IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Data science 77

Data science Insurance Financial Services Marketing 77

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

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. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

FEBRUARY 25, 2021

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Read to learn more about cloud adoption within financial services?

Cloud 77

Cloud Financial Services Risk Business Services 77

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

IBM Big Data Hub

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. The United States saw 25 climate disaster events in 2023 with losses of more than USD 1 billion each. These events included floods, severe storms and a drought.

Risk 64

Risk Artificial Intelligence Agriculture Financial Services 64

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. The regulation requires that a licensee report a cybersecurity event to NYDFS within 72 hours of its determination of the event.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

eSecurity Planet

JUNE 27, 2023

Security information and event management (SIEM) systems only have detections for 24 percent of the 196 techniques in MITRE ATT&CK v13, according to a new report. “This implies that adversaries can execute around 150 different techniques that will be undetected by the SIEM,” says the CardinalOps report.

Metadata 106

Metadata Financial Services Insurance Manufacturing 106

Reltio

FEBRUARY 22, 2024

We unveiled the velocity packs in February, featuring pre-built connectors and smooth integrations to speed deployment for clients in sectors like healthcare, financial services, and insurance. As lead sponsor of the DataDriven23 conference, Reltio assembled data luminaries from across industries for a three-day event in Dallas.

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

IBM Big Data Hub

FEBRUARY 14, 2024

They can also help businesses predict future events and understand why past events occurred. By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination.

Artificial Intelligence 85

Artificial Intelligence Retail Unstructured data Insurance 85

Hunton Privacy

MARCH 16, 2017

Sotto on the new cybersecurity regulations from the New York State Department of Financial Services (“NYDFS”). The NYDFS regulations impose significant cybersecurity requirements on impacted businesses that will dictate how they plan for, respond to and recover from data security events.

Financial Services 40

Financial Services Insurance Cybersecurity Privacy 40

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

GDPR 100

GDPR e-Discovery Compliance Metadata 100

IBM Big Data Hub

JANUARY 18, 2024

Banking and financial services In a transactional industry, AI-powered chatbots can deliver fast and accurate answers , eliminate waiting times, streamline web searches for information and facilitate meaningful customer interactions. Industry benefits Chatbots can benefit from any industry but there are a few standout use cases.

Sales 92

Sales Artificial Intelligence Communications Marketing 92

Hunton Privacy

APRIL 27, 2017

Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. March 1, 2019 – the two year transitional period ends.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

Adam Levin

NOVEMBER 30, 2018

If you prefer a more laid back approach, sign up for free transaction alerts from financial services institutions and credit card companies, or subscribe to a credit and identity monitoring program, 3. There are places to check your credit score for free online, and most credit cards let you see your FICO score. Manage the damage.

Financial Services 66

Financial Services Encryption Passwords Communications 66

Reltio

MARCH 11, 2019

The event consisted of over 40 sessions and panels featured more than 60 speakers across industries. Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Reltio was the Diamond sponsor and host of the event.

Digital transformation 40

Digital transformation Financial Services Data science Retail 40

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Proper disposal processes minimize the amount of NPI accessible to an unauthorized third party during a Cyber Event.”

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Upcoming certifications.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

OpenText Information Management

MAY 16, 2022

I recently attended two really amazing events: the MoneyLive Summit in London and the OpenText™ Middle East Summit in Dubai. I can’t tell you how great it was to meet with people in person again.

Customer Experience 64

Customer Experience Financial Services Digital transformation IT 64

Info Source

JULY 16, 2019

“Asia’s leading entrepreneurial and financial hub, Hong Kong presents a wealth of opportunities and will play a vital role in our APAC strategy as we plan to continue growing by being more involved in the local ecosystem.”. and Tech Mahindra.

Customer Experience 40

Customer Experience Financial Services Marketing Retail 40

The Last Watchdog

MARCH 1, 2019

There is a gaping shortage of analysts talented enough to make sense of the rising tide of data logs inundating their SIEM (security information and event management) systems. But this hasn’t done the trick. In many cases the tedious, first-level correlating of SIEM logs to sift out threats has moved beyond human capability.

