Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. Furthermore, there are cases in which regulators have, following privacy incidents, used records of past incidents and corrective steps taken as part of their analysis.

Compliance 137

Compliance Privacy Risk Financial Services 137

Collibra

AUGUST 14, 2023

It should clearly define the problem that the AI model solves, the data used to train the model, the desired outcomes, and the personas involved. If you’re in financial services, maybe you’re considering how to incorporate AI into fraud detection, or personalized customer service, denial explanations or financial reporting.

Government 52

Government Risk Financial Services Compliance 52

Security Affairs

JUNE 20, 2020

Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals. ” reads the analysis published by Awake Security. .

Healthcare 119

Healthcare Financial Services Communications Security 119

IBM Big Data Hub

APRIL 18, 2024

LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language. However, these systems lack genuine understanding and can’t adapt to situations outside their training. Example : A patient visits a doctor with concerning symptoms.

Artificial Intelligence 90

Artificial Intelligence Marketing e-Delivery Manufacturing 90

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. The Real-Time Data Quality Dashboard was another innovation. The velocity packs epitomize Reltio’s mission to provide fast time-to-value.

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 117

Risk Financial Services Insurance Cybersecurity 117

IBM Big Data Hub

SEPTEMBER 20, 2023

While that can mean hiring new talent like data scientists and software programmers, it should also mean providing existing workers with the training they need to manage AI-related projects. The goal is to free up time for public employees to engage in high value meetings, creative thinking and meaningful work.

Government 110

Government Artificial Intelligence Privacy Digital transformation 110

Data Matters

MARCH 28, 2022

See 45 CFR 164.308(a)(1)(ii)(A)-(B): Implementation Specification: Risk Analysis (required), Implementation Specification: Risk Management (required); see also 45 CFR 164.304 (definition of “Availability”). implement a security awareness and training program for all workforce members pursuant to the HIPAA Security Rule.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

eSecurity Planet

SEPTEMBER 10, 2021

Train your staff. To prevent hackers from getting their hands on access credentials for cloud computing tools, organizations should train all workers on how to spot cybersecurity threats and how to respond to them. Perhaps most importantly, cloud security training should help employees understand the inherent risk of shadow IT.

Cloud 107

Cloud Security Encryption Risk 107

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

IBM Big Data Hub

SEPTEMBER 6, 2023

Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration. The development of financial planning and analysis solutions has begun to redefine the landscape of budgeting.

Analytics 89

Analytics Marketing Artificial Intelligence Sales 89

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

eSecurity Planet

AUGUST 10, 2023

The goal of this threat intelligence community is to share useful threat information back and forth: Private sector leaders can benefit from access to FBI insider knowledge, training, and best practices, while the FBI and other governmental bodies gain additional eyes on different areas of U.S. critical infrastructure.

Cybersecurity 73

Cybersecurity Access Metadata Energy and Utilities 73

Data Protection Report

SEPTEMBER 28, 2021

It has seized it with gusto, announcing more than 70 proposals and calls for views and publishing its economic analysis of expected impact. An individual will have to attempt to resolve their complaint directly with the controller before lodging it with the ICO (aligning data protection with other areas such as UK financial services).

Government 119

Government FOIA GDPR Compliance 119

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Forensic Analysis. Staff Awareness. Spam Filter. Ransomware facts.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Collibra

MARCH 23, 2021

ATB Financial provides a diversified set of financial services to more than 770,000 residents of Alberta, Canada. Being a regionally focused institution, the group is dedicated to knowing its customers intimately, understanding their needs and providing products and services that help them achieve their goals.

Cloud 59

Cloud Government Access Metadata 59

Collibra

OCTOBER 31, 2023

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Financial services orgs, especially those in capital markets, frequently has been on the forefront of generative AI investment.

Marketing 99

Marketing Government Financial Services Artificial Intelligence 99

Data Protection Report

OCTOBER 1, 2019

As with the amended breach law, this new law also states that compliance with the data security requirements of HIPAA, Gramm-Leach-Bliley or New York Department of Financial Services cybersecurity regulations, or other similar agency requirements, will meet this statute.

Security 40

Security Financial Services Passwords Risk 40

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. Obtain cybersecurity expertise to properly understand and evaluate cyber risk.

Insurance 70

Insurance Cybersecurity Risk Education 70

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top.

Compliance 67

Compliance Risk Government Retail 67

ARMA International

DECEMBER 26, 2019

Thirty-four percent have invested in new technologies, 32% have educated employees (via workshops, training, or certifications), and 31% have enlisted external expertise to get their program in line. Fifty-eight percent of respondents are confident they comply with the data protection/privacy obligations within their jurisdiction or industry.

