Key Drivers to Enable Digital Transformation in Financial Services

Data Breach Today

Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation.

Key Drivers to Enable Digital Transformation in Financial Services

Data Breach Today

Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation.

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[Guide] Designing a Data Governance Program in Financial Services

Perficient Data & Analytics

logs from transaction systems, routers, servers, firewalls) to bolster security and generate real-time alerts for issues potentially affecting enterprise operations or system and network performance. database software, servers, routers, firewalls, security appliances).

Components of a Data Governance Strategy in Financial Services

Perficient Data & Analytics

Previously, I analyzed the types of data in a governance program for financial services companies. Data Security & Privacy. Requesting access to data should be automated through workflows to facilitate and speed the servicing of requests as to not hinder productivity.

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.

Initiating a Data Governance Program in Financial Services

Perficient Data & Analytics

To learn more about the components of a data governance program and the steps to take to remediate any weaknesses that can compromise the quality and security of a firm’s data; download our guide here or click the link below.

NYDFS 500 and GDPR in Financial Services – Actions to Take Now

Perficient Data & Analytics

The first step any financial institution must take in its response to the laws is to evaluate its exposure and current capabilities in protecting sensitive business and customer data. Implement: Technical services are required to create/ update cybersecurity policies and procedures.

[Guide] Data Privacy Laws in Financial Services: NYDFS 500 & GDPR

Perficient Data & Analytics

It is typically called personally identifiable information (PII) and can be any combination of a person’s name, address, social security number, phone number, email address, bank/financial account number, credit/debit card number, biometric records, health records, or other information. New York State Department of Financial Services (NYDFS 500) and General Data Protection Regulation (GDPR) are two important privacy laws with which many financial services institutions must comply.

New: 2019 State of the Internet / Security: Financial Services Attack Economy

Dark Reading

Every organization should be paying attention to the attacks targeting financial services systems

Financial Services Data – More at risk than you’d believe

Thales eSecurity

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. Data security

Financial Services Sector Rife with Hidden Tunnels


Hacks Vulnerabilities Web Security attack technique data exfiltration Equifax breach financial services hidden tunnels uptickAttackers use the approach to look like legitimate traffic and hide data exfiltration in plain sight.

Five benefits of eDiscovery software for Financial Services

OpenText Information Management

Financial Service organizations are among the most highly regulated industries and routinely face a myriad of compliance and administrative proceedings. Discovery best eDiscovery software ediscovery financial services machine learning Predictive Coding TAR

Salesforce DMP, Financial Services Cloud & B2B Analytics Intro

Perficient Data & Analytics

What You Need to Know About Financial Services Cloud. Field Service Updates in Summer ’18 that Will Change How You Work. Self-Service or Bust: Why Connected Customer Portals are Vital to Customer Experience. Must-Know Salesforce Updates.

OpenText STP Financial Hub revolutionizes workflows in the Financial Services sector

OpenText Information Management

Recently, we completed an onboarding for a new corporate … The post OpenText STP Financial Hub revolutionizes workflows in the Financial Services sector appeared first on OpenText Blogs.

President Trump Signs Financial Services Regulatory Reform Legislation

Data Matters

The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services.

NY Investigates Exposure of 885 Million Mortgage Documents

Krebs on Security

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. First American says it has hired a third-party security firm to investigate, and that it shut down external access to the records.

An introduction to 360 degree threat detection

OpenText Information Management

According to Accenture, the cost of cybercrime to US Financial Services companies rose 40% between 2014 and 2017, on average costing companies over $18 million per year.

NYDFS 500: Why the Regulation?

Perficient Data & Analytics

Previously, I discussed data privacy laws, specifically involving New York State Department of Financial Services (NYDFS) 23 NYCRR 500. For more information on NYDFS 500 and GDPR laws and regulations on the financial services industry, please download our guide here , or click below.

NY Department of Financial Services Issues Reminder for Cybersecurity Filing Deadline

Hunton Privacy

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018. As DFS continues to implement its landmark cybersecurity regulation, we will take proactive steps to protect our financial services industry from cyber criminals.”.

