Top predictions for financial services in 2023
OpenText Information Management
JANUARY 5, 2023
With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).
Blog Financial Services Government 
Data Protection in Financial Services Week 2022
Data Matters
FEBRUARY 25, 2022
Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector.
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The US government sanctioned four entities and one individual for supporting cyber operations conducted by North Korea
Security Affairs
MAY 24, 2023
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement. correspondent or payable-through account sanctions.”
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6 benefits of data lineage for financial services
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. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. The post 6 benefits of data lineage for financial services appeared first on IBM Blog.
NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies
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. The Amendment also includes new governance requirements and responsibilities applicable to the CISO of all covered entities.
OCR Labs exposes its systems, jeopardizing major banking clients
Security Affairs
APRIL 6, 2023
A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.
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Embracing new ways of working in financial services
CGI
APRIL 17, 2020
Embracing new ways of working in financial services. Although the approaches to dealing with the COVID-19 pandemic vary by country, as governments and businesses come to grips with it, one thing is imperative: we will get through this. . Blog moderation guidelines and term of use. Visit cgi.com/3R to learn more. .
The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why
Rocket Software
MARCH 14, 2022
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. Insurance and financial services are built on trust, so these changes will help organizations differentiate from competition.
Summary – “Industry in One: Financial Services”
ARMA International
NOVEMBER 7, 2019
The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.
Multinational ICICI Bank leaks passports and credit card numbers
Security Affairs
APRIL 20, 2023
In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. Cybernews contacted ICICI Bank and CERT-IN, and the company fixed the issue. million files belonging to ICICI Bank.
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Capital Markets, AI, and the need for governance
Collibra
OCTOBER 31, 2023
With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Financial services orgs, especially those in capital markets, frequently has been on the forefront of generative AI investment.
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Simplifying Compliance in the Complex U.S. FinServ Regulatory Landscape
Thales Cloud Protection & Licensing
JANUARY 16, 2025
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.
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AI Governance: Break open the black box
IBM Big Data Hub
OCTOBER 4, 2022
Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are demanding it. Failure to meet regulations can lead to government intervention in the form of regulatory audits or fines, damage to the organization’s reputation with shareholders and customers, and revenue loss.
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UK Government sets out proposals to shake up UK data protection laws
Data Protection Report
SEPTEMBER 28, 2021
On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. The deadline for responding to the consultation is 19 November 2021.
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What can AI and generative AI do for governments?
IBM Big Data Hub
SEPTEMBER 20, 2023
When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services. AI’s value is not limited to advances in industry and consumer products alone.
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Microsoft partnered with other security firms to takedown TrickBot botnet
Security Affairs
OCTOBER 12, 2020
In this blog, we detail the evolution of Trickbot, associated tactics, recent campaigns, and dive into the anatomy of a specific attack. The information gathered by the security firm was used by Microsoft to receive a warrant to takedown the TrickBot servers. link] — Microsoft Security Intelligence (@MsftSecIntel) October 12, 2020.
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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance
Data Matters
FEBRUARY 10, 2021
On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. The Framework. 1 See W.B.
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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program
IBM Big Data Hub
APRIL 4, 2024
IBM has created the solution for this problem with its Financial Services Cloud offering, and its ISV Financial Services validation program, which is designed to de-risk the partner ecosystem for clients. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements.
U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks
Data Matters
JANUARY 28, 2022
The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. First , all of the reports specifically focus on the threat of Russian state-sponsored cyberattacks.
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Top 7 Data Governance Blog Posts of 2018
erwin
DECEMBER 20, 2018
The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. www.erwin.com/blog/defining-data-governance/.
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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation
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.
Scary Fraud Ensues When ID Theft & Usury Collide
Krebs on Security
JANUARY 25, 2022
MSF said the personal information involved in this incident may have included name, date of birth, government-issued identification numbers (e.g., 14, 2022 breach notification letter from tribal lender Mountain Summit Financial. . According to Buckley LLP , a financial services law firm based in Washington, D.C.,
Market Leading Cybersecurity and National Security Lawyers David Lashway and John Woods Join Sidley in Washington, D.C.
Data Matters
MAY 4, 2022
He is one of the few lawyers who has led multiple global responses to data integrity attacks involving the financial services industry. As a counselor, based on his experience in handling data integrity and operationally impactful malware incidents, he is sought out for his advice in the areas of cyber resilience and data governance.
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EU data governance regulation – a wave of digital, regulatory and antitrust reform begins – Part 1
Data Protection Report
DECEMBER 17, 2020
On 25 November 2020, the European Commission ( EC ) published its proposed Data Governance Regulation (the DGR ), which will create a new legal framework to encourage the development of a European single market for data. This is part one of a series of three blog posts. What are the objectives of the Data Governance Regulation?
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GUEST ESSAY: Few consumers read privacy policies — tools can now do this for them
The Last Watchdog
MARCH 14, 2022
Financial services, health, home security, governance and all other mission critical services are now provided online. But these accounts are not all about networking and games. Related: What happened to privacy in 2021. COVID crisis has forced us to work remotely. Our children now take classes online.
