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

IBM Big Data Hub

MAY 8, 2024

At IBM Cloud, we are committed to helping enterprises across industries leverage hybrid cloud and AI technologies to help them drive innovation. For those in even the most highly regulated industries, we have seen these challenges continue to grow as they navigate changing regulations.

Cloud 62

Cloud Customer Experience Compliance Artificial Intelligence 62

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

Cloud 82

Cloud Financial Services Security Compliance 82

The Last Watchdog

FEBRUARY 11, 2024

Every industry is dealing with a myriad of cyber threats in 2024. Regulatory overload Firms in the financial services industry are staring down the bottom of the regulatory barrel coming into 2024. This comes after the second highest year of enforcement actions from the Securities and Exchanges Commission (SEC).

Risk 235

Risk IT Financial Services Cybersecurity 235

Krebs on Security

DECEMBER 10, 2020

TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. NYSE:GPN ]. ” TSYS declined to say whether it paid any ransom.

Ransomware 338

Ransomware Financial Services Access IT 338

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. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 74

Cloud Financial Services Risk Business Services 74

OpenText Information Management

AUGUST 28, 2018

Financial Service organizations are among the most highly regulated industries and routinely face a myriad of compliance and administrative proceedings. By combining eDiscovery policy … The post Five benefits of eDiscovery software for Financial Services appeared first on OpenText Blogs.

Financial Services 40

Financial Services Compliance Security 40

OpenText Information Management

MAY 22, 2024

As we prepare for one of the most important events in payments, we understand that the financial services industry is undergoing significant changes, driven by standards like ISO 20022 and the rapid adoption of artificial intelligence. That's why we’re committed to leading the discussion on these critical topics at The Summit.

Artificial Intelligence 67

Artificial Intelligence IT Financial Services Customer Experience 67

OpenText Information Management

JUNE 5, 2024

The 2024 Payments Canada Summit recently concluded, bringing together industry leaders, innovators, and key stakeholders to discuss the most recent trends and insights in payments. Enhanced security and fraud prevention As digital payments become more prevalent, so do concerns about security and fraud.

Artificial Intelligence 57

Artificial Intelligence Customer Experience Financial Services Compliance 57

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. regulator concerning the increasingly critical issue of cyberinsurance.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

IBM Big Data Hub

JUNE 5, 2024

IBM Cloud ® remains committed to providing our clients with an enterprise-grade cloud platform that can help them address resiliency, performance, security and compliance obligations. To accelerate cloud adoption in financial services, we built IBM Cloud for Financial Services ®, informed by the industry and for the industry.

Financial Services 46

Financial Services Cloud Data breaches Compliance 46

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. Furthermore, they should consider how they are keeping their data secure and compliant, especially given the evolving security-threat landscape and regulatory concerns.

Cloud 65

Cloud Financial Services Artificial Intelligence Digital transformation 65

IBM Big Data Hub

NOVEMBER 14, 2023

.” This cloud-native development and testing environment for z/OS applications is revolutionizing the modernization process by enabling secure DevSecOps practices. The platform can be automated through a standardized framework validated for Financial Services, leveraging the IBM Cloud Security and Compliance Center service (SCC).

Financial Services 95

Financial Services Cloud Compliance Digital transformation 95

Data Matters

MAY 4, 2022

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”. political parties.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

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 70

Customer Experience Financial Services Cloud Compliance 70

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

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. For some sectors, like finance, security and data protection are top of mind for everything that is done. Financial services organizations typically experience the most data breaches and hacks, which makes security a priority.

Authentication 52

Authentication Financial Services Passwords Insurance 52

IBM Big Data Hub

APRIL 22, 2024

Secure and compliant: Deployable architectures on IBM Cloud® are secure and compliant by default for hosting your regulated workloads in the cloud. It follows security standards and guidelines, such as IBM Cloud for Financial Services® , SOC Type 2, that ensures the highest levels of security and compliance requirements.

