IT Governance

NOVEMBER 23, 2023

The public data set on the ICO (Information Commissioner’s Office) website shows that data security isn’t necessarily better for financial organisations. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million (about £4.70

Risk 104

Risk Data breaches Authentication Financial Services 104

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. Preventing data breaches. Monitoring software is therefore essential to ensure that data breaches are spotted promptly and to give your organisation the opportunity to respond.

Compliance 119

Compliance Data breaches Privacy Risk 119

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. In this post we discuss the operational advantages of a good privacy breach record-keeping program. Risk management and mitigation.

Compliance 137

Compliance Privacy Risk Financial Services 137

Rocket Software

AUGUST 17, 2020

For some sectors, like finance, security and data protection are top of mind for everything that is done. Financial services organizations typically experience the most data breaches and hacks, which makes security a priority. Patient data is highly sensitive and confidential. But what about healthcare?

Authentication 52

Authentication Financial Services Passwords Insurance 52

IBM Big Data Hub

JANUARY 15, 2024

For example, generative AI as a prompt engine will improve efficiency by dramatically reducing the time humans take to create outlines, come up with ideas and learn important information. For example, applied ML will help organizations that depend on the supply chain engage in better decision making, in real time.

Digital transformation 75

Digital transformation Customer Experience Artificial Intelligence IoT 75

erwin

APRIL 11, 2019

In fact, organizations should expect increasing pressure on lawmakers to introduce new data protection regulations. A number of high-profile data breaches and scandals have increased public awareness of the issue. For example, many retailers have robust, data-driven e-commerce operations that are international.

GDPR 100

GDPR e-Discovery Compliance Metadata 100

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

As an example, the math behind the cryptographic technology today takes many years to crack, making it sufficient to protect our technology today. Otherwise, there is a very high risk of organizational wide downtime or data breaches. Don’t delay – begin to get ready for PQC today.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,

Privacy 84

Privacy GDPR Data breaches Risk 84

Security Affairs

APRIL 6, 2023

Data leak affected QBANK, Defence Bank, Bloom Money, Admiral Money, MA Money, and Reed. Using leaked data, threat actors could potentially breach banks’ backend infrastructure and consequently the infrastructure of their clients. Cybernews contacted OCR Labs, and the company fixed the issue.

IT 93

IT Financial Services Access Risk 93

Armstrong Archives

DECEMBER 18, 2023

Here are some examples: Ensure Business continuity: Proper document storage ensures that important records are accessible when needed. These might include legal documents, financial records, or client information. This can seriously harm your company’s reputation and lead to financial losses.

Archiving 52

Archiving Paper Records Management Compliance 52

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,

Privacy 52

Privacy GDPR Data breaches Risk 52

Data Matters

JANUARY 2, 2018

This past year was marked by ever more significant data breaches, growing cybersecurity regulatory requirements at the state and federal levels and continued challenges in harmonizing international privacy and cybersecurity regulations. Data breach litigation risks. Federal Data Breach Legislation.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

Thales Cloud Protection & Licensing

JANUARY 26, 2021

As reported in the UK Finance “Fraud: The Facts” 2020 report, the theft of personal and financial data through data breaches was a major contributor to fraud losses in 2019. The stolen data is used both to commit fraud directly and indirectly. Data security. Data Breach. Encryption.

Security 143

Security Retail Authentication Big data 143

Security Affairs

APRIL 20, 2023

During the recent investigation, the Cybernews research team discovered that the bank leaked the sensitive data due to the misconfiguration of their systems. Screenshot of leaked filled-in KYC form According to researchers, threat actors could use leaked data to commit identity theft and fraud. million files belonging to ICICI Bank.

Personal data 98

Personal data Phishing Risk Financial Services 98

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 52

Financial Services Communications Compliance Risk 52

Thales Cloud Protection & Licensing

NOVEMBER 16, 2020

For example, data sprawl has significantly increased due to all of the new patient data that has been created during the pandemic. This new model of hyper-distributed data creates a much broader attack surface than existed before. More importantly, half of that cloud data is sensitive. of total budget.

Digital transformation 62

Digital transformation Encryption Cloud Data breaches 62

Data Matters

AUGUST 5, 2019

On July 25, 2019, Governor Cuomo signed the two bills into law, one which amended the state’s data breach notification law, and another that created additional obligations for data breaches at credit reporting agencies. The Identity Theft Prevention and Mitigation Services Act. codified at N.Y.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

HL Chronicle of Data Protection

DECEMBER 7, 2018

This blog post provides background on the scope of the exemption and an overview of key considerations for financial institutions developing CCPA compliance programs. The financial services industry is one of the most heavily regulated industries when it comes to protecting the privacy of personal information. Background.

Privacy 40

Privacy Financial Services Compliance Data breaches 40

HL Chronicle of Data Protection

MAY 13, 2019

Major data breaches in recent years are spurring state legislators and regulators across the US into action. The NYDFS Cybersecurity Regulation requires covered entities – banks, insurance companies, and other financial services institutions – to implement a wide range of practices to manage cybersecurity risk.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Data Protection Report

OCTOBER 1, 2019

New York will exclude from “private information” any encrypted data elements or “combination of personal information plus data elements”—as long as the encryption key has not been acquired by the unauthorized person. New York’s new law contains similar examples of technical and physical safeguards. 1798.150.

