Data Matters

SEPTEMBER 20, 2018

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

Financial Services 67

Financial Services Paper Marketing Privacy 67

Security Affairs

NOVEMBER 16, 2020

The group is considered responsible for the massive WannaCry ransomware attack, a string of SWIFT attacks in 2016, and the Sony Pictures hack. The attackers are attempting to exploit the need to install additional security software when South Korean users visit government or financial services websites. .

Financial Services 272

Financial Services Security Government Phishing 272

Krebs on Security

FEBRUARY 9, 2023

Authorities in the United States and United Kingdom today levied financial sanctions against seven men accused of operating “ Trickbot ,” a cybercrime-as-a-service platform based in Russia that has enabled countless ransomware attacks and bank account takeovers since its debut in 2016. This is not the U.S.

Ransomware 237

Ransomware Government Cybersecurity Blockchain 237

Hunton Privacy

MARCH 23, 2017

On March 21, 2017, New York Attorney General Eric Schneiderman announced that the New York Office of the Attorney General received over 1,300 data breach notifications in 2016, a 60 percent increase from 2015. The reported breaches led to the exposure of personal information of 1.6 million New York residents.

Data breaches 45

Data breaches Financial Services Cybersecurity Security 45

Krebs on Security

OCTOBER 24, 2019

It’s worth noting that the MyPayrollHR fraud wasn’t the first time Cachet has been tripped up by the demise of a payroll company: In 2016, the collapse of Monterey, Calif. But on Oct. 23 — less than 24 hours before another weekly payroll rush — Pasadena, Calif. But, on Sept.

Communications 187

Communications Financial Services Insurance Risk 187

Krebs on Security

MARCH 23, 2020

“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.

Marketing 297

Marketing Sales Financial Services IT 297

eSecurity Planet

AUGUST 22, 2021

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. Mirai Still on the Loose.

Financial Services 142

Financial Services IoT Education Passwords 142

Data Matters

MAY 4, 2022

He has significant experience in addressing election security and misinformation related issues, and was deeply involved in the investigations into the 2016 and 2020 elections targeting various U.S. He is one of the few lawyers who has led multiple global responses to data integrity attacks involving the financial services industry.

Cybersecurity 165

Cybersecurity Marketing Security Privacy 165

Data Matters

MAY 14, 2019

In particular, William advises international clients on a wide variety of General Data Protection Regulation (Regulation (EU) 2016/679) (‘GDPR’), data protection, cybersecurity and financial services issues.

Financial Services 67

Financial Services GDPR Big data Data Privacy 67

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Data breaches 147

The Last Watchdog

MARCH 1, 2019

SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity. Demisto launched in May 2016.

Digital transformation 193

Digital transformation Marketing Analytics Risk 193

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 2016/679 (EU, April 27). 2016/679, Art. 2016/679 (EU, April 27). 2016/679, Art. The United States does not have a Federal data protection law that protects all consumers.

Personal data 116

Personal data GDPR Privacy Records Management 116

The Last Watchdog

AUGUST 22, 2019

Consider that it was a misconfigured open-source Web Application Firewall , running on Amazon Web Services, that gave a former Amazon IT staffer a path to crack into this financial services giant. it’s almost a perfect storm.

Digital transformation 147

Digital transformation Compliance Risk Security 147

Privacy and Cybersecurity Law

SEPTEMBER 20, 2016

On September 13, 2016, the New York Department of Financial Services introduced a new rule that would require banks, insurance […].

Financial Services 40

Financial Services Insurance Cybersecurity Data breaches 40

The Security Ledger

DECEMBER 21, 2022

Paul speaks with Caleb Sima, the CSO of the online trading platform Robinhood, about his journey from teenage cybersecurity phenom and web security pioneer, to successful entrepreneur to an executive in the trenches of protecting high value financial services firms from cyberattacks. Read the whole entry. » MP3 ] | [ Transcript ].

