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

The Last Watchdog

DECEMBER 12, 2023

Findings reveal that organizations’ most prominent threats during 2023 are vulnerabilities not covered by common disclosure processes, like CVEs, and demonstrate the risks associated with an overly reliant approach to established methods.

Financial Services 100

Financial Services Risk Communications Marketing 100

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 98

Financial Services Privacy Personal data Marketing 98

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Compliance 57

Compliance Risk Government Retail 57

Thales Cloud Protection & Licensing

JANUARY 11, 2023

This webinar presents key findings from the 2022 Thales Cloud Security Study. Security & Compliance for SAP Data in Financial Services. Financial services companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements.

Compliance 83

Compliance Cloud Security Financial Services 83

Krebs on Security

APRIL 28, 2020

.” The couple have long had their credit cards on auto-payment, and the most recent payment was especially high — nearly $4,000 — thanks to a flurry of Christmas present purchases for friends and family. ” Image: Next Caller.

Financial Services 359

Financial Services Sales Authentication Risk 359

Data Protection Report

MAY 24, 2024

The AI update was published alongside a speech by chief executive Nikhil Rathi announcing the FCA’s plans to focus on Big Tech and Feedback Statement FS24/1 on data asymmetry between Big Tech and firms in financial services. See our update on the FCA’s plans for further detail.

Government 45

Government Risk Marketing Paper 45

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Black Friday and Cyber Monday, both hailed as the epitome of shopping extravagance, are also synonymous with a heightened risk of cyberattacks on retail platforms. It becomes, therefore, essential for retailers to consider the fresh insights provided by the Thales 2023 Data Threat Report – Financial Services Edition.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Security Affairs

OCTOBER 14, 2020

The payment of ransoms demanded by these criminals can incentivize further malicious cyber activity; benefit malign actors and fund illicit activities; and present a risk of money laundering, terrorist financing, and proliferation financing (ML/TF/PF), and other illicit financial activity.” ” continues the statement.

Ransomware 123

Ransomware IT Financial Services Data Privacy 123

Security Affairs

JUNE 20, 2023

These challenges are intensified in industries that handle large volumes of sensitive data under stringent regulations , such as financial services, healthcare, and government sectors. By recognizing the significance of data sovereignty, businesses can take measures to enhance data security and control, mitigating these risks.

Compliance 85

Compliance Cybersecurity Risk Encryption 85

Security Affairs

APRIL 20, 2023

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. ICICI Bank, an Indian multinational valued at more than $76 billion, has more than 5,000 branches across India and is present in at least another 15 countries worldwide.

Personal data 98

Personal data Phishing Risk Financial Services 98

eSecurity Planet

NOVEMBER 17, 2022

The answer, based on a couple of presentations at the conference, is that patching is incredibly difficult to get right, requiring way more attention than most companies can afford to give it. Art Ocain, VP for Cybersecurity and Incident Response at Airiam, noted that the managed security services provider patches as often as 10 times a day.

Cloud 135

Cloud Encryption Ransomware Cybersecurity 135

IBM Big Data Hub

MAY 9, 2023

Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. While the promise of AI isn’t guaranteed and may not come easy, adoption is no longer a choice. So what is stopping AI adoption today?

Data science 72

Data science Artificial Intelligence Metadata Compliance 72

The Last Watchdog

NOVEMBER 9, 2020

IoT risks have been a low-priority, subset concern. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. DigiCert is a leading supplier of digital certificates and related security services. This is not just all up to the company.

IoT 279

IoT Passwords Artificial Intelligence Risk 279

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. A hybrid working model creates new security risks for organisations – not least because data is frequently transferred between office-based and remote employees. Addressing technical vulnerabilities.

Compliance 119

Compliance Data breaches Privacy Risk 119

IBM Big Data Hub

OCTOBER 4, 2022

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Manual processes that introduce risk and make it hard to scale. Challenges around managing risk. Lack of confidence to operationalize AI.

Government 97

Government Artificial Intelligence Metadata Data science 97

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age.

Encryption 67

Encryption Data Privacy Compliance Cloud 67

The Last Watchdog

MAY 17, 2021

Here are the key takeaways: Cloud migration risks. The summer of 2019 was a heady time for the financial services industry. Her hack served as a wake-up call about the prevalence of fresh risks spinning out of cloud migration. For a full drill down on our conversation please give the accompanying podcast a listen.

Cloud 214

Cloud Security Risk Financial Services 214

Data Matters

AUGUST 22, 2018

On August 7, a group of regulators from 11 jurisdictions published a consultation (the Consultation) on the Global Financial Innovation Network (the GFIN), which aims to promote international cooperation on innovation and the use of technology in financial services (FinTech) and in regulatory processes (RegTech).

