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Toyota Financial Services discloses a data breach

Security Affairs

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

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Medusa ransomware gang claims the hack of Toyota Financial Services

Security Affairs

Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. Toyota Financial Services confirmed the discovery of unauthorized activity on systems in a limited number of its locations. The company has yet to disclose a data breach.

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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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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

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ICICI Bank exposed credit card data of 17000 customers

Security Affairs

ICICI Bank, a major private bank in India, mistakenly exposed the sensitive data of thousands of new credit cards to unintended recipients. ICICI Bank, one of the leading private banks in India, accidentally exposed data of thousands of new credit cards to customers who were not the intended recipients.

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NY Investigates Exposure of 885 Million Mortgage Documents

Krebs on Security

That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful. No authentication was needed to access the digitized records.

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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. These revisions represent the most significant modifications since the enactment of the rules in March 2017.