IBM Big Data Hub

FEBRUARY 22, 2024

While AI can undoubtedly offer a competitive edge to organizations that effectively leverage its capabilities, we have seen unique concerns from industry to industry and region to region that must be considered—particularly around data.

Cloud 78

Cloud Computer and Electronics Compliance Financial Services 78

IBM Big Data Hub

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

Cloud 79

Cloud Financial Services Compliance Risk 79

eSecurity Planet

AUGUST 22, 2023

With the ever-present threat of data breaches, organizations need to adopt best practices to help prevent breaches and to respond to them when they occur to limit any damage. And breaches will occur – because bad guys make a living by figuring out ways to circumvent security best practices. But it requires different levels of security.

Data breaches 75

Data breaches Big data Cybersecurity Security 75

The Last Watchdog

DECEMBER 21, 2021

Some 11,800 computer software companies, 10,000 IT services vendors, 5,500 health care organizations and 3,200 financial services firms continue to maintain on-premises Exchange email servers, according to this report from Enlyft. Installing any critical security patches in a timely manner. Power source fails.

Cloud 195

Cloud Financial Services Communications Ransomware 195

Collibra

APRIL 16, 2024

Together with our partners, we offer fully integrated solutions that allow all data citizens across an organization to derive value from their data. Each one of these awards honors a partner who truly demonstrates what it means to make data meaningful and be a data intelligence champion.

Cloud 52

Cloud Government Financial Services Retail 52

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 68

Cloud Financial Services Compliance Digital transformation 68

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud has become the dominant approach for enterprise cloud strategies , but it comes with complexity and concerns over integration, security and skills. Hybrid cloud is also forcing a significant rethinking of how to secure and protect data and assets.

Security 76

Security Cloud Data Privacy Financial Services 76

IBM Big Data Hub

APRIL 5, 2024

For example, HPC offers high levels of computational power and scalability, crucial for running performance-intensive workloads. As an integrated solution across critical components of computing, network, storage and security, the platform aims to assist enterprises in addressing regulatory and efficiency demands.

Artificial Intelligence 69

Artificial Intelligence Computer and Electronics Financial Services Manufacturing 69

IBM Big Data Hub

SEPTEMBER 18, 2023

This is just one of many examples that show how the payments space has evolved. Through this period of rapid transformation, financial institutions must also deliver frictionless experiences to help maintain long-lasting client relationships and gain new market share.

Customer Experience 75

Customer Experience Financial Services Cloud Compliance 75

Data Protection Report

APRIL 23, 2024

The speech: key points As part of his speech, Mr Rathi explained that the FCA plans to examine how Big Tech firms’ unique access to large sets of data could unlock better products, more competitive prices and wider choice for consumers and businesses. The FCA also sets out its next steps.

Financial Services 44

Financial Services IT Marketing Retail 44

Collibra

FEBRUARY 11, 2020

Seizing an opportunity to improve data relationships with third parties. Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk.

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. The service determines whether an application is malicious or suspicious and, if so, will block it from making changes to any files in a protected folder. The post U.S.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Data breaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. This finding not only underscores the vulnerability of the retail sector but also accentuates the financial repercussions of such breaches. This is a critical lesson for retailers.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Thales Cloud Protection & Licensing

JANUARY 26, 2021

The Future of Payments Security. As the infrastructure changes, the adversaries change along with it to take the easiest path to data. 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.

Security 143

Security Retail Authentication Big data 143

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Compliance madhav Tue, 09/19/2023 - 05:17 It is essential for any business that stores, processes, and transmits payment card information to comply with the Payment Card Industry Data Security Standard (PCI DSS). Consumers’ payment data is a compelling target for criminals who continue to circumvent IT security defenses.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

IBM Big Data Hub

AUGUST 17, 2023

The executive order from the President of the United States, “ Responsible Development of Digital Assets ,” is one example of the public acknowledgment for the need for prudent development of such assets. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto.

Blockchain 74

Blockchain Financial Services Risk Authentication 74

Data Matters

APRIL 11, 2022

The concept of “important data” is a cornerstone of China’s data regulatory regime. The Cyber Security Law (2017) (the CSL ) prohibits operators of critical information infrastructures ( CIIs ) from transferring their “important data” and personal information outside of China. Then, what are “important data”?

