Data Breach Today

AUGUST 19, 2021

Menlo Security's Mark Guntrip on How to Learn to 'Defend Differently' On one hand, rapid cloud migration has been a boon to financial services organization. But it's also exposed some security weaknesses.

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Financial Services Cloud Security IT 147

IBM Big Data Hub

JANUARY 16, 2024

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.

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Financial Services Customer Experience Cloud Digital transformation 51

OpenText Information Management

JANUARY 5, 2023

With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).

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Financial Services Government Customer Experience Content services 105

OpenText Information Management

JANUARY 10, 2022

As we head into 2022, it’s clear that the Financial Services industry overall has responded well to the impact of COVID-19 — but it hasn’t emerged unscathed. In fact, McKinsey’s Global Banking Review states that half of banks are not covering their cost of equity.

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Financial Services IT Insurance 126

AIIM

DECEMBER 1, 2020

It’s no secret that the continuing coronavirus pandemic has disrupted businesses everywhere, and the financial services industry is no exception. Indeed, the financial services industry is at a tipping point—either disrupt or get disrupted. Tune in for more.

Financial Services 104

Financial Services Digital transformation Marketing IT 104

OpenText Information Management

DECEMBER 17, 2020

Corporate banking has always … The post API integration in Financial Services appeared first on OpenText Blogs. This blog has been co-authored by Pratik Parikh and Ruchi Bhardwaj, Lead Product Manager at OpenText. Open banking is happening now, and it is quickly becoming the most optimal path to digitization.

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Financial Services IT Cloud 99

IBM Big Data Hub

MAY 23, 2023

IBM Cloud completed its 2023 independent review of IBM Cloud services and processes. The review report demonstrates to its clients, partners and other interested parties that IBM Cloud services have implemented and adhere to the technical, administrative and physical control requirements of IBM Cloud Framework for Financial Services.

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Financial Services Cloud Compliance Risk 67

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

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Financial Services Cloud Cybersecurity Encryption 83

OpenText Information Management

JULY 12, 2023

It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better? The paper problem Financial services workflows have always been heavily paper-based. The paper problem Financial services workflows have always been heavily paper-based.

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Financial Services Cloud Customer Experience Paper 52

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

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Risk IT Financial Services Cybersecurity 200

OpenText Information Management

JANUARY 12, 2021

It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better? The paper problem Financial services workflows have always been heavily paper-based. The paper problem Financial services workflows have always been heavily paper-based.

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Financial Services Cloud Customer Experience Paper 90

Data Protection Report

NOVEMBER 8, 2023

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.

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Financial Services Cybersecurity Compliance Government 109

Data Breach Today

AUGUST 23, 2021

million request-per-second (rps) distributed denial of service attack, almost three times larger than any previously reported HTTP DDoS attack. Million Request-Per-Second Attack Launched by 20,000 Bots, Cloudflare Says Security firm Cloudflare says it detected and mitigated a 17.2

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Financial Services Security IT 130

DLA Piper Privacy Matters

AUGUST 8, 2023

At a high level, we anticipate financial institutions will already be doing this, so it will be interesting to see whether more granular security standards will be subsequently published and whether they impose higher requirements than, say, current international best practice standards.

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Financial Services Personal data Compliance Data collection 98

Data Breach Today

JUNE 9, 2022

Jeetu Patel of Cisco Discusses the Critical Ability to 'Bounce Back' From Incidents With rising threats facing critical infrastructure sectors, such as healthcare and financial services, "society as a whole, and the safety of society is completely dependent on cyber risk" - and being security resilient, says Jeetu Patel of Cisco.

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Financial Services Security IT Risk 245

Thales Cloud Protection & Licensing

AUGUST 31, 2022

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.

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Financial Services Cybersecurity Cloud Computer and Electronics 62

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

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Financial Services Insurance Data breaches Cybersecurity 64

OpenText Information Management

APRIL 19, 2021

It’s estimated that the financial services sector could see as much as $6 trillion in cybercrime damages in 2021. In fact, research shows that financial services firms are over 300 times more … The post Could digital fax be a secret weapon for cybersecurity in financial services?

