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.

Financial Services 66

Financial Services Cybersecurity Insurance Risk 66

Krebs on Security

DECEMBER 10, 2020

TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. NYSE:GPN ]. “We immediately contained the suspicious activity and the business is operating normally.”

Ransomware 349

Ransomware Financial Services Access IT 349

Krebs on Security

JULY 23, 2020

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years.

Insurance 319

Insurance Financial Services Mining Access 319

Data Protector

AUGUST 19, 2017

As May 2018 looms, I’m aware of a growing number of companies that are seeking help with their GDPR compliance obligations. While it contains standards that many responsible organisations would wish to aim for, I have no idea how many organisations within Europe really will be fully compliant by May 2018.

GDPR 120

GDPR Compliance Records Management Financial Services 120

DLA Piper Privacy Matters

FEBRUARY 1, 2018

Data protection is rising on the agenda globally: the past year has seen China introduce the PRC Cybersecurity Law, the introduction of Australia’s mandatory Privacy Amendment (Notifiable Data Breaches) Act 2017, while the EU’s long awaited General Data Protection Regulation is due to come in to force in May 2018.

Data Privacy 49

Data Privacy Privacy Financial Services Data breaches 49

erwin

DECEMBER 20, 2018

With that in mind, we’ve compiled a list of the very best, best-practice blog posts from the erwin Experts in 2018. for Financial Services. www.erwin.com/blog/data-governance-2-0-financial-services/. The post Top 7 Data Governance Blog Posts of 2018 appeared first on erwin, Inc. Defining Data Governance.

Government 40

Government Financial Services GDPR Data breaches 40

IT Governance

JANUARY 10, 2018

New report reveals technology concerns for financial and public sectors in 2018. In 2018, organisations are looking at ‘when’ they will be attacked, not ‘if’. According to a recent study from Invotra , the financial services industry and the public sector both fear sophisticated, harmful cyber threats in 2018.

Customer Experience 68

Customer Experience Financial Services GDPR Phishing 68

Data Matters

JANUARY 2, 2018

We expect each of these trends to continue in 2018. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR. The May 25, 2018 effective date for the EU’s General Data Protection Regulation (GDPR) will no doubt be a central focus of 2018. Data breach litigation risks.

Privacy 66

Privacy Cybersecurity Data breaches GDPR 66

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. ABBYY relies heavily on partners for its success, and 2018 was no exception. MILPITAS, Calif., billion today.

Unstructured data 49

Unstructured data Digital transformation Marketing Financial Services 49

Threatpost

AUGUST 7, 2018

Half of breached firms say they were compromised due to a vulnerability for which a patch was available but not applied.

Financial Services 42

Financial Services 42

Security Affairs

SEPTEMBER 12, 2018

SAP today just released the September 2018 set of Security Notes that address a total of 14 flaws in its products, including a critical flaw in SAP Business Client. The September 2018 Security Patch Day includes other 13 Security Notes, three were rated High severity, 9 Medium risk, and 1 Low severity. 2.0 ( CVE-2018-2465).

Security 73

Security Financial Services Libraries Authentication 73

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. The Task Force aims to complete the white paper by the fall of 2018. This post summarizes the highlights from this meeting.

Insurance 60

Insurance Big data e-Delivery Risk 60

Hunton Privacy

SEPTEMBER 1, 2021

34-92806 ; and In the Matter of KMS Financial Services, Inc. , Release No. found that between January 2018 and July 2021, unauthorized third parties accessed the cloud-based email accounts of over 120 Cambridge representatives, leading to the exposure of personally identifiable information of over 2,100 clients.

Cybersecurity 113

Cybersecurity Financial Services Cloud Access 113

Info Source

FEBRUARY 15, 2019

Continuing the successful expansion of its Software-as-a-Service (SaaS) business model, M-Files grew its annual recurring revenue (ARR) in 2018 by more than 30 percent over 2017. ARR from customers using the company’s cloud-based service grew even faster at over 70 percent year over year. Global Investment and Recognition.

ECM 40

ECM Artificial Intelligence Cloud Metadata 40

Information Matters

DECEMBER 7, 2018

UK consumers threaten data breach backlash – Computer Weekly, 5 December 2018. “Seven out of 10 UK consumers and two-thirds, on average, around the world would stop doing business with a brand that suffers a breach of users’ financial or personal data. ” [link]. ” [link]. ” [link]. ” [link]. .

IoT 40

IoT Blockchain Personal data Analytics 40

Info Source

JANUARY 12, 2018

With interest in RPA technology and demand for Kapow at an all-time high, Kofax has declared 2018 the Year of the Robot. . Kofax certified more than 165 resellers in its global channel partner program to address increasing demand for RPA software, particularly in the financial services and logistics sectors.

Digital transformation 40

Digital transformation Financial Services Compliance Insurance 40

The Schedule

AUGUST 22, 2018

Outgoing RMS chair Eira Tansey addresses the joint meeting of the Acquisition & Appraisal and Records Management Sections at SAA’s 2018 annual meeting. ” The first speaker was Lauren Gaines from Thrivent Financial, which is a fraternal benefit society and Fortune 500 financial services organization.

Archiving 58

Archiving FOIA Records Management Compliance 58

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

Security Affairs

MAY 24, 2023

Iran-linked threat actor Tortoiseshell targeted shipping, logistics, and financial services companies in Israel with watering hole attacks. The expert spotted the Iranian group in 2018, but they speculate that it has been active for a longer time.