Financial Industry Trends Focused on Information Management Challenges in 2019


Financial services firms saw mounting information management challenges in 2019. As the volume and variety of data grows, so do threats from hackers, posing security concerns for organizations and customers alike. Financial Services data information management

Striking a balance between security and usability of sensitive data

OpenText Information Management

Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.

Using Machine Learning To Gain an Edge in The Financial Services Market


When discussions about fraud, payments and security arise, you won't get long into a converstion before machine learning and artificial intelligence (AI) come into the mix. Through the application of high-performance software, machine learning technology has created advanced computing abilities that have a broad-scale reach for community banks that allow them to better compete against the bigger banks.

Leveraging Blockchain Integration to Meet Information Governance Challenges


Blockchain integration is one of the hottest technology topics in the business world today, with financial services and healthcare sectors leading the way in exploring how to integrate blockchain into their organizations. A Financial Services Roadblock.

ThreatList: Bad Bots Account for a Fifth of All Web Traffic, FinServ Hit the Worst


The financial services industry sees nearly half of all website traffic coming from malicious bots. Most Recent ThreatLists Web Security advanced persistent bots bad bot report 2019 distil networks financial services percentage of web traffic threatlist

What You Need to Know About Storing Financial Data in the Cloud


In light of recent malware attacks that affected financial services customers’ data stored in the cloud, organizations should take a hard look at how they’re securing their financial information. Work with a Seasoned Cloud Security Expert.

Emergence of Blockchain in Finance Requires Secure, Streamlined Data Management


Blockchain in finance is advancing as financial services providers and regulators look into the different ways cryptocurrencies will impact payments, value exchange and other elements of the financial landscape.

ARMA and AIEF Issue Special Edition Publication: Blockchain, AI, Accounting Records, and other IG topics covered

IG Guru

AIEF Archives ARMA Audit Blockchain Business Compliance IG News Information Governance information privacy information security Privacy Record Retention Records Management Risk News Sponsored Accounting Records AI Documentation Financial Services Retention

Keeping Up with New Data Protection Regulations


A robust and effective data governance initiative ensures an organization understands where security should be focussed.

Improve your data relationships with third parties


Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Data – especially personal data – must be kept safe and secure and be able to be used operationally after an incident.

Business Process Modeling Use Cases and Definition


The visualization process can aid in an organization’s ability to understand the security risks associated with a particular process. This also extends to industry-specific other compliance mandates such as those in healthcare, pharmaceutical and the financial services industries.

How AI-Driven Information Extraction Can Transform 3 Huge Industries


Software can also scour unstructured sources such as text documents and emails to identify information like addresses or Social Security numbers without requiring that data to be labeled explicitly.

Obama Proposes New Financial Services Consumer Protection Agency

Hunton Privacy

The Obama Administration today formally announced its sweeping proposal for new regulation of the financial industry. The proposal raises a number of privacy and data security questions, such as the role of the new financial services consumer protection agency in protecting privacy and data security and the continued role of the Federal Trade Commission as the lead agency in this area.

eNotes vs eClose – The Full Digital Experience


There are other documents worth discussing that impact a full eClose capability, such as title policies and security instruments, also known as trailing documents or final documents. County Recorders: A security instrument requires recordation at the county.

Reltio Cloud – A Data Platform Perfect For Google Anthos


The last Google Cloud Next’19 conference had a focus on better enabling enterprises to adopt a multi-cloud architecture with announcements of tools that address concerns around security, “vendor lock-in”, code migration between clouds, and support of open source.

MDM 82

Congress Hears Ideas for Battling ID Theft

Data Breach Today

Experts Call for Rethinking Identity Management in Financial Services Sector As cybercriminals adopt new methods to steal and manipulate victims' identities, the U.S.

Kali Project Encryption and Isolation Using Vagrant and BitLocker

Perficient Data & Analytics

For more information, or for help assessing the security of your web applications, just contact us at Perficient. Imagine that you work on different engagements or projects in which Kali Linux is one of your primary tools.

Is Your Customer Experience Future-Ready?


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.