IBM Big Data Hub

FEBRUARY 22, 2024

While AI can undoubtedly offer a competitive edge to organizations that effectively leverage its capabilities, we have seen unique concerns from industry to industry and region to region that must be considered—particularly around data.

Cloud 78

Cloud Computer and Electronics Compliance Financial Services 78

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 68

Cloud Financial Services Compliance Digital transformation 68

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). What are the benefits of Wazi as a service on IBM Cloud?

Financial Services 100

Financial Services Cloud Compliance Digital transformation 100

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Compliance madhav Tue, 09/19/2023 - 05:17 It is essential for any business that stores, processes, and transmits payment card information to comply with the Payment Card Industry Data Security Standard (PCI DSS). Consumers’ payment data is a compelling target for criminals who continue to circumvent IT security defenses. Requirement 3.2

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Compliance Financial Services Data breaches Encryption 77

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. Consequently, these data breaches can rattle customer trust and the confidence of regulators. 

Cloud 89

Cloud Security Data breaches Cybersecurity 89

IBM Big Data Hub

JANUARY 12, 2024

For enterprises dealing with sensitive information, it is vital to maintain state-of-the-art data security in order to reap the rewards,” says Stuart Winter, Executive Chairman and Co-Founder at Lacero Platform Limited, Jamworks and Guardian.

Cloud 101

Cloud Data Privacy Encryption Privacy 101

IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Financial Services 66

Financial Services Computer and Electronics Cloud Digital transformation 66

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

Despite this imminent threat, the most important reason for organizations to act immediately is that many data centers are not able to easily pivot their cryptography. Keys are are what locks and unlocks the secure algorithms by programs and applications that need access to the secure data.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

Thales Cloud Protection & Licensing

APRIL 4, 2019

The combination of our two companies creates the worldwide leader in digital security, protecting more data, transactions and identities than any other company and enabling tens of thousands of organizations to deliver trusted digital services to billions of individuals around the world. The Leading Data Protection Provider.

Cloud 66

Cloud Encryption Marketing Financial Services 66

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

Security Affairs

MAY 10, 2022

“Frappo” acts as a Phishing-as-a-Service and enables cybercriminals the ability to host and generate high-quality phishing pages which impersonate major online banking, e-commerce, popular retailers, and online-services to steal customer data. The last update of the service was registered May 1, 2022. Pierluigi Paganini.

Phishing 73

Phishing Retail Financial Services Data breaches 73

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. They can refuse to pay the ransom and have criminals release sensitive data. Data, even when returned, can be damaged or useless, delaying ongoing projects.

Ransomware 124

Ransomware Education Phishing Financial Services 124

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. d) and 500.22(e)),

Cybersecurity 104

Cybersecurity Compliance Financial Services Government 104

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud is also forcing a significant rethinking of how to secure and protect data and assets. Confidential computing is an emerging foundational capability that enables the protection of data-in-use. This unique capability is designed for workloads that have strong data sovereignty, regulatory or data privacy requirements.

Security 76

Security Cloud Data Privacy Financial Services 76

Thales Cloud Protection & Licensing

JULY 24, 2018

to discuss the findings of the 2018 Thales Data Threat Report, Federal Edition. Question: Can you provide an overview of the 2018 Thales Data Threat Report, Federal Edition, and elaborate why it’s needed today more than ever? This year’s report is especially relevant because it tells us federal agency data is under siege.

Encryption 48

Encryption Cloud Data breaches Government 48

Thales Cloud Protection & Licensing

JULY 9, 2018

But it also frequently relies on increasing amounts of personal and other sensitive data. As the volume of sensitive data grows, so, too, does the threat of theft. There are valuable tools to help fight digital security threats, but which tools to use and how to deploy them depend on the type of data and the use case, or application.

Digital transformation 75

Digital transformation Financial Services Encryption Insurance 75

Thales Cloud Protection & Licensing

FEBRUARY 27, 2023

One of the best resources for the collected data is the CBDC Tracker : CBDCs are still in the experimental phase in many countries and are not yet widely available. More data for policymakers: The use of CBDCs could provide central banks with more data on economic activity, which could help them make more informed policy decisions.

Financial Services 71

Financial Services Access Risk Security 71

Thales Cloud Protection & Licensing

DECEMBER 11, 2018

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. But it looks like my own personal data has been breached – again. To make a long story short – the top reason that they didn’t invest in data security was “lack of perceived need” at 52%.

Retail 66

Retail Data breaches Encryption Mining 66

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

Data Matters

APRIL 20, 2021

This development indicates that sponsors and fiduciaries may soon be subject to focused scrutiny over their cybersecurity practices in DOL investigations and adds to the multiple existing sources of cybersecurity legal risk in the wake of data breaches or insufficient cybersecurity controls.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Data Matters

MARCH 12, 2019

Over the last few years, States have enacted increasingly aggressive legislation concerning data privacy and security, raising concerns that companies will be subject to a patchwork of different standards. The Commission’s vote to submit the Safeguard Rule NPRM was divided, with Commissioners Noah Phillips and Christine Wilson dissenting.