Financial Services 60

Financial Services Artificial Intelligence Blockchain Marketing 60

The Last Watchdog

MARCH 26, 2019

Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.

Security 145

Security Digital transformation Financial Services Risk 145

erwin

DECEMBER 20, 2018

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. for Financial Services. www.erwin.com/blog/data-governance-2-0-financial-services/. Data Governance 2.0

Government 40

Government Financial Services GDPR Data breaches 40

IBM Big Data Hub

SEPTEMBER 6, 2023

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” Unanticipated risks Good budgeting plans for risks. Balance: A way forward for financial planning and budgeting The secret is to find a balance.

Analytics 83

Analytics Marketing Artificial Intelligence Sales 83

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Compliance 67

Compliance Risk Government Retail 67

Thales Cloud Protection & Licensing

JANUARY 26, 2021

Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Online skimming is an adverse activity of stealing payment information during card-not-present transactions by infecting e-commerce sites with sniffers. Online skimming. Securing digital transactions.

Security 143

Security Retail Authentication Big data 143

Krebs on Security

OCTOBER 7, 2022

who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. None of the above discussion involves the risks affecting businesses that bank online.

Passwords 268

Passwords Financial Services IT Phishing 268

Data Protection Report

JANUARY 6, 2020

As a result, organisations need to revisit their current cookie consent mechanisms and notices and reassess their appetite to risk. The potential of AI is huge but so are the risks if legal, ethical, and cybersecurity considerations are not addressed at the outset. Conquer the world! Be one step ahead.

Privacy 85

Privacy GDPR Data breaches Risk 85

Data Protection Report

JANUARY 6, 2020

As a result, organisations need to revisit their current cookie consent mechanisms and notices and reassess their appetite to risk. The potential of AI is huge but so are the risks if legal, ethical, and cybersecurity considerations are not addressed at the outset. Conquer the world! Be one step ahead.

Privacy 52

Privacy GDPR Data breaches Risk 52

IBM Big Data Hub

JANUARY 12, 2024

Robust encryption, granular access controls and privacy-preserving techniques become imperative to counter the risks of unauthorized data access and use. Organizations must conduct meticulous due diligence on the legal landscapes of the cloud providers’ operational jurisdictions, ensuring alignment with data protection regulations.

Cloud 94

Cloud Data Privacy Encryption Privacy 94

IBM Big Data Hub

APRIL 18, 2024

It might analyze real-time data from cameras, LiDAR and other sensors to identify objects, assess risks and anticipate environmental changes like sudden weather events or unexpected obstacles. By analyzing historical data and medical trends, AGI might predict a patient’s specific potential risk of developing certain diseases.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

IBM Big Data Hub

JANUARY 18, 2024

Reduce operational costs and boost efficiency Chatbots present the option to reduce 24×7 staffing expenses or even eliminate after-hours staffing costs, provided your chatbots can effectively handle most questions. Boost sales AI-powered chatbots generate leads , encourage conversions and cross-sell.

Sales 86

Sales Artificial Intelligence Communications Marketing 86

Security Affairs

SEPTEMBER 12, 2018

The September 2018 Security Patch Day includes other 13 Security Notes, three were rated High severity, 9 Medium risk, and 1 Low severity. SAP today just released the September 2018 set of Security Notes that address a total of 14 flaws in its products, including a critical flaw in SAP Business Client.

Security 47

Security Financial Services Libraries Authentication 47

Everteam

APRIL 2, 2019

With their present portfolio and the now offered Everteam solutions, ImageFast has a complete product portfolio to address existing and new customers requirements. With fully defined and applied governance policies, you reduce risks, save money and meet privacy and data retention regulations. Learn more. > About Everteam.

Information governance 40

Information governance Marketing Government Digital transformation 40

Data Matters

SEPTEMBER 20, 2018

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

Financial Services 68

Financial Services Paper Marketing Privacy 68

Data Matters

NOVEMBER 2, 2021

Building off an existing futures trading relationship and its documentation presents advantages for the institutional investment manager. Some of the larger, well-known cryptocurrency market participants and service providers are beginning to offer institutional versions of their products to investment managers and their funds.

Blockchain 88

Blockchain Marketing Access Risk 88

IBM Big Data Hub

OCTOBER 23, 2023

Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency. The global average cost of a single data breach is USD 4.45

Cloud 85

Cloud Risk Compliance Data breaches 85

erwin

MAY 16, 2019

Today there’s an unprecedented, rapid rate of change across all industry sectors, even those that have been historically slow to innovate like healthcare and financial services. An enterprise architect provides a high-level view of the risks and benefits of a project and the alignment to future goals.

Marketing 87

Marketing Financial Services Access IT 87