Expert insights. Personalized for you.
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
The financial fallout from COVID-19 never seems to stop spreading. This means even greater challenges for servicers, who are dealing with record volumes and geographically scattered employees no longer working in a central office. The deferred amounts eventually need to be repaid, with different servicers providing varied options, including: Extending the loan by the number of months the mortgage is deferred. MORE
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. MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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 MORE
Every organization should be paying attention to the attacks targeting financial services systems MORE
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.”. MORE
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. MORE
New York's Department of Financial Services calls for more cybersecurity regulation at social media firms following the "jarringly easy" Twitter breach MORE
Researcher Finds Unsecure Elasticsearch Database Cluster Accessible via the Internet A security researcher recently discovered an unsecure Elasticsearch database cluster exposed on the internet that contained transcripts of sensitive voicemail messages, including some for medical clinics and financial service companies. MORE
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 MORE
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. Data & Analytics Financial Services data governance Data Governance Program Data Governance Program in Financial Services financial services data MORE
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. MORE
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. MORE
The financial services app confirms user data was compromised in a data breach at its former third-party provider, WayDev MORE
Everyone Could Be Liable appeared first on The Security Ledger. Business Consumer cybercrime FBI Finance fraud Government Threats 401k financial services MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. Therefore, financial services firms and other organizations must continually examine and strengthen their security precautions to thwart as many of these threats as possible. Work with a Seasoned Cloud Security Expert. MORE
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. MORE
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. According to a Fintech News article, financial institutions like JPMorgan Chase produce terabytes of data every single day. As American Banker points out, working with some partners can pose security risks for financial services organizations. MORE
InfoGoTo
OCTOBER 16, 2020
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.
Data Breach Today
DECEMBER 17, 2018
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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Data Breach Today
JANUARY 23, 2019
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
Perficient Data & Analytics
JULY 17, 2019
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.
Perficient Data & Analytics
JULY 30, 2019
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
Perficient Data & Analytics
MAY 22, 2019
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.
|
InfoGoTo
MARCH 12, 2019
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
Perficient Data & Analytics
OCTOBER 17, 2019
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. Data & Analytics Financial Services data governance Data Governance Program Data Governance Program in Financial Services financial services data
Threatpost
JUNE 21, 2018
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.
Perficient Data & Analytics
JULY 16, 2019
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.
OpenText Information Management
AUGUST 28, 2018
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.
|
Thales eSecurity
DECEMBER 5, 2018
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.
Perficient Data & Analytics
MAY 7, 2018
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.
HL Chronicle of Data Protection
APRIL 17, 2020
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.
Dark Reading
NOVEMBER 25, 2019
Every organization should be paying attention to the attacks targeting financial services systems
Data Matters
AUGUST 19, 2020
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.
OpenText Information Management
OCTOBER 24, 2018
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.
Hunton Privacy
APRIL 22, 2020
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
Krebs on Security
JULY 23, 2020
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.
Threatpost
OCTOBER 21, 2020
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.
Rippleshot
JANUARY 22, 2018
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.
OpenText Information Management
JULY 25, 2019
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.
Hunton Privacy
JANUARY 24, 2018
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.”.
Krebs on Security
MAY 31, 2019
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.
Dark Reading
OCTOBER 15, 2020
New York's Department of Financial Services calls for more cybersecurity regulation at social media firms following the "jarringly easy" Twitter breach
Perficient Data & Analytics
JUNE 18, 2019
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.
Dark Reading
OCTOBER 12, 2020
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
Threatpost
MARCH 12, 2020
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
Threatpost
APRIL 13, 2020
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
OpenText Information Management
DECEMBER 4, 2019
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.
Rocket Software
AUGUST 17, 2020
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.
Rocket Software
JULY 1, 2020
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.
Threatpost
APRIL 17, 2019
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
Data Breach Today
OCTOBER 19, 2020
Researcher Finds Unsecure Elasticsearch Database Cluster Accessible via the Internet A security researcher recently discovered an unsecure Elasticsearch database cluster exposed on the internet that contained transcripts of sensitive voicemail messages, including some for medical clinics and financial service companies.
Dark Reading
JULY 28, 2020
The financial services app confirms user data was compromised in a data breach at its former third-party provider, WayDev
The Security Ledger
JULY 21, 2020
Everyone Could Be Liable appeared first on The Security Ledger. Business Consumer cybercrime FBI Finance fraud Government Threats 401k financial services
InfoGoTo
FEBRUARY 12, 2020
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. According to a Fintech News article, financial institutions like JPMorgan Chase produce terabytes of data every single day. As American Banker points out, working with some partners can pose security risks for financial services organizations.
InfoGoTo
JULY 9, 2019
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.
InfoGoTo
AUGUST 27, 2019
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. Therefore, financial services firms and other organizations must continually examine and strengthen their security precautions to thwart as many of these threats as possible. Work with a Seasoned Cloud Security Expert.
InfoGoTo
JULY 16, 2020
The financial fallout from COVID-19 never seems to stop spreading. This means even greater challenges for servicers, who are dealing with record volumes and geographically scattered employees no longer working in a central office. The deferred amounts eventually need to be repaid, with different servicers providing varied options, including: Extending the loan by the number of months the mortgage is deferred.
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