article thumbnail

New York Department of Financial Services Released New Guidance Addressing COVID-19 Related Cybersecurity Risks

HL Chronicle of Data Protection

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic. However, this shift has created new cybersecurity vulnerabilities and expanded the endpoints that criminals can target.

article thumbnail

These 3 GDPR Requirements You Must Support Today are Nothing Compared With What’s Coming

Reltio

Your organization may be considering master data management (MDM) solutions to address various data management needs including compliance challenges. CONSENT MANAGEMENT – Your company must also support a provision to produce any proof of consent provided by your customer on request, and a way for customers to withdraw the consent.

GDPR 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Scalability Imperative: Responsiveness to Manage Planned and Unplanned Spikes

Reltio

This post offers a look at the topic of scalability, outlining what the concept means and how it applies to customer data management, with some customer examples. The issue is particularly prevalent in industries like retail and financial services, which can contend with massive spikes in usage based on seasonality and marketing initiatives.

Retail 68
article thumbnail

#ModernDataMasters: Scott Taylor, “The Data Whisperer”

Reltio

In MDM there’s a lot of data sorting, taxonomies, ontologies etc. I am not a practitioner in the MDM technology space – I am someone who can convey its value to the business. I’m more of a “why” guy than a “how” guy. The current approach to MDM at a very high level is pretty much the same as it has always been.

MDM 40
article thumbnail

#ModernDataMasters: Bob More, SVP Global Field Operations

Reltio

My first introduction to MDM was at SAP where I had to explain to CEO’s why they had to buy another software module from us just to make their “Holy Grail” fully integrated enterprise platform work as advertised. This was the primary driver for joining the team at Siperian who at the time were a leader in the first-generation MDM space. .

MDM 40
article thumbnail

The Need for Real-Time Customer Data is Exploding

Reltio

What is the level of accuracy needed for different functions – marketing, sales, service, or finance? Is the data compliant for regulated industries like financial services, life sciences, and healthcare? Jakki: Five years ago, everyone was solving the customer data challenge with MDM systems.

article thumbnail

Data Matching: To match, or not match, that is the question*

Reltio

Here’s a brief user’s guide to help you understand some of the potential “gotchas” and how to avoid these to ensure the best possible matches in your data: What is overmatching? That is not the case with all MDM solutions. This is where your criteria for matching are not strict enough and you match people that should not be matched.

MDM 52