article thumbnail

The importance of data quality in Financial Services

Collibra

Financial services are highly regulated and maintain a strong focus on compliance and risk management. Constantly monitoring data and also reporting it to the regulatory authority is their top priority. What is data quality in financial services? Pattern mining.

article thumbnail

Financial Services Data – More at risk than you’d believe

Thales Cloud Protection & Licensing

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. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates.

Insiders

Sign Up for our Newsletter

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

article thumbnail

First American Financial Pays Farcical $500K Fine

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years.

article thumbnail

NY Charges First American Financial for Massive Data Leak

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. It employs some 18,000 people and brought in $6.2 First American released its first quarter 2020 earnings today.

article thumbnail

ABBYY Releases Research: State of Process Mining and Robotic Process Automation

Info Source

Global survey results released today found that process knowledge is the primary success factor for robotic process automation (RPA) projects, yet only 31% of US organizations are currently using process mining tools to understand their processes. Financial planning & decision-making.

Mining 52
article thumbnail

#ModernDataMasters: Mike Evans, Chief Technology Officer

Reltio

It became apparent very quickly that a lack of focus on data was the root cause. If there’s one lesson I’ve learnt, it’s that you can’t cut corners in MDM. It is as much to do with changing the culture of a company and embracing the value of data, as it is about technology or process.”. How would you define “modern” data management and what does it /should it mean for organisations that adopt it? It is what drives them. Kate Tickner, Reltio.

MDM 75
article thumbnail

#ModernDataMasters: Steve Whiting, Chief Operations Officer

Reltio

I eventually came to join Agile in its former guise moving from Consulting into Sales where I met my future business partner and Agile’s current CEO, Owen Lewis. It’s all about stakeholder management and engagement; delivering on your promises and strengthening the foundations between IT and the business – that’s where we come in. How would you define “modern” data management and what does it /should it mean for organisations that adopt it?

MDM 40
article thumbnail

Go-based Chaos malware is rapidly growing targeting Windows, Linux and more

Security Affairs

The experts were able to enumerate the C2s and targets of multiple distinct Chaos clusters, some of which were employed in recent DDoS attacks against the gaming, financial services and technology, and media and entertainment industries.

Mining 104
article thumbnail

ABBYY Partners with Alteryx Extending the Alteryx Analytic Process Automation Platform with Deeper Process Intelligence

Info Source

6, 2020 – ABBYY , a Digital Intelligence company, announced today that it has partnered with Alteryx, Inc. The Alteryx APA Platform unifies analytics, data science and data-centric process automation in one self-service platform. We see examples in financial services, insurance, transportation and logistics, healthcare and other industries where gaps in insight can have a huge impact on the customer experience.

article thumbnail

It’s time to think twice about retail loyalty programs

Thales Cloud Protection & Licensing

In this case, it looks as though the attackers had been on the Starwood network for somewhere around three years, mining out their reservations database (keep in mind that Marriott only acquired Starwood in 2016 ). But it looks like my own personal data has been breached – again. Are they just convinced it won’t happen on their watch (also referred to as “visiting de Nile” at my house)? Whatever the reason, it’s an appalling attitude. You should consider it too.

Cloud 66
article thumbnail

Artificial Intelligence: 6 Step Solution Decomposition Process

Bill Schmarzo - Dell EMC

It’s simple. Note: throughout this blog, when I use the term “artificial intelligence,” I mean that to include other advanced analytics such as deep learning, machine learning (supervised, unsupervised, reinforcement), data mining, predictive analytics, and statistics (see Figure 1). The power of this process is its simplicity. Installing an “Analytics as a Service” platform is not a business initiative. Compelling and material financial impact (ROI).

article thumbnail

Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

One of the best ways to fight fraud is by detecting it early, such as through fraud detection software and tools. It can monitor related users’ behavior to better track down potential organized criminal activity, corruption, and misuse. The platform is not without its flaws however.

Analytics 104
article thumbnail

Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

It’s run by a fraud ring of cryptocurrency scammers who mine dating apps and other social media for victims and the scam is becoming alarmingly popular.” It’s a major problem with no easy answers, but also with victim volumes I’ve never seen before.

