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Banking on mainframe-led digital transformation for financial services

IBM Big Data Hub

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. Banks large and small have all likely failed on one or more modernization or migration initiatives.

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$8 million penalty to NYDFS – and another case of over-retention

Data Protection Report

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

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How Credit Unions Can Fight Back Against BIN Attacks

Rippleshot

Fortunately, credit unions have access to a variety of tools, resources, and expertise in their fight against fraudsters’ ever-changing tactics. When it comes to preventing card fraud, issuers need all the help they can get.

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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. The guide also serves as an educational resource on the latest security technologies.

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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. Cybernews contacted ICICI Bank and CERT-IN, and the company fixed the issue. million files belonging to ICICI Bank.

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Executive Order on access to Americans’ bulk sensitive data and Attorney General proposed regulations – Part 2

Data Protection Report

The proposed regulation would define the term to mean any “listed identifier” that is linked to any other “listed identifier.” China Cuba Iran North Korea Russia Venezuela What is “personally identifiable data” that is “in combination with each other”? Note that the only difference between the two examples is the addition of IP addresses.

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Zero Trust: Can It Be Implemented Outside the Cloud?

eSecurity Planet

All data sources and computing services are considered resources. Access to individual enterprise resources is granted on a per-session basis. All resource authentication and authorization are dynamic and strictly enforced before access is allowed. All communication is secured regardless of network location.

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