Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. History of Financial System. Shaped by several financial catastrophes of modern history, such as the Great Depression of 1929 and the Great Recession of 2007, the U.S.

Retail Banks’ Lofty Goals and Where to Start

InfoGoTo

Retail banks in the United States face a whole host of challenges including customer confidence, regulatory compliance, attracting new customers, cybersecurity, utilizing big data and mastering social media, to name a few. Given these challenges, it’s not so surprising that retail banks would align their priorities with these challenges. According to an article by The Financial Brand , retail banks’ top priorities include: using big data, AI and advanced analytics.

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Data Science Virtual Expert Panel Presented by AWS

Perficient Data & Analytics

Join us and our partner Amazon Web Services (AWS) for a virtual Q&A session on Wednesday, April 15. Perficient and the panel will be ready to answer questions about machine learning, services such as Amazon Personalize and Amazon Forecast , and more.

It’s time to think twice about retail loyalty programs

Thales eSecurity

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security.

Agile BI & Analytics is the Need of the Hour – Drive insights during Pandemic Uncertainty

Perficient Data & Analytics

For a Retail business – Blend Public and Enterprise Data to. Extend existing implementations or Stand up new service ( if needed ). Secure Framework for PII or Highly confidential data.

Keeping Up with New Data Protection Regulations

erwin

For example, many retailers have robust, data-driven e-commerce operations that are international. Smaller, more brick-and-mortar-focussed retailers may have had to start from scratch.

Is Your Customer Experience Future-Ready?

Reltio

How do you ensure security and privacy while personalizing the customer experience? It is an ongoing activity, constantly responding to the changes in market and customer expectations, new products and services, and technology evolution. Ankur Gupta, Sr.

#ModernDataMasters: Sarit Bose, Cognizant

Reltio

If you are going to create a single version of the truth it needs to be a single version of SECURED truth. Kate Tickner, Reltio. Sarit Bose is the Head of Business Analytics and Insights at Cognizant UK&I.

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#ModernDataMasters: Lewis Ownes, CEO Agile Solutions

Reltio

But it did give me the advantage of seeing how the data was being fed into the machines for personalisation and the use of algorithms for security even back then. “At Kate Tickner, Reltio.

#ModernDataMasters: Steve Whiting, Chief Operations Officer

Reltio

Ethical data management means you need data governance and data security by design – these initiatives are hard to retrofit. It’s called “Managing a Professional Services Firm” by David Maister. Kate Tickner, Reltio.

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Digital Intelligence and the Role of Data in Personalization

Perficient Data & Analytics

Next Gen Infrastructure (Wearables, Wifi, IoT, Robots, Security). We see CXOs – from retail and financial backgrounds – get hired on in healthcare spaces and tasked with digital disruption in Healthcare organizations, and beyond.

Common Ingestion Framework

Perficient Data & Analytics

May it be healthcare, retail, finance or manufacturing, everyone is at different stages in their journey to create their industry-grade, enterprise-ready Data Lake repository. Big Data is the way to move forward for all enterprises today.

4 Industries That Have to Fight the Hardest Against Cyberattacks

Security Affairs

Society’s dependence on internet-based technologies means security professionals must defend against cyberattacks as well as more traditional threats, such as robbers or disgruntled employees. There are also instances of hospitals being unable to perform fundamental services.

NEW TECH: Cequence Security deploys defense against botnets’ assault on business logic

The Last Watchdog

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. It becomes difficult to build security into the application when you are doing that frequent of a change and you end up more exposed to risk.

NEW TECH: Cequence Security launches platform to shield apps, APIs from malicious botnets

The Last Watchdog

Cyber criminals are deploying the very latest in automated weaponry, namely botnets, to financially plunder corporate networks. The attackers have a vast, pliable attack surface to bombard: essentially all of the externally-facing web apps, mobile apps and API services that organizations are increasingly embracing, in order to stay in step with digital transformation. And innovation is percolating among newer entrants, like PerimeterX, Shape Security and Signal Sciences.

