Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? The Basel Committee released BCBS 239 as far back as 2013.

Financial Services 90

Financial Services Cloud Metadata Digital transformation 90

Security Affairs

JULY 25, 2024

According to the latest risk assessment published by Resecurity, terrorist groups are increasingly using cyberspace and digital communication channels to plan and execute attacks, as well as to conduct recruitment and establish anonymous communication channels (using apps like Session and their alternatives).

Risk 137

Risk e-Delivery Communications Financial Services 137

Security Affairs

DECEMBER 26, 2023

Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast. Resecurity’s latest report, “ Ransomware Attacks against the Energy Sector on the rise – Nuclear and Oil & Gas are Major Targets in 2024 ,” underscores the heightened threat to the nuclear sector as a geopolitical target.

Energy and Utilities 134

Energy and Utilities Artificial Intelligence Ransomware Data breaches 134

eSecurity Planet

SEPTEMBER 21, 2024

Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. These laws aim to establish standards for securing data, ensuring privacy, and mitigating risks associated with digital information.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Security Affairs

FEBRUARY 28, 2024

VIPRE Security Group’s latest report, “Email Security in 2024: An Expert Insight into Email Threats,” delves into the cutting-edge tactics and technologies embraced by cybercriminals this year. Key Findings from the “Email Security in 2024” Report In an exhaustive review, VIPRE processed 7.2

Security 135

Security Phishing Communications Financial Services 135

Data Protection Report

NOVEMBER 8, 2023

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. Additional changes to required policies and procedures will not begin to take effect until April 2024 and rolling thereafter.

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

Data Matters

AUGUST 14, 2024

The RTS are intended to assist with the enhancement of the digital operational resilience of the financial services sector by improving in-scope entities’ ICT risk management, specifically with respect to the issue of ICT subcontracting.

Financial Services 100

Financial Services Privacy Risk Cybersecurity 100

Thales Cloud Protection & Licensing

MARCH 6, 2024

API Security in 2024: Imperva Report Uncovers Rising Threats and the Urgent Need for Action madhav Thu, 03/07/2024 - 04:56 APIs (Application Programming Interfaces) are the backbone of modern digital innovation. Identify and protect sensitive and high-risk APIs. Cybersecurity has always been a team game.

Security 87

Security Authentication Risk Cybersecurity 87

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 89

Risk Data breaches Authentication Financial Services 89

Thales Cloud Protection & Licensing

OCTOBER 16, 2024

Solid Data Security: The Foundation of a Safe Digital World madhav Thu, 10/17/2024 - 04:58 It’s that time of year again. The State of Data Security in 2024 However, not only individuals must protect their digital assets; organizations do, too. A host of threats continue to put enterprise data at risk. The result?

Security 62

Security Encryption Data breaches Cybersecurity 62

Hunton Privacy

FEBRUARY 7, 2023

On January 26, 2023, the Centre for Information Policy Leadership (“CIPL”) at Hunton Andrews Kurth responded to a call for input from the UK’s Digital Regulation Cooperation Forum (DRCF) on its workplan for 2023 – 2024.

Data Privacy 61

Data Privacy Blockchain Compliance Privacy 61

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Cloud 72

Cloud Financial Services Risk Business Services 72

Collibra

NOVEMBER 6, 2024

This global standard was created in response to the 2008 financial crisis. Its goal is to improve how banks and financial institutions manage risks and make decisions to better handle and mitigate those risks. However, complying with BCBS 239 benefits financial institutions in ways beyond regulatory adherence.

Compliance 40

Compliance Risk Metadata Financial Services 40

Data Protection Report

JANUARY 18, 2024

2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”). Cybersecurity Regulation NYDFS found a number of issues with respect to GGT’s lack of compliance with the cybersecurity regulation, starting with the required risk assessment. This post will focus on the cybersecurity regulation issues. (For

Cybersecurity 111

Cybersecurity Financial Services Compliance Encryption 111

The Last Watchdog

FEBRUARY 15, 2024

15, 2024 – Harter Secrest & Emery LLP , a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach ® , a designation only extended to law firms that demonstrate competency and sophistication in data breach response. Rochester, N.Y.

Data breaches 100

Data breaches Financial Services Big data Retail 100

Thales Cloud Protection & Licensing

APRIL 29, 2024

The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders madhav Tue, 04/30/2024 - 05:32 Trust is the currency of the digital economy. The Thales 2024 Trust Index report indicates that 87% of consumers expect vendors to respect their digital rights, which leads to trusted relationships.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71

Thales Cloud Protection & Licensing

SEPTEMBER 25, 2024

Harnessing The Benefits of The Thales and Imperva Partner Ecosystem madhav Thu, 09/26/2024 - 05:18 In December last year, Thales acquired Imperva , its ninth acquisition in as many years and the second largest in organization’s history.

Cloud 62

Cloud Compliance Encryption Financial Services 62

The Last Watchdog

SEPTEMBER 24, 2024

The data began leaking in April 2024, and by summer, it was being sold on the dark web for $3.5 This drives public awareness of the risks associated with identity theft. As a result, many people rush to protect themselves by subscribing to services that offer credit monitoring, identity theft protection, and fraud alerts.

