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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

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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). Organisations need to make staff awareness training a board-level priority. Staff awareness training is a crucial part of this.

Retail 62
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5 things to know: Driving innovation with AI and hybrid cloud in the year ahead

IBM Big Data Hub

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 75
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Security Compliance & Data Privacy Regulations

eSecurity Planet

financial data must comply with consumer-protection laws such as the Electronics Fund Transfer Act (EFTA) and a litany of regulations enforced by the SEC (such as Sarbanes-Oxley), CFTC, FISMA, and other financial regulatory bodies. for example, all 50 states (along with the District of Columbia, Puerto Rico, the U.S. In the U.S.,

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Conversational AI use cases for enterprises

IBM Big Data Hub

For example, natural language understanding (NLU) focuses on comprehension, enabling systems to grasp the context, sentiment and intent behind user messages. DL models can improve over time through further training and exposure to more data. DL, a subset of ML, excels at understanding context and generating human-like responses.

Analytics 111
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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

This finding not only underscores the vulnerability of the retail sector but also accentuates the financial repercussions of such breaches. It becomes, therefore, essential for retailers to consider the fresh insights provided by the Thales 2023 Data Threat Report – Financial Services Edition.

Retail 81
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Turning climate risks into business opportunities 

IBM Big Data Hub

In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity. In some business sectors, such as financial services, fast-moving consumer goods and healthcare, business interruptions can have a significant detrimental impact on daily life.

Risk 48