Financial Services 98

Financial Services Security Cybersecurity IT 98

Data Protection Report

JANUARY 18, 2024

NYDFS conducted its first audit of GGT for the period of May 17, 2018 through March 31 2019. 2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”).

Cybersecurity 111

Cybersecurity Financial Services Compliance Encryption 111

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. billion per month.

Insurance 110

Insurance Data breaches Financial Services Passwords 110

CGI

FEBRUARY 21, 2018

Predictions for 2018 – This is where the magic happens! Wed, 02/21/2018 - 03:49. Now, much like data analytics, I will pivot from reactive to predictive mode and make some forecasts for 2018. Here are a few other trend predictions for 2018: It is decidedly so … blockchain will continue with its hype. ravi.kumarv@cgi.com.

Blockchain 40

Blockchain Artificial Intelligence Digital transformation Financial Services 40

CGI

DECEMBER 18, 2018

Sibos 2018 – a whirlwind tour of my week down under. Tue, 12/18/2018 - 04:55. One of the great things about Sibos as a conference is that they have a lot of non-financial services speakers, often bringing in leading academics to talk about their specialist areas.

Financial Services 40

Financial Services Encryption Marketing GDPR 40

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. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

Cybersecurity 155

Cybersecurity Financial Services Authentication Government 155

Krebs on Security

JUNE 18, 2021

However, documents from New York financial regulators show First American was unable to determine whether records were accessed prior to Jun 2018 (one year prior to fixing the weakness). According to the FBI, BEC scams are the most costly form of cybercrime today.

Insurance 305

Insurance Risk Financial Services Mining 305

Security Affairs

SEPTEMBER 1, 2021

The sanctioned entities are Cetera (Advisor Networks, Investment Services, Financial Specialists, Advisors, and Investment Advisers), Cambridge Investment Research (Investment Research and Investment Research Advisors), and KMS Financial Services.

Financial Services 108

Financial Services Cybersecurity Cloud Security 108

Security Affairs

JUNE 11, 2021

million Windows systems between 2018 and 2020. The software includes illegal Adobe Photoshop 2018, a Windows cracking tool, and several cracked games.” million unique email addresses, NordLocker found, for an array of different apps and services. terabyte of stolen data. The database includes 6.6 million computers.

Computer and Electronics 130

Computer and Electronics Archiving Encryption Passwords 130

Info Source

JUNE 6, 2018

The 2018 Financial Services Industry Survey Report confirms numerous compliance functions, from initial inquires through customer off-boarding, as key challenges for financial institutions, with 91% citing the “time/cost required from concept to reality” and 86% pointing to “budget constraints” as primary impediments.

Financial Services 40

Financial Services Digital transformation Customer Experience Compliance 40

Krebs on Security

MAY 3, 2019

A Pennsylvania credit union is suing financial industry technology giant Fiserv , alleging that “baffling” security vulnerabilities in the company’s software are “wreaking havoc” on its customers. Brookfield, Wisc. based Fiserv [ NASDAQ:FISV ] is a Fortune 500 company with 24,000 employees and $5.8

Security 207

Security Passwords Financial Services Sales 207

Security Affairs

JANUARY 18, 2019

The bug affected the OCA’s Diameter Signalling Router component and its Communications Services Gatekeeper. The flaw also affected the Financial Services Analytical Applications Infrastructure, the Fusion Middleware MapViewer, and four three Oracle Retail components. ” reads the d escription provided by.

Financial Services 101

Financial Services Libraries Mining Retail 101

Collibra

FEBRUARY 11, 2020

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. There are several areas that the international financial services regulatory community is engaged in that touch on third party personal data relationships.

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

Data Matters

SEPTEMBER 12, 2018

As part of the public discussion, the Commission, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the UK Financial Conduct Authority (FCA) were present to provide their thoughts. ESMA and the EBA will publish their findings later in 2018. 3 Available at [link].

Financial Services 66

Financial Services Marketing Privacy IT 66

Hunton Privacy

NOVEMBER 26, 2018

On November 23, 2018, the Belgian Data Protection Authority (the “Belgian DPA”) published a review of its activities since the EU General Data Protection Regulation (“GDPR”) became applicable on May 25, 2018 (the “Review”). The Review is available in French and in Dutch.

GDPR 72

GDPR Data breaches Financial Services Insurance 72

Data Matters

AUGUST 22, 2018

On August 7, a group of regulators from 11 jurisdictions published a consultation (the Consultation) on the Global Financial Innovation Network (the GFIN), which aims to promote international cooperation on innovation and the use of technology in financial services (FinTech) and in regulatory processes (RegTech).

Financial Services 60

Financial Services Artificial Intelligence Blockchain Marketing 60

Data Matters

JUNE 24, 2021

On February 26, 2018, the SEC released its Commission Statement and Guidance on Public Company Cybersecurity Disclosures (the Guidance), which provides guidance on public company disclosure of cybersecurity risks and incidents. SEC Statement and Guidance on Public Company Cybersecurity Disclosures. 20, 2017). 27, 2020). 5 83 FR 8166 (Feb.

Cybersecurity 66

Cybersecurity Financial Services Risk Compliance 66

ForAllSecure

JANUARY 31, 2023

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions.

Cybersecurity 52

Cybersecurity IT Financial Services Risk 52