Authentication 215

Authentication IT ROT Compliance 215

Thales Cloud Protection & Licensing

SEPTEMBER 4, 2024

PSD2 Regulation and Compliance josh.pearson@t… Wed, 09/04/2024 - 23:44 The PSD2 directive is a cornerstone of payment legislation in Europe, designed to enhance consumer protection, foster innovation, and create a more integrated and secure European payment landscape. Let's explore the details further.

Compliance 62

Compliance Authentication Financial Services Risk 62

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. Regulated entities generally have until April 29, 2024 to comply with the amended Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Data Protection Report

APRIL 23, 2024

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

Financial Services 45

Financial Services IT Marketing Retail 45

Thales Cloud Protection & Licensing

OCTOBER 28, 2024

The Relevance of Privacy-Preserving Techniques and Generative AI to DORA Legislation madhav Tue, 10/29/2024 - 04:55 The increasing reliance on digital technologies has created a complex landscape of risks, especially in critical sectors like finance.

Privacy 62

Privacy Encryption Compliance Risk 62

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

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. was released on March 31, 2022, and before we know it, businesses will face the compliance deadline of March 31, 2024.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

OpenText Information Management

JUNE 5, 2024

The 2024 Payments Canada Summit recently concluded, bringing together industry leaders, innovators, and key stakeholders to discuss the most recent trends and insights in payments. Banks and corporates alike are investing in comprehensive compliance solutions to manage risk and ensure transparency in their operations. Until next year!

Artificial Intelligence 59

Artificial Intelligence Customer Experience Financial Services Compliance 59

Data Protection Report

OCTOBER 23, 2024

On October 2, 2024, the New York State Department of Health (DOH) published a new cybersecurity regulation (10 NYCRR 405.46) for all general hospitals licensed pursuant to article 28 of the Public Health Law. Therefore, covered hospitals may need to revise their risk analysis and management process to comply with the new regulation.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

Data Protection Report

MAY 24, 2024

Background – white paper response on the UK’s approach to AI regulation In February 2024, the UK Department for Science, Innovation, and Technology (DSIT) set out the government’s proposed approach to AI regulation. DSIT published the responses to these letters on 1 May 2024. See our update on the FCA’s plans for further detail.

Government 45

Government Risk Marketing Paper 45

IBM Big Data Hub

DECEMBER 18, 2023

As we look ahead to 2024, enterprises around the world are undoubtedly evaluating their progress and creating a growth plan for the year to come. For example, in financial services, the payments ecosystem is an inflection point for transformation.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

Thales Cloud Protection & Licensing

SEPTEMBER 2, 2024

Breaking Free from Passwords: Passkeys and the Future of Digital Services josh.pearson@t… Mon, 09/02/2024 - 15:14 As passkeys offer a more secure and convenient way to authenticate users, it is no surprise that industry experts agree that they will become the standard authentication method used worldwide. But it shouldn't stop there.

Passwords 62

Passwords Authentication Phishing Compliance 62

IBM Big Data Hub

APRIL 11, 2024

A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. Customers are concerned about how AI systems might utilize or handle their personal and financial information improperly.

Cloud 58

Cloud Financial Services Privacy Compliance 58

IT Governance

JANUARY 23, 2024

Australian government sets out risk-based system to respond to AI The Australian government has launched its plan to respond to the rise in AI, using a risk-based system to impose proportionate controls on its use.

Data Privacy 52

Data Privacy Privacy Manufacturing Security 52

Thales Cloud Protection & Licensing

JANUARY 22, 2024

Digital Onboarding: Convenience Meets Security in Banking madhav Tue, 01/23/2024 - 06:34 What onboarding in consumer banking was five years ago, where it stands today, and where it's heading is a business-critical change worth both understanding and optimizing. Passkeys, replacing passwords, emerge as the superior authentication choice.

Security 77

Security Authentication Passwords Risk 77

Thales Cloud Protection & Licensing

JANUARY 15, 2024

Financial Supervision in a Digital World madhav Tue, 01/16/2024 - 05:44 If you’ve been working in the finance sector over the past few years, you will have noticed some big changes in the world of financial supervision. Inefficient login portals We see a lot of financial supervisors struggling with these new challenges.

Unstructured data 71

Unstructured data B2B Access Financial Services 71

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

Why organizations need to prioritize a PQC-readiness lab madhav Tue, 02/13/2024 - 05:25 It’s an exciting time for technology – we are on the cusp of seeing some innovative and disruptive new technologies emerge that will have impacts on every industry and sector around the globe. Don’t delay – begin to get ready for PQC today.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

Hunton Privacy

JUNE 9, 2022

Licensees must conduct a risk assessment to create a WISP “commensurate with the size and complexity of the licensee, the nature and scope of the licensee’s activities, including its use of third-party service providers, and the sensitivity of the nonpublic information.” Enforcement and Penalties Under the Law.

Insurance 107

Insurance Security Information Security Cybersecurity 107