Three use cases for cloud fax in financial services

OpenText Information Management

Fax is so secure that faxed documents and signatures are recognized in the courts as being legally binding. It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better?

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. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity. Customers demand a seamless experience across all digital channels

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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. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity. Customers demand a seamless experience across all digital channels

[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. Data that is accurate, timely, complete, and secure is paramount to providing customers with the ultimate experience they demand. database software, servers, routers, firewalls, security appliances). Data is the lifeblood of any company.

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. Data & Analytics Financial Services data governance Data Governance Strategy in Financial Services Data Strategy financial services data financial services data governance

[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.

Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny. History of Financial System. financial system continues to evolve in response to changing regulations. Financial Services Industry Overview.

Financial Services Sector Rife with Hidden Tunnels

Threatpost

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.

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. For more information on NYDFS 500 and GDPR laws and regulations on the financial services industry, please download our guide here , or click below.

The Pulse of ITAD: New Financial Services Webinar

InfoGoTo

Recent IDG research reveals that Financial Services organizations are working to bring their IT asset disposition (ITAD) programs in line with corporate sustainability and security goals.

Social Media and the Financial Services Industry

InfoGoTo

Over the last seven years, the financial services industry has increasingly adopted social media platforms. However, the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) all have rules and retention requirements about communicating with the public, including via social media. Financial Services FINRA social media social media platforms

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. Prominent financial regulators like the UK Serious Fraud Office and the US Securities and Exchange Commission have already adopted the best eDiscovery (electronic discovery) solutions available to enhance their own reviews.

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. Gartner Names Salesforce a Leader in Magic Quadrant for Enterprise High-Productivity Application Platform as a Service. What You Need to Know About Financial Services Cloud: A Case Study. Must-Know Salesforce Updates.

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. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates. Check out our data security solutions , and follow us on Twitter , LinkedIn and Facebook.

New York Department of Financial Services Released New Guidance Addressing COVID-19 Related Cybersecurity Risks

HL Chronicle of Data Protection

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic. The guidance details several of these vulnerabilities and NYDFS’ views on how to address them: Secure Connections – ensure VPNs are secure and require multi-factor authentication to access.

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

OpenText STP Financial Hub revolutionizes workflows in the Financial Services sector

OpenText Information Management

It’s been a busy 2018 here on our OpenText™ Straight Through Processing (STP) for Securities (STP Financial Hub) platform, with many new clients discovering the benefits of our powerful workflow engine and flexible connectivity methods, along with our constant improvement and enhancement process for our existing clients.

Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

NY Department of Financial Services Issues Guidance to Regulated Entities Regarding Cybersecurity During the COVID-19 Pandemic

Hunton Privacy

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic. Information Security Workplace Privacy Coronavirus/COVID-19 Mobile Device New York Personal Data Telecommunications

NY Charges First American Financial for Massive Data Leak

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. Securities and Exchange Commission each announced they were investigating the company.

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

Rippleshot

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.

Spearphishing Attack Spoofs Microsoft.com to Target 200M Office 365 Users

Threatpost

Web Security exact domain spoofing financial services Healthcare Ironscales manufacturing Microsoft Office 365 spearphishing Spoofing telecom utilities vertical markets

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. Add to this much tighter data protection regulations – such as those in the US and Europe – and the need for endpoint security becomes clear.

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.”.

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. That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful. ” A Little Sunshine Data Breaches First American Financial Corp.

Oracle Kills 402 Bugs in Massive October Patch Update

Threatpost

Over half of Oracle's flaws in its quarterly patch update can be remotely exploitable without authentication; two have CVSS scores of 10 out of 10.

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. Nonpublic information means all electronic information that is not publicly available information and is: Business-related information of a covered entity the tampering with which, or unauthorized disclosure, access or use of which, would cause a material adverse impact to the business, operations or security of the covered entity.

Akamai Talks Massive Uptick in Credential-Stuffing Attacks Against Bank APIs

Threatpost

Researchers with Akamai say that 75 percent of all credential abuse attacks against the financial services industry were targeting APIs. Hacks Videos Web Security API api attack bank cyber attack credential abuse Credential stuffing DDoS attack financial services sql injection

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. That means being able to … The post Striking a balance between security and usability of sensitive data appeared first on OpenText Blogs.

Oracle Tackles a Massive 405 Bugs for Its April Quarterly Patch Update

Threatpost

Oracle will detail 405 new security vulnerabilities Tuesday, part of its quarterly Critical Patch Update Advisory. Cloud Security Vulnerabilities admins Big Data Discovery critical patch Identity Manager Connector Java Platform Java SE MySQL Oracle Critical Patch Update for April 2020 Oracle Critical Patch Update Pre-Release Announcement Oracle Financial Services Applications Oracle Retail Applications WebCenter Portal

Twitter Hack Analysis Drives Calls for Greater Security Regulation

Dark Reading

New York's Department of Financial Services calls for more cybersecurity regulation at social media firms following the "jarringly easy" Twitter breach

Legendary Help: Powering the secure movement of funds for businesses

Rocket Software

In the financial industry, more advanced applications and tools are enabling real-time financial notifications, streamlined payments, and more. A Rocket client in the financial sector noticed that their customers were moving towards an increasingly digital environment. This financial client delivers its signature line of IBM ® i-based banking systems to small and medium-sized businesses. The financial industry runs on legacy technology.

How Multi-factor Authentication Can Benefit Your Industry

Rocket Software

Depending on what industry you’re in, your approach to security may be very different. For some sectors, like finance, security and data protection are top of mind for everything that is done. Yet somehow, security is rarely talked about in relation to healthcare.

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

Threatpost

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

401(k) Cyber Fraud Is Growing. Everyone Could Be Liable

The Security Ledger

Everyone Could Be Liable appeared first on The Security Ledger. Business Consumer cybercrime FBI Finance fraud Government Threats 401k financial services

Security Firms & Financial Group Team Up to Take Down Trickbot

Dark Reading

Microsoft and security firms ESET, Black Lotus Labs, and Symantec collaborated with the financial services industry to cut off the ransomware operation's C2 infrastructure

7.5M Banking Customers Affected in Dave Security Breach

Dark Reading

The financial services app confirms user data was compromised in a data breach at its former third-party provider, WayDev

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.

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. Amazon Personalize can: Keep the data it analyzes private and secure, and only uses it for your customized recommendations. Secure your business data and peace of mind.

Leveraging Blockchain Integration to Meet Information Governance Challenges

InfoGoTo

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 recent PwC survey of 600 executives from 15 territories noted that 84% of respondents are actively involved with blockchain in some form, with financial services taking the lead. A Financial Services Roadblock.