Cloud 62

Cloud Financial Services Compliance Systems administration 62

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. Understand the immediate power and sustained value of great architecture with embedded security controls and continuous monitoring. The future for financial services is bright. appeared first on IBM Blog.

Cloud 86

Cloud Financial Services Digital transformation Risk 86

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 74

Cloud Financial Services Compliance Risk 74

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. It also offers the industry’s only Keep Your Own Key (KYOK) for data encryption at rest.

Cloud 83

Cloud Security Data breaches Cybersecurity 83

IBM Big Data Hub

AUGUST 1, 2023

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

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 63

Cloud Financial Services Compliance Digital transformation 63

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. We believe this is particularly important with the rise of generative AI.

Cloud 74

Cloud Computer and Electronics Compliance Financial Services 74

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

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud has become the dominant approach for enterprise cloud strategies , but it comes with complexity and concerns over integration, security and skills. To address these concerns the industry is embracing container runtime environments to abstract away infrastructure.

Security 71

Security Cloud Data Privacy Financial Services 71

IBM Big Data Hub

APRIL 5, 2024

Many industries rely on high-performance computing (HPC) to achieve this goal. As an integrated solution across critical components of computing, network, storage and security, the platform aims to assist enterprises in addressing regulatory and efficiency demands.

Computer and Electronics 65

Computer and Electronics Artificial Intelligence Financial Services Manufacturing 65

IT Governance

APRIL 29, 2024

Keyboard app vulnerabilities reveal keystrokes to network eavesdroppers Security researchers have identified critical security vulnerabilities in Cloud-based pinyin keyboard apps from Baidu, Inc., We identified certain accounts that we believe are affiliated with the Spy.pet website, which we have subsequently banned.”

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

IT Governance

DECEMBER 11, 2023

Researchers from the German cyber security company Aplite discovered 3,806 servers from 111 countries accessible on the Internet. Source (New) Retail USA Yes 2,469 Three GreatStar Industrial Co. Source (New) Manufacturing Japan Yes Unknown Midland Industries Source (New) Retail USA Yes Unknown Rosen’s Diversified, Inc.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

IT Governance

OCTOBER 13, 2023

October is both Cybersecurity Awareness Month in the US and European Cyber Security Month in the EU – twin campaigns on either side of the Atlantic that aim to improve awareness of the importance of cyber security both at work and at home, and provide tips on how to stay secure.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Some patients also had their Social Security numbers exposed.”

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

IBM Big Data Hub

AUGUST 17, 2023

Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. CBDC operates on a secure, transparent blockchain network, and it uses blockchain technology to create an immutable record of all transactions. Blockchain technology is characterized by its transparency, security and immutability.

Blockchain 70

Blockchain Financial Services Risk Authentication 70

Rocket Software

JULY 1, 2020

In the financial industry, more advanced applications and tools are enabling real-time financial notifications, streamlined payments, and more. A Rocket client in the financial sector noticed that their customers were moving towards an increasingly digital environment. The financial industry runs on legacy technology.

Digital transformation 52

Digital transformation Financial Services Security Compliance 52

OpenText Information Management

OCTOBER 18, 2022

It’s an essential part of enterprise communications for industries like healthcare, law, insurance and financial services. OpenTextTM is helping many organizations modernize their … The post The future of fax matters appeared first on OpenText Blogs. But fax in 2022 is far from a punch line.

Insurance 57

Insurance Financial Services Communications IT 57

Collibra

NOVEMBER 10, 2023

This blog will delve into two crucial developments in the realm of AI governance: the AI Bill of Rights and the AI Executive Order and explore why AI governance is of paramount importance. Discussions surrounding AI governance, regulation, and ethics have taken center stage. And removing the use of AI to create biological weapons.

Artificial Intelligence 84

Artificial Intelligence Government Security Data Privacy 84

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.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. However, despite the critical status of bank infrastructure on the national level, the security of crucial data was not ensured. million files belonging to ICICI Bank.

Personal data 98

Personal data Phishing Risk Financial Services 98