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6 benefits of data lineage for financial services

IBM Big Data Hub

The financial services industry has been in the process of modernizing its data governance for more than a decade. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. The Basel Committee released BCBS 239 as far back as 2013. Don’t wait.

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First American Financial Pays Farcical $500K Fine

Krebs on Security

.” Mark Rasch , also former federal prosecutor in Washington, said the SEC is signaling with this action that it intends to take on more cases in which companies flub security governance in some big way. ” The SEC said the 800 million+ records had been publicly available on First American’s website since 2013.

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The US government sanctioned four entities and one individual for supporting cyber operations conducted by North Korea

Security Affairs

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement. correspondent or payable-through account sanctions.”

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Peter Marta, Former Global Head of Cybersecurity Law at JPMorgan joins Hogan Lovells Privacy and Cybersecurity Practice

HL Chronicle of Data Protection

Pete is an established leader in the banking and financial services sectors. And prior to joining JPMorgan Chase in 2013, Pete was a member of the U.S. At JPMorgan Chase, he advised across the organization, from security operations center initiatives to board room-level issues. intelligence community.

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A better way to navigate the requirements of BCBS 239

Collibra

More than ten years after its introduction in January 2013, banks still struggle to fully adopt the Basel Committee on Banking Supervision’s standard number 239 (BCBS 239). This global standard was created in response to the 2008 financial crisis.

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SEC Releases Observations from Recent Cybersecurity Examinations of Broker-Dealers and Advisers

Hunton Privacy

Conducted by the SEC Office of Compliance Inspections and Examinations (“OCIE”) from 2013 through April 2014, the examinations inspected the cybersecurity practices of 57 registered broker-dealers and 49 registered investment advisers through interviews and document reviews.

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U.S. Office of the Comptroller of the Currency Updates Third-Party Relationships Risk Management Guidance

Data Matters

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

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