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The importance of data quality in Financial Services


Financial services are highly regulated and maintain a strong focus on compliance and risk management. Considering that major financial organizations handle enormous amounts of data today, they require data accuracy and integrity at all times to minimize risks. What is data quality in financial services?

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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. Another “canary in the coal mine” episode showcasing this trend happened just last week, with a sizeable breach of HSBC U.S.


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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. Process mining . Streamlining HR onboarding.

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Process Excellence: A transformational lever to extreme automation

IBM Big Data Hub

All are transforming their procurement operations by leveraging state-of-the-art process mining and intelligent automation technology. A Process Mining exercise drawing data from enterprise SAP has helped measure KPI performance and define the transformation roadmap. dollars annually in direct or indirect procurement.

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NY Charges First American Financial for Massive Data Leak

Krebs on Security

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. The documents were available without authentication to anyone with a Web browser.

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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. .” reads the analysis published by Lumen Technologies. ” continues the report. .

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First American Financial Pays Farcical $500K Fine

Krebs on Security

However, documents from New York financial regulators show First American was unable to determine whether records were accessed prior to Jun 2018 (one year prior to fixing the weakness). According to the FBI, BEC scams are the most costly form of cybercrime today.

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