Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. regulator concerning the increasingly critical issue of cyberinsurance.

Insurance 78

Insurance Financial Services Cybersecurity Risk 78

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 67

Financial Services Cybersecurity Insurance Risk 67

IBM Big Data Hub

AUGUST 1, 2023

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. In this post we discuss the operational advantages of a good privacy breach record-keeping program. Risk management and mitigation. M&A and Securities law.

Compliance 137

Compliance Privacy Risk Financial Services 137

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. The RSA Archer Suite can be customized for organizations of all sizes and industries. Regulatory & corporate compliance management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

The Retail Cyber Threat Landscape Time and again, the retail industry has found itself in the crosshairs of cybercriminals. Data breaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. For retailers, this poses a two-pronged challenge.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

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 83

Compliance Cybersecurity Risk Encryption 83

The Last Watchdog

MARCH 31, 2020

Here are key takeaways: The speed imperative Software has become the life blood of virtually all industries. Over the years processes, training and tooling to account for data privacy and data integrity have been woven in, driven by data breach lawsuits and the rise of data handling regulations. That’s become the mantra of DevOps.

Security 194

Security Privacy Financial Services Risk 194

IBM Big Data Hub

JUNE 7, 2022

The announcement highlighted the crucial role of training data, and the terrible consequences of using data that “fails to represent American society.”. As an example, a large financial services firm could easily deploy hundreds or thousands of AI models to assist decision makers in various tasks.

Government 52

Government Financial Services Compliance Cloud 52

IBM Big Data Hub

JUNE 26, 2023

Possibilities are growing that include assisting in writing articles, essays or emails; accessing summarized research; generating and brainstorming ideas; dynamic search with personalized recommendations for retail and travel; and explaining complicated topics for education and training. What can you do now to scale generative AI responsibly?

Retail 63

Retail Compliance Risk Education 63

IBM Big Data Hub

JANUARY 12, 2024

The integration of artificial intelligence (AI) has ushered in a new era of technological progress, offering a spectrum of benefits across industries. Cloud-hosted AI services demand the transfer of sensitive information to external servers, which can raise questions about data ownership, jurisdiction and control.

Cloud 94

Cloud Data Privacy Encryption Privacy 94

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

IBM Big Data Hub

JANUARY 10, 2024

To address these concerns the industry is embracing container runtime environments to abstract away infrastructure. As such, the industry continues to move away from traditional moat-and-castle strategies towards zero trust-based architectures that micro-segment environments to minimize attack surfaces.

Security 70

Security Cloud Data Privacy Financial Services 70

Collibra

AUGUST 14, 2023

It should clearly define the problem that the AI model solves, the data used to train the model, the desired outcomes, and the personas involved. If you’re in financial services, maybe you’re considering how to incorporate AI into fraud detection, or personalized customer service, denial explanations or financial reporting.

Government 52

Government Risk Financial Services Compliance 52

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 87

Cybersecurity Privacy Insurance Risk 87

DLA Piper Privacy Matters

AUGUST 23, 2021

However, as with all China laws, the PIPL is drafted as high level principles, and we anticipate additional guidelines will be published in the coming months outlining the practical compliance steps organisations will need to take when updating their China data protection compliance programmes.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

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. Add navigating complex compliance regulations and standards to the mix, and the need for a solid and trustworthy AI strategy becomes clear.

Government 52

Government Compliance Data science Financial Services 52

KnowBe4

FEBRUARY 14, 2023

This means you have a bunch of users that unwittingly follow a set of unusual and unnecessary clicks that they should know better than to follow – something they learn very quickly if they are enrolled in new-school security awareness training. Blog post with links: [link] Are Your Users Making Risky Security Mistakes? You're not alone.

Phishing 85

Phishing Security awareness Compliance Risk 85

eSecurity Planet

FEBRUARY 11, 2022

Rather than doors, locks and vaults, IT departments rely on a combination of strategies, technologies, and user awareness training to protect an enterprise against cybersecurity attacks that can compromise systems, steal data and other valuable company information, and damage an enterprise’s reputation. Maintaining Regulatory Compliance.

