Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

Financial Services 104

Financial Services Blockchain Encryption Cloud 104

OpenText Information Management

JANUARY 12, 2021

The paper problem Financial services workflows have always been heavily paper-based. For example, in … The post Three use cases for cloud fax in financial services appeared first on OpenText Blogs. What about incorporating other business drivers such as improved business efficiency or enhanced customer experience?

Financial Services 90

Financial Services Cloud Customer Experience Paper 90

OpenText Information Management

OCTOBER 1, 2024

OpenText is presenting the Financial Services Summit 2024 , which taking place on Oct. This exclusive in-person event focuses on harnessing AI to enhance trust and regulatory compliance in the financial services industry. For more information and registration, visit OpenText Financial Services Summit.

Financial Services 69

Financial Services Compliance Marketing Cloud 69

Dark Reading

OCTOBER 10, 2023

Financial services organizations migrating applications to the cloud need to think about cloud governance, applying appropriate policies and oversight, and compliance and regulatory requirements.

Financial Services 76

Financial Services Cloud Compliance Security 76

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? Regulatory compliance The financial space is highly regulated.

Financial Services 90

Financial Services Cloud Metadata Digital transformation 90

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

Risk 234

Risk IT Financial Services Cybersecurity 234

Collibra

JANUARY 9, 2025

The Basel Committee on Banking Supervision Principles for effective risk data aggregation and risk reporting (BCBS 239) outlines fourteen key principles to which banks need to adhere to for compliance. Compliance with these principles should not be at the expense of each other.

Compliance 52

Compliance Risk Financial Services Access 52

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

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. In particular, the new rules provide that the CISO and the highest-ranking executive of the covered entities must file annually a notice of compliance with the NYDFS (500.17(b)(2)).

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

IBM Big Data Hub

JANUARY 28, 2020

Any financial services firm using AI must revisit its approach to model risk management. Watson OpenScale helps organizations validate and monitor AI models to enhance compliance with regulations, provide fair and explainable outcomes, and mitigate business risk. To date, Watson OpenScale has focused on AI models in production.

Financial Services 80

Financial Services Big data Risk Compliance 80

Security Affairs

DECEMBER 26, 2023

Bad actors will leverage these regulations as tools for manipulation and extortion, echoing the tactics employed by certain ransomware operators who threaten victims with GDPR compliance violations and regulatory fines.

Energy and Utilities 342

Energy and Utilities Artificial Intelligence Ransomware Data breaches 342

IBM Big Data Hub

MAY 23, 2023

The review report demonstrates to its clients, partners and other interested parties that IBM Cloud services have implemented and adhere to the technical, administrative and physical control requirements of IBM Cloud Framework for Financial Services. What is the IBM Cloud Framework for Financial Services?

Financial Services 65

Financial Services Cloud Compliance Risk 65

DLA Piper Privacy Matters

AUGUST 8, 2023

In general, the compliance obligations of a Data Handler processing Regulated Data at level three or above are significantly heavier the others. The Draft Measures reflects PBOC’s approach in implementing the DSL requirements within the financial services industry.

Financial Services 98

Financial Services Personal data Compliance Data collection 98

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. On top of the time it requires, it can also expose organizations to security and compliance risks and increase the likelihood of human error.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

The Last Watchdog

AUGUST 22, 2019

On one hand, threat actors have already begun exploiting fresh attack vectors, borne of this rising complexity, and, on the other, government authorities and industry standards bodies are insisting on compliance with increasingly cumbersome data-handling security rules.

Digital transformation 147

Digital transformation Compliance Risk Security 147

IT Governance

AUGUST 26, 2021

A new approach to work requires careful consideration – and one of your biggest concerns should be your compliance posture. This might be fine if your only concern is productivity, but if you also have regulatory compliance challenges, you may feel compelled to install such software. Protecting employees’ privacy.

Compliance 119

Compliance Data breaches Privacy Risk 119

IBM Big Data Hub

APRIL 4, 2024

Balancing innovation, compliance, risk and market dynamics is a challenge While many organizations recognize the vast pool of innovations that public cloud platforms offer, financially regulated clients remain accustomed to the level of control and visibility provided by on-prem environments. Why a FS Cloud and FS Validation Program?