Digital transformation 141

Digital transformation Marketing Analytics Risk 141

HL Chronicle of Data Protection

MARCH 16, 2020

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. Peter Marta. Arwen Handley. Philip Parish. Nicola Fulford.

Cybersecurity 59

Cybersecurity Financial Services Risk Insurance 59

eSecurity Planet

JUNE 16, 2022

Capital markets, insurance, financial services, and banking are now online. Security information and event management (SIEM). In the event of an attack, an incident response tool should be able to quickly attribute where the attack came from as well as its intention and technique. Other methods.

Ransomware 138

Ransomware Cybersecurity Phishing Encryption 138

Data Matters

MARCH 12, 2019

Of particular note, the Safeguards Rule NPRM proposes to align the FTC’s requirements with those of the New York Department of Financial Services (“NYDFS”), as found in its cybersecurity regulations, and the National Association of Insurance Commissioners (“NAIC”), as found in its insurance data security model law.

Privacy 68

Privacy IT Information Security Insurance 68

Data Matters

FEBRUARY 25, 2021

The FCA has provided new guidance for PIs and EMIs using the “insurance or comparable guarantee” method of safeguarding. This includes a requirement that the insurance policy or comparable guarantee must pay out for the full amount of any claim regardless of how the relevant insolvency event occurs (including if the firm is at fault).

Authentication 68

Authentication Paper Risk Insurance 68

HL Chronicle of Data Protection

MARCH 14, 2019

The plan must enable FIs to promptly respond to and recover from security events affecting customer information. It must also address the goals of the plan, internal processes for responding to a security event, and documentation and reporting regarding security events and related incident response activities.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

CGI

MAY 26, 2016

Years of testing have afforded financial institutions a certain level of confidence that their staff would know how to react in the event of a disaster. In addition, insurers are increasingly partnering with us to help manage the cyber risks of their policy holders.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. This may also include the use of event codes that are subjective or difficult to define in practice or retention periods that are correct in theory but impossible to implement.

Personal data 99

Personal data GDPR Privacy Records Management 99

eSecurity Planet

FEBRUARY 16, 2021

In the event of a successful breach, your team must be ready to restore systems and data recovery. Healthcare and financial services are the most attacked industries. As ransomware keeps at its current pace, we see a boom in cyber insurance sales (see Ransomware Insurance: Cyber Insurance May Be the Best Protection ).

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Data Matters

NOVEMBER 2, 2021

Further, market standard terms need to develop relating to some of the unique features that have bearing on the economic value of a digital asset, events such as “hard forks 1 ” or “airdrops, 2 ” for example. Obtaining Exposure to DeFi and Assets Beyond Bitcoin.

Blockchain 88

Blockchain Marketing Access Risk 88

IBM Big Data Hub

APRIL 18, 2024

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. Financial services AGI might revolutionize financial analysis by going beyond traditional methods. The skills gap in gen AI development is a significant hurdle.

Artificial Intelligence 82

Artificial Intelligence Marketing e-Delivery Manufacturing 82

IBM Big Data Hub

FEBRUARY 23, 2024

ML and DL lie at the core of predictive analytics, enabling models to learn from data, identify patterns and make predictions about future events. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Analytics 101

Analytics Artificial Intelligence Marketing Education 101

DLA Piper Privacy Matters

SEPTEMBER 29, 2017

In particular, the AU-054 does not cover fraud prevention systems implemented by insurance, capitalization, reassurance, assistance companies or insurance brokers CMF (these companies must refer to Single Authorization No. 311-2 of the Code Monétaire et Financier. . Parent companies of financing companies.

Personal data 40

Personal data Financial Services Risk Insurance 40

KnowBe4

FEBRUARY 14, 2023

For KnowBe4 customers, we have a few templates with this topic in the Current Events. Based on alerts generated by your existing security stack products , SecurityCoach analyzes and identifies detected threat events to send your users a contextual, real-time SecurityTip at the moment risky behavior occurs. businesses.

Phishing 84

Phishing Security awareness Compliance Risk 84

DLA Piper Privacy Matters

JULY 30, 2019

Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45