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Modernizing mainframe applications with a boost from generative AI

IBM Big Data Hub

While many cool possibilities are emerging in this space, there’s a nagging “hallucination factor” of LLMs when applied to critical business workflows. When AIs are trained with content found on the internet, they may often provide convincing and believable dialogss, but not fully accurate responses. Transformation.

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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 “training and monitoring” requirements under Section 500.14

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

Data Matters

Connecting cyber and conduct risk – the Report notes that clearly firms are aware of the threats posed by ‘insiders’ but firms need to further consider how they address this risk, in particular by embedding a security culture throughout all aspects of the business. For one, many had defined the threat landscape too narrowly.

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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.