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Top financial services trends of 2024

IBM Big Data Hub

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

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Improve your data relationships with third parties

Collibra

Seizing an opportunity to improve data relationships with third parties. Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk.

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Catches of the Month: Phishing Scams for October 2023

IT Governance

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July. Can you spot a phishing scam?

Phishing 105
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U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks

Data Matters

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

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Executive Order on access to Americans’ bulk sensitive data and Attorney General proposed regulations – Part 2

Data Protection Report

Demographic or contact data linked only to other demographic or contact data—such as a data set linking first and last names to residential street addresses, email addresses to first and last names, or customer loyalty membership records linking first and last names to phone numbers—would not constitute covered personal identifiers.

Access 58
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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals. Employees, businesses, and individuals whose data were exposed could be at risk of spear phishing campaigns,” added researchers.

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Singapore Parliament Passes Personal Data Protection Act

Hunton Privacy

On October 15, 2012, the Singapore Parliament passed the Personal Data Protection Act 2012. The new law will apply only to data processing in the private sector as data processing by public agencies (or organizations acting on behalf of public agencies) are already subject to internal government rules.