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Toyota Financial Services discloses a data breach

Security Affairs

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

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The EDPB Opinion on training AI models using personal data and recent Garante fine – lawful deployment of LLMs

Data Protection Report

The final days of 2024 were very eventful in the world of AI and data protection: the European Data Protection Board ( EDPB ) published its Article 64 General Data Protection Regulation ( GDPR) opinion on training AI models using personal data (the EDPB Opinion). Relying on legitimate interests?

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Analytics and AI in Financial Services: Shifting from Efficiency to Customer-Centric Innovation

OpenText Information Management

As an interesting fact, McKinsey (3) reports that banks that personalize customer interactions can increase revenue by 10-15% and reduce churn by up to 30%. Also, Jim Marous , a leading financial services influencer during a recent webinar , said it best: Banks know more about their customers than the customers know themselves.

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First American Title Insurance Co. Faces Charges in NY

Data Breach Today

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

Insurance 231
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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.

Insurance 354
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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

The Draft Measures regulate the processing of electronic data collected and generated during the course of business activities that are under the supervision and management of PBOC (“ Regulated Data ”). Instead, the Draft Measures only briefly state that existing rules regarding data localization and cross-border data transfers (e.g.

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An ongoing Qbot campaign targeted customers of tens of US banks

Security Affairs

link] [link] [link] associated with financial services to capture credentials. The targets changed and features were added, but it’s still primarily about keylogging and, secondarily, about extracting a victim’s personal data.” Qbot monitors the victim’s web traffic searching for specific strings (i.e.

Phishing 346