Risk 133

Risk Cybersecurity Encryption Access 133

IBM Big Data Hub

FEBRUARY 14, 2024

But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system. Generative AI can produce high-quality text, images and other content based on the data used for training. We’re all amazed by what AI can do.

Artificial Intelligence 82

Artificial Intelligence Retail Unstructured data Insurance 82

Data Matters

APRIL 20, 2021

A formal vendor selection program that maintains records of vendors’ responses to the questions would further strengthen the program’s maturity and the plan sponsor’s ability to demonstrate compliance with the Cybersecurity Guidance. Obligations of Service Providers Responsible for Plan-Related IT Systems and Data.

Cybersecurity 67

Cybersecurity Insurance Risk Compliance 67

Rocket Software

FEBRUARY 25, 2022

A deep technical understanding isn’t required with the right solution, meaning business users can benefit from these tools without extensive training or continuous support from IT teams. Engaging automation can ensure around-the-clock compliance to protect against costly fines. Minimize Risk and Improve Resiliency.

Compliance 59

Compliance Financial Services Risk Insurance 59

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. The RSA Archer Suite can be customized for organizations of all sizes and industries. Regulatory & corporate compliance management. Audit management.

Compliance 67

Compliance Risk Government Retail 67

Data Matters

SEPTEMBER 24, 2019

Many of the new or modernized laws tend to be based on comprehensive legislation, rather than sectoral rules, as data needs to move across industry groups and borders. Companies in the financial services, technology, airline and hotel industries are among those that could face substantial compliance obligations.

Personal data 67

Personal data GDPR Data Privacy Privacy 67

Rocket Software

NOVEMBER 16, 2021

Especially during a time when the IT industry is experiencing a talent shortage , modernizing these workflows can mean the difference between securing new hires and losing them to other IT sectors. As a result, millions of dollars are spent paying people to engage with systems tediously.

Customer Experience 52

Customer Experience Financial Services Insurance Compliance 52

IBM Big Data Hub

SEPTEMBER 14, 2023

As enterprises modernize and migrate workloads to IBM Cloud, they often run into requirements that certain components of their application workloads to run on other cloud service provider networks. These requirements create a technical challenge for enterprises—especially in regulated industries (e.g.,

Cloud 70

Cloud Financial Services Insurance Compliance 70

HL Chronicle of Data Protection

MAY 13, 2019

The insurance industry has not been immune from such scrutiny, and the imposition of business practice requirements intended to enhance cybersecurity sector-wide. Train employees : Licensees must provide security awareness training to employees. More states are sure to follow.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

CGI

MAY 26, 2016

Financial institutions in the U.S. The combined and increased focus of the Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC) on cybersecurity issues are indicative of U.S. regulators’ state of mind. . Impacted areas. Data loss prevention.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

Data Matters

NOVEMBER 13, 2017

Its new Principles reflect its view of the positive potential for new data aggregation services while emphasizing the need to develop a workable industry model that addresses consumer privacy, limits data security risks, promotes transparency and consumer choice and protects the accuracy of financial data. The post U.S.

Financial Services 60

Financial Services Privacy Access Marketing 60

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”). As part of the “training and monitoring” requirements under Section 500.14

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Healthcare and financial services are the most attacked industries.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Data Matters

FEBRUARY 28, 2019

The Report comments that where all 3 lines of defence are clear about their roles and responsibilities, the first line (IT functions) and the second line (risk and compliance) are able to appropriately challenge the third line (board and management levels) and ensure they were sufficiently aware of current and emerging risks.

Cybersecurity 67

Cybersecurity Risk Marketing Financial Services 67

ARMA International

DECEMBER 26, 2019

Government topped the list of vertical industries at 23%. in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams. Fifty-eight percent of respondents are confident they comply with the data protection/privacy obligations within their jurisdiction or industry.

Content services 76

Content services Cloud Records Management Privacy 76

eSecurity Planet

AUGUST 10, 2023

As a bonus, many of these tools are free to access and have specialized feeds that focus on different industries and sectors. critical infrastructure. Although it is free to join, membership is required to access InfraGard resources. Pricing It is free to become an InfraGrad member and use InfraGard tools and feeds.

Cybersecurity 78

Cybersecurity Access Metadata Energy and