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).
Communications Financial Services Government 
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.
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US SEC warns investors of ongoing fraudulent communications claiming from the SEC
Security Affairs
NOVEMBER 21, 2021
The Securities and Exchange Commission (SEC) warns investors of attacks impersonating its officials in government impersonator schemes. The alert recommends investors not provide any personal information in case they receive a communication that appears to be from the Securities and Exchange Commission. ” reads the alert.
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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs
Hunton Privacy
AUGUST 15, 2022
On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). The risk assessments required by Section 500.9
6 best practices for a data governance strategy
Collibra
APRIL 11, 2022
Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Promote consistent communication.
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Russia-linked GRU Unit 29155 targeted critical infrastructure globally
Security Affairs
SEPTEMBER 6, 2024
The government expert pointed out that Unit 29155 operates independently from other GRU-affiliated groups like Unit 26165 and Unit 74455. The threat actors targeted critical infrastructure sectors such as government, finance, transportation, energy, and healthcare. Since 2022, the unit focused on disrupting aid efforts for Ukraine.
Top 6 Best Practices for Data Governance
Collibra
MARCH 11, 2021
Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.
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2024 Cybersecurity Laws & Regulations
eSecurity Planet
SEPTEMBER 21, 2024
The landscape of cybersecurity laws and regulations today is set to undergo significant changes, impacting businesses, government entities, and individuals alike. ECPA protects against unauthorized access to communications and sets procedures for law enforcement agencies to obtain access to stored communications.
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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. This is an important public action by the U.S. and Russia in Ukraine.
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UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals
Data Protection Report
MAY 24, 2024
Accountability and governance. The AI update was published alongside a speech by chief executive Nikhil Rathi announcing the FCA’s plans to focus on Big Tech and Feedback Statement FS24/1 on data asymmetry between Big Tech and firms in financial services. These principles (the Principles) are: Safety, security and robustness.
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How financial institutions can deliver value from investment in digital operational resilience
IBM Big Data Hub
DECEMBER 4, 2023
The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age.
Google Yanks 106 ‘Malicious’ Chrome Extensions
Threatpost
JUNE 18, 2020
Trojan Chrome browser extensions spied on users and maintained a foothold on the networks of financial services, oil and gas, media and entertainment, healthcare and pharmaceuticals and government organizations.
Healthcare 97
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U.S. Imposes Ban on Russia’s Kaspersky; Sanctions 12 Executives
eSecurity Planet
JUNE 25, 2024
government that Kaspersky Lab’s ties to Russia could pose a national security threat. alleges that these ties could potentially allow the Russian government access to sensitive data or even facilitate cyberattacks. fears this data could be shared with the Russian government for espionage purposes. government agencies.
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Unmasking 2024’s Email Security Landscape
Security Affairs
FEBRUARY 28, 2024
Targeted Sector Vulnerabilities: Financial Services, IT, Healthcare, Education, and Government sectors have emerged as primary targets, with attackers fine-tuning their strategies to exploit specific vulnerabilities within these industries. About the Author: Stefanie Shank.
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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity
Thales Cloud Protection & Licensing
NOVEMBER 20, 2023
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks.
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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. What are the objectives of the Data Governance Regulation? This is part one of a series of three blog posts.
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Harnessing The Benefits of The Thales and Imperva Partner Ecosystem
Thales Cloud Protection & Licensing
SEPTEMBER 25, 2024
With the acquisition, Thales adds Imperva’s partners to its extensive partner ecosystem, expanding its portfolio into data governance, data risk and analytics, and application security. The integration allows Thales to help organizations discover and protect sensitive data anywhere, manage access, and secure all its paths.
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How Baptist Health improved data analysis with a cloud-based tech stack
Collibra
JULY 9, 2024
The initial staff retraining and the cost of migration are real barriers to an updated, cloud-based data governance system. Prior to adopting Collibra , the Baptist Health data governance team encountered frequent frustrations with the organization’s legacy on-premises storage systems.
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State of the Global Intelligent Document Processing Market 2023/2024
Info Source
SEPTEMBER 26, 2024
In our assessment of use cases, we expect the demand for these solutions to grow over proportionally in the next 5 years as GenAI technologies enable advanced automation capabilities and integrated customer communication features. The Public Sector consists of Federal, State and Local Government (incl. grade schools).
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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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Iran-linked APT group Pioneer Kitten sells access to hacked networks
Security Affairs
SEPTEMBER 1, 2020
” PIONEER KITTEN operations leverage on SSH tunneling, through open-source tools such as Ngrok, they also used the custom tool SSHMinion to communication with malware deployed in the target networks. ” continues the report. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.
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News Alert: W3C advances technology to streamline payment authentication
The Last Watchdog
JUNE 15, 2023
At transaction time, Secure Payment Confirmation prompts the user to consent to the terms of a payment through a “transaction dialog” that is governed by the browser; the Chrome implementation of the transaction dialog is shown above. SPC is currently available in Chrome and Edge on MacOS, Windows, and Android.
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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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Helping enterprises across regulated industries leverage hybrid cloud and AI
IBM Big Data Hub
MAY 8, 2024
We designed our enterprise cloud platform for even the most highly regulated industries with the unique needs of these heavily regulated sectors, such as financial services , government , healthcare and telco , in mind.
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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. We’ve also attempted to obtain an official comment from the bank’s communication team. The company recommended contacting the Corporate Communications Team.
erwin’s Predictions for 2021: Data Relevance Shines at the End of the Tunnel
erwin
JANUARY 7, 2021
In highly regulated environments, such as financial services, healthcare and pharma, attestations, audit trails and compliance reporting are required regardless of circumstances and will be difficult with a manual, laborious approach. However, that definition is too narrow in terms of AI’s relation to data governance.
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Best Fraud Management Systems & Detection Tools in 2022
eSecurity Planet
SEPTEMBER 16, 2022
Finally, it also is useful for companies looking for a governance, risk, compliance ( GRC ) solution. In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% of attacks IBM handled, respectively. million in losses.
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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned
Data Matters
JUNE 24, 2021
The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. provide for open communications between technical experts and disclosure advisers. 2 See Cybersecurity Risk Governance, 3235-AM89, Securities and Exchange Commission (Spring 2021).
2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business
Thales Cloud Protection & Licensing
DECEMBER 20, 2023
The enhanced capabilities of 5G-Advanced will enable seamless integration and communication between a vast array of devices and systems, creating a more interconnected and efficient business environment. It necessitates the development of new models for governance, management, and security.
Hundreds of malicious Chrome browser extensions used to spy on you!
Security Affairs
JUNE 20, 2020
Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals.
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144 
FCC Seeks to Refresh the TCPA Record
HL Chronicle of Data Protection
MAY 21, 2018
FCC , the Federal Communications Commission is going back to the drawing board in a new Public Notice that seeks comment on foundational TCPA issues. Should contractors acting on behalf of the federal government be considered “persons” under the TCPA? Now that the dust has settled from the D.C. In March, the D.C.
4 Special Requirements Social Media and Collaboration Create for GDPR Compliance
AIIM
JANUARY 26, 2018
3 -- Governance and oversight. Determining what content is considered “business” communication and when that content should be captured and archived is more complicated than it seems. These policies must be revisited taking GDPR into consideration. 4 -- Information archiving and retention. 4 -- Information archiving and retention.
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Navigating the digital wave: Understanding DORA and the role of confidential computing
IBM Big Data Hub
FEBRUARY 5, 2024
The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.
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NYDFS Requires COVID-19 Plans by April 9
Data Protection Report
APRIL 2, 2020
On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.
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Unlocking the power of chatbots: Key benefits for businesses and customers
IBM Big Data Hub
JANUARY 18, 2024
Instead of forcing the customer to communicate in your home language, enterprise-grade chatbots can support multiple languages and can even make an educated guess based on the initial input, whether it’s in chat, text or voice. Government Empower citizens to access basic information on paying bills and upcoming events by using chatbots.
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European instant payments in harmony: Traditional wisdom meets innovative thinking
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.
Cloud 58
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Chinese LuckyMouse APT has been using a digitally signed network filtering driver in recent attacks
Security Affairs
SEPTEMBER 10, 2018
defense contractors and financial services firms worldwide. The hackers attempted to inject malicious JavaScript code into the government websites connected to the data center. It waits passively for communications from its C2, with two possible communication channels via ports 3389 and 443.
Network Encryption Keeps Our Data in Motion Secure for Business Services
Thales Cloud Protection & Licensing
JULY 24, 2023
Thales offers network encryption solutions for various sectors like finance, government, and critical infrastructure. Financial Services Financial organizations operate in a highly regulated environment and undergo frequent audits to prove compliance.
Indonesia Publishes Proposed Data Protection Rule
Hunton Privacy
JULY 17, 2015
On July 14, 2015, pursuant to an implementation requirement of Government Regulation 82 of 2012, the Indonesian government published the Draft Regulation of the Minister of Communication and Information (RPM) of the Protection of Personal Data in Electronic Systems (“Proposed Regulation”). 82 of 2012.
The CFO’s role in the age of generative AI
IBM Big Data Hub
MAY 14, 2024
The finance workforce should be value creators and experience designers, enhancing their analytical and technical skills to be able to train and prompt their assistants—fine-tuning, adjusting and improving the digital service.
Ireland: Large-scale inquiries progress as DPC budget and staff numbers ramp up
DLA Piper Privacy Matters
FEBRUARY 28, 2022
The Annual Report notes that forthcoming EU legislation (NIS2 Directive, Digital Markets Act, Digital Services Act, Artificial Intelligence Act and Data Governance Act) will drive further consideration and priority of data issues. Financial Services Sector Focus. 5 Year Regulatory Strategy.
Cachet Financial Reeling from MyPayrollHR Fraud
Krebs on Security
OCTOBER 24, 2019
“We apologize for the inconvenience of this message,” reads the communication from Cachet that went out to customers just after 6:30 PM ET on Oct. ” In a follow-up communication sent Thursday evening, Cachet said all debit transactions with a settlement date of Oct. But on Oct. 1, 2019 to Aug.
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170 CISA issues proposed rules for cyber incident reporting in critical infrastructure
Data Protection Report
APRIL 9, 2024
For example, government contractors or subcontractors with reporting obligations to the DOD or DOE for cyber incidents, or financial services entities that are already required to report cyber incidents to their primary federal regulator would be considered “covered entities” under the CIRCIA.
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In Times of Rapid Change, Business Process Modeling Becomes a Critical Tool
erwin
JULY 8, 2020
It also serves to operationalize and govern mission-critical information by making it available to the wider enterprise at the right levels to identify synergies and ensure the appropriate collaboration. Industry and government regulations affect businesses that work in or do business with any number of industries or in specific geographies.
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