New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. The post New York Department of Financial Services Issues First Guidance by a U.S. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers.

Combat the increasing ransomware threat by educating employees

IT Governance

Healthcare was the most affected industry (76%) and financial services the least (45%). Although this creates an opportunity for cybercriminals, it can be addressed through education.”. The survey recommends educating end users, as this will enable them to identify attacks. A recent Sophos survey of 2,700 IT managers in organisations with 100-5,000 employees around the world, revealed that many businesses are not prepared for ransomware attacks.

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Digital Intelligence and the Role of Data in Personalization

Perficient Data & Analytics

We see CXOs – from retail and financial backgrounds – get hired on in healthcare spaces and tasked with digital disruption in Healthcare organizations, and beyond. Learn and understand the education system to hire the right skill set. Welcome to 2019 where things take an interesting turn, or, materialize as predicated for so long.

The Third Modern Data Management Summit: Making Data Work!

Reltio

Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Overall the event provided best in the industry networking opportunity and educational sessions that offered new ways for companies to think about their data in the new digital economy. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

Henrik Liliendahl is an MDM and PIM expert; speaker and blogger ( www.liliendahl.com and [link] ) and the Co-Founder, Chairman and CTO of Product Data Lake a product information exchange service. I was educated in computer engineering but my first job was on the business side. I remember back in the old days if the postcode table changed in your system you used to have to get a new postcode table and put that back into all of your services. Kate Tickner, Reltio.

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The Importance of “Legacy” in Colleges and Universities

Rocket Software

COBOL programming has been around for more than 60 years, and many consider this a “legacy” language, even though it is still used by governments and the financial services sector. And while moving the 220 billion lines of COBOL code that exist to a modern language is technically doable, it makes no sense from a financial or risk perspective. He holds a doctorate in educational psychology, and master’s degrees in business, information systems, and economics.

Linux Foundation expands open source certification program

Information Management Resources

It has seen massive acceptance in almost every sector, including financial services, government, education and even film production. Linux is the largest and most pervasive open source software project in the history of computing. Hardware and software Training Career advancement Online learning

KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Document Imaging Report

In 2020, KnowledgeLake also transitioned to an entirely channel-driven sales strategy, establishing a robust network of channel partners with expertise in implementation and professional services for customers in financial services, manufacturing, government, education, and other key segments. . “

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Netsparker Product Review

eSecurity Planet

Team (up to 50 sites) , perfect for larger organizations with full service vulnerability management needs. Financial Services: ING. Education: Oakland University.

Ransomware infected systems at Xchanging, a DXC subsidiary

Security Affairs

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary. Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insurance industry.

BEST PRACTICES: Mock phishing attacks prep employees to avoid being socially engineered

The Last Watchdog

In 2015, penetration tester Oliver Münchow was asked by a Swiss bank to come up with a better way to test and educate bank employees so that passwords never left the network perimeter. Customers in financial services, energy, government, healthcare and manufacturing sectors are using its testing and training modules. Defending a company network is a dynamic, multi-faceted challenge that continues to rise in complexity, year after year after year.

Experts found a new TrickBot module (rdpScanDll) built for RDP bruteforcing operations

Security Affairs

” The module appears to be under development, but experts pointed out that threat actors already used it to target organizations, mostly in telecoms, education, and financial services sectors. A new variant of the TrickBot malware is targeting telecommunications organizations in the United States and Hong Kong.

Change Management: Enterprise Architecture for Managing Change

erwin

Even industries historically resistant to it, such as financial services and healthcare, are now transforming proactively and at a rapid rate. Documentation & Knowledge Retention: Capture, document and publish information for key business functions to increase employee education and awareness and maintain institutional knowledge, including standard operating procedures.

Report shows increase in social engineering

IT Governance

The report found that about 55% of social media attacks that impersonated customer-support accounts specifically targeted the customers of financial services companies. Organisations need to educate their staff to be alert, vigilant and secure. Proofpoint’s The Human Factor 2018 Report revealed that over the past year, cyber criminals have continued to increase their use of social engineering, building up the number of attacks that rely on human interaction.

Laserfiche Wins Gold in Best in Biz Awards 2017

Document Imaging Report

With customers in nearly every industry including government, education, financial services, manufacturing and health care, Laserfiche offers solutions tailored to organizations’ needs, and the expertise and personalized service that drive customer success. Laserfiche also provides in-person and online training, and educational and support resources such as user groups, workshops and webinars throughout the year.

