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

NOVEMBER 14, 2023

With flexible consumption-based pricing, it provides on-demand access to z/OS systems, dramatically improving developer productivity by accelerating release cycles on secure, regulated hybrid cloud environments like IBM Cloud Framework for Financial Services (FS Cloud). The IBM Cloud Framework for Financial Services a.k.a

Financial Services 102

Financial Services Cloud Compliance Digital transformation 102

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

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 80

Cloud Computer and Electronics Compliance Financial Services 80

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. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.

Encryption 75

Encryption Data Privacy Compliance Cloud 75

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.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Security Affairs

DECEMBER 2, 2022

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. entities Financial Services, Government Facilities, Healthcare and Public Health, Critical Manufacturing, and Information Technology.

Ransomware 96

Ransomware Financial Services Manufacturing Phishing 96

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. PIPL Raises the Bar – And the Stakes.

Data Privacy 138

Data Privacy Compliance Privacy Security 138

eSecurity Planet

NOVEMBER 17, 2022

That double threat — exfiltration and destruction/encryption — makes backup and encryption of data critically important for recovery and to avoid extortion when hackers threaten to release sensitive data. “ Immutable backups ” are often touted as the answer here. Prepare Now. The conference — held in McLean, Va.,

Cloud 109

Cloud Ransomware Encryption Cybersecurity 109

IBM Big Data Hub

DECEMBER 14, 2023

The data security capabilities that are provided by IBM Cloud® Hyper Protect Crypto Services help clients on their confidential computing journey by providing complete control of cloud data encryption keys and cloud hardware security modules.

Cloud 92

Cloud Security Data breaches Cybersecurity 92

Security Affairs

JUNE 20, 2023

Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. It employs encryption, tokenization, and data masking to ensure that sensitive information remains protected throughout its lifecycle, both in transit and at rest.

Compliance 94

Compliance Cybersecurity Risk Encryption 94

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.

Ransomware 108

Ransomware Passwords Encryption Financial Services 108

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The rules contain the provisions we had described in the original NYDFS proposal a year ago (see our blog post here ), but include some changes. d) and 500.22(e)),

Cybersecurity 104

Cybersecurity Compliance Financial Services Government 104

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. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Security Affairs

FEBRUARY 21, 2024

government offers rewards of up to $15 million for information that could lead to the identification or location of LockBit ransomware gang members and affiliates. The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data.

Energy and Utilities 100

Energy and Utilities Ransomware Agriculture Manufacturing 100

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 91

Security Data breaches Ransomware Artificial Intelligence 91

Krebs on Security

DECEMBER 27, 2019

-based Synoptek is a managed service provider that maintains a variety of cloud-based services for more than 1,100 customers across a broad spectrum of industries , including state and local governments, financial services, healthcare, manufacturing, media, retail and software.

Ransomware 178

Ransomware IT Phishing Financial Services 178

Security Affairs

OCTOBER 13, 2022

The Budworm cyber espionage group (aka APT27 , Bronze Union , Emissary Panda , Lucky Mouse , TG-3390 , and Red Phoenix) is behind a series attacks conducted over the past six months against a number of high-profile targets, including the government of a Middle Eastern country, a multinational electronics manufacturer, and a U.S.

File names 138

File names Financial Services Manufacturing Libraries 138

Collibra

JANUARY 31, 2023

Privacy and protection regulations are growing in numerous industries (such as financial services) and geographic regions (including the EU, Australia, California, and Nevada). It’s not just governments. 75% of consumers say that the way companies handle their data impacts their buying decisions. Finally, Collibra is secure.

Digital transformation 96

Digital transformation Data Privacy Privacy Cloud 96

IT Governance

NOVEMBER 13, 2023

Customer data, which was encrypted, was reported to be unaffected. The post The Week in Cyber Security and Data Privacy: 6 – 12 November 2023 appeared first on IT Governance UK Blog. DP World Australia’s investigation and ongoing remediation work are likely to continue for some time.”

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

The Last Watchdog

SEPTEMBER 7, 2022

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. They’re often state-sponsored entities, foreign governments, or actual businesses. million in adjusted losses. High-stakes threat actors. Who are these masterminds?

