Armstrong Archives

DECEMBER 18, 2023

This reality has made data security increasingly important, requiring a sea change in the way companies handle their documents. We have decades of experience in the safe storage, scanning, and shredding of our clients’ important documents. What paperwork do I need to keep: How do you know which documents to keep or shred?

Archiving 52

Archiving Paper Records Management Compliance 52

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

IT Governance

AUGUST 26, 2021

A new approach to work requires careful consideration – and one of your biggest concerns should be your compliance posture. This might be fine if your only concern is productivity, but if you also have regulatory compliance challenges, you may feel compelled to install such software. Protecting employees’ privacy.

Compliance 119

Compliance Data breaches Privacy Risk 119

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 110

Cybersecurity Financial Services Compliance Encryption 110

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 272

Insurance Risk Financial Services Mining 272

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Compliance management.

Compliance 57

Compliance Risk Government Retail 57

The Last Watchdog

JULY 11, 2023

This includes scanning all materials, such as investor onboarding documents and communication. He has over 25 years of global leadership experience within the financial services industry, having spearheaded development across Electronic Trading, OMS, Risk, Compliance and Data. Implement strong data encryption.

IT 189

IT Encryption Risk Financial Services 189

Data Protection Report

DECEMBER 23, 2019

Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. The good news is that many of these requirements can be grouped together with similar documents having relatively similar retention periods. In the U.S.,

Privacy 144

Privacy Compliance Personal data Risk 144

Hunton Privacy

JUNE 9, 2022

Licensees must annually certify their compliance with these information security program requirements in writing to the Vermont Deputy Commissioner of Insurance (the “Commissioner”) by April 15 and maintain records supporting the certification for five years. Cybersecurity Event Investigation and Notification Requirements.

Insurance 107

Insurance Security Information Security Cybersecurity 107

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. Finally, the regulation includes an annual certification of compliance, to be filed with NYDFS. NYDFS Cybersecurity Regulation. Training and monitoring materials.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

AIIM

MAY 6, 2020

This will predominantly be documents with a structure such as forms, orders, invoices, delivery dockets, and vouchers. The steps for capture-to-process include: Recognize and extract useful data from the document or form. These important hidden benefits include: Improved searchability of business documents.

Paper 144

Paper Digital transformation Financial Services Records Management 144

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? Regulatory compliance The financial space is highly regulated.

Financial Services 101

Financial Services Cloud Metadata Digital transformation 101

IBM Big Data Hub

OCTOBER 4, 2022

With the growing number of AI regulations, responsibly implementing and scaling AI is a growing challenge, especially for global entities governed by diverse requirements and highly regulated industries such as financial services, healthcare and telecom. Where do you go from here? Register for AI Governance webinar.

Government 102

Government Artificial Intelligence Metadata Data science 102

IBM Big Data Hub

JUNE 7, 2022

Governance automation enables an enterprise to institutionalize the process, policies and compliance of AI deployments to continuously collect evidence, ensuring consistency, accuracy, timely, efficient, cost effective and scalable deployment of AI. Case study: IBM Cloud Pak for Data at work in a large financial services firm.

Government 52

Government Financial Services Compliance Cloud 52

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 The regulation includes an annual certification of compliance, to be filed with NYDFS. The regulation includes an annual certification of compliance, to be filed with NYDFS. NYDFS Cybersecurity Regulation.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 77

Insurance Artificial Intelligence Risk Compliance 77

IBM Big Data Hub

JULY 12, 2023

For years, the bank has been part of IBM’s growing ecosystem of financial institutions and technology partners leveraging IBM Cloud for Financial Services to help deliver more improved customer services and products better tailored to each individual customer’s financial needs.

Digital transformation 52

Digital transformation Financial Services Cloud Customer Experience 52

OpenText Information Management

NOVEMBER 29, 2023

Whether an organization offers financial services, healthcare, or operates in the … The post Navigating the landscape of digital accessibility appeared first on OpenText Blogs.

Access 57

Access Financial Services Customer Experience Communications 57

The Last Watchdog

APRIL 3, 2019

This is, in large part, because the complexity of business networks continues to escalate at a time when compliance mandates are intensifying. I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this. Compliance matters.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Info Source

APRIL 4, 2023

Shinydocs has enabled leading organizations within the oil and gas/utilities, government, and financial services verticals to make more accurate, data-driven decisions whilst significantly reducing time searching for files and improving the overall customer and employee experiences. For more information visit: www.shinydocs.com

Unstructured data 40

Unstructured data Customer Experience Marketing Financial Services 40

Data Matters

JUNE 24, 2021

3 The SEC and its staff followed the September 2017 statement with various cybersecurity-related initiatives and guidance, including January 27, 2020, cybersecurity guidance and observations published by the SEC’s Division of Examinations (formerly Office of Compliance Inspections and Examinations). 20, 2017). 27, 2020). 5 83 FR 8166 (Feb.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. Compliance and Legislation : How do we manage uncertainty around legislative change (e.g., Enterprise architecture is central to managing change and addressing key issues facing organizations.

