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

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 77

Blockchain Financial Services Risk Authentication 77

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 107

Communications Financial Services Big data Retail 107

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

AIIM

OCTOBER 15, 2018

In North America, e-signatures are based on multiple authentication aspects with a focus on knowledge-based authentication which cannot be applied in EU due to much stricter privacy regulations. Allianz was mapping the insurance buyer’s journey across all product lines to identify what’s required for best-in-class signing experiences.

Compliance 109

Compliance Insurance Digital transformation Authentication 109

Data Protection Report

FEBRUARY 8, 2022

According to the settlement agreement, the AG concluded that EyeMed’s security practices did not meet the requirements of the SHIELD Act with respect to four requirements: authentication, password management, logging and monitoring, and data retention in the email account. In total, information for approximately 2.1 SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” Experts warn that the Energy sector was a major focus of this campaign, followed by manufacturing, and insurance. ” continues the report.

Phishing 90

Phishing Energy and Utilities Insurance Manufacturing 90

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Matters

APRIL 20, 2021

DOL guidance provides a series of questions that should serve as a starting point for this review and includes topics such as the service provider’s information security standards, track record, cybersecurity insurance coverage, and cybersecurity validation techniques.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Adam Levin

SEPTEMBER 5, 2019

Once the number has been transferred, the criminal has control of any accounts that are identified by caller ID (including many financial institutions) as well as any accounts protected by two-factor authentication. It is believed this was the method used to recently hack Jack Dempsey’s Twitter account. . What You Can Do.

Mining 79

Mining Authentication Financial Services Privacy 79

KnowBe4

MARCH 28, 2023

Strategies include: Developing a comprehensive, defense-in-depth plan Technical controls all organizations should consider Gotchas to watch out for with cybersecurity insurance Benefits of implementing new-school security awareness training Best practices for creating and implementing security policies Get the E-Book now!

Phishing 78

Phishing Security awareness Insurance Cybersecurity 78

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

Authentication 94

Authentication Passwords Access Computer and Electronics 94

Adam Levin

NOVEMBER 30, 2018

If you prefer a more laid back approach, sign up for free transaction alerts from financial services institutions and credit card companies, or subscribe to a credit and identity monitoring program, 3. There are some basics when it comes to protecting yourself when your information is compromised, and they are simple.

Financial Services 66

Financial Services Encryption Passwords Communications 66

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. The settlement requires EyeMed to pay $4.5 million, among other things. Background.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 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.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

Data Protection Report

FEBRUARY 8, 2018

February 15, 2018, is quickly approaching and any entity subject to New York’s cybersecurity regulation (23 NYCRR Part 500) must file its first annual certification of compliance with the New York State Department of Financial Services (DFS) by that date.

Cybersecurity 40

Cybersecurity Financial Services Compliance Insurance 40

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 88

Artificial Intelligence Retail Unstructured data Insurance 88

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Risk management is a concept that has been around as long as companies have had assets to protect. Maintaining Regulatory Compliance.

Risk 121

Risk Cybersecurity Encryption Access 121

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

Adam Levin

NOVEMBER 17, 2020

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Enable two-factor authentication.

Retail 97

Retail e-Delivery Passwords Phishing 97

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

IT 350

IT Passwords Authentication Phishing 350

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Other methods.

Ransomware 137

Ransomware Cybersecurity Phishing Encryption 137

DLA Piper Privacy Matters

APRIL 2, 2020

Multi-Factor Authentication. Multi-Factor Authentication (MFA) is a powerful tool in combating potential unauthorized access to systems where access credentials have been lost or stolen. Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

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

HL Chronicle of Data Protection

MARCH 14, 2019

The proposed Rule will also require multi-factor authentication for any individual accessing customer information, but, unlike the NYDFS which imposed a similar requirement in the Cybersecurity Regulation, the FTC declined to endorse text messages as a permitted second factor.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Fraud.net offers specific solutions for a number of industries, including gaming, financial services, and eCommerce, as well as government organizations.

Analytics 104

Analytics Risk Authentication Financial Services 104

DLA Piper Privacy Matters

JULY 30, 2019

Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Thales Cloud Protection & Licensing

JANUARY 15, 2024

A new generation of Fintech players, as well as major regulatory changes regarding GDPR, KYC and AML have meant that Financial Supervision continues to evolve in our increasingly digitalised world. A changing financial world Today’s consumers value ease of use - and payments and online financial services are no exception.

Unstructured data 71

Unstructured data B2B Access Financial Services 71

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 128

Financial Services Passwords Data breaches Authentication 128

ForAllSecure

JANUARY 19, 2022

To use a service, we enter our user name and a password. But this method of authentication is flawed; either hashed or hashed and salted, usernames and passwords can still be stolen and reused. It seems to me that that's where we get into multi factor authentication, that the composite if different forms of ID tells someone who we are.

Passwords 52

Passwords Authentication Access Data breaches 52

CGI

JULY 20, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. Another use case is the insurance claims process where a blockchain could document property insured and pay claims more quickly. This year will be the test of whether pilots can be turned into production.

Blockchain 45

Blockchain Financial Services Insurance Manufacturing 45

CGI

JULY 28, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. Another use case is the insurance claims process where a blockchain could document property insured and pay claims more quickly. This year will be the test of whether pilots can be turned into production.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

CGI

MAY 15, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. Another use case is the insurance claims process where a blockchain could document property insured and pay claims more quickly. This year will be the test of whether pilots can be turned into production.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

The Last Watchdog

FEBRUARY 25, 2019

The IAM vendors took single sign-on to the next level, adding multi-factor authentication and other functionalities. Our customers all have the pain point of wanting to have single sign-on for multiple applications, requiring capabilities like self-service and self-registration,” Curcio told Last Watchdog.

Access 117

Access Government Authentication Data breaches 117