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Banking on mainframe-led digital transformation for financial services

IBM Big Data Hub

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe.

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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year.

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BIPA Year in Review: Where Are We Now and What’s Coming Next?

Data Protection Report

Since its enactment in 2008, BIPA has been one of the most litigated privacy-related laws with some of the highest penalties. In other words, even if financial services isn’t the primary purpose of an entity, it may still fall under GLBA rather than BIPA. DePaul University , Case No. 21C3001 at 5 (N.D. Ill Nov 4, 2022).

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Too small to serve, too big to ignore

CGI

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. To make things worse, the global financial crisis of 2008, coupled with additional regulation and capital costs, has made it even more difficult for SMEs to secure financing.

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Who’s Behind the ‘Web Listings’ Mail Scam?

Krebs on Security

“Worldwide, Appco Group has raised hundreds of millions of pounds for some of the world’s biggest charities, delivered pay-TV and broadband services, financial services, security and many other successful marketing solutions on a diverse range of products,” the press release enthuses.

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Government By Numbers: Some Interesting Insights

John Battelle's Searchblog

Here is more detail by industry on what’s growing and shrinking: Check out that first item: Financial services has nearly doubled and now leads our nation in terms of contribution to GDP. No wonder 2008 was such a (continuing) disaster.

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HSBC Fined £3 Million ($5 Million) for Data Security Failings in UK

Hunton Privacy

The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers’ confidential data. The statutory instrument, that would bring that power into effect, has not yet been passed.