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California IT service provider Synoptek pays ransom after Sodinokibi attack

Security Affairs

Synoptek, A California-based IT service provider decided to pay the ransom to decrypt its files after being infected with the Sodinokibi ransomware. ” T he IT service provider confirmed the attack but did not comment on whether it paid the ransom asked by the crooks. “On

Ransomware at IT Services Provider Synoptek

Krebs on Security

Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources.

Hackers stole $60 Million worth of cryptocurrencies from Japanese Zaif exchange

Security Affairs

“Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability despite recent efforts by authorities to make it more secure.” Security Affairs – Zaif exchange, hacking ).

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Alleged SIM Swapper Arrested in California

Krebs on Security

The arrest is the third known law enforcement action this month targeting “SIM swappers,” individuals who specialize in stealing wireless phone numbers and hijacking online financial and social media accounts tied to those numbers. Authorities in Santa Clara, Calif.

TA505 Group adds new ServHelper Backdoor and FlawedGrace RAT to its arsenal

Security Affairs

Security researchers at Proofpoint researchers discovered two strains of malware tracked as ServHelper and FlawedGrace distributed through phishing campaigns by the TA505 crime gang. Breaking News Cyber Crime Malware Cybercrime Hacking Pierluigi Paganini Security Affairs TA505

MY TAKE: Here’s how ‘bulletproof proxies’ help criminals put compromised IoT devices to work

The Last Watchdog

namely smart refrigerators, garage doors, home routers and the like – nearly quadrupled for the retail and financial services sectors. This stunning intel comes in a study from Cequence Security , a Sunnyvale, CA-based vendor focused on helping companies defend against such attacks. Just the other day, Krebs broke another story about what he’s calling “bulletproof residential VPN services.”

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Oracle critical patch advisory addresses 284 flaws, 33 critical

Security Affairs

The bug affected the OCA’s Diameter Signalling Router component and its Communications Services Gatekeeper. The flaw also affected the Financial Services Analytical Applications Infrastructure, the Fusion Middleware MapViewer, and four three Oracle Retail components. The post Oracle critical patch advisory addresses 284 flaws, 33 critical appeared first on Security Affairs. Breaking News Security Oracle Pierluigi Paganini Security Affairs

Akamai Report: Credential stuffing attacks are a growing threat

Security Affairs

According to Akamai report titled “[state of the internet] / security CREDENTIAL STUFFING ATTACKS “ the credential stuffing attacks are a growing threat and often underestimated. Security Affairs – credential stuffing, hacking ).

NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

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. One might assume top-tier financial services firms and healthcare vendors would have solved third-party cyber exposures by now.

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

There’s a frantic scramble going on among those responsible for network security at organizations across all sectors. Enterprises have dumped small fortunes into stocking their SOCs (security operations centers) with the best firewalls, anti-malware suites, intrusion detection, data loss prevention and sandbox detonators money can buy. Enter SOAR, the acronym for “security operations, analytics and reporting.”

Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Cryptoassets cannot be physically possessed, so they cannot be the object of a bailment, and only some types of security can be granted over them. Distributed ledger and blockchain-based projects are being launched in a wide range of different industries, from retail consumer goods to pharmaceuticals and electricity and power networks to global shipping. European Union Financial Privacy FinTech International

Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Cryptoassets cannot be physically possessed, so they cannot be the object of a bailment, and only some types of security can be granted over them. Distributed ledger and blockchain-based projects are being launched in a wide range of different industries, from retail consumer goods to pharmaceuticals and electricity and power networks to global shipping. European Union Financial Privacy FinTech International

Medical Thrillers and Digital Transformation

Perficient Data & Analytics

In reality, digital experience has been a priority to all industries including healthcare, retail, banking, and others. Customer services reps want to know everything there is about their customers when their phone rings.

Finance sector must simplify staff awareness training

IT Governance

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). The findings are the result of a discussion between 175 organisation, aiming to address security concerns in the fund and investment management, insurance, retail banking, and retail investment and lending sectors. What should financial organisations be doing? How Cyber Security as a Service helps.

