OpenText Information Management

JANUARY 18, 2023

The roles and responsibilities around data normalization, programming communications layouts and adding … The post Empower business users in financial services to elevate customer experience appeared first on OpenText Blogs.

Customer Experience 62

Customer Experience Financial Services Communications Insurance 62

Data Matters

MAY 8, 2023

Critical ICT third-party service providers, who are providing services to regulated financial entities, will also be directly regulated under DORA and subject to regulatory supervision by a regulator to be established under DORA (a so-called ‘Lead Overseer’).

Financial Services 97

Financial Services Communications Cybersecurity Privacy 97

Data Protection Report

NOVEMBER 8, 2023

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. These revisions represent the most significant modifications since the enactment of the rules in March 2017.

Financial Services 110

Financial Services Cybersecurity Compliance Government 110

Thales Cloud Protection & Licensing

DECEMBER 5, 2018

One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Two other key drivers are digital transformation and poor investments in IT security tools needed to protect data.

Financial Services 75

Financial Services Risk Digital transformation Data breaches 75

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. The primary challenge financial and insurance organizations are facing is the sheer volume of documents that require processing.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

IBM Big Data Hub

JULY 31, 2023

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe. Couldn’t execs have run better analyses to spot risks within the data?

Financial Services 54

Financial Services Digital transformation Computer and Electronics Analytics 54

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 86

Cloud Financial Services Security Compliance 86

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.

Financial Services 89

Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 52

Financial Services Communications Compliance Risk 52

Krebs on Security

DECEMBER 10, 2020

Since then reams of data stolen from the company have been posted online, with the attackers promising to publish more in the coming days. But the company says the malware did not jeopardize card data, and that the incident was limited to administrative areas of its business. Total System Services Inc. NYSE:GPN ].

Ransomware 334

Ransomware Financial Services Access IT 334

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

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Authorized property/casualty insurers should use a data-driven and comprehensive plan to assess gaps and vulnerabilities in the cybersecurity of their insureds and potential insureds. Rigorously Measure Insured Risk. 1 See W.B.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 68

Insurance Financial Services Compliance Retail 68

Data Matters

SEPTEMBER 20, 2018

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

Financial Services 68

Financial Services Paper Marketing Privacy 68

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. www.erwin.com/blog/defining-data-governance/.

Government 40

Government Financial Services GDPR Data breaches 40

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Similarly, in the U.S.

Cloud 79

Cloud Financial Services Risk Business Services 79

OpenText Information Management

FEBRUARY 15, 2024

Every second, an exponential amount of healthcare data is created and mined for valuable insights. A staggering 30% of the world’s data volume is currently generated by the healthcare industry.

Mining 67

Mining Financial Services Manufacturing Customer Experience 67

Data Matters

JUNE 5, 2018

The post President Trump Signs Financial Services Regulatory Reform Legislation appeared first on Data Matters Privacy Blog. providing relief for many bank holding companies from stress testing requirements. easing capital and liquidity requirements and providing capital relief to community banks.

Financial Services 68

Financial Services Insurance Privacy Authentication 68

Collibra

MAY 12, 2023

After speaking with over 20 clients about data quality in modern data pipelines, I am eager to share my insights on the pros and cons of internal (in-memory) processing versus external (API-based) DQ engine integration. Data continues to be checked within the pipeline without overburdening a single function.

Financial Services 87

Financial Services Libraries Analytics IT 87

IBM Big Data Hub

JUNE 12, 2023

We see public cloud as an enabler of a better future for financial services, not as a destination. Know yourself, your stakeholders and your data. The future for financial services is bright. appeared first on IBM Blog. And we’re very proud to be at the heart of it.

Cloud 93

Cloud Financial Services Digital transformation Risk 93

IBM Big Data Hub

AUGUST 10, 2023

With customers top of mind, we are seeing fintechs increasingly harness the power of choice and flexibility that comes with hybrid multicloud and lean into the power of data analytics to deliver enhanced experiences. We are also working with more than 130 technology partners and fintechs to validate their security and compliance posture.

Cloud 70

Cloud Financial Services Artificial Intelligence Digital transformation 70

Data Matters

JANUARY 24, 2024

On January 17, 2024, the New York Department of Financial Services (NYDFS) entered into a consent order with Industrial and Commercial Bank of China Ltd. The post Federal and State Regulators Fine Foreign Bank for Unauthorized Disclosure of Confidential Supervisory Information appeared first on Data Matters Privacy Blog.

Financial Services 97

Financial Services Privacy IT 97

IT Governance

DECEMBER 11, 2023

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: more than 59 million data records. BianLian claims to have exfiltrated 5 TB of data, comprising millions of sensitive documents. Data breached: 5 TB.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

Thales Cloud Protection & Licensing

JANUARY 10, 2024

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). However, European organizations need to dive with eyes wide open when transferring personal data to the US under the DPF.

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

The Last Watchdog

DECEMBER 21, 2021

Some 11,800 computer software companies, 10,000 IT services vendors, 5,500 health care organizations and 3,200 financial services firms continue to maintain on-premises Exchange email servers, according to this report from Enlyft. About the essayist : Bharat Bhushan is technical marketer at Stellar Data Recovery.

Cloud 222

Cloud Financial Services Communications Ransomware 222

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Customer Experience 75

Customer Experience Financial Services Cloud Compliance 75

IBM Big Data Hub

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

Cloud 80

Cloud Financial Services Compliance Risk 80

IT Governance

NOVEMBER 13, 2023

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 included shoppers’ names, email addresses, phone numbers, countries of residence and membership numbers. Records breached: 1.3

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

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

IT Governance

APRIL 29, 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 scraping or web scraping is a typically automated process that extracts information from websites, allowing criminals to compile datasets containing personal information.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? The answer is data lineage. Stakeholders?

Financial Services 99

Financial Services Cloud Metadata Digital transformation 99

Data Matters

MAY 14, 2019

William Long, partner and global co-leader of at Sidley’s Privacy and Cybersecurity practice, and has been working on global data privacy and information security matters for a number of years. Read the Full Interview.

Financial Services 68

Financial Services GDPR Big data Data Privacy 68

OpenText Information Management

DECEMBER 4, 2019

Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.

Financial Services 52

Financial Services Data breaches Security Personal data 52

Data Matters

DECEMBER 6, 2022

On November 9, 2022, the New York Department of Financial Services (DFS) published its proposed second amendment to its cybersecurity regulations (23 NY CRR Part 500). This proposal follows a July 29 pre-proposal and comment period.

Cybersecurity 88

Cybersecurity Financial Services Privacy IT 88

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 69

Cloud Financial Services Compliance Digital transformation 69

IBM Big Data Hub

APRIL 5, 2024

How AI and HPC deliver results faster: Industry use cases At the very heart of this lies data, which helps enterprises gain valuable insights to accelerate transformation. With data nearly everywhere, organizations often possess an existing repository acquired from running traditional HPC simulation and modeling workloads.

Artificial Intelligence 69

Artificial Intelligence Computer and Electronics Financial Services Manufacturing 69

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 68

Financial Services Computer and Electronics Cloud Digital transformation 68