Marketing 307
article thumbnail

What is a Cyberattack? Types and Defenses

eSecurity Planet

These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Capital markets, insurance, financial services, and banking are now online.

Phishing 134
article thumbnail

MY TAKE: Here’s why we need ‘SecOps’ to help secure ‘Cloud Native’ companiess

The Last Watchdog

Speed and agility is the name of the game — especially for Software as a Service (SaaS) companies. DevOps is a process designed to foster intensive collaboration between software developers and the IT operations team, two disciplines that traditionally have functioned as isolated silos with the technology department. Poor configuration of cloud services can translate into gaping vulnerabilities—and low hanging fruit for hackers, the recent Tesla hack being a prime example.

Cloud 147
article thumbnail

Oracle critical patch advisory addresses 284 flaws, 33 critical

Security Affairs

The bug affected the OCA’s Diameter Signalling Router component and its Communications Services Gatekeeper. The flaw also affected the Financial Services Analytical Applications Infrastructure, the Fusion Middleware MapViewer, and four three Oracle Retail components. Oracle released the first critical patch advisory for 2019 that addresses a total of 284 vulnerabilities, 33 of them are rated “critical”.

article thumbnail

Expect More Spam Calls and SIM-Card Scams: 400 Million Phone Numbers Exposed

Adam Levin

As much as I love this one friend of mine, nothing is private when we’re together. The relationship is really great so you stay friends despite all, but this particular friend simply cannot know something about you without sharing it with others no matter how hard you try to get them to understand it’s totally uncool. . It’s a sad state of Facebook privacy news fatigue that the urge is so strong to create privacy fail sub-categories—but there you have it.

Mining 79
article thumbnail

Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

Some 27 percent of IT professionals who partook in a survey conducted by next-gen firewall supplier Imperva at RSA 2018 reported receiving more than 1 million security alerts daily. SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity.

article thumbnail

ABBYY Acquires TimelinePI to Strengthen Leadership Role in Digital Transformation

Info Source

Aug 5, 2019 – ABBYY , a global leader in Digital IQ technologies and solutions, today announced it has completed the acquisition of TimelinePI , a Philadelphia, Pennsylvania-based developer of a comprehensive process intelligence platform designed to empower users to understand, monitor and optimize any business process. Each of these services follow different business processes and require specific supporting documentation needed to verify employment, assets, income and identity.

article thumbnail

Q&A: How emulating attacks in a live environment can more pervasively protect complex networks

The Last Watchdog

But it has also become a delicate balancing act. Spirent Communications , an 82-year-old British supplier of network performance testing equipment, recently decided to branch into cybersecurity services by tackling this dilemma head on. Spirent pivoted into security testing two years ago with the launch of its CyberFlood security and application performance testing platform. DeSanto: When you think about it, security and performance are usually hooked at the hip.

Honeypots 102
article thumbnail

SHARED INTEL: APIs hook up new web and mobile apps — and break attack vectors wide open

The Last Watchdog

Here are a few key takeaways: Cool new experiences Amazon Web Services, Microsoft Azure, Google Cloud and Alibaba Cloud supply computer processing and data storage as a utility. DevOps has decentralized the creation and delivery of smart applications that can mine humongous data sets to create cool new user experiences. The services on that smartphone you’re holding makes use of hundreds of unique APIs. It just keeps happening over and over again,” he says.

article thumbnail

NYDFS Announces a Series of Virtual Currency Initiatives

Data Matters

On June 24, 2020, the New York State Department of Financial Service (NYDFS) announced a series of virtual currency initiatives aimed at providing additional opportunities and clarity for BitLicense and limited-purpose trust company applicants and licensees. The NYDFS’s press announcement stated that these initiatives were developed based on feedback from the industry to make it easier for virtual currency companies to successfully operate in New York.