Cognitive Agents to Improve User Experience

Perficient Data & Analytics

This self-service technology is capable of understanding human language to provide accurate information and quickly direct users to the next optimal step. This technology can also improve data security, customer and employee experience, and visibility over business processes. Others have also seen benefits by combining cognitive agents with internal processes to do things like speed up on-boarding processes and reduce security concerns and errors. . In a world where over 2.5

Consumer concerns over GDPR should set alarm bells ringing for businesses

Thales eSecurity

Despite the NHS falling victim to the devastating WannaCry ransomware outbreak in May, healthcare providers still fared better than other industries, with only six per cent of UK consumers revealing they trusted retailers. Our own Data Threat Report released earlier this year found that two in five retailers across the globe experienced a data breach in the last year. Data securityJim DeLorenzo, Solutions Marketing Manager, Thales eSecurity.

Too small to serve, too big to ignore

CGI

Another key characteristic of this first year was the strong focus on the retail business, which helped the industry to appreciate the complexities of Open Banking from a retail customer perspective. Ironically, this customer segment usually does have access to a business bank account, but in reality are often unable to obtain the financial services they need. The financial needs of small businesses are often time critical. Too small to serve, too big to ignore.

The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

What’s more, it’s poised to spill over from financial services into a wide range of industries. In fact, NASDAQ developed an exchange for private securities called Linq in 2015. The blockchain bowling alley: How distributed ledger technology goes mainstream. harini.kottees….

Federal Agency Data is Under Siege

Thales eSecurity

With more than 65,000 employees in 56 countries, Thales is a global leader in technology solutions for the aerospace, transport, defence and security markets. Its unique capabilities include the design and deployment of equipment, systems and services to meet complex security requirements.

FTC Settles Charges of Improper Disposal of Personal Information

Hunton Privacy

In its complaint , the FTC maintained that PLS Financial Services, Inc., and The Payday Loan Store of Illinois violated the FTC’s Disposal Rule as well as the Gramm-Leach-Bliley Act’s Privacy Rule and Safeguards Rule by disposing of documents that contained consumers’ Social Security numbers, bank account numbers and credit reports in unsecured dumpsters near the companies’ payday lending and check cashing retail stores. Enforcement Financial Privacy U.S.

Open APIs: A coming of age

CGI

One of the hottest topics at this year’s Sibos conference in Geneva, Switzerland was open APIs (application programming interfaces), and how their introduction is causing concern among some financial institutions, while offering promising opportunities for early adopters. Regulations, such as Europe’s revised Payment Services Directive (PSD2) and others, is driving the move toward open APIs in financial services, and this blog explores some of the key technical issues discussed at Sibos.

Debate Continues on the Future of US Privacy Regulation from California to Capitol Hill

Data Matters

On December 6, the Business Roundtable – a group of over 200 retailers, banks and technology companies – released its own recommendations for privacy legislation, calling for a federal law that would preempt state data privacy laws like the new California Consumer Privacy Act and eliminate the patchwork of state and local data privacy laws.

A consumer perspective on FinTech disruption (part 1)

CGI

Today’s banks are facing a number of unprecedented challenges, including the rise in financial technology (FinTech) firms. Our survey examined the following: Value placed on these services by consumers. Most valued services. Percentage of consumers who value each service.

The Business of Data Newsletter – Issue 7 (7 December 2018)

Information Matters

“Seven out of 10 UK consumers and two-thirds, on average, around the world would stop doing business with a brand that suffers a breach of users’ financial or personal data. Retailers are most at risk globally, with 62% of respondents willing to walk away after a data breach, followed by banks (59%) and social media sites (58%), according to a survey of 10,500 consumers by digital security firm Gemalto.”

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The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

What’s more, it’s poised to spill over from financial services into a wide range of industries. In fact, NASDAQ developed an exchange for private securities called Linq in 2015. In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering. The blockchain bowling alley: How distributed ledger technology goes mainstream. adrian.alleyne…. Sat, 07/28/2018 - 02:40.