Ransomware 124

Ransomware Education Phishing Financial Services 124

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

To ensure data integrity and network security, businesses must adopt more sophisticated security protocols, including advanced encryption methods and AI-driven threat detection systems. Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

eSecurity Planet

FEBRUARY 11, 2022

Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Advanced Encryption.

Risk 121

Risk Cybersecurity Encryption Access 121

Security Affairs

FEBRUARY 20, 2024

The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data. The NCA and its global partners have secured over 1,000 decryption keys that will allow victims of the gang to recover their files for free. ” said National Crime Agency Director General, Graeme Biggar.

Energy and Utilities 113

Energy and Utilities Ransomware Manufacturing Agriculture 113

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 137

Ransomware Cybersecurity Phishing Encryption 137

Security Affairs

APRIL 8, 2020

The attack took place on March 14th, 2020, when the Maze Ransomware operators exfiltrated data from the HMR’s network and then encrypt their systems. The Hammersmith Medicines Research is notifying impacted individuals via email the incident, the hackers stole data then employed ransomware to encrypt its systems.

Ransomware 107

Ransomware Data breaches Encryption Financial Services 107

DLA Piper Privacy Matters

APRIL 20, 2021

This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. similar to the PIS Specification, but focused on the banking and financial services industry). Level 1: public data.

Compliance 111

Compliance Security Financial Services Data collection 111

Thales Cloud Protection & Licensing

JANUARY 10, 2024

As stated by the International Association of Privacy Professional ( IAPP ) critical sectors such as financial services are therefore conspicuously excluded, leaving organizations without a clear pathway to data protection compliance and potentially exposing them to significant risks.

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

eSecurity Planet

SEPTEMBER 10, 2021

Does the provider encrypt data while in transit and at rest? Specifically, these tools address a number of security requirements, including patch management , endpoint encryption, VPNs , and insider threat prevention among others. Encrypt data in motion and at rest. Encryption is a key part of any cloud security strategy.

Cloud 102

Cloud Security Encryption Risk 102

Thales Cloud Protection & Licensing

FEBRUARY 27, 2023

CBDC Benefits With the introduction of CBDCs there are multiple benefits for Consumers, Government &Central Banks and other Financial institutions. Improved financial inclusion: CBDCs can make it easier for people to access financial services, especially in areas where there is limited access to traditional banking infrastructure.

Financial Services 71

Financial Services Access Risk Security 71

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!! Statistics.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Thales Cloud Protection & Licensing

JULY 24, 2018

The 57 percent rate statistic is the highest of all verticals we measured in this year’s report (others include the healthcare industry, the retail industry, and the financial services industry) or any region surveyed. More so than commercial enterprises, government agencies are making a massive shift to the cloud.

Encryption 48

Encryption Cloud Data breaches Government 48

Data Matters

OCTOBER 8, 2020

Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. Payment is often demanded in bitcoin, and thus third-party services are often used to make such payments.

Ransomware 68

Ransomware Compliance Risk Government 68

IBM Big Data Hub

JANUARY 10, 2024

So that records and sensitive medical data are encrypted and processed securely, protecting against data leaks and unauthorized access. Financial services: innovate customer experience while keeping sensitive information secure and stay compliant Financial institutions face constant threats to their critical data and financial transactions.

Security 78

Security Cloud Data Privacy Financial Services 78

Thales Cloud Protection & Licensing

JULY 24, 2023

Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digital transformation, and hybrid work. These solutions encrypt data as it moves across networks for maximum security and performance.

Business Services 62

Business Services Encryption Manufacturing Security 62

Security Affairs

SEPTEMBER 10, 2018

defense contractors and financial services firms worldwide. The hackers attempted to inject malicious JavaScript code into the government websites connected to the data center. The APT group has been active since at least 2010, the crew targeted U.S. We informed the company about the issue via CN-CERT.”

Communications 78

Communications Financial Services Phishing Encryption 78

Thales Cloud Protection & Licensing

DECEMBER 4, 2019

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

Financial Services 22

Financial Services Encryption Cloud Digital transformation 22