Artificial Intelligence 143

Artificial Intelligence Healthcare Compliance Financial Services 143

Info Source

JUNE 6, 2018

The 2018 Financial Services Industry Survey Report confirms numerous compliance functions, from initial inquires through customer off-boarding, as key challenges for financial institutions, with 91% citing the “time/cost required from concept to reality” and 86% pointing to “budget constraints” as primary impediments.

Financial Services 40

Financial Services Digital transformation Customer Experience Compliance 40

Info Source

JULY 6, 2023

By Petra Beck, Senior Analyst Capture Software We are often faced with questions like: How do we justify an investment in a Capture or Intelligent Document Processing (IDP) solution? These inputs arrive through different channels in different formats, a significant portion often as paper documents. as quickly as possible.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

Data Matters

SEPTEMBER 6, 2022

For businesses operating in California or whose websites, products or services reach California residents, these changes mean new compliance obligations, some of which could require significant investments of time and resources. Short-Term CCPA Compliance Tune Up.

Privacy 197

Privacy B2B Sales Compliance 197

Data Protection Report

DECEMBER 23, 2019

Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. The good news is that many of these requirements can be grouped together with similar documents having relatively similar retention periods. In the U.S.,

Privacy 52

Privacy Compliance Personal data Risk 52

erwin

DECEMBER 20, 2018

But it’s important for organizations to understand that the benefits of data governance extend beyond just GDPR or compliance with any other internal or external regulations. In addition to compliance, top drivers turned out to be improving customer satisfaction, reputation management, analytics and Big Data. for Financial Services.

Government 40

Government Financial Services GDPR Data breaches 40

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

Shoreline Records Management

AUGUST 21, 2023

HIPAA Compliance In healthcare data management, the Health Insurance Portability and Accountability Act (HIPAA) protects patient privacy and the security of medical records. HIPAA compliance entails a careful approach to data handling, encompassing the digital realm and the physical storage of records.

Records Management 26

Records Management Paper Compliance Access 26

Collibra

AUGUST 14, 2023

As shown in the figure the four parts of the Collibra AI Governance framework are: Define the use case Identify and understand data Document models and results Verify and monitor Let’s explore each of those steps. Document models and results By the end of Step 2, you’ve reviewed perhaps a dozen data sets and maybe a handful are qualified.

Government 52

Government Risk Financial Services Compliance 52

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Compliance management.

Compliance 67

Compliance Risk Government Retail 67

eSecurity Planet

FEBRUARY 11, 2022

Maintaining Regulatory Compliance. Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Documenting and Implementing Procedures. Risk Management Process.

Risk 141

Risk Cybersecurity Encryption Access 141

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

While the technology's core principles are robust, particularly for document and data verification applications, its association with high power consumption, criminal activities, and trust issues has hindered widespread enterprise adoption. This shift is leading to a more proactive approach to cybersecurity management.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Data Protection Report

JUNE 14, 2022

The federal Personal Information Protection and Electronic Documents Act ( PIPEDA ) requires organizations to keep a record of all breaches involving personal information. Legal Obligations. Private-sector privacy statutes have varying obligations regarding maintaining records of privacy incidents. Procedural Considerations.

Privacy 52

Privacy Data breaches Compliance Financial Services 52

Data Matters

APRIL 20, 2021

A formal vendor selection program that maintains records of vendors’ responses to the questions would further strengthen the program’s maturity and the plan sponsor’s ability to demonstrate compliance with the Cybersecurity Guidance. Obligations of Service Providers Responsible for Plan-Related IT Systems and Data.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Data Protection Report

FEBRUARY 8, 2018

February 15, 2018, is quickly approaching and any entity subject to New York’s cybersecurity regulation (23 NYCRR Part 500) must file its first annual certification of compliance with the New York State Department of Financial Services (DFS) by that date. The certificate is to be submitted electronically at the DFS Web Portal.

Cybersecurity 40

Cybersecurity Financial Services Compliance Insurance 40

erwin

JULY 11, 2019

For instance, millennials are adept at using digital channels, and they are the fastest-growing customer base for financial services companies. This analysis also needs to span multiple departments, extending beyond business and process architecture to IT, compliance and even HR and legal. Supporting and reference documentation.

Digital transformation 106

Digital transformation Information capture Compliance Financial Services 106