The Last Watchdog

APRIL 3, 2019

I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this. SailPoint, which went public in November 2017, has grown to more than 1000 employees in 30 locations. Compliance matters. As complexity has intensified, so have compliance challenges.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Info Source

OCTOBER 12, 2018

percent year on year, from $499 billion in 2017 according to Gartner. For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency.

Financial Services 40

Financial Services Customer Experience Retail Insurance 40

DLA Piper Privacy Matters

NOVEMBER 26, 2018

The top five industry sectors notifying data breaches are: 1) health care, 2) insurance, 3) public administrations and defense, 4) telecoms and 5) financial services. In six months only, the DPA received: 3599 information requests (compared to 2145 information requests in 2017).

GDPR 83

GDPR Data breaches Financial Services Insurance 83

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Information Security 104

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. NYDFS Cybersecurity Regulation.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity Compliance IT Financial Services 72

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017.

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article was originally published on March 31, 2017, and updated by Sam Ingalls on February 13, 2022. Maintaining Regulatory Compliance. The post What is Cybersecurity Risk Management?

Risk 145

Risk Cybersecurity Encryption Access 145

Hunton Privacy

APRIL 27, 2017

Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. March 1, 2019 – the two year transitional period ends.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. 20, 2017). 3 See SEC Chairman Jay Clayton, Statement on Cybersecurity (Sept.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

eSecurity Planet

JANUARY 11, 2022

Series A SenseOn 2017 London, UK 61 $26.4 Series A GitGuardian 2017 Paris, France 63 $56.0 With robust encryption policies, Evervault can help reduce insurance premiums and offers PCI-DSS and HIPAA compliance automation. Series A Isovalent 2017 Mountain View, CA 48 $29.0 Series A SolCyber 2017 Dallas, TX 12 $20.0

Cybersecurity 142

Cybersecurity Cloud Compliance Analytics 142

Hunton Privacy

MARCH 16, 2017

On March 9, 2017, AllClear ID hosted a webinar with Hunton & Williams partner and chair of the Global Privacy and Cybersecurity practice Lisa J. Sotto on the new cybersecurity regulations from the New York State Department of Financial Services (“NYDFS”).

Financial Services 40

Financial Services Insurance Cybersecurity Privacy 40

Info Source

MAY 30, 2024

Ralph Gammon, Senior Analyst at Infosource May 2024 Ripcord first came onto our radar in 2017, most notably for innovative high-volume scanners, but it also had some early artificial intelligence (AI) powered technology for providing cloud-based Capture, Intelligent Document Processing (IDP) and Content Services to its outsourcing customers.

Financial Services 40

Financial Services Artificial Intelligence Insurance Content services 40

eSecurity Planet

OCTOBER 5, 2021

Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research. Stratistics MRC estimates that the global multi-factor authentication market will reach $13.59

Authentication 105

Authentication Passwords Access Computer and Electronics 105

Info Source

MARCH 6, 2019

March 6, 2019 – ABBYY, a global leader in enterprise content IQ technologies and solutions, today announced it achieved 15% revenue growth in 2018, building upon the momentum from an exceptional 2017. MILPITAS, Calif., ABBYY’s ability to deliver content IQ skills for the new digital workforce was one of the key growth drivers.

Unstructured data 49

Unstructured data Digital transformation Marketing Financial Services 49

Data Matters

JANUARY 2, 2018

In November 2017, the Supreme Court heard oral arguments in Carpenter v. The General Court of the EU is now considering the validity of the Privacy Shield in a case brought by La Quadrature du Net and others (with a second case brought by Digital Rights Ireland being dismissed for lack of standing in November 2017).

Privacy 68

Privacy Cybersecurity Data breaches GDPR 68

eSecurity Planet

FEBRUARY 16, 2021

Healthcare and financial services are the most attacked industries. Through the years, we’ve seen several strains of ransomware make headlines: CryptoLocker in 2013, Locky in 2016, WannaCry and Hermes in 2017, GandCrab in 2018, and now, Ryuk joins the pack of notable names in criminal malware. Ransomware facts.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Info Source

JUNE 7, 2018

In the fiscal year 2017, the SER Group grew more than twice as much as the entire ECM market [1] [1]. The flexibility to run Doxis4 on premises, in the cloud or as a hybrid makes the company-wide content services platform stand out in the market. Hobert, Michael Woodbridge, Joe Mariano, Gavin Tay, October 5, 2017.