Mining 68
article thumbnail

Ephesoft Launches Context Driven Productivity at Enterprise Productivity Summit

Info Source

Semantik Invoice not only extracts data from a particular invoice but it also captures the contextual information to connect it with other related data sources and content in the process—such as purchase orders, shipping manifests and other vendor related data.

article thumbnail

Top GRC Tools & Software for 2021

eSecurity Planet

It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. IT risk management.

Retail 69
article thumbnail

Leaders need the technical detail

MIKE 2.0

I recently heard a financial services executive on the radio talking about Bitcoin. When a listener asked him to explain what it was, he couldn’t. If the thing a business does well, such as issue credit cards, sell books or make trains is challenged by a new technology then it can bring the whole enterprise down. If any of these claims, and many like them, are true then it is safe to say that many businesses that exist today will be extinct in a few short years.

article thumbnail

Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. IT risk management.

article thumbnail

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

Reltio

This can result in severe consequences for example you could merge the health or financial records of two separate people that could impact treatment or cause monetary issues. In Reltio it is possible to get recommended matches with rules and using AI/ML (within Reltio Match IQ).

Mining 52
article thumbnail

After the Token Act: A New Data Economy Driven By Small Business Entrepreneurship

John Battelle's Searchblog

Well, Walmart vs. Amazon is all about big business – a platform giant (Amazon) disrupting an OldBigCo (Walmart and its kin). The Token Act levels the playing field, forcing both to win where it really matters: In service to the customer. But while BigCos are sexy and well known, it’s the small and medium-sized business ecosystem that determines whether or not we have an economy of mass flourishing. Food Delivery Services. Transportation Services.

Retail 53
article thumbnail

Federal Agency Data is Under Siege

Thales Cloud Protection & Licensing

Its unique capabilities include the design and deployment of equipment, systems and services to meet complex security requirements. Question: Can you provide an overview of the 2018 Thales Data Threat Report, Federal Edition, and elaborate why it’s needed today more than ever? federal IT leaders about data security, data breaches, spending practices, and a gamut of other security-related issues. I think it’s worth further expanding on our cloud technology findings.

Cloud 48
article thumbnail

The Hacker Mind Podcast: Hacking APIs

ForAllSecure

So how hard is it to hack APIs? During the pandemic sales of the Home Fitness cycle peloton grew massively, given its popularity, it's natural that security researchers would want to take a look. Well, it turns out that OAuth also publishes a list of the top API security risks.

article thumbnail

The Hacker Mind Podcast: Hacking APIs

ForAllSecure

So how hard is it to hack APIs? During the pandemic sales of the Home Fitness cycle peloton grew massively, given its popularity, it's natural that security researchers would want to take a look. Well, it turns out that OAuth also publishes a list of the top API security risks.

article thumbnail

The Hacker Mind Podcast: DEF CON Villages

ForAllSecure

DEF CON is 30 years old this year, and it’s bigger and better in part because of topic-specific villages. In Sin City, it's the Insect Invasion. Vamosi: I first attended DEF CON in 2000 when it was still at the Alexis Park Hotel, just off the Strip. Currently it's $300 a ticket. I went on to speak at DEF CON 18 When it was held in the Riviera. Vamosi: DEF CON moved to the Rio for a few years, and now it's at Caesars well. It's a lockpick village.

article thumbnail

"In Search of Objectivity" or "Listening to Those We Often Ignore"

Positively RIM

First the RIM part: The Records Director of a large financial services corporation called to ask for help implementing an enterprise RIM program. This RIM program will only meet its goals if it receives universal endorsement or, minimally, grudging participation. There, relatives from the generation before and after mine asserted opinions that they declared The Political Truth. No one gets it right all the time.

article thumbnail

The ONE Key Aspect of DB2 for z/OS Table-Controlled Partitioning that People Seem Most Likely to Forget

Robert's Db2

Table-controlled partitioning is so called to distinguish it from index-controlled partitioning, which for years and years was the only way to assign a table's rows to table space partitions based on the value of a user-specified partitioning key: you created a partitioning index for a table, and in the definition of that index you associated table space partitions with ranges of the partitioning key. Could you take advantage of it? Have you taken advantage of it?

Mining 48