Financial Services 52

Financial Services Cybersecurity Data breaches Passwords 52

Hunton Privacy

SEPTEMBER 15, 2016

On September 13, 2016, New York Governor Andrew Cuomo announced a proposed regulation that would require banks, insurance companies and other financial services institutions to establish and maintain a cybersecurity program designed to ensure the safety of New York’s financial services industry and to protect New York State from the threat of cyber (..)

Cybersecurity 40

Cybersecurity Financial Services Insurance Information Security 40

IBM Big Data Hub

NOVEMBER 10, 2023

Semiconductors act as the secret powerhouse behind various industries, from healthcare to manufacturing to financial services. The role of a hybrid cloud solution for HPC Cadence started its public cloud journey in 2016 and now operates with a hybrid, multicloud approach, which includes IBM.

Computer and Electronics 82

Computer and Electronics Cloud Artificial Intelligence Manufacturing 82

Hunton Privacy

JANUARY 3, 2017

On December 28, 2016, the New York State Department of Financial Services (“DFS”) announced an updated version of its cybersecurity regulation for financial institutions (the “Updated Regulation”). The Updated Regulation will become effective on March 1, 2017.

Cybersecurity 40

Cybersecurity Financial Services Authentication Information Security 40

CGI

DECEMBER 22, 2016

Thu, 12/22/2016 - 02:16. Today’s banks are facing a number of unprecedented challenges, including the rise in financial technology (FinTech) firms. These innovative startups are focused on taking a share of bank customers, products and revenues through new digital services, and staying ahead of them is high on banks’ agendas.

Financial Services 45

Financial Services Retail IoT Insurance 45

Ascent Innovations

MAY 17, 2018

Few unexpected nation states are rising in the ranks of sponsored attackers, including spying on thousands of people across 20 countries via an Android malware campaign, and another one infiltrated Russia’s Cozy Bear liar and uncovered the hack of DNC during the 2016 elections. Cyber-social. End users continue to be the best line of defense.

Energy and Utilities 40

Energy and Utilities IoT Mining Financial Services 40

Thales Cloud Protection & Licensing

DECEMBER 11, 2018

In this case, it looks as though the attackers had been on the Starwood network for somewhere around three years, mining out their reservations database (keep in mind that Marriott only acquired Starwood in 2016 ). Since in Tech we often travel “for a living”, I found in my bag an older Starwood preferred guest card. Not used in years.

Retail 66

Retail Data breaches Encryption Mining 66

CGI

DECEMBER 2, 2016

Fri, 12/02/2016 - 04:15. One of the hottest topics at this year’s Sibos conference in Geneva, Switzerland was open APIs (application programming interfaces), and how their introduction is causing concern among some financial institutions, while offering promising opportunities for early adopters. Open APIs: A coming of age.

Financial Services 40

Financial Services Digital transformation Marketing Data structuring 40

Threatpost

OCTOBER 28, 2019

UniCredit was also hit with hacking incidents in September-October 2016 and June-July 2017.

Cybersecurity 41

Cybersecurity Financial Services Data breaches GDPR 41

Data Matters

NOVEMBER 13, 2017

Its new Principles reflect its view of the positive potential for new data aggregation services while emphasizing the need to develop a workable industry model that addresses consumer privacy, limits data security risks, promotes transparency and consumer choice and protects the accuracy of financial data.

Financial Services 60

Financial Services Privacy Access Marketing 60

Data Matters

MARCH 12, 2019

The Safeguards Rule specifies that financial institutions subject to the FTC’s jurisdiction must develop, implement, and maintain a comprehensive information security program for handling customer data.

Privacy 67

Privacy IT Information Security Insurance 67

Preservica

NOVEMBER 6, 2017

The 2016 IGI Benchmark Report on The Governance of Long-term Digital Information confirmed that nearly all organizations represented have digital records and information that keep or need to keep in excess of 10 years.

Digital preservation 56

Digital preservation Information governance Government Archiving 56

IT Governance

APRIL 2, 2019

T he pensions firm ’s campaign, which took place between October 2016 and October 2017, violated the PECR (Privacy and Electronic Communications Regulation s ). . The ICO ( Information Commissioner’s Office ) has fined Grove Pension Solutions £40,000 for sending nearly 2 million unsolicited marketing emails. .