Military 88

Military Artificial Intelligence Security Financial Services 88

eSecurity Planet

FEBRUARY 26, 2024

They’re particularly dangerous because it’s difficult for security or development teams to see an XSS vulnerability, and it’s also hard to see the effects of an attack until the ensuing breach is well underway. The new malicious code is designed to steal data — like cookies or credentials — from that web application.

Risk 91

Risk Financial Services Security Libraries 91

The Last Watchdog

SEPTEMBER 21, 2018

It’s rise in popularity has helped drive a new trend for start-ups to go “Cloud Native,” erecting their entire infrastructure, from the ground up, leveraging cloud services like Amazon Web Services, Microsoft Azure and Google Cloud. Security burden. Rising API exposures are another big security concern, by the way.

Cloud 152

Cloud Security Mining Financial Services 152

IT Governance

OCTOBER 13, 2023

October is both Cybersecurity Awareness Month in the US and European Cyber Security Month in the EU – twin campaigns on either side of the Atlantic that aim to improve awareness of the importance of cyber security both at work and at home, and provide tips on how to stay secure.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

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. M&A and Securities law. 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

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. Among the leaked data, researchers found Google and Liveness API keys.

IT 92

IT Financial Services Access Risk 92

erwin

APRIL 11, 2019

Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. A number of high-profile data breaches and scandals have increased public awareness of the issue.

GDPR 100

GDPR e-Discovery Compliance Metadata 100

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. 45 CFR 164.308(a)(5)(i).

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Krebs on Security

APRIL 28, 2020

But you probably didn’t know that these fraudsters also can use caller ID spoofing to trick your bank into giving up information about recent transactions on your account — data that can then be abused to make their phone scams more believable and expose you to additional forms of identity theft. Click to enlarge.

Financial Services 355

Financial Services Sales Authentication Risk 355

eSecurity Planet

SEPTEMBER 10, 2021

From the very beginning of the cloud computing era, security has been the biggest concern among enterprises considering the public cloud. For many organizations, the idea of storing data or running applications on infrastructure that they do not manage directly seems inherently insecure. What is cloud security?

Cloud 102

Cloud Security Encryption Risk 102

Security Affairs

APRIL 20, 2023

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. A misconfiguration of the bank systems exposed millions of records with sensitive data. A misconfiguration of the bank systems exposed millions of records with sensitive data.

Personal data 98

Personal data Phishing Risk Financial Services 98

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Ensuring end-to-end Protection To achieve total data privacy assurance, a key component is confidential computing and cryptography.

Encryption 72

Encryption Data Privacy Compliance Cloud 72

IBM Big Data Hub

MARCH 27, 2024

In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity. In some business sectors, such as financial services, fast-moving consumer goods and healthcare, business interruptions can have a significant detrimental impact on daily life.

Risk 65

Risk Artificial Intelligence Agriculture Financial Services 65

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

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 117

Digital transformation Compliance Risk Security 117

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. Despite this imminent threat, the most important reason for organizations to act immediately is that many data centers are not able to easily pivot their cryptography.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. 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.

Authentication 52

Authentication Financial Services Passwords Insurance 52

Krebs on Security

NOVEMBER 16, 2022

For example, one domain the gang has used since March 2022 is ushank[.]com financial services firm Ameriprise uses the domain ameriprise.com; the Disneyland Team’s domain for Ameriprise customers is [link] [brackets added to defang the domain], which displays in the browser URL bar as ? Bank customers.

Phishing 257

Phishing Authentication Financial Services Access 257

The Last Watchdog

MARCH 26, 2019

Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.

Security 105

Security Digital transformation Financial Services Risk 105

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 50

Digital transformation Financial Services Cloud Customer Experience 50

IT Governance

NOVEMBER 23, 2023

The financial sector is quite heavily regulated, and involves a lot of confidential data. You’d therefore expect that the sector fares better at data security than your average organisation. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector.

Risk 104

Risk Data breaches Authentication Financial Services 104