Innovate Data with Artificial Intelligence (AI) in Healthcare

Perficient Data & Analytics

Artificial intelligence (AI) has established a dominant disruption in transportation, marketing and financial services, among other divisions. As a result, AI will advise what to offer customers, endorse terms to give suppliers, and educate employees on what to say and do in real time according to Forbes.com. AI hinges on the goal of learning and educated diagnosis to provide optimal value.

Data Compliance in a World of Data Privacy Concerns

InfoGoTo

Data compliance concerns may be more nuanced based on the specific industry, such as the financial services sector. An organization can thrive if they continually educate themselves on the regulatory requirements surrounding data as the data compliance world evolves. [1] We live in an age where we have the ability to collect and utilize more data than ever. As the amount of data we’re responsible for increases, so do concerns that we’re handling it properly.

A major cyber attack is a matter of when, not if

IT Governance

A C1 attack is one that might cripple infrastructure such as energy supplies and the financial services sector. Steve Malone, director of security product management at Mimecast, said: “Despite the educational efforts of security companies and government so far, it’s clear that organisations need more support and training fast.”.

Data Citizens of the World, Unite!

Collibra

Speakers will hail from a variety of sectors, including financial services, utilities, telco, technology, retail, healthcare, and universities, providing deeper insights and perspectives on common data challenges shared across industries. DNB, Norway’s largest financial services group , will outline their data journey. Education and community are the main focus of the two days – but it’s also going to be a lot of fun!

List of data breaches and cyber attacks in July 2019 – 2.2 billion records leaked

IT Governance

Department of Health Services email hacked exposing patient data (14,591). Hackers breach SyTech, a contractor for Russia’s national intelligence service (unknown). DNA testing service Vitagene left customer records online for years (3,000). Maryland Department of Education left students’ and teachers’ personal details on unencrypted database (1.6 Tennessee high school students at risk after data breach at Higher Education Commission vendor (unknown).

New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. Evaluate systemic risk , which has grown in part because institutions increasingly rely on third-party vendors which are highly concentrated in key areas like cloud services and managed services providers.

My (somewhat unreliable) data protection predictions for 2017

Data Protector

My professional work this year included acting as a specialist adviser to the Joint Parliamentary Committee on the Draft Investigatory Powers Act, one of the most significant pieces of legislation to be laid before Parliament for many years, to advising large (and some not so large) companies, particularly in the financial services sector, on the steps they should consider taking to show how they comply with their current and their future data protection obligations.

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Top GRC Tools & Software for 2021

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Its features include: Compliance education & management.

Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Its features include: Compliance education & management.

25% increase in confidential data theft

IT Governance

One key contributory factor may be an increase in staff turnover, as employees may take key client and financial information with them when they leave. Organisations across many industries face the risk of data theft, but those in the financial services sector are particularly vulnerable to the loss of “propriety algorithms”, and recruitment agencies and estate agents risk losing highly valuable client databases. Staff education.

Cloud, Intelligent Content Services, and Digital Fragility: What’s on the RIM Horizon for 2020

ARMA International

in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams. File shares, ungoverned SharePoint sites, mobile devices, and the growing volume of content in software-as-a-service (SaaS) applications mean that silos of corporate information are not only proliferating in corporate data centers but in cloud environments as well. Intelligent Content Services and Automation: Must-Haves for 2020 Roadmaps.

Finance sector must simplify staff awareness training

IT Governance

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). What should financial organisations be doing? Ideally, financial organisations should go beyond the broad strokes of cyber security best practices and provide employees with in-depth, granular programmes that are tailored to the risks they face. How Cyber Security as a Service helps.

GDPR automated decision-making and profiling: what are the requirements?

IT Governance

Profiling is most often used for marketing purposes, but it is also used in other areas, such as healthcare, financial services and education, where large volumes of data need to be analysed in order to make quicker and more consistent decisions. Here at IT Governance, we have a wide range of products and services to help your GDPR compliance project – whatever your budget or level of expertise.

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Government By Numbers: Some Interesting Insights

John Battelle's Searchblog

Let’s take a look at some detail: Ahh… Education. As local governments have taken over the once Federally run education system, payroll there has skyrocketed (has performance? As one might expect, the numbers show the rise of the services industry, and the decline of manufacturing in our economy. But it’s clear to me we have an education and healthcare problem on our hands (quite a surprise, eh?).

