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The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023

IT Governance

The post The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023 appeared first on IT Governance UK Blog. We’ll be back next week with the biggest and most interesting news stories, all rounded up in one place for you. In the meantime, if you missed it, check out last week’s round-up.

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

IBM Big Data Hub

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 includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

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China: new rules on use of algorithms for digital business, data analytics and decision-making

DLA Piper Privacy Matters

The new “Administrative Regulations on Algorithm Recommendation of Internet Business Services” comes into force on 1 March 2022, and will introduce important rules on the use of algorithms when operating digital platforms/websites/apps – including targeted marketing – in China. Authors: Carolyn Bigg , Venus Cheung , Fangfang Song.

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Experts warn of a spike in May and June of 8Base ransomware attacks

Security Affairs

The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, business services, and IT. “This list contains only those companies that have neglected the privacy and importance of the data of their employees and customers,”.

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You can now implement and maintain encryption with minimal impact

Thales Cloud Protection & Licensing

Technologies such as IoT, cloud, edge computing, and AI can drastically improve business service and operations. However, their integration raises challenges around security, privacy, and the reliability of the underlying infrastructure. You can now implement and maintain encryption with minimal impact. Tue, 02/08/2022 - 07:26.

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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. In December 2019, the UK Financial Conduct Authority (FCA) issued Building operational resilience: impact tolerances for important business services.

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

Data Matters

The post FCA Publishes Wholesale Banks and Asset Management Cyber Multi-Firm Review Findings appeared first on Data Matters Privacy Blog. What can we, as a Board or Management Committee, do to make sure the firm’s second line of defence is able to provide effective challenge to the first line on cyber-related matters?