Content services 76

Content services Cloud Records Management Privacy 76

IBM Big Data Hub

DECEMBER 1, 2023

They must comply with an increasing regulatory burden, and they compete with a broad range of financial services companies that offer investment products that have potential for better returns than traditional life insurance and annuity products. The supervised learning that is used to train AI requires a lot of human effort.

Insurance 107

Insurance Digital transformation Customer Experience Cloud 107

eSecurity Planet

SEPTEMBER 16, 2022

Also called “fraud prevention tools,” these solutions are designed to enhance and aid in the analysis, detection, and management of fraud and other illicit activities across all aspects of a business. In our analysis and review of the fraud prevention, detection and management market, a number of providers stood out.

Analytics 110

Analytics Risk Authentication Financial Services 110

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top.

Compliance 57

Compliance Risk Government Retail 57

eSecurity Planet

AUGUST 13, 2021

While several open-source tools exist for disk and data capture, network analysis, and specific device forensics, a growing number of vendors are building off what’s publicly available. Critical capabilities include timeline analysis, hash filtering, file and folder flagging, and multimedia extraction. The Sleuth Kit and Autopsy.

e-Discovery 137

e-Discovery Computer and Electronics Marketing Compliance 137

KnowBe4

JUNE 20, 2023

This incident highlights how the North Korean regime trains cybercriminals to deceive people by impersonating tech workers or employers as part of their illegal activities. According to Chainalysis, a blockchain analysis firm, there has been a significant increase in the amount of stolen assets by North Korea-backed hackers.

Data breaches 76

Data breaches Phishing Security awareness Ransomware 76

IBM Big Data Hub

OCTOBER 20, 2023

You can connect to the existing database, upload a data file, anonymize columns and generate as much data as needed to address data gaps or train classical AI models. AI platforms can generate content and assist with various tasks, such as crafting marketing emails and creating customer personas.

Data science 79

Data science Manufacturing Artificial Intelligence Retail 79

ForAllSecure

FEBRUARY 10, 2022

Smaragdakis: I'm an academic by training, so I've been a professor for the past 22 years now. And we started this company DeDaub, to try to apply some of our program analysis tools to real world problems, and particularly in the blockchain space in smart contracts as the programs are called, that are deployed autonomously.

Blockchain 52

Blockchain IT Financial Services Security 52

erwin

JUNE 21, 2019

Knowledge retention and training has become a pivotal area in which businesses will either succeed or fail. Industry-specific regulations in areas like healthcare, pharmaceuticals and financial services have been in place for some time. Different organizations tend to speak different languages.

Healthcare 108

Healthcare Compliance Financial Services GDPR 108

DLA Piper Privacy Matters

APRIL 26, 2021

Testing: Any data sets used to support training, validation and testing must be subject to appropriate data governance and management practices and must be relevant, representative, free of errors and complete and have the appropriate statistical properties to support the system use. d) Sanctions.

Artificial Intelligence 114

Artificial Intelligence Risk Marketing GDPR 114

Data Matters

MARCH 21, 2022

The reporting requirements will cover multiple sectors of the economy, including chemical industry entities, commercial facilities, communications sector entities, critical manufacturing, dams, financial services entities, food and agriculture sector entities, healthcare entities, information technology, energy, and transportation.

Ransomware 97

Ransomware Cybersecurity Agriculture Communications 97

IT Governance

JANUARY 16, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Welcome to this week’s round-up of the biggest and most interesting news stories.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IT Governance

JANUARY 23, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. The first chapter covers the lawful basis for training generative AI models on web-scraped data and is open until 1 March.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

ForAllSecure

JANUARY 19, 2022

Moffett: So I think there's been huge improvements in sort of end user awareness and training. We use public key cryptography in https and secures how we use our financial services or order online. Moffatt: But what they equally do they publish notifications as well. On the other hand, I don’t want to be a victim of fraud.

Passwords 52

Passwords Authentication Access Data breaches 52

Data Matters

APRIL 23, 2018

The NACD Handbook, in this respect, suggests steps such as nominating a cyber-expert to the board itself, creating a cross-departmental cyber committee that reports directly to the board, or implementing formal director-education training.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

erwin

FEBRUARY 27, 2020

Even industries historically resistant to it, such as financial services and healthcare, are now transforming proactively and at a rapid rate. A strategic planning approach – from assessment and impact and investment analysis through delivery – ensures ideas are captured, analyzed and shared in a structured process.

Digital transformation 137

Digital transformation Financial Services Analytics Education 137

Collibra

JULY 21, 2021

Financial services are highly regulated and maintain a strong focus on compliance and risk management. Considering that major financial organizations handle enormous amounts of data today, they require data accuracy and integrity at all times to minimize risks. What is data quality in financial services?

Financial Services 59

Financial Services Analytics Compliance Risk 59