IBM Big Data Hub

AUGUST 17, 2023

This technology has numerous potential applications in the financial services industry, supply chain management, voting systems and more. Also, CBDC can improve financial inclusion. billion people do not have access to basic financial services. According to the World Bank, around 1.7

Blockchain 74

Blockchain Financial Services Risk Authentication 74

Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). Authentication code.

Authentication 68

Authentication Paper Risk Insurance 68

IT Governance

OCTOBER 13, 2023

So, as ever, this blog series examines recent phishing campaigns and the tactics criminals use to trick people into compromising their data. These phishing emails have reached the inboxes of users in multiple industries, including finance, manufacturing, financial services, energy, construction and healthcare.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

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. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

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. Authenticity : The validity of the asset cannot be denied.

Risk 104

Risk Data breaches Authentication Financial Services 104

Krebs on Security

JANUARY 25, 2022

Although he didn’t technically have an account with MSF, their authentication system is based on email addresses, so Jim requested that a password reset link be sent to his email address. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C.

Financial Services 209

Financial Services IT Data breaches Authentication 209

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Article 7 of the draft RTS delves into cryptographic key management, emphasizing the importance of lifecycle management for cryptographic keys.

Encryption 72

Encryption Data Privacy Compliance Cloud 72

The Last Watchdog

DECEMBER 6, 2022

Much more effective authentication is needed to help protect our digital environment – and make user sessions smoother and much more secure. Underscoring this trend, Uber was recently hacked — through its authentication system. The best possible answer is coming from biometrics-based passwordless, continuous authentication.

Authentication 185

Authentication Passwords Artificial Intelligence Financial Services 185

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Leading up to that date, companies have had to meet several milestones including hiring a CISO, encrypting all its non-public consumer data and enabling multi-factor authentication.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

The Last Watchdog

SEPTEMBER 7, 2022

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. Bolster your monitoring and email authentication capabilities. million in adjusted losses. Incident response. Early detection is critical, and ransomware attacks evolve.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Data Matters

MARCH 28, 2022

implement stronger authentication solutions, such as multi-factor authentication. The post Developments in Health Privacy and Cybersecurity Policy and Regulation: OCR Issues Cybersecurity Warnings and New Health Data Legislation Is Introduced appeared first on Data Matters Privacy Blog. 45 CFR 164.308(a)(5)(i).

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Matters

DECEMBER 4, 2019

In principle, a statutory “signature” requirement can be met by using a private key intended to authenticate a document, and a statutory “in writing” requirement can be met in the case of a smart contract whose code element is recorded in source code. Available at [link]. 13 BIS – “Statement on crypto-assets,” March 13, 2019.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Data Matters

DECEMBER 4, 2019

In principle, a statutory “signature” requirement can be met by using a private key intended to authenticate a document, and a statutory “in writing” requirement can be met in the case of a smart contract whose code element is recorded in source code. Available at [link]. 13 BIS – “Statement on crypto-assets,” March 13, 2019.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Info Source

JULY 18, 2023

By Petra Beck, Senior Analyst Capture Software, Infosource Key Takeaways The expanded eIDAS (electronic Identification, Authentication and Trust Services) 2.0 The EC initiated the European electronic Identification, Authentication and trust Services initiative (eIDAS Regulation). The initial Regulation (EU) No.

Authentication 52

Authentication e-Delivery B2C Marketing 52

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. February 15 deadline looms for first DFS Cybersecurity Certification.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Thales Cloud Protection & Licensing

NOVEMBER 2, 2017

The conference features a variety of topics and sessions regarding all aspects of financial services, from cryptocurrency to banking. Three topics that piqued my interest at the 2017 show included authentication, blockchain and digital payments. Authentication.

Blockchain 63

Blockchain IT Authentication e-Delivery 63

The Last Watchdog

NOVEMBER 9, 2020

Hacking collectives are very proficient at “exploiting weak authentication schemes to gain persistence inside of a targeted network,” Sherman says. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. This column originally appeared on Avast Blog.).

IoT 277

IoT Passwords Artificial Intelligence Risk 277

Data Matters

APRIL 20, 2021

The post DOL Puts Plan Sponsors and Other Fiduciaries on Notice: ERISA Requires Appropriate Precautions to Mitigate Cybersecurity Threats appeared first on Data Matters Privacy Blog.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Security Affairs

SEPTEMBER 12, 2018

Other SAP products addressed with the Security Notes are Business One, BEx Web Java Runtime Export Web Service, HANA, WebDynpro, NetWeaver AS Java, Hybris Commerce, Plant Connectivity, Adaptive Server Enterprise, HCM Fiori “People Profile” (GBX01HR), Mobile Platform, Enterprise Financial Services, and Business One Android application.

Security 48

Security Financial Services Libraries Authentication 48

KnowBe4

MARCH 28, 2023

Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. While researching his recent book Hacking Multifactor Authentication, Roger tested over 150 MFA solutions. Remember: Culture eats strategy for breakfast and is always top-down.