Privacy 68

Privacy IT Information Security Insurance 68

Thales Cloud Protection & Licensing

MARCH 22, 2018

This blog was originally published on Business Reporter. The concept of payment, at its most fundamental, is simply about people agreeing to exchange goods or services. The stated aim of decentralisation in Bitcoin, for example, is to remove the middle man entirely, and instead end fraud and financial disputes through transparency.

Financial Services 107

Financial Services Encryption Security Marketing 107

Thales Cloud Protection & Licensing

DECEMBER 4, 2019

While this event is still considered one of the most grandiose thefts, financial institutions today collectively face digital attacks that easily rival it. Theft and other data security incidents cost financial institutions millions of dollars and result in more consumer records being lost or stolen, year after year.

Financial Services 22

Financial Services Encryption Cloud Digital transformation 22

Data Matters

OCTOBER 8, 2020

Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. Payment is often demanded in bitcoin, and thus third-party services are often used to make such payments.

Ransomware 68

Ransomware Compliance Risk Government 68

eDiscovery Daily

FEBRUARY 26, 2019

Now, Tom has written another terrific overview regarding blockchain and legal technology titled Understanding Blockchain and its Impact on Legal Technology that we’re happy to share on the eDiscovery Daily blog. The audit trail itself is visible to all participants yet allows encryption of individual transactions. How Blockchain Works.

Blockchain 46

Blockchain IT Computer and Electronics Healthcare 46

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. complaint filed Oct. 10, 2018), remains pending in an Illinois state court.

Insurance 70

Insurance Cybersecurity Risk Education 70

IBM Big Data Hub

OCTOBER 16, 2023

As the world continues to become a globally connected ecosystem, data fluidity has sparked national and international conversations around notions of data and digital sovereignty. First, we must understand how data sovereignty came to be. What is data sovereignty?

Cloud 71

Cloud Compliance Data Privacy Privacy 71

IT Governance

MARCH 11, 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. Data breached: 36 million records. Data breached: 6,935,412 individuals’ data. Data breached: 6.9 Only 3 definitely haven’t had data breached.

Data Privacy 87

Data Privacy Privacy Security Data breaches 87

The Last Watchdog

MAY 26, 2022

Related: The role of post-quantum encryption. Quantum computers pose yet another looming threat since it has been mathematically proven that quantum computers with enough power will crack all the world’s public encryption. After all, who wants to report that they had a breach which has caused critical data or operational losses?

Ransomware 271

Ransomware Government Agriculture Encryption 271

IT Governance

JULY 31, 2019

Department of Health Services email hacked exposing patient data (14,591). Pennsylvania-based software firm and healthcare provider accuse each other of data theft (unknown). TX-based Wise Health reports data breach caused by phishing attack (35,899). Capital One says credit card applicants’ data stolen (100 million).

Data breaches 111

Data breaches Ransomware Personal data Government 111

IBM Big Data Hub

NOVEMBER 29, 2023

Financial Services clients are increasingly looking to modernize their applications. Moreover, many of these financial services applications support regulated workloads, which require strict levels of security and compliance, including Zero Trust protection of the workloads.

Cloud 97

Cloud Financial Services Security Compliance 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. The data is no longer publicly available. Data breached: >223,000,000 records. Data breached: >7,000,000 records. Data breached: 5,500,000 records.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

Data Matters

APRIL 23, 2018

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Encrypting critical data assets.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

CGI

DECEMBER 18, 2018

Sibos is one of the biggest banking industry events and is run in a different location every year allowing the great and the good of the financial services world to get away from the office for a week and spend some time seeing what else is going on in the market. there is a level playing field between competitors.

Financial Services 40

Financial Services Encryption Marketing GDPR 40

Data Matters

NOVEMBER 22, 2021

Unlike some of those regulations, this rule is not linked to compromised consumer data. Each regulator cites different statutes as the basis of its authority, including the Federal Deposit Insurance Act, the Home Owners’ Loan Act, the Bank Service Company Act, and the Federal Reserve Act. Background.

Cybersecurity 117

Cybersecurity Insurance Financial Services Marketing 117

Thales Cloud Protection & Licensing

FEBRUARY 28, 2024

How better key management can close cloud security gaps troubling US government madhav Thu, 02/29/2024 - 05:38 In my first blog on this topic I noted a Treasury Department report released last year listed six cloud security challenges financial sector firms face. The first step is to know what sensitive data you have and where it is.

Cloud 77

Cloud Government Encryption Security 77

Thales Cloud Protection & Licensing

DECEMBER 23, 2019

According to the 2019 Thales Data Threat Report-India Edition , digital transformation is well underway in India, with 41% of Indian respondents saying they are either aggressively disrupting the markets they participate in or embedding digital capabilities that enable greater organizational agility. On the contrary.

Digital transformation 15

Digital transformation Cloud Encryption Data Privacy 15