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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

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GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks

The Last Watchdog

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. The list goes on.

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Cybersecurity agencies published a joint LockBit ransomware advisory

Security Affairs

According to a joint advisory published by cybersecurity agencies, the LockBit ransomware group has successfully extorted roughly $91 million in about 1,700 attacks against U.S. The group targeted municipal governments, county governments, public higher education and K-12 schools, and emergency services (e.g., law enforcement).

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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. Obtain Cybersecurity Expertise.

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What is Cybersecurity Risk Management?

eSecurity Planet

As data and IT infrastructure become more valuable by the day, cybersecurity risk management is increasingly important for enterprises with a steep cost for noncompliance or extensive, unaddressed vulnerabilities. What is Cybersecurity Risk Management? What IT Assets Need Protection? Maintaining Regulatory Compliance.

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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. The guide also serves as an educational resource on the latest security technologies.

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ICYMI – Late December in privacy and cybersecurity

Data Protection Report

The Colorado revised draft regulations also would require disclosures in the privacy policy if a Controller Processes Personal Information for Profiling that results in the provision or denial of all of these EXCEPT: a. access to essential goods or services; b. credit; c. criminal justice; d. educational enrollment or (..)

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