encryption 78

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.

Cybersecurity 104

Cybersecurity Compliance Financial Services Government 104

Preservica

NOVEMBER 6, 2017

The 2016 IGI Benchmark Report on The Governance of Long-term Digital Information confirmed that nearly all organizations represented have digital records and information that keep or need to keep in excess of 10 years. Download the Information Governance Initiative (IGI) benchmark report and the 2017 benchmark highlights.

Digital preservation 56

Digital preservation Information governance Government Archiving 56