Security 40

Security Financial Services Passwords Risk 40

Data Matters

SEPTEMBER 24, 2019

The GDPR was designed to harmonize data protection laws across Europe and to protect EU residents’ data privacy rights; and, its coming triggered significant privacy and data protection compliance activities amongst organizations doing business in the EU and working with the personal data of EU residents.

Personal data 68

Personal data GDPR Data Privacy Privacy 68

ARMA International

AUGUST 2, 2019

with Equifax in connection with a 2017 data breach that exposed sensitive, personal data of around 147 million people. According to the FTC’s press release, the data breach included “names and dates of birth, Social Security numbers, physical addresses, and other personal information that could lead to identity theft and fraud.”

Cloud 41

Cloud Data breaches Encryption Access 41

ARMA International

APRIL 18, 2022

For instance, Canada has a data protection law 3 and is currently considering a new data protection law that places even more restrictions on the retention and use of personal data than the GDPR 4. The United States does not have a Federal data protection law that protects all consumers.

Personal data 100

Personal data GDPR Privacy Records Management 100

Data Matters

FEBRUARY 12, 2019

Several industry-focused speakers, on the other hand, urged that the definition be refined to reflect what they saw as the technological and practical constraints of data identification. For example, a company might track a user’s web browsing to facilitate online advertisements, but not link the data to a specific consumer.

Sales 74

Sales Privacy Data Privacy Compliance 74

Data Matters

FEBRUARY 28, 2019

For example, in both sectors, not all firms had considered the risk that attacks may be motivated by attempts to commit market abuse. For one, many had defined the threat landscape too narrowly.

Cybersecurity 68

Cybersecurity Risk Marketing Financial Services 68

Information is Currency

DECEMBER 1, 2017

The challenge isn’t just managing electronic records, but non-records, content and other data as all information needs to be governed because all information provides risk because of many factors such as e-discovery, data breaches and so much more.

Records Management 40

Records Management Artificial Intelligence e-Delivery Computer and Electronics 40

Cyber Info Veritas

JULY 19, 2018

Did you know that 63% of all data breaches are directly or indirectly linked to third party companies? This article will focus on some strategies that organizations should consider implementing in order to mitigate their cybersecurity risk as far as third-party service providers are concerned.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

eSecurity Planet

SEPTEMBER 10, 2021

According to IDC’s 2021 State of Cloud Security Report , 79 percent of surveyed companies reported a cloud data breach in the last 18 months. Public cloud infrastructure as a service (IaaS) may be less vulnerable than traditional data centers, but that doesn’t mean it’s without its own set of risks.

Cloud 102

Cloud Security Encryption Risk 102

KnowBe4

JUNE 20, 2023

1 Root Cause of Data Breaches Verizon's DBIR always has a lot of information to unpack, so I'll continue my review by covering how stolen credentials play a role in attacks. So, what does the report say about the most common threat actions that are involved in data breaches? US officials have confirmed this news.

Data breaches 73

Data breaches Phishing Security awareness Ransomware 73

Troy Hunt

FEBRUARY 26, 2018

tl;dr - a collection of nearly 3k alleged data breaches has appeared with a bunch of data already proven legitimate from previous incidents, but also tens of millions of addresses that haven't been seen in HIBP before. It's also interesting because among nearly 3k other breaches, the data contains Dropbox.

Data breaches 88

Data breaches Passwords Cleanup File names 88

Adam Levin

NOVEMBER 17, 2020

Never use duplicate usernames or passwords across any of your online accounts to limit your exposure in case of a data breach. You can also have packages held at your local post office or, for example, stored in an Amazon Hub Locker. Vary login credentials across accounts. Change passwords repeatedly. Forgo fake coupons.

Retail 97

Retail e-Delivery Passwords Phishing 97

DLA Piper Privacy Matters

APRIL 2, 2020

Where appropriate, employers may consider providing specific examples to illustrate how to spot malicious messages or engaging a security firm to send test phishing messages. Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

Hunton Privacy

OCTOBER 17, 2012

The earlier discussions focused on a general data protection law that would provide a commonly accepted paradigm for the protection of personal data, but would leave more detailed rulemaking to sector-specific efforts by industry regulatory agencies.

Personal data 45

Personal data Financial Services Data Privacy Data breaches 45

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 128

Financial Services Passwords Data breaches Authentication 128

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Like other competitive GRC solutions, it speeds the process of aggregating and mining data, building reports, and managing files. See our in-depth look at RSA Archer.

Compliance 67

Compliance Risk Government Retail 67

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Like other competitive GRC solutions, it speeds the process of aggregating and mining data, building reports, and managing files. See our in-depth look at RSA Archer.

Compliance 57

Compliance Risk Government Retail 57

The Last Watchdog

OCTOBER 29, 2019

Related: The case for a microservices firewall Netflix and Airbnb are prime examples of companies moving to single-page applications, or SPAs , in order to make their browser webpages as responsive as their mobile apps. Data breach disclosure laws in effect across 47 U.S. It just keeps happening over and over again,” he says.

Digital transformation 104

Digital transformation Data breaches Cloud Mining 104