The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. Read more : Top Database Security Solutions for 2022.

Risk 140

Risk Cybersecurity Encryption Access 140

The Last Watchdog

MARCH 1, 2019

There’s a frantic scramble going on among those responsible for network security at organizations across all sectors. Enterprises have dumped small fortunes into stocking their SOCs (security operations centers) with the best firewalls, anti-malware suites, intrusion detection, data loss prevention and sandbox detonators money can buy.

Digital transformation 193

Digital transformation Marketing Analytics Risk 193

IBM Big Data Hub

MARCH 27, 2024

Substantial repair costs might arise, particularly impacting insurance companies. 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. For more information, visit our Climate risks insights page.

Risk 66

Risk Artificial Intelligence Agriculture Financial Services 66

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Analytics 68

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Cyberattack Statistics. Mobile attacks.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. Unfortunately, Otsuka said, the scammers are defeating this layered security control as well.

IT 353

IT Passwords Authentication Phishing 353

Thales Cloud Protection & Licensing

JULY 9, 2018

Individuals and businesses need to combat these threats to secure their own assets and reputations as well as to comply with increasingly numerous and rigorous regulations, such as the EU’s now active General Data Protection Regulation (GDPR). Financial Services. In all these cases, this data needs to be protected.

Digital transformation 75

Digital transformation Financial Services Encryption Insurance 75

IT Governance

APRIL 11, 2019

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). What should financial organisations be doing? BEC (business email compromise), which targets high-level employees, is a major security risk , and needs to be addressed head-on.

Retail 66

Retail Risk Education Financial Services 66

The Last Watchdog

MARCH 13, 2019

This gives you an idea of the steady flow of weaponized email attacks against companies of all sizes and in all sectors, with certain verticals, namely financial services, healthcare companies and tech firms bearing the brunt. The key takeaways: Productivity vs. security. So, the challenge becomes productivity versus security.”.

Systems administration 100

Systems administration Financial Services Insurance Security 100

Krebs on Security

OCTOBER 24, 2019

Every pay period, Pinnacle would send Cachet a coded file to tell the ACH how to distribute funds. ” It will be interesting to see how long the fallout from the MyPayrollHR episode will last and how many other firms may get wiped because of it. But on Oct. But, on Sept. 1, 2019 to Aug.

Communications 161

Communications Financial Services Insurance Risk 161

Rocket Software

NOVEMBER 16, 2021

When organizations are determining how to modernize their operations, the place to begin is by considering their employee workflows. When it comes to legacy technologies, Rocket’s solutions and expert support can help organizations understand which workflows to modernize and how to prioritize users’ needs throughout the process.

Customer Experience 52

Customer Experience Financial Services Insurance Compliance 52

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. 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. How ransomware works. Preventing ransomware.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Adam Levin

NOVEMBER 17, 2020

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Browse online using secure networks.

Retail 97

Retail e-Delivery Passwords Phishing 97

CGI

MAY 26, 2016

Financial institutions in the U.S. The combined and increased focus of the Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC) on cybersecurity issues are indicative of U.S. Security incident response plan testing. Controls testing.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

eSecurity Planet

JANUARY 21, 2021

How to choose a GRC platform. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others.

Compliance 67

Compliance Risk Government Retail 67

KnowBe4

FEBRUARY 14, 2023

[link] Spear Phishing Attacks Increase 127% As Use of Impersonation Skyrockets Impersonation of users, domains and brands is on the rise, as is the use of malicious links, in response to security vendors improving their ability to detect malicious attachments. Blog post with links: [link] Are Your Users Making Risky Security Mistakes?

Phishing 83

Phishing Security awareness Compliance Risk 83

eSecurity Planet

JANUARY 21, 2021

How to choose a GRC platform. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others.