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Financial Services Cybersecurity IT Insurance 64

Data Breach Today

JANUARY 10, 2024

Million Customers Notified of Breach; BlackCat Ransomware Group Claimed Credit Financial services giant Fidelity National Financial has confirmed that a November 2023 hack attack compromised personal information pertaining to 1.3 million customers of its LoanCare subsidiary.

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Financial Services Ransomware IT 308

Dark Reading

DECEMBER 8, 2020

Financial services companies' experience in risk management serves them well when it comes to minimizing their cyber-risk.

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Financial Services Compliance Cybersecurity Risk 91

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. Insurance and financial services are built on trust, so these changes will help organizations differentiate from competition.

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Financial Services Insurance Digital transformation Paper 82

Data Breach Today

APRIL 5, 2023

Josh Hankins of Qualys on Tips and Tricks He Learned as a Practitioner Before he became a chief technical security officer at Qualys, Josh Hankins was a cybersecurity leader in financial services. He learned how security audit failures are increasingly costly, and he devised new strategies for audit preparation.

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Financial Services Security IT Cybersecurity 147

IBM Big Data Hub

JULY 31, 2023

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe. Atruvia AG is one of the world’s leading banking service technology vendors. million customers.

Financial Services 52

Financial Services Digital transformation Computer and Electronics Analytics 52

IBM Big Data Hub

JANUARY 28, 2020

Any financial services firm using AI must revisit its approach to model risk management. Now, its upcoming model risk management capabilities address the challenges that financial services firms need to solve. The reason is that AI models are evolving faster than the rules-based models that were standard previously.

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Financial Services Big data Risk Compliance 84

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022. Cybersecurity Governance.

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Financial Services Cybersecurity Ransomware Compliance 55

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times. Customer service.

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Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

Thales Cloud Protection & Licensing

DECEMBER 5, 2018

One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Not only are breaches at record highs – with 65% of U.S. What’s driving these increases in breach rates?

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Financial Services Risk Digital transformation Data breaches 75

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times. lynsey.lawson@….

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Financial Services Government IT 52

IBM Big Data Hub

AUGUST 9, 2018

As any financial services executive knows, improving business results with precise, timely decisions is much harder than it looks.

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Financial Services Analytics IT 89

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

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Financial Services Security Digital transformation Encryption 62

Hunton Privacy

FEBRUARY 22, 2021

Lastly, the Alert provides recommendations to secure data, noting that (1) regulated entities should review whether it is necessary to display any NPI (even redacted NPI) and (2) NPI should not be displayed on public-facing sites unless there is a compelling reason to do so.

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Financial Services Insurance Cybersecurity Analytics 86

OpenText Information Management

FEBRUARY 12, 2019

We recently wrote a blog on how AI in Financial Services can improve customer experience. It came as a bit of a surprise as … The post AI in Financial Services is growing, but there’s a way to go appeared first on OpenText Blogs. It’s funny how the world works. Let me explain.

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Financial Services Customer Experience Digital transformation IT 55

OpenText Information Management

JANUARY 10, 2019

The New Year is upon us, and with it come new challenges and opportunities for the Financial Services industry.

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Financial Services Marketing IT Insurance 63

Data Breach Today

MAY 26, 2023

Hackers Obtained Access Through a Compromised Credential Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.

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Financial Services Cybersecurity Access IT 211

HL Chronicle of Data Protection

APRIL 17, 2020

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. For more information on the risks COVID-19 places on IT service providers and mitigating those risks, click here.

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Financial Services Risk Cybersecurity Phishing 75

IBM Big Data Hub

JUNE 10, 2019

Learn why finserv firm Capitalogix is climbing the ladder to AI to transform the financial services industry.

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Financial Services IT 64

Data Breach Today

MARCH 31, 2022

It also examines the invasion's impact on financial services and how to modernize security operations. This edition analyzes how hackers exploited a misconfigured VPN device, gained access to Viasat's satellite network and caused a massive outage in Europe as Russia's invasion of Ukraine began.

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Financial Services Access Security IT 300