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Automated governance and trustworthy AI
IBM Big Data Hub
JUNE 7, 2022
Governments and regulatory bodies around the world are working to establish safety standards. The proposed rules aim to govern automated valuation models to protect borrowers. As governments recognize and regulate the growing use of AI for crucial decisions, enterprises should prepare proactively. In the U.S.,
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SHARED INTEL: Poll highlights the urgency to balance digital resiliency, cybersecurity
The Last Watchdog
SEPTEMBER 21, 2022
Organizations, such as financial services or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data. and Eastern Europe, which favor public cloud. This is likely because private clouds give organizations more control over data.
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How better key management can close cloud security gaps troubling US government
Thales Cloud Protection & Licensing
FEBRUARY 28, 2024
How better key management can close cloud security gaps troubling US government madhav Thu, 02/29/2024 - 05:38 In my first blog on this topic I noted a Treasury Department report released last year listed six cloud security challenges financial sector firms face. This hack included US Government networks.
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Enterprise Architecture and Business Process Modeling Tools Have Evolved
erwin
FEBRUARY 20, 2020
A North American banking group is using erwin Evolve to integrate information across the organization and provide better governance to boost business agility. Developing a shared repository was key to aligning IT systems to accomplish business strategies, reducing the time it takes to make decisions, and accelerating solution delivery.
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Turning Aspiration into Action to Protect Financial Institutions
Thales Cloud Protection & Licensing
DECEMBER 4, 2019
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.
GUEST ESSAY: Massive NPD breach tells us its high time to replace SSNs as an authenticator
The Last Watchdog
SEPTEMBER 24, 2024
Governments can create a digital identity at birth to replace SSN in its current use. The NPD breach serves as a stark reminder of the critical importance of data security in today’s digital world, particularly in regulated industries such as financial services and healthcare. That identity is tied to specific vendors.
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Putting data storage at the forefront of cloud security
IBM Big Data Hub
NOVEMBER 7, 2023
Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.
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GUEST ESSAY: 5 security steps all companies should adopt from the Intelligence Community
The Last Watchdog
DECEMBER 6, 2018
This cycle takes a holistic approach to detecting and deterring external threats and enforcing best-of-class data governance procedures. Businesses at large would do well to model their data collection and security processes after what the IC refers to as the “intelligence cycle.” infrastructure from cyber attacks.
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An introduction to Wazi as a Service
IBM Big Data Hub
NOVEMBER 14, 2023
With flexible consumption-based pricing, it provides on-demand access to z/OS systems, dramatically improving developer productivity by accelerating release cycles on secure, regulated hybrid cloud environments like IBM Cloud Framework for Financial Services (FS Cloud). The IBM Cloud Framework for Financial Services a.k.a
Keeping Up with New Data Protection Regulations
erwin
APRIL 11, 2019
Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS). employees).
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What Every CIO Needs to Know About DORA: An IT Operations Perspective
OpenText Information Management
JANUARY 24, 2025
This blog covers how traditional IT operations across disciplines such as performance monitoring, observability, configuration management, and service/asset management can contribute to achieving DORA compliance. The post What Every CIO Needs to Know About DORA: An IT Operations Perspective appeared first on OpenText Blogs.
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Why I believe the Blockchain will transform Government
CGI
DECEMBER 11, 2015
Why I believe the Blockchain will transform Government. You may not yet have come across the Blockchain but it is making waves within the financial services community and is heralded as one of the most significant advances in technology for a generation. Blog moderation guidelines and term of use. ravi.kumarv@cgi.com.
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Embrace AI Knowledge Work with Cloud Editions (CE) 24.4
OpenText Information Management
NOVEMBER 19, 2024
Designed for industries handling sensitive data - such as healthcare, finance, legal, and government - OpenText’s cloud fax solutions empower global organizations to modernize their fax infrastructure with security and adeptness. Consider a financial services provider handling a high volume of sensitive client information.
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Collibra and Amazon Web Services (AWS) partnership reaches new heights
Collibra
JULY 14, 2023
Today, we’re excited to announce we’ve attained two new AWS Competencies under the AWS Competency Program: the Data and Analytics Competency, and the Government Competency. Collibra takes immense pride in achieving the AWS Data and Analytics Competency and the AWS Government Competency.
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Leading Antitrust and Consumer Protection Lawyer Sean Royall Joins Sidley
Data Matters
FEBRUARY 11, 2022
Sean’s practice focuses on antitrust and consumer protection litigation and government investigations. Sean, who has spent his entire career handling complex antitrust litigation matters and government investigations, is among the country’s most experienced and highly regarded antitrust lawyers.
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Enterprise Architecture: Secrets to Success
erwin
AUGUST 13, 2020
With more governance around the information and processes we use to document that information, we can produce more accurate and robust analyses for a true “as-is” view of the entire organization for better decision-making. We also need to reduce the cost of curating and governing information within our repositories.
Top Data Management Trends for Chief Data Officers (CDOs)
erwin
MARCH 18, 2021
The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financial services — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin.
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Four Use Cases Proving the Benefits of Metadata-Driven Automation
erwin
FEBRUARY 7, 2019
As such, traditional – and mostly manual – processes associated with data management and data governance have broken down. The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. The volume and variety of data has snowballed, and so has its velocity.
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From principles to actions: building a holistic approach to AI governance
IBM Big Data Hub
SEPTEMBER 27, 2022
Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. AI governance: From principles to actions. Sometimes an organization’s need is more tied to organizational AI governance.
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