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.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

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.

Financial Services 70

Financial Services Cloud Compliance Risk 70

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.

Financial Services 244

Financial Services Security IT Risk 244

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.

Financial Services 110

Financial Services Cybersecurity Compliance Government 110

IBM Big Data Hub

JANUARY 28, 2020

Any financial services firm using AI must revisit its approach to model risk management. Watson OpenScale helps organizations validate and monitor AI models to enhance compliance with regulations, provide fair and explainable outcomes, and mitigate business risk.

Financial Services 84

Financial Services Big data Risk Compliance 84

Data Breach Today

NOVEMBER 10, 2020

Josh Magri of the Cyber Risk Institute Describes Enhancements to 'Cyber Profile' The Cyber Risk Institute this week is releasing a new version of its "Cyber Profile" risk assessment framework for the financial services industry that includes expanded information on third-party risk and cloud security.

Risk 176

Risk Financial Services Cloud Security 176

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.

Financial Services 75

Financial Services Risk Digital transformation Data breaches 75

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.

Financial Services 62

Financial Services Cybersecurity Computer and Electronics Cloud 62

Dark Reading

DECEMBER 8, 2020

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

Financial Services 91

Financial Services Compliance Cybersecurity Risk 91

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.

Financial Services 64

Financial Services Insurance Data breaches Cybersecurity 64

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. Third Party Risk. Remote Working. Third-party vendors may struggle to deal with COVID-19 restrictions.

Financial Services 75

Financial Services Risk Cybersecurity Phishing 75

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. On top of the time it requires, it can also expose organizations to security and compliance risks and increase the likelihood of human error.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 104

Risk Data breaches Authentication Financial Services 104

IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 67

Risk Artificial Intelligence Agriculture Financial Services 67

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. Penetration Testing, Vulnerability Assessments and Risk Assessments. The proposed amendments make significant changes to the technical requirements of the Cybersecurity Rule.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

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. Couldn’t execs have run better analyses to spot risks within the data? million customers.

Financial Services 54

Financial Services Digital transformation Computer and Electronics Analytics 54

The Last Watchdog

JULY 11, 2023

By using real-time antivirus scanning to detect and neutralize security risks as they enter the trading system, threats can be quickly identified and eliminated. Encryption renders data unreadable to unauthorized individuals, significantly reducing the risk of data breaches. Employ real-time antivirus scanning.

IT 189

IT Encryption Risk Financial Services 189

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.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 140

Risk Cybersecurity Encryption Access 140

Data Breach Today

SEPTEMBER 24, 2018

Qadium's Matt Kraning on Lessons Learned From Review of Top Financial Networks Financial service organizations have networks that are larger and more dynamic than ever - and so are their network security risks. Matt Kraning of Qadium shares the results of a new review and how organizations can respond to it.

Risk 135

Risk Financial Services Security IT 135

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

eSecurity Planet

FEBRUARY 26, 2024

3 Common Types of Cross-Site Scripting Attacks Top 5 Risks Associated with XSS Attacks How to Tell if You’re Vulnerable to XSS Attacks Can You Prevent Cross-Site Scripting? XSS attacks have multiple security and business risks, including credential theft and damaged company reputation.

Risk 104

Risk Financial Services Security Libraries 104

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Cloud 80

Cloud Financial Services Risk Business Services 80

Data Protection Report

APRIL 23, 2024

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

Financial Services 45

Financial Services IT Marketing Retail 45

Data Breach Today

OCTOBER 31, 2018

Banks have a new tool available for developing cyber risk management programs. In an interview, architects of the Financial Services Sector Cybersecurity Profile, Denyette DePierro and Josh Magri, describe how to use it. They'll offer more details at ISMG's Legal & Compliance Summit in New York on Nov.

Risk 129

Risk Financial Services Compliance Cybersecurity 129

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. Risk Assessments : NYDFS removed in its entirety the previously proposed requirement under Section 500.9(d)

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Data Breach Today

SEPTEMBER 23, 2021

CyberEdBoard Executive Member, Charmaine Valmonte, guest speaks at ISMG Virtual Cybersecurity Summit Asia: Financial Services Volmonte is VP, IT security and IT infrastructure, Aboitiz Group of Companies. She has more than 30 years of experience in the U.S. military and the private sector.

Security 167

Security Financial Services Military Risk 167

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Cloud 95

Cloud Financial Services Digital transformation Risk 95

Security Affairs

APRIL 6, 2023

A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.

IT 86

IT Financial Services Access Risk 86

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

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. It is important to remember that third- and fourth-party dependencies can open the door to additional levels of risk that must be managed.

Cloud 70

Cloud Financial Services Artificial Intelligence Digital transformation 70

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Customer Experience 78

Customer Experience Financial Services Cloud Compliance 78

IBM Big Data Hub

OCTOBER 10, 2023

Cyber risk is preeminent in today’s threat landscape, and that includes attacks on the software supply chain. These are referred to as supply chain risks, and they include vulnerable code that may be included from open source or third parties. Read more about the DevSecOps toolchains here.

Cloud 82

Cloud Financial Services Compliance Risk 82

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. Embracing an industry framework for security and compliance IBM Cloud Object Storage is a cloud service for storing large volumes of data.

Cloud 86

Cloud Financial Services Security Compliance 86

ForAllSecure

JANUARY 31, 2023

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

Cybersecurity 52

Cybersecurity IT Financial Services Risk 52