OpenText Information Management

NOVEMBER 22, 2023

All of these elements have put pressure on the financial … The post Predictions for the financial services industry in 2024 appeared first on OpenText Blogs.

Financial Services 59

Financial Services Artificial Intelligence Customer Experience Content services 59

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

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

Security Affairs

OCTOBER 31, 2024

Interbank , formally the Banco Internacional del Perú Service Holding S.A.A. is a leading Peruvian provider of financial services has over 2 million customers. Faced with this situation, we immediately deployed additional security measures to protect the operations and information of our clients.”

Data breaches 126

Data breaches Financial Services Passwords Security 126

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

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. Remember that API security is not a one-and-done solution. Spread the Word!

Security 87

Security Authentication Risk Cybersecurity 87

eSecurity Planet

SEPTEMBER 21, 2024

These laws aim to establish standards for securing data, ensuring privacy, and mitigating risks associated with digital information. By enforcing these regulations, governments seek to enhance the overall security posture of businesses and institutions, reduce the likelihood of cyber incidents, and promote trust in the digital ecosystem.

Cybersecurity 114

Cybersecurity Computer and Electronics Compliance Privacy 114

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

Security Affairs

JULY 25, 2024

These details are alarming to the security community and private sector, and demand a proactive approach to combat this threat, including identifying precursors to it in the cyberspace. This activity was especially notable in Q2 2024, with new resources appearing at the beginning of Q3 2024.

Risk 139

Risk e-Delivery Communications Financial Services 139

OpenText Information Management

NOVEMBER 22, 2024

OpenText World 2024 took place in Las Vegas this week and offered more innovation, product announcements, training, learning, and networking than ever before. OpenText is focused at the application, infrastructure, supply chain, and security level and we have purposely designed our OpenText cloud platform for information management.

Cloud 76

Cloud Financial Services Education Marketing 76

Security Affairs

APRIL 28, 2024

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai. It offers a wide range of banking and financial services for corporate and retail customers. Exposed financial information includes credit card numbers, expiry dates, and card verification values (CVV).

Financial Services 135

Financial Services Retail IT Information Security 135

Security Affairs

JANUARY 23, 2024

Financial services company LoanDepot disclosed a data breach that impacted roughly 16.6 LoanDepot is a financial services company that primarily operates as a mortgage lender. The company provides a range of mortgage and non-mortgage loan products and services. million individuals. million individuals.

Data breaches 132

Data breaches Financial Services Cybersecurity Ransomware 132

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

Security Affairs

OCTOBER 14, 2024

US-based financial services company Fidelity Investments warns 77,000 individuals of a data breach that exposed their personal information. based financial services company Fidelity Investments is notifying 77,099 individuals that their personal information was compromised in an August cyberattack.

Data breaches 131

Data breaches Financial Services Access Security 131

Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements. Instead, licensees are bound by the notification requirements of the Vermont Security Breach Notice Act, 9 V.S.A.

Insurance 107

Insurance Security Information Security Cybersecurity 107

OpenText Information Management

MAY 22, 2024

We are excited to be a lead sponsor at the 2024 Payments Canada Summit! As we prepare for one of the most important events in payments, we understand that the financial services industry is undergoing significant changes, driven by standards like ISO 20022 and the rapid adoption of artificial intelligence.

Artificial Intelligence 69

Artificial Intelligence IT Financial Services Customer Experience 69

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business madhav Thu, 12/21/2023 - 05:15 People always want to comprehend what the future brings. 2024 promises to be a pivotal year, bringing transformative advancements and new challenges in tech and cybersecurity. The same is true for today’s business leaders.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Security Affairs

APRIL 3, 2024

Resecurity researchers warn that a new Version of JsOutProx is targeting financial institutions in APAC and MENA via Gitlab abuse. Resecurity has detected a new version of JSOutProx , which is targeting financial services and organizations in the APAC and MENA regions.

Financial Services 128

Financial Services Phishing IT Information Security 128

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 The stolen information included full names, Social Security numbers, mailing addresses, phone numbers, and email addresses of millions of U.S., Perhaps the time has come to get rid of using our social security numbers.

Authentication 216

Authentication IT ROT Compliance 216

Security Affairs

FEBRUARY 19, 2024

Return here for more information at: 11:30 GMT on Tuesday 20th Feb” The Operation Cronos operation is still ongoing and NCA’s announced that more information will be published tomorrow, February 20, 2024. “The site is now under the control of law enforcement.

