article thumbnail

Banks Brace for DORA Cybersecurity Deadline on Jan. 17

Data Breach Today

New EU Rules Focus on Operational Resilience, Breach Reporting and Third-Party Risk The Digital Operational Resilience Act aims to reshape the financial services industry by introducing strict cybersecurity standards. Financial institutions must comply with the new rules by Jan.

article thumbnail

IAM Predictions for 2025: Identity as the Linchpin of Business Resilience

Thales Cloud Protection & Licensing

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

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.

article thumbnail

New York Department of Financial Services addresses cybersecurity risks from artificial intelligence

Data Protection Report

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. Data Inventories and Data Minimization.

article thumbnail

How digital fax and capture are transforming healthcare

OpenText Information Management

The compound annual growth rate of healthcare data will reach 36% by 2025 – rising 6% faster than manufacturing, 10% faster than financial services and … The post How digital fax and capture are transforming healthcare appeared first on OpenText Blogs.

Mining 69
article thumbnail

If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

ISO 20022 was first introduced in 2004 to provide more standardization and deliver richer information for Financial Services transactions. Leveraging rich data to provide value-added services, such as real-time fraud detection, automated reconciliation, etc. Background on ISO 20022. In the U.S., The future of payments.

article thumbnail

Simplifying Compliance in the Complex U.S. FinServ Regulatory Landscape

Thales Cloud Protection & Licensing

However, as important as PCI may be, United States financial services organizations operate in one of the worlds most stringent and complex compliance landscapes. Understanding the US FinServ Compliance Landscape The US financial services industry is subject to a vast number of laws and regulations.