Phishing 81

Phishing Security awareness Insurance Cybersecurity 81

Data Matters

MARCH 12, 2019

Of particular note, the Safeguards Rule NPRM proposes to align the FTC’s requirements with those of the New York Department of Financial Services (“NYDFS”), as found in its cybersecurity regulations, and the National Association of Insurance Commissioners (“NAIC”), as found in its insurance data security model law.

Privacy 68

Privacy IT Information Security Insurance 68

Thales Cloud Protection & Licensing

DECEMBER 4, 2019

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

Financial Services 22

Financial Services Encryption Cloud Digital transformation 22

Data Matters

AUGUST 17, 2021

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC)1 issued guidance establishing risk management principles and practices to support the authentication of users accessing a financial institution’s information systems and customers accessing a financial institution’s digital banking services (the Guidance).

Authentication 88

Authentication Access Risk Financial Services 88

IBM Big Data Hub

FEBRUARY 14, 2024

Financial services AI-powered FinOps (Finance + DevOps) helps financial institutions operationalize data-driven cloud spend decisions to safely balance cost and performance in order to minimize alert fatigue and wasted budget.

Artificial Intelligence 86

Artificial Intelligence Retail Unstructured data Insurance 86

The Last Watchdog

JUNE 28, 2021

Microsoft said it notified the targeted 150 organizations, which included “IT companies (57%), followed by government (20%), and smaller percentages for non-governmental organizations and think tanks, as well as financial services.” This of course is how they get a toehold to go deeper.

Phishing 208

Phishing Passwords Authentication Financial Services 208

Thales Cloud Protection & Licensing

JULY 24, 2018

The 57 percent rate statistic is the highest of all verticals we measured in this year’s report (others include the healthcare industry, the retail industry, and the financial services industry) or any region surveyed. The post Federal Agency Data is Under Siege appeared first on Data Security Blog | Thales eSecurity.

Encryption 48

Encryption Cloud Data breaches Government 48

Security Affairs

APRIL 30, 2020

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. The page resembles an authentic Microsoft Office 365 file sharing page.

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Phishing Cloud Financial Services Authentication 100

CGI

JULY 20, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. See my colleague Sean Curry’s blog for more blockchain basics.). In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering.

Blockchain 45

Blockchain Financial Services Insurance Manufacturing 45

CGI

MAY 15, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. See my colleague Sean Curry’s blog for more blockchain basics.). In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

CGI

JULY 28, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. See my colleague Sean Curry’s blog for more blockchain basics.). In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

IBM Big Data Hub

OCTOBER 16, 2023

For example, DORA is one of the world’s most far-reaching cybersecurity regulations for financial services organizations and enterprises offering information and communications technology (ICT) services. The post Living in a data sovereign world appeared first on IBM Blog.

Cloud 71

Cloud Compliance Data Privacy Privacy 71

Krebs on Security

DECEMBER 14, 2023

That story about the Flashback author was possible because a source had obtained a Web browser authentication cookie for a founding member of a Russian cybercrime forum called BlackSEO. Anyone in possession of that cookie could then browse the invite-only BlackSEO forum and read the user’s private messages without having to log in. .

Computer and Electronics 213

Computer and Electronics Marketing Sales Healthcare 213

Data Matters

APRIL 23, 2018

In particular, in a blog article entitled, The NIST Cybersecurity Framework and the FTC , dated August 31, 2016, the FTC provided guidance suggesting that the NIST Cybersecurity Framework is consistent with the agency’s approach followed since the late 1990s in over 60 law enforcement actions and in business education guidance.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

KnowBe4

JUNE 20, 2023

Blog post with links: [link] [New PhishER Feature] Immediately Add User-Reported Email Threats to Your M365 Blocklist Now there's a super easy way to keep malicious emails away from all your users through the power of the KnowBe4 PhishER platform! Your employees are your last line of defense. Train them not to fall for bogus job offers.

Data breaches 71

Data breaches Phishing Security awareness Ransomware 71

Data Matters

MAY 17, 2022

19, 2022, President Biden signed the National Security Memorandum, which implemented requirements from EO 14028 by setting out specific cyber requirements for government agencies and contractors, such as multifactor authentication, encryption, cloud technologies, and endpoint detection services. Press Release No.

Cybersecurity 97

Cybersecurity Government Authentication Ransomware 97

Data Matters

JUNE 5, 2018

Section 213 of the Act authorizes insured depository institutions and insured credit unions (and their respective affiliates) to accept, in connection with an individual consumer’s request to open an account or obtain a service, a scanned driver’s license or identification card issued by a state or local government.

Financial Services 68

Financial Services Insurance Privacy Authentication 68

eSecurity Planet

JUNE 1, 2021

. “From there, the actor was able to distribute phishing emails that looked authentic but included a link that, when clicked, inserted a malicious file used to distribute a backdoor we call NativeZone,” Tom Burt, corporate vice president of customer security and trust at Microsoft, wrote in a blog post late last week.

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Phishing Cybersecurity Government Authentication 70