Marketing 58

Marketing Personal data GDPR Compliance 58

HL Chronicle of Data Protection

OCTOBER 25, 2019

On 12 July 2016, the European Commission issued its adequacy decision concerning the Privacy Shield framework for the transfer of personal data from the EU to the U.S. In a nutshell, the report of the third review found that the U.S. Background. This covers most U.S. Annual Review.

Privacy 40

Privacy IT Personal data Financial Services 40

CGI

MAY 2, 2016

Mon, 05/02/2016 - 05:28. 1 Gartner, IT Key Metrics Data 2016: Key Industry Measures: Banking and Financial Services Analysis: Multiyear, December 14, 2015. 2 IDC, IDC Financial Insights Forecast, Worldwide IT Spending 2013-2018: Worldwide IT Spending Guide, 1H15, May 2015. ravi.kumarv@cgi.com.

Customer Experience 40

Customer Experience Financial Services Analytics Cloud 40

Data Matters

OCTOBER 8, 2020

December 2016: Evegeniy Mikhailovich Bogachev, creator of Cryptolocker. financial institutions or firms that perform “critical financial services.”. Attackers and payees may be designated sanctioned parties under OFAC’s existing cyber-related sanctions authority. Since 2015, the U.S. 1, 2020, [link].

Ransomware 67

Ransomware Compliance Risk Government 67

Hunton Privacy

NOVEMBER 10, 2016

On November 9, 2016, the Centre for Information Policy Leadership (“CIPL”) at Hunton & Williams LLP and AvePoint released the results of a joint global survey launched in May 2016 concerning organizational preparedness for implementing the EU General Data Protection Regulation (“GDPR”).

GDPR 45

GDPR Data Privacy Compliance Privacy 45

CGI

FEBRUARY 9, 2016

Tue, 02/09/2016 - 05:35. Any colour as long as it’s black. p.butler@cgi.com. Henry Ford never actually said to a customer 'you can have any colour you like as long as it's black'. He did ,however, say it to his sales people to stop them asking (and trying to sell) many different variants of the Model T.

Retail 40

Retail Analytics Marketing Financial Services 40

CGI

JANUARY 12, 2017

This is the final blog in my three-part series on the disruptive impact of financial technology (FinTech) firms on today’s banks. The blog series is based on the findings of CGI’s 2016 survey of 1,670 consumers across 8 countries, which assessed consumer perspectives on 12 leading digital FinTech services.*

Financial Services 40

Financial Services Education Marketing Risk 40

CGI

MAY 26, 2016

Fri, 05/27/2016 - 00:37. Financial institutions in the U.S. The combined and increased focus of the Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC) on cybersecurity issues are indicative of U.S. regulators’ state of mind. .

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

CGI

JUNE 15, 2016

Wed, 06/15/2016 - 06:57. Financial Services. Now is the time for your organisation to pilot Robotic Process Automation. p.butler@cgi.com. Zuboff’s Laws…. Everything that can be automated will be automated”. Everything that can be informated will be informated". For Example: Insurance. Local Government. Central Government.

Financial Services 40

Financial Services Retail Insurance Government 40

CGI

JULY 20, 2018

As someone engaged with blockchain projects since 2016 in CGI’s Trade Innovation Lab (and countless emerging technology projects before that), my experience is that blockchain is making the leap from experimental to production-ready solutions. What’s more, it’s poised to spill over from financial services into a wide range of industries.

Blockchain 45

Blockchain Financial Services Insurance Manufacturing 45

eSecurity Planet

MARCH 26, 2021

Microsoft reports that the tool has been tested for Exchange Server 2013, 2016 and 2019. A disturbing 23% of all attacks have been levied on Government and Military organizations, followed by Manufacturing (15%) and Financial Services (14%). . The other Vulnerability Culprits. According to their data, the U.S.

Ransomware 57

Ransomware Authentication Financial Services Military 57