About Half of Surveyed Companies Haven’t Started Preparing for CCPA: Data Privacy Trends

eDiscovery Daily

technology, manufacturing, financial services, utilities and health care companies finds that 44 percent of companies that will impacted by the CCPA haven’t yet taken steps towards compliance. Used by legal and business customers worldwide including more than 50 of the top 250 Am Law firms and many of the world’s leading corporations, CloudNine’s eDiscovery automation software and services help customers gain insight and intelligence on electronic data.

A consumer perspective on FinTech disruption (part 3)

CGI

This is the final blog in my three-part series on the disruptive impact of financial technology (FinTech) firms on today’s banks. The blog series is based on the findings of CGI’s 2016 survey of 1,670 consumers across 8 countries, which assessed consumer perspectives on 12 leading digital FinTech services.* As FinTechs increasingly invest in these services, they’re posing a real threat to the customer bases and revenues of traditional banks.

Understanding Blockchain and its Impact on Legal Technology, Part Two

eDiscovery Daily

Areas such as financial services, technology, manufacturing, pharmaceutical, and energy industries all needed systems with these two factors. Used by legal and business customers worldwide including more than 50 of the top 250 Am Law firms and many of the world’s leading corporations, CloudNine’s eDiscovery automation software and services help customers gain insight and intelligence on electronic data.

Integrating Long-Term Digital Preservation into Your Information Governance Program: First Steps

Preservica

I recently spoke with the IG director for a global financial services firm about progress in addressing long-term digital information. In wrapping up our discussion, the IG Director shared ideas for how to keep an IG program moving forward: 1) Build relationships with the business by educating yourself on their requirements, and sharing your expertise on good RIM practices.

Tuesday’s Relativity Fest 2019 Sessions: eDiscovery Trends

eDiscovery Daily

It has provided a framework for the development of software and services. Speakers Include: Michael Quartararo – Managing Director, eDPM Advisory Services; Darcie Spruance – Senior Project Manager, Ms.; Join us to hear examples of failures by a major medical center, a major financial institution, a large federal government agency, and a noted presidential advisor. How law firms can provide more valuable services?

US: Coronavirus – Cybersecurity considerations for your newly remote workforce

DLA Piper Privacy Matters

The Bureau writes that cyber threat actors are seeking “to profit from a sudden growth in teleworking, increased use of virtual education systems for online classes, a surge in online shopping, public appetite for information related to the pandemic, and the criticality of maintaining functioning critical infrastructure networks.”. Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances.

Leaders need the technical detail

MIKE 2.0

I recently heard a financial services executive on the radio talking about Bitcoin. Just as many experts argue that cyber currencies will soon fall under the supervision of existing regulators as predict a completely open financial system. Those businesses that are on the winning side of history will have leaders who have taken the time to educate themselves on the most important innovations that are sitting in today’s laboratories.

Protecting the bank in a digital world

CGI

Today's digital world of multi-dimensional, organized criminal threats ruthlessly exposes the weak points in any financial institutions anti-financial crime (AFC) defences. As financial services organizations are learning, defences against financial crime must be joined up and layered, bringing together both operational and intelligence resources. Education and attitude (in terms of regulatory compliance and encouraging whistle blowers).

Assessing the Impact of the Barbados’ Proposed Data Protection Bill on the Barbadian Private Sector

Data Matters

*Jan Yves Remy is a former Sidley Austin Associate and now serves as the Deputy Director at Shridath Ramphal Centre for International Trade Law, Policy and Services at the University of the West Indies in Barbados. Companies in the financial services, technology, airline and hotel industries are among those that could face substantial compliance obligations.

Meet Perficient’s Chief Strategists: Christine Livingston

Perficient Data & Analytics

We’re seeing many companies starting to deploy artificial intelligence within customer service functions or on the customer experience side to drive true omnichannel, consistent experiences across all those entry points. For financial services, your financial advisors are the SMEs. All of these examples are typically very educated, highly paid, and high-demand roles. Thrilling our clients with innovation and impact – it’s not just rhetoric.

Predictions for 2018 – This is where the magic happens!

CGI

But the mesh of available technology is breaking down business models everywhere—from how we develop applications, to how we deliver services, to how we process orders. In other words, an oil and gas company may be able to find more long-term opportunities by looking at operations and innovation in the financial services industry than at their nearest competitor. Predictions for 2018 – This is where the magic happens! ravi.kumarv@cgi.com. Wed, 02/21/2018 - 03:49.