Compliance 57

Compliance Risk Government Retail 57

DLA Piper Privacy Matters

AUGUST 23, 2021

The PIPL also anticipates that a new publicly-available entity list may be published, listings foreign organisations to whom local China organisations may not transfer personal information, where such transfer may harm national security or public interest. This aligns with a similar provision in the new Data Security Law.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

DLA Piper Privacy Matters

APRIL 2, 2020

In recent weeks, the Department of Justice , Federal Bureau of Investigation and the Department of Homeland Security have issued alerts warning of malicious cyber activity related to COVID-19. Various laws and best practices speak of the need to train network users on the latest security best practices. Awareness and Training.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

DLA Piper Privacy Matters

JULY 30, 2019

Effective cybersecurity requires organizations to move beyond perimeter defense of their own network to protecting sensitive data in the hands of service providers. From a security and legal perspective, service provider cybersecurity requires significant attention and coordination by all parties both before and after hitting the breach.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. They have been able to secure impressive amounts of VC funding and valuation levels that were unheard of in the Information Capture market.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. They have been able to secure impressive amounts of VC funding and valuation levels that were unheard of in the Information Capture market.

Information capture 52

Information capture Marketing Digital transformation Cloud 52

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

The Last Watchdog

MAY 24, 2021

Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web attacks globally; 736 million in the financial services sector.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

Thales Cloud Protection & Licensing

JANUARY 15, 2024

A new generation of Fintech players, as well as major regulatory changes regarding GDPR, KYC and AML have meant that Financial Supervision continues to evolve in our increasingly digitalised world. A changing financial world Today’s consumers value ease of use - and payments and online financial services are no exception.

Unstructured data 71

Unstructured data B2B Access Financial Services 71

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Fraud.net offers specific solutions for a number of industries, including gaming, financial services, and eCommerce, as well as government organizations.

Analytics 113

Analytics Risk Authentication Financial Services 113

Data Matters

DECEMBER 23, 2020

Federal Deposit Insurance Corporation (FDIC) approved and the federal banking agencies jointly announced on December 18 a notice of proposed rulemaking, Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers (NPR). On December 15, 2020, the U.S.

Security 68

Security Cybersecurity Insurance Communications 68

Data Matters

JANUARY 2, 2018

Indeed, autonomous vehicles and robotics will spawn increasing legal and social questions, likely prompting businesses and governments to consider how to address effects of these technologies. Watch Asia in 2018 for new privacy and cybersecurity requirements that will impact how businesses can operate in the region.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

The Last Watchdog

FEBRUARY 25, 2019

Related: Applying ‘zero trust’ to managed security services. He pointed out how they’ve gone through a series of consolidations, including one unfolding right now. Fortunately, the identity management space has attracted and inspired some of the best and brightest tech security innovators and entrepreneurs.

Access 169

Access Government Authentication Data breaches 169

ForAllSecure

JANUARY 19, 2022

Is there something more secure? Simon Moffatt from CyberHut joins The Hacker Mind to discuss how identity and access management (IAM) is fundamental to everything we do online today, and why even multi-factor access, while an improvement, needs to yield to more effortless and more secure passwordless technology that’s coming soon.

Passwords 52

Passwords Authentication Access Data breaches 52

KnowBe4

JUNE 20, 2023

The recent information exposes the increasing dangers in the world of cryptocurrency and the urgent requirement for more robust security measures. Perhaps more importantly, do you know how effective new-school security awareness training is as a mission-critical layer in your security stack?

Data breaches 75

Data breaches Phishing Security awareness Ransomware 75

KnowBe4

MAY 31, 2023

That's right – the financial services industry, at least according to cybersecurity vendor Armorblox's 2023 Email Security Threat Report. Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. Yup – shoe store.

Phishing 78

Phishing File names Security awareness Risk 78

Data Matters

APRIL 23, 2018

Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Designing an Enterprise-Level Approach. Principle 5.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

The Last Watchdog

JUNE 7, 2021

It’s time to take steps to democratize data and fortunately there are examples of what this looks like in other industries that show how competing security outfits can link arms and still remain competitive. Teeming with shared, actionable data is the financial services industry. Why can’t we be friends?

Cybersecurity 168

Cybersecurity Financial Services Privacy Insurance 168

Reltio

MAY 30, 2019

Business needs change fast you need to figure out how to address that within the project. Figure out how to take the customer into your confidence and make them understand that they may need to invest in a change – that’s the way to move ahead. Blockchain is going to play a big role to giving more trustworthiness to the data. “If

Analytics 58

Analytics Digital transformation Blockchain Big data 58