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. NYDFS found that none of the assessments addressed the risks associated with the compromised O365 mailbox.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

Info Source

JULY 6, 2023

For example, if your experience as an end customer in an interaction with your bank, insurance carrier, car dealer etc. t starts with the prospect, who has researched alternatives based on her/his specific needs selecting a financial services provider and type of loan and submitting a request.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 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

Data Protection Report

FEBRUARY 8, 2022

According to the settlement agreement, the AG concluded that EyeMed’s security practices did not meet the requirements of the SHIELD Act with respect to four requirements: authentication, password management, logging and monitoring, and data retention in the email account. In total, information for approximately 2.1 SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings that were held during November in lieu of taking place during the Fall Meeting.

Insurance 68

Insurance Paper Risk Analytics 68

IBM Big Data Hub

JANUARY 18, 2024

Interact when and where customers are Conversational marketing can be deployed across a wide variety of platforms and tools to meet your customers where and how they prefer. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Sales 94

Sales Artificial Intelligence Communications Marketing 94

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Compliance 67

Compliance Risk Government Retail 67

Rocket Software

FEBRUARY 25, 2022

Repetitive and time-consuming actions that are still manually handled by employees can be improved with robotic process automation (RPA) to lower the risk of human errors and save time. Minimize Risk and Improve Resiliency.

Compliance 59

Compliance Financial Services Risk Insurance 59

Rocket Software

NOVEMBER 16, 2021

Manual processes aren’t just time-consuming and cost-inefficient– they may also introduce user errors that risk impacting business outcomes. Engaging automation can ensure around-the-clock compliance for highly regulated industries such as financial services, insurance, healthcare and cybersecurity that often rely on legacy technology.

Customer Experience 52

Customer Experience Financial Services Insurance Compliance 52

Everteam

APRIL 2, 2019

ImageFast is an award-winning consulting and technical services company that has been delivering information governance solutions to the insurance and finance markets for over 20 years. “We With fully defined and applied governance policies, you reduce risks, save money and meet privacy and data retention regulations.

Information governance 40

Information governance Marketing Government Digital transformation 40

CGI

JANUARY 12, 2017

This last blog shares some key recommendations for both banks and FinTechs as they compete to meet evolving consumer expectations and position themselves for growth. Many robo-advisors are FinTechs, but some incumbent players, like Schwab, have innovated internally to develop their own robo-advisory services to meet market demand.

Financial Services 40

Financial Services Education Marketing Risk 40

IBM Big Data Hub

APRIL 18, 2024

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. By analyzing historical data and medical trends, AGI might predict a patient’s specific potential risk of developing certain diseases.

Artificial Intelligence 95

Artificial Intelligence Marketing e-Delivery Manufacturing 95

CGI

JANUARY 12, 2017

CGI conducted a survey in 2016 to help gauge this impact, reaching out to bank consumers to explore their expectations and assess how banks can better compete with FinTechs in meeting those expectations. We surveyed 1,670 consumers across eight countries to get their perspectives on 12 digital FinTech services: Protection.

Financial Services 40

Financial Services IoT Risk Insurance 40

HL Chronicle of Data Protection

MARCH 14, 2019

Periodic risk assessments. The Safeguards Rule allows FIs to take a risk-based approach to developing its ISP. Risk assessments under the proposed Rule will need to be written and include certain content, such as the criteria FIs use to evaluate and categorize identified security risks or threats.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

CGI

DECEMBER 22, 2016

These innovative startups are focused on taking a share of bank customers, products and revenues through new digital services, and staying ahead of them is high on banks’ agendas. What do consumers want, and how can banks out compete the FinTechs in meeting their expectations? In 2016, we surveyed 1,670 consumers across the U.S.,

Financial Services 45

Financial Services Retail IoT Insurance 45

Hunton Privacy

NOVEMBER 10, 2016

Telecommunication and technology companies were the most represented respondents, followed by insurance and financial services companies, as well as pharmaceutical and healthcare companies. and less than half operate in South America and Asia.

GDPR 45

GDPR Data Privacy Compliance Privacy 45

Shoreline Records Management

AUGUST 21, 2023

Efficient storage ensures that patient data is readily accessible, facilitating seamless coordination between healthcare professionals and reducing the risk of medical errors. It involves housing physical records in secure, external facilities managed by specialized vendors or services.

Records Management 26

Records Management Paper Compliance Access 26

KnowBe4

FEBRUARY 14, 2023

In addition to mandatory and routine training and security tools, the best way to ensure employees are vigilant about potential risks is to help them reframe their online mindset while encouraging them to leverage critical thinking in evaluating and defending against internal and external threats," Watson says. businesses.

Phishing 85

Phishing Security awareness Compliance Risk 85

DLA Piper Privacy Matters

SEPTEMBER 29, 2017

Pursuant to several provisions of the French Code Monétaire et Financier , entities from the banking and financial sector are required to implement processes and strategies to detect, measure and manage operational risks within their group (on a consolidated basis). 311-2 of the Code Monétaire et Financier. .

