Data Protection Report

NOVEMBER 8, 2023

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.

Financial Services 109

Financial Services Cybersecurity Compliance Government 109

Krebs on Security

MAY 31, 2019

On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records.

Financial Services 203

Financial Services Insurance Sales Authentication 203

Data Breach Today

MAY 1, 2020

Top Victims Include Financial Services and Law Firms, Group-IB Warns A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB.

Phishing 332

Phishing Financial Services Security 332

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

Armstrong Archives

DECEMBER 18, 2023

This reality has made data security increasingly important, requiring a sea change in the way companies handle their documents. We have decades of experience in the safe storage, scanning, and shredding of our clients’ important documents. What paperwork do I need to keep: How do you know which documents to keep or shred?

Archiving 52

Archiving Paper Records Management Compliance 52

Security Affairs

MARCH 17, 2020

Security experts from vpnMentor have discovered two corporate finance companies that leak half a million legal and financial documents online. vpnMentor experts uncovered a database exposed online on Amazon Web Services (AWS) that is leaking a huge amount of sensitive legal and financial documents.

Financial Services 109

Financial Services Access Privacy Security 109

Data Breach Today

JULY 23, 2020

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

Insurance 231

Insurance Financial Services Personal data Cybersecurity 231

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. The list goes on.

Risk 200

Risk IT Financial Services Cybersecurity 200

AIIM

OCTOBER 22, 2019

Also known as “capture,” this capability is characterized by the ability to scan paper documents to store and use them in digital form instead of paper. First developed over 30 years ago, capture systems have evolved from simple solutions for basic scanning into sophisticated and expensive systems for enterprise-wide document automation.

Paper 90

Paper Computer and Electronics Access ECM 90

The Last Watchdog

MARCH 13, 2019

Melissa was hidden in a weaponized Word document that arrived as an email attachment. This gives you an idea of the steady flow of weaponized email attacks against companies of all sizes and in all sectors, with certain verticals, namely financial services, healthcare companies and tech firms bearing the brunt.

Systems administration 100

Systems administration Financial Services Insurance Security 100

Krebs on Security

JULY 23, 2020

The documents were available without authentication to anyone with a Web browser. According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. .

Insurance 284

Insurance Financial Services Mining Access 284

Info Source

FEBRUARY 2, 2021

LOUIS, MO., — February 2, 2021 — KnowledgeLake today announced growth figures for 2020 that highlight the rapid adoption of its cloud-native platform for intelligent document processing that gives organizations control of the entire document lifecycle and the ability to capture, process, and manage almost any document. .

Cloud 59

Cloud ECM Financial Services Manufacturing 59

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. First American Financial Corp.

Insurance 265

Insurance Risk Financial Services Mining 265

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 109

Cybersecurity Financial Services Compliance Encryption 109

Data Protection Report

MARCH 1, 2021

On March 3, 2021, the New York Department of Financial Services (NYDFS) announced a Consent Order with a NYDFS-licensed Maine-based mortgage banker and loan servicer settling alleged violations of the NYDFS cybersecurity regulations. ( In the matter of Residential Mortgage Services, Inc., March 3, 2021).

Cybersecurity 98

Cybersecurity Financial Services Risk IT 98

Security Affairs

SEPTEMBER 5, 2021

The bank was hit by AVOS Locker Ransomware operators who claim to have stolen sensitive documents from the financial institution. “Pacific City Bank provides outstanding banking and financial services for businesses and consumers. . Attached are some of the documents that were exfiltrated.”

Ransomware 114

Ransomware Financial Services Archiving Security 114

Info Source

JUNE 23, 2020

DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.

Paper 52

Paper Retail Access Financial Services 52

Info Source

JUNE 23, 2020

DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.

Paper 52

Paper Retail Access Financial Services 52

Data Protection Report

APRIL 23, 2024

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. cybersecurity, financial stability, interconnectedness, data concerns or market integrity).

Financial Services 40

Financial Services IT Marketing Retail 40

AIIM

AUGUST 11, 2020

You'll hear about Crawford Technologies and how they helped a financial services company design, implement, and issue documents in accessible PDF format to their blind, partially sighted, and cognitively disabled customers. Also on the episode, Kevin explores an AIIM Member Case Study.

Financial Services 172

Financial Services Access 172

Security Affairs

DECEMBER 22, 2023

The company refused to pay the ransom and the ransomware gang threatened to leak the alleged stolen documents, including project data, clients’ and partners’ info, and NDAs. The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident.

Ransomware 120

Ransomware Data breaches Financial Services Archiving 120

Info Source

OCTOBER 7, 2020

This strategic alignment will help customers increase productivity, efficiency and accuracy by unlocking enterprise data in documents with digital transformation initiatives. Offering businesses the ability to easily unlock their data with an intelligent document processing solution will help further our goals.”. About Ephesoft.