ECM 40

ECM Marketing Content services Artificial Intelligence 40

Info Source

JANUARY 12, 2018

With hundreds of thousands of Kapow software robots deployed at more than 550 enterprise customers, BPO providers and shared service organizations around the world, Kapow has enabled exceptional results by driving better operational efficiency, customer responsiveness, compliance and cost savings.

Digital transformation 40

Digital transformation Financial Services Compliance Insurance 40

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Third-party service provider risk management program.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Matters

FEBRUARY 25, 2021

The FCA has provided new guidance for PIs and EMIs using the “insurance or comparable guarantee” method of safeguarding. This includes a requirement that the insurance policy or comparable guarantee must pay out for the full amount of any claim regardless of how the relevant insolvency event occurs (including if the firm is at fault).

Authentication 68

Authentication Paper Risk Insurance 68

Info Source

AUGUST 5, 2019

TimelinePI focuses on the healthcare, financial services, and insurance industries, and offers solutions in areas like human resources, procurement, and robotic process automation (RPA), which is an area of crossover with ABBYY. Integration with BPM systems is another shared area of focus.

Analytics 40

Analytics Marketing Financial Services Insurance 40

CGI

JANUARY 12, 2017

Fri, 01/13/2017 - 01:45. 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

JANUARY 12, 2017

Fri, 01/13/2017 - 00:36. As first mentioned in part 1 of this three-part blog series, the rise in financial technology (FinTech) firms is having a disruptive impact on today’s banks, threatening their customer base and revenue through the launch of new digital services. IoT-based auto insurance pricing. Mobile payments.

Financial Services 40

Financial Services Risk IoT Insurance 40

Privacy and Cybersecurity Law

MARCH 23, 2018

In its Global Risk Report 2017 , the World Economic Forum found that “large-scale cyber-attacks or malware causing large economic damages” or “widspread loss of trust in the internet” remain the primary business risks in North America.

Cybersecurity 40

Cybersecurity Data breaches Artificial Intelligence IoT 40

ARMA International

AUGUST 2, 2019

with Equifax in connection with a 2017 data breach that exposed sensitive, personal data of around 147 million people. See FTC press release Equifax to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach , July 22, 2019.). Equifax agreed to pay between $575 million and $700 million in total.

Cloud 44

Cloud Data breaches Encryption Access 44

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Information Matters

SEPTEMBER 17, 2018

Just as Capitol One used a highly successful and innovative “Information-Based Strategy” in the 1990s to differentiate their credit card offerings from larger competitors so insurers in 2018 are developing new ways to better understand consumer data.

Insurance 40

Insurance Data collection Artificial Intelligence Marketing 40

DLA Piper Privacy Matters

SEPTEMBER 29, 2017

AU-054 (the “AU-054”) on July 13, 2017 in order to cover the processing of personal data implemented in relation to these fraud prevention/detection systems. 311-2 of the Code Monétaire et Financier. . The French data protection authority (CNIL) has just adopted Single Authorization No.

Personal data 40

Personal data Financial Services Risk Insurance 40

HL Chronicle of Data Protection

MARCH 14, 2019

The FTC, influenced by more detailed financial industry state regulatory developments such as the New York Department of Financial Services (“NYDFS”) Cybersecurity Regulation and the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law , both finalized in 2017, proposes to maintain a process-oriented approach, (..)

Privacy 40

Privacy Risk Cybersecurity Information Security 40

IGI

MAY 1, 2018

The experience of Ameritas Life Insurance Corp., The insurance company was already reviewing its information governance processes before New York Department of Financial Services introduced new regulatory standards in March 2017. headquartered in Lincoln, Nebraska, clearly makes such a case.

Information governance 20

Information governance Government Records Management Insurance 20

Data Matters

APRIL 23, 2018

In January 2017, seeking to provide practical advice for directors to address their oversight responsibilities, the National Association of Corporate Directors (NACD) released its (revised) Handbook on Cyber-Risk Oversight (NACD Handbook). Designing an Enterprise-Level Approach. Principle 5.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Data Matters

DECEMBER 7, 2017

On October 26, 2017, the U.S. Department of Treasury released a 176-page Report examining the current regulatory framework for asset management and insurance industries. 3, 2017), and makes recommendations to ensure alignment. 3, 2017), and makes recommendations to ensure alignment. Report at 117.

Insurance 60

Insurance Data breaches Security Cybersecurity 60