article thumbnail

Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more.

Cloud 80
article thumbnail

How financial institutions can deliver value from investment in digital operational resilience

IBM Big Data Hub

The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. On the surface, this might seem to complicate matters.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Improve your data relationships with third parties

Collibra

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk. For example, in December 2019, Outsourcing and Third Party Risk Management was launched by the Bank of England.

article thumbnail

Enterprise Architecture: Secrets to Success

erwin

M&A, new markets, products and businesses). Emerging Markets : What opportunities align to our business (e.g., managing risk vs ROI and emerging countries)? operating strategy, global business services and shared services)? Data Overload : How do we find and convert the right data to knowledge (e.g.,

article thumbnail

FCA Publishes Wholesale Banks and Asset Management Cyber Multi-Firm Review Findings

Data Matters

The review aimed to look more closely at how wholesale banking and asset management firms oversee and manage their cybersecurity, including the extent to which firms identify and mitigate relevant cyber risks and their current capability to respond to and recover from data security incidents.

article thumbnail

Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “risk assessment” requirements under Section 500.9

article thumbnail

NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Cybersecurity Risk Assessments.