IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 67

Risk Artificial Intelligence Agriculture Financial Services 67

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Penetration Testing, Vulnerability Assessments and Risk Assessments. Cybersecurity Governance. Cybersecurity Plan.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. Embracing an industry framework for security and compliance IBM Cloud Object Storage is a cloud service for storing large volumes of data.

Cloud 86

Cloud Financial Services Security Compliance 86

IBM Big Data Hub

OCTOBER 4, 2022

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Furthermore, 59% of executives claim AI can improve the use of big data in their organizations, facts about artificial intelligence show. (

Government 102

Government Artificial Intelligence Metadata Data science 102

IBM Big Data Hub

SEPTEMBER 20, 2023

When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services. AI’s value is not limited to advances in industry and consumer products alone.

Government 109

Government Artificial Intelligence Privacy Digital transformation 109

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 127

Risk Cybersecurity Encryption Access 127

Data Protection Report

SEPTEMBER 28, 2021

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. The context here is enabling innovative data use involving data sharing by different controllers, rather than clarification. The deadline for responding to the consultation is 19 November 2021.

Government 120

Government FOIA GDPR Compliance 120

Schneier on Security

JANUARY 31, 2024

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. Beyond these economic effects, the rules have important data security benefits.

Financial Services 101

Financial Services Privacy Personal data Marketing 101

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Similarly, in the U.S. Similarly, in the U.S.

Cloud 80

Cloud Financial Services Risk Business Services 80

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

IBM Big Data Hub

JUNE 7, 2022

Governments and regulatory bodies around the world are working to establish safety standards. The proposed rules aim to govern automated valuation models to protect borrowers. The announcement highlighted the crucial role of training data, and the terrible consequences of using data that “fails to represent American society.”.

Government 52

Government Financial Services Compliance Cloud 52

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Security Affairs

JUNE 20, 2023

Data-centric distributed resilience (DDR) offers a compelling approach to addressing data sovereignty in cybersecurity. As much of our modern life relies upon the cloud, the question of data protection is front of mind for many organizations. Data sovereignty plays a crucial role in a robust security strategy.

Compliance 80

Compliance Cybersecurity Risk Encryption 80

Collibra

AUGUST 14, 2023

As we speed into a new AI era, there’s a critical element that’s often missing when organizations rush forward in hyper-competitive markets to build scalable, trusted AI programs — and that’s AI governance. An AI governance framework offers a blueprint for how to create successful AI products.

Government 52

Government Risk Financial Services Compliance 52

Collibra

APRIL 11, 2022

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Identify data domains.

Government 52

Government Communications Insurance Customer Experience 52

Collibra

MARCH 11, 2021

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Operating model example.

Government 59

Government Communications Insurance Customer Experience 59

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. PIPL Raises the Bar – And the Stakes.

Data Privacy 142

Data Privacy Compliance Privacy Security 142

The Last Watchdog

JANUARY 30, 2019

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 The culprit: lax practices of a third-party data and analytics contractor. Related: Atrium Health breach highlights third-party risks. Third-party cyber risks are likely to persist at the current scale for a while longer. Uphill battle.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance.

Government 40

Government Financial Services GDPR Data breaches 40

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 110

Cybersecurity Financial Services Compliance Encryption 110

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. This week, the U.S.

Insurance 280

Insurance Risk Financial Services Mining 280

IBM Big Data Hub

DECEMBER 4, 2023

The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. On the surface, this might seem to complicate matters.

Financial Services 95

Financial Services Compliance Risk Business Services 95

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 45

Financial Services IT Marketing Retail 45

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 77

Insurance Artificial Intelligence Risk Compliance 77

Thales Cloud Protection & Licensing

JANUARY 10, 2024

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). However, European organizations need to dive with eyes wide open when transferring personal data to the US under the DPF.

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

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 70

Cloud Financial Services Compliance Digital transformation 70

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. In just a few years, we have helped some of the world’s leading banks transform.

Cloud 80

Cloud Computer and Electronics Compliance Financial Services 80

Security Affairs

MARCH 14, 2022

While the Russia-Ukraine cyber conflict goes on, nation-state actors, crooks, and hacktivists continue to pose critical infrastructure at risk. Critical infrastructure is a privileged target for almost any kind of threat actor, the ongoing Russia-Ukraine cyber conflict is posing them at risk. ” reported researchers from Cyble.

Risk 93

Risk Financial Services Manufacturing Communications 93

Security Affairs

DECEMBER 26, 2023

Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year. Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast.

Energy and Utilities 117

Energy and Utilities Artificial Intelligence Ransomware Data breaches 117

Data Matters

MAY 4, 2022

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”. appeared first on Data Matters Privacy Blog.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

IBM Big Data Hub

AUGUST 17, 2023

Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. Unlike cryptocurrencies like Bitcoin or Ethereum, CBDC is backed by the government and is legal tender.

Blockchain 76

Blockchain Financial Services Risk Authentication 76

IBM Big Data Hub

MAY 9, 2023

Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. While the promise of AI isn’t guaranteed and may not come easy, adoption is no longer a choice. So what is stopping AI adoption today?

Data science 77

Data science Artificial Intelligence Metadata Compliance 77

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. government, especially in light of ongoing tensions between the U.S. First , all of the reports specifically focus on the threat of Russian state-sponsored cyberattacks.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

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

IBM Big Data Hub

MAY 8, 2024

For true transformation to begin, we believe it is key to understand the unique challenges organizations are facing—whether it is keeping data secured, addressing data sovereignty requirements or speeding time to market to satisfy consumers. The security of our client’s data is at the heart of everything we do.

Cloud 68

Cloud Customer Experience Artificial Intelligence Compliance 68

Thales Cloud Protection & Licensing

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. Very Large Online Platforms (VLOPs), such as Facebook, Booking, and LinkedIn, and search engines like Google Search, will face stricter requirements for transparency, risk assessment, and content moderation.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71