Digital transformation 40

Digital transformation Manufacturing Customer Experience Financial Services 40

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? Don’t wait.

Financial Services 96

Financial Services Cloud Metadata Digital transformation 96

Security Affairs

MARCH 28, 2023

Australian loan giant Latitude Financial Services (Latitude) revealed that a data breach its has suffered impacted 14 million customers. The data breach suffered by Latitude Financial Services (Latitude) is much more serious than initially estimated. ” said Latitude Financial CEO Ahmed Fahour.

Data breaches 87

Data breaches Financial Services Passwords Risk 87

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. The new version includes many updates, which you can read in the Summary of Changes document. million, second only to healthcare.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

OpenText Information Management

NOVEMBER 29, 2023

Whether an organization offers financial services, healthcare, or operates in the … The post Navigating the landscape of digital accessibility appeared first on OpenText Blogs.

Access 58

Access Financial Services Customer Experience Communications 58

Krebs on Security

JANUARY 25, 2022

The reader who shared this story (and copious documentation to go with it) asked to have his real name omitted to avoid encouraging further attacks against his identity. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. So we’ll just call him “Jim.”

Financial Services 209

Financial Services IT Data breaches Authentication 209

Info Source

FEBRUARY 12, 2024

While we forecast positive growth for many segments and territories across Africa, it is the performance of the South African market that casts a shadow across the continent’s document capture and printing markets. Eskom’s continued woes, with no end in sight for load shedding, continue to dampen the growth of South Africa’s economy.

Financial Services 40

Financial Services Marketing Digital transformation Sales 40

The Last Watchdog

JULY 11, 2023

This includes scanning all materials, such as investor onboarding documents and communication. He has over 25 years of global leadership experience within the financial services industry, having spearheaded development across Electronic Trading, OMS, Risk, Compliance and Data. Implement strong data encryption.

IT 161

IT Encryption Risk Financial Services 161

AIIM

MAY 6, 2020

This will predominantly be documents with a structure such as forms, orders, invoices, delivery dockets, and vouchers. The steps for capture-to-process include: Recognize and extract useful data from the document or form. These important hidden benefits include: Improved searchability of business documents.

Paper 144

Paper Digital transformation Financial Services Records Management 144

Krebs on Security

MAY 19, 2021

Many online services allow users to reset their passwords by clicking a link sent via SMS, and this unfortunately widespread practice has turned mobile phone numbers into de facto identity documents. Which means losing control over one thanks to a divorce, job termination or financial crisis can be devastating.

Authentication 339

Authentication Passwords Financial Services Risk 339

Security Affairs

AUGUST 31, 2021

The operators behind LockFile ransomware encrypt alternate blocks of 16 bytes in a document to evade detection. Instead, LockFile encrypts every other 16 bytes of a document. This means that a file such as a text document remains partially readable and looks statistically like the original. LOCKFILE-README-[hostname]-[id].hta’)

Encryption 102

Encryption Ransomware Financial Services Manufacturing 102

Krebs on Security

SEPTEMBER 11, 2019

The company that handled that process for MyPayrollHR is a California firm called Cachet Financial Services. On Monday, New York Governor Andrew Cuomo called on the state’s Department of Financial Services to investigate the company’s “sudden and disturbing shutdown.”

Financial Services 279

Financial Services Cloud Insurance IT 279

Info Source

DECEMBER 9, 2019

Ephesoft’s document classification module of patented machine learning algorithms helps ease the bank sales staff’s workload. The software is able to bulk-scan the supporting documents, and re-categorize them within the Alliance Origination System, the bank’s proprietary credit automation. “We

Customer Experience 52

Customer Experience Financial Services Digital transformation Sales 52

AIIM

MARCH 19, 2019

Knowledge and documentation metadata? Join us for a free webinar on Wednesday, March 20th at 2pm as Leading Financial Services Analyst, Norman Wren, walks through a case study to show how his company leveraged smart technology to take back control of their data and improve customer experience. Is your data an asset?

Customer Experience 108

Customer Experience Metadata Financial Services IT 108

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. As near as I can tell, this comes from the U.S.

Records Management 162

Records Management Financial Services Big data Analytics 162

Hunton Privacy

JUNE 9, 2022

Licensees are wholly exempt from the law if they are compliant with the New York Department of Financial Services Cybersecurity Requirements for Financial Services Companies (23 NYCRR §§ 500.0 to 500.23) and they submit a written statement to the Commissioner certifying such compliance.

Insurance 107

Insurance Security Information Security Cybersecurity 107