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

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

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

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. The Framework. 1 See W.B.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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 89

Compliance Cybersecurity Risk Encryption 89

IBM Big Data Hub

SEPTEMBER 27, 2022

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. Data and insights belong to their creator. IBM clients’ data is their data, and their insights are their insights.

Government 52

Government Compliance Data science Financial Services 52

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

Security Affairs

MAY 24, 2023

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement.

Government 89

Government Military Financial Services IT 89

Reltio

SEPTEMBER 24, 2019

Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. Kate Tickner, Reltio.

Government 55

Government Digital transformation Big data IT 55

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 73

Cloud Financial Services Compliance Digital transformation 73

IT Governance

APRIL 11, 2019

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). Organisations need to make staff awareness training a board-level priority. Staff awareness training is a crucial part of this. Recruit champions.

Retail 66

Retail Risk Education Financial Services 66

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

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

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.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

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

IT Governance

OCTOBER 13, 2023

So, as ever, this blog series examines recent phishing campaigns and the tactics criminals use to trick people into compromising their data. These phishing emails have reached the inboxes of users in multiple industries, including finance, manufacturing, financial services, energy, construction and healthcare.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

The advent of quantum-safe cryptography is essential to protect sensitive data against the superior capabilities of quantum computers. This development model enables enterprises to conduct model training and processing directly at the edge or on-premises. The implications for business are profound. Gartner has recognized this shift.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

IBM Big Data Hub

JUNE 26, 2023

Possibilities are growing that include assisting in writing articles, essays or emails; accessing summarized research; generating and brainstorming ideas; dynamic search with personalized recommendations for retail and travel; and explaining complicated topics for education and training. What is generative AI? What is watsonx.governance?

Retail 74

Retail Compliance Risk Education 74

Security Affairs

MARCH 19, 2022

. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the Financial Services, Critical Manufacturing, and Government Facilities sectors. Consider installing and using a VPN.

Ransomware 105

Ransomware Passwords Encryption Financial Services 105

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. Third-party governance. Like other competitive GRC solutions, it speeds the process of aggregating and mining data, building reports, and managing files.

Compliance 57

Compliance Risk Government Retail 57

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud is also forcing a significant rethinking of how to secure and protect data and assets. Confidential computing is an emerging foundational capability that enables the protection of data-in-use. This unique capability is designed for workloads that have strong data sovereignty, regulatory or data privacy requirements.

Security 80

Security Cloud Data Privacy Financial Services 80

Data Protection Report

DECEMBER 23, 2019

The most significant action came in October, when the Berlin Commissioner for Data Protection and Freedom of Information issued a €14.5million fine against German real estate company, Deutsche Wohnen SE, relating to the excessive retention of personal data. How should businesses change their attitudes towards data retention?

Privacy 144

Privacy Compliance Personal data Risk 144

DLA Piper Privacy Matters

AUGUST 23, 2021

Rather than bringing substantial changes to the existing China data privacy framework, the PIPL helpfully consolidates and clarifies obligations on processing of personal information at a national law level. To be clear, this is not China’s own GDPR.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

eSecurity Planet

FEBRUARY 11, 2022

As data and IT infrastructure become more valuable by the day, cybersecurity risk management is increasingly important for enterprises with a steep cost for noncompliance or extensive, unaddressed vulnerabilities. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Mapping Environment Data.

Risk 144

Risk Cybersecurity Encryption Access 144

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. For a purchaser, records of privacy incidents provide valuable information about the vendor’s privacy governance structure. Risk management and mitigation.

Compliance 137

Compliance Privacy Risk Financial Services 137

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. One might assume top-tier financial services firms and healthcare vendors would have solved third-party cyber exposures by now. Uphill battle.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

IBM Big Data Hub

MARCH 27, 2024

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. Their state governments must order electricity for their citizens in advance, and they used to predict demand manually by using spreadsheets.

Risk 70

Risk Artificial Intelligence Agriculture Financial Services 70

Collibra

MARCH 23, 2021

ATB Financial provides a diversified set of financial services to more than 770,000 residents of Alberta, Canada. Being a regionally focused institution, the group is dedicated to knowing its customers intimately, understanding their needs and providing products and services that help them achieve their goals.

Cloud 59

Cloud Government Access Metadata 59

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Ransomware. Crimeware and spyware.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Data Matters

JUNE 24, 2021

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. The Order alleges that this vulnerability exposed over 800 million images dating back to 2003, including sensitive personal data, such as Social Security numbers and financial information.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Data Protection Report

NOVEMBER 16, 2022

BIPA exempts certain types of entities, namely, organizations that are governed by certain federal laws including the X-Ray Retention Act, the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and the Gramm-Leach-Bliley Act (“GLBA”). Who is covered by BIPA? 740 ILCS 14/25(b)-(c). DePaul University , Case No.

Financial Services 98

Financial Services Privacy Compliance Insurance 98

AIIM

MARCH 3, 2020

Too often I hear one of two, equally bad answers: Keep Records for Seven years: This seems to be the de facto answer, especially for financial services records. Internal Revenue Service rules around when they can audit individual and corporate tax returns. BIG DATA!!! As near as I can tell, this comes from the U.S.

Records Management 161

Records Management Financial Services Big data Analytics 161

Ascent Innovations

MAY 17, 2018

State Attackers Moving from Stealing Data to Social Meddling. State-sponsored attacks are expanding from cyber-physical (compromise data or critical infrastructure), to cyber-social (influence the opinions and actions of people). State actors tend to zero in on government agencies or utilities and energy targets. New bad actors.

Energy and Utilities 40

Energy and Utilities IoT Mining Financial Services 40

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 Stop Hacks and Improve Electronic Data Security Act.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Security Affairs

JUNE 20, 2020

Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals. The tech giant removed over 100 Chrome browser extensions from the official Web Store.

Healthcare 122

Healthcare Financial Services Communications Security 122

eSecurity Planet

SEPTEMBER 10, 2021

For many organizations, the idea of storing data or running applications on infrastructure that they do not manage directly seems inherently insecure. 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.

Cloud 130

Cloud Security Encryption Risk 130