Energy and Utilities 133

Energy and Utilities Ransomware Agriculture Financial Services 133

Data Protection Report

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

Security Affairs

OCTOBER 31, 2024

Interbank , formally the Banco Internacional del Perú Service Holding S.A.A. is a leading Peruvian provider of financial services has over 2 million customers. Faced with this situation, we immediately deployed additional security measures to protect the operations and information of our clients.”

Data breaches 98

Data breaches Financial Services Passwords Access 98

Security Affairs

JUNE 6, 2024

” said Bryan Vorndran, the Assistant Director at the FBI Cyber Division, during the 2024 Boston Conference on Cyber Security. This call to action comes after law enforcement took down LockBit’s infrastructure in February 2024 in an international operation dubbed “ Operation Cronos.” continues the NCA.

Energy and Utilities 135

Energy and Utilities Ransomware Agriculture Encryption 135

Thales Cloud Protection & Licensing

JULY 1, 2024

Open banking and PSD2: Secure innovative services via Open API josh.pearson@t… Mon, 07/01/2024 - 21:28 Access Control Identity & Access Management Ammar Faheem | Product Marketing Manager More About This Author > E-commerce is now a fact of life. As of 2024, open banking adoption in Europe was projected to reach 132.2

Security 62

Security Financial Services Digital transformation Access 62

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. This year’s theme, “Secure Our World,” encourages people to safeguard the digital assets that are instrumental to their personal and professional lives. Oh, and it’s Cybersecurity Awareness Month. The result?

Security 62

Security Encryption Data breaches Cybersecurity 62

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

Fraud Awareness Week: How to Effectively Protect Your Data and Combat Fraudsters madhav Tue, 11/19/2024 - 05:28 International Fraud Awareness Week (November 17-23) is a critical time to consider the significant risks that fraud poses to individuals and organizations. But that likely doesn’t come as much of a surprise. million in FY23.

Financial Services 71

Financial Services Encryption Digital transformation Compliance 71

Security Affairs

JULY 31, 2024

The Cleafy TIR team discovered the previously undetected malware at the end of May 2024. “These techniques have several advantages: they require less skilled developers, expand the malware’s target base to any bank, and bypass various behavioural detection countermeasures put in place by multiple banks and financial services.”

Authentication 140

Authentication Financial Services Communications Access 140

Krebs on Security

NOVEMBER 14, 2024

That investigation detailed how the 38-year-old Shefel adopted the nickname Rescator while working as vice president of payments at ChronoPay , a Russian financial company that paid spammers to advertise fake antivirus scams, male enhancement drugs and knockoff pharmaceuticals. Ermakov was recently found guilty and given two years probation.

Retail 234

Retail Ransomware Marketing Healthcare 234

Data Protection Report

JANUARY 18, 2024

2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”). This post will focus on the cybersecurity regulation issues. (For

Cybersecurity 111

Cybersecurity Financial Services Compliance Encryption 111

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.

Security 77

Security Authentication Passwords Risk 77

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

DECEMBER 18, 2024

IAM Predictions for 2025: Identity as the Linchpin of Business Resilience madhav Thu, 12/19/2024 - 05:33 As we look toward 2025, the lessons of 2024 serve as a stark reminder of the rapidly evolving identity and access management (IAM) landscape.

B2B 71

B2B Data Privacy Privacy Financial Services 71

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

Thales Cloud Protection & Licensing

DECEMBER 12, 2024

A Critical Guide to PCI Compliance madhav Thu, 12/12/2024 - 08:28 You are shopping online, adding items to your cart, and you're ready to pay with your credit card. This sense of trust exists thanks largely to PCI DSSthe Payment Card Industry Data Security Standard. PCI DSS is a security system for your credit card and its data.

Compliance 62

Compliance Encryption Financial Services Data breaches 62

Security Affairs

JUNE 29, 2024

IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries. “On June 27, 2024, Infosys McCamish filed a notice with the Attorney General of Maine describing a data breach affecting consumers nationwide.

Data breaches 107

Data breaches e-Discovery Ransomware Insurance 107

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Compliance madhav Tue, 09/19/2023 - 05:17 It is essential for any business that stores, processes, and transmits payment card information to comply with the Payment Card Industry Data Security Standard (PCI DSS). Consumers’ payment data is a compelling target for criminals who continue to circumvent IT security defenses.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

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 Compliance IT Financial Services 72