Personal data 40

Personal data Financial Services Risk Insurance 40

Collibra

MARCH 11, 2021

Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. It prepares an organization to meet business standards. Data domain example.

Government 59

Government Communications Insurance Customer Experience 59

DLA Piper Privacy Matters

JULY 30, 2019

Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage. Proactive steps.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Collibra

APRIL 11, 2022

Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. It prepares an organization to meet business standards. Data domain example.

Government 52

Government Communications Insurance Customer Experience 52

IBM Big Data Hub

SEPTEMBER 14, 2023

As enterprises modernize and migrate workloads to IBM Cloud, they often run into requirements that certain components of their application workloads to run on other cloud service provider networks. insurance, banking, healthcare, etc.)—to What are the different ways multicloud workloads can connect and communicate?

Cloud 76

Cloud Financial Services Insurance Compliance 76

The Last Watchdog

FEBRUARY 25, 2019

Meeting compliance. These vendors drilled down on “governance and attestation,” coming up with advanced ways to enable companies to monitor and report cyber risk profiles to government and industry auditors. “They also require either adaptive authentication, or multi-factor authentication in many scenarios.”.

Access 169

Access Government Authentication Data breaches 169

Data Matters

APRIL 23, 2018

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Aligning cyber risk with corporate strategy.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Protection Report

MARCH 7, 2024

The proposed regulation stated that: “To the maximum extent feasible, the bulk thresholds would be set based on a risk-based assessment that examines threat, vulnerabilities, and consequences as components of risk” (at 24). The regulation also proposes this chart with respect to risk levels and bulk thresholds: (at 25).

Access 58

Access Military Compliance Personal data 58

eSecurity Planet

OCTOBER 5, 2021

With more employees working from home, their data was more at risk from weaker networks and personal devices. Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research. VPN Authentication.

Authentication 99

Authentication Passwords Access Computer and Electronics 99

Reltio

MAY 13, 2019

. “We thought we had properly analyzed all the risks when we started. “When you started this project, did you also think about the data-related risks? We focus on three objectives – reduce risk, increase efficiency, and accelerate post-migration business transformation.” ” Ralph wiped his brow.

Cloud 89

Cloud Cleanup Risk IT 89

Info Source

MARCH 20, 2019

Kofax is the only vendor that delivers a broad set of AI with RPA to meet enterprise automation ambitions including cognitive document automation. Kofax provides a rapid return on investment for over 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing, and other markets.

Digital transformation 56

Digital transformation Unstructured data Compliance Financial Services 56

Reltio

NOVEMBER 9, 2020

Our innovative customers span different industries like life sciences, financial services and insurance, healthcare, CPG, apparel, retail, travel and hospitality and high tech. If you need speed and agility, legacy on-premises MDM systems, even those that are hosted in the cloud, won't meet your needs. Jan 8, 2020.

Customer Experience 72

Customer Experience MDM Retail Data science 72

Collibra

JANUARY 18, 2022

The financial services industry has had a longstanding tradition of being at the forefront of adopting new technologies. According to industry experts, approximately 60% of financial institutions will pursue a multi-cloud strategy in order to mitigate long-term risks and prevent vendor lock-in.

Financial Services 52

Financial Services Cloud Artificial Intelligence Government 52

KnowBe4

MAY 31, 2023

That's right – the financial services industry, at least according to cybersecurity vendor Armorblox's 2023 Email Security Threat Report. According to the report, the financial services industry as a target has increased by 72% over 2022 and was the single largest target of financial fraud attacks, representing 49% of all such attacks.

Phishing 81

Phishing File names Security awareness Risk 81

KnowBe4

JUNE 20, 2023

[link] [Heads Up] Microsoft Warns Against a Sophisticated Phishing Attack That Targeted Large Banks and Top Financial Organizations Microsoft describes a sophisticated phishing campaign that targeted large financial organizations. He's had endless patience and expert knowledge when we meet for the onboarding stages.

Data breaches 78

Data breaches Phishing Security awareness Ransomware 78

eSecurity Planet

JANUARY 11, 2022

Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments. Apiiro can connect across hybrid infrastructure through a read-only API and promises real-time inventory and actionable remediation for risks in addressing DevSecOps. Apiiro Security.

Cybersecurity 142

Cybersecurity Cloud Compliance Analytics 142

Collibra

JANUARY 27, 2022

The long awaited International Financial Reporting Standard (IFRS-17) is finally upon us – coming into effect on January 1, 2023. IFRS-17 is one of the most consequential accounting standards enacted in decades for the recognition, measurement, presentation and disclosure of insurance contracts. Why is IFRS-17 important?

Compliance 52

Compliance Cloud Insurance Metadata 52