Financial Services 55

Financial Services Cloud Compliance Digital transformation 55

Security Affairs

JUNE 20, 2023

Various data sovereignty challenges arise for many businesses, such as cross-border data transfers, compliance with differing data protection laws, and protecting sensitive information from unauthorized access. Organizations adopting DDR should prioritize integrating these components within their cybersecurity infrastructure.

Compliance 246

Compliance Cybersecurity Risk Encryption 246

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

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.

Financial Services 53

Financial Services Communications Compliance Risk 53

Data Breach Today

OCTOBER 31, 2018

In an interview, architects of the Financial Services Sector Cybersecurity Profile, Denyette DePierro and Josh Magri, describe how to use it. They'll offer more details at ISMG's Legal & Compliance Summit in New York on Nov. Banks have a new tool available for developing cyber risk management programs.

Risk 133

Risk Financial Services Compliance Cybersecurity 133

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

Krebs on Security

JUNE 18, 2021

“The rule broadly requires firms involved in securities issuance to have a compliance process in place to assure material information follows securities laws,” Satran wrote. Reporting for Reuters Regulatory Intelligence , Richard Satran says the SEC charged First American with violating Rule 13a-15(a) of the Exchange Act.

Insurance 330

Insurance Risk Financial Services Mining 330

HL Chronicle of Data Protection

APRIL 17, 2020

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic.

Financial Services 75

Financial Services Risk Cybersecurity Phishing 75

Thales Cloud Protection & Licensing

JANUARY 11, 2023

The Most Popular Data Security Webinars of 2022: Sovereignty, Cloud Security and Compliance Top the List. Throughout 2022, Thales hosted more than 40 webinars on a wide variety of cybersecurity topics, including, cloud security, data sovereignty, compliance, data threat trends, and rethinking approaches to role-based authentication.

Compliance 83

Compliance Cloud Security Financial Services 83

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.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. The post New York Department of Financial Services Issues First Guidance by a U.S. Issuance of the Framework is notable as it represents the first official guidance by a U.S. 1 See W.B.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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. According to the 2024 Thales Data Threat Report Financial Services Edition , 39% of U.S. Compliance with PCI DSS 4.0 PCI compliance made easy.

Compliance 62

Compliance Encryption Financial Services Data breaches 62

Thales Cloud Protection & Licensing

OCTOBER 28, 2024

This introduces the challenge of balancing operational resilience with privacy compliance, especially in the context of data protection laws like the General Data Protection Regulation (GDPR). Applications of generative AI range from automating customer service to generating predictive models for risk management.

Privacy 62

Privacy Encryption Compliance Risk 62

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). According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

The Last Watchdog

AUGUST 30, 2021

Security analytics platforms combine SIEM, SOAR, and UEBA to cover the complete incident response lifecycle from detection, investigation, and response, in conjunction with other important use cases like compliance. Below, I take a page from the book of my old combinatorics class and provide a disproof by counterexample (in some cases x2).

Analytics 230

Analytics Security Marketing Compliance 230

Collibra

NOVEMBER 26, 2024

In the last decade, nine new regulations have been added for financial services, yet the old ones remain firmly in place. Banks continue to struggle with compliance, as evidenced by the fact that only 6.5% The average compliance score across all principles has hardly changed, increasing only by 0.02 points increase.

Government 52

Government Compliance Digital transformation Risk 52

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022. Revised Definition of Class A Companies.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

Security Affairs

AUGUST 30, 2018

Credit cards that are saved to your profile are encrypted and stored in compliance with security standards set by the payment card industry or PCI standards. ” The company has asked Mobile+ app users to reset their accounts as a security precaution.

Data breaches 192

Data breaches IT Passwords Financial Services 192

The Last Watchdog

SEPTEMBER 24, 2024

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. NPD’s practice of scraping data elements from non-public sources without consent raises serious ethical and legal concerns.

Authentication 216

Authentication IT ROT Compliance 216

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance.

Insurance 68

Insurance Financial Services Compliance Retail 68

Collibra

AUGUST 29, 2024

As financial services organizations continue to advance their data governance programs, they begin to reap substantial rewards in compliance, risk management and business insights. For financial services firms, this data is essential not only for daily operations but also for strategic decision-making.

Government 95

Government Financial Services Metadata Compliance 95