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.

Cloud 80

Cloud Financial Services Risk Business Services 80

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. What is climate risk?

Risk 67

Risk Artificial Intelligence Agriculture Financial Services 67

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. NYDFS Cybersecurity Regulation.

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 108

Metadata Financial Services Insurance Manufacturing 108

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

Data Matters

MARCH 12, 2019

Last week, the Federal Trade Commission (“FTC”) got into the act as well, releasing two notices of proposed rulemaking (“NPRM”) on potential changes to its the Standards for Safeguarding Customer Information (“Safeguards Rule”) and Privacy of Consumer Financial Information Rule (“Privacy Rule”) under the Gramm-Leach-Bliley Act.

Privacy 68

Privacy IT Information Security Insurance 68

IBM Big Data Hub

FEBRUARY 14, 2024

They can also help businesses predict future events and understand why past events occurred. McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. Routine questions from staff can be quickly answered using AI.

Artificial Intelligence 88

Artificial Intelligence Retail Unstructured data Insurance 88

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). employees).

GDPR 100

GDPR e-Discovery Compliance Metadata 100

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. In addition, I see more and more service providers adopting SOAR, as the MSSP and MDR markets grow at 15% and 30% respectively according to Gartner.

Digital transformation 193

Digital transformation Marketing Analytics Risk 193

IBM Big Data Hub

JANUARY 18, 2024

Offer self-service options Customers often prefer to complete simple tasks independently. Your chatbot can prompt them and provide more self-service options and resource directions, saving your customers time and reducing your staffing needs. Your potential market is worldwide.

Sales 95

Sales Artificial Intelligence Communications Marketing 95

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

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

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 some basics when it comes to protecting yourself when your information is compromised, and they are simple.

Financial Services 66

Financial Services Encryption Passwords Communications 66

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

eSecurity Planet

JUNE 16, 2022

Also read: How to Recover From a Ransomware Attack Best Ransomware Removal Tools Best Ransomware Removal and Recovery Services Best Backup Solutions for Ransomware Protection. Capital markets, insurance, financial services, and banking are now online. Security information and event management (SIEM). Ransomware.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

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 62

Customer Experience Financial Services Digital transformation IT 62

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. As a result, it will trigger numerous disclosure obligations to data and financial regulators, to customers and to the market. Peter Marta.

Cybersecurity 59

Cybersecurity Financial Services Risk Insurance 59

Info Source

JULY 16, 2019

ABBYY has long been active in the Asia-Pacific markets with many successful large-scale implementations in banking and financial services, insurance, telecom, government, and other verticals. MILPITAS, Calif., The Asian market represents a substantial growth opportunity for ABBYY. and Tech Mahindra.

Customer Experience 40

Customer Experience Financial Services Marketing Retail 40

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. Additional guidance.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). its Perimeter Guidance Manual (PERG). Temporary COVID Guidance. Safeguarding.

Authentication 68

Authentication Paper Risk Insurance 68

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. Customer service: Conversational AI enhances customer service chatbots on the front line of customer interactions, achieving substantial cost savings and enhancing customer engagement.

Analytics 105

Analytics Artificial Intelligence Marketing Education 105

IBM Big Data Hub

APRIL 18, 2024

This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work. Imagine a self-driving car piloted by an AGI. It cannot only pick up a passenger from the airport and navigate unfamiliar roads but also adapt its conversation in real time.

Artificial Intelligence 96

Artificial Intelligence Marketing e-Delivery Manufacturing 96

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Here, then, is a comprehensive look at ransomware, what it is, how to prevent it, and what to do if you become one of its unfortunate victims.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

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. Board reporting.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

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. Futures also do not provide direct access to the underlying Bitcoin or Ether. Digital Asset Prime Brokerage Offerings.

Blockchain 88

Blockchain Marketing Access Risk 88

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. 2 DLA Piper.

Personal data 100

Personal data GDPR Privacy Records Management 100

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. Data loss prevention. Vendor management. Incident response.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 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

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

ARMA International

AUGUST 2, 2019

The details of the event are evolving, but Capital One issued a statement of its understanding so far. Even so, some 140,000 Social Security numbers, 1 million (Canadian) Social Insurance numbers, and 80,000 linked bank account numbers were exposed. The $31 million will be divided amongst everyone with a valid claim for the payment.

Cloud 41

Cloud Data breaches Encryption Access 41

DLA Piper Privacy Matters

AUGUST 23, 2021

Immediate remedial action must be taken in the event of any suspected or actual data disclosure, loss or tampering. This aligns with other recent guidance putting clearer parameters around use of biometric data in China). It remains unclear what “separate” consent means in practice, and we await further guidance on this.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

DLA Piper Privacy Matters

JULY 30, 2019

It’s your service provider’s breach, but it involves your (more likely, your customer’s) data. Service provider cyber incidents have exploded in volume, type, frequency, response time and cost. At least nine states expressly extend these requirements to service providers. A data breach, that is.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40