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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

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China: Navigating China episode 16: New data lifecycle guidelines for financial institutions in China – detailed assessments, additional security measures and some data localisation introduced

DLA Piper Privacy Matters

This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. similar to the PIS Specification, but focused on the banking and financial services industry). Level 1: public data.

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What can AI and generative AI do for governments?

IBM Big Data Hub

Along with healthcare organizations and financial services entities, government and public sector entities must strive to be seen as the most trusted institutions. Robustness: An AI system’s ability to effectively handle exceptional conditions, such as abnormalities in input to guarantee consistent outputs.

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Big California Privacy News: Legislative and Enforcement Updates

Data Matters

As a provider subject to CMIA, mental health apps would be subject to HIPAA-like constraints on their ability to use and share data collected and will have increased litigation exposure, as CMIA includes a private right of action.

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From principles to actions: building a holistic approach to AI governance

IBM Big Data Hub

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. This includes data collection, instrumenting processes and transparent reporting to make needed information available for all the stakeholders.

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California Consumer Privacy Act: The Challenge Ahead – The Interplay Between the CCPA and Financial Institutions

HL Chronicle of Data Protection

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.

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FRANCE: CNIL adopts new single authorization on fraud prevention systems

DLA Piper Privacy Matters

Pursuant to several provisions of the French Code Monétaire et Financier , entities from the banking and financial sector are required to implement processes and strategies to detect, measure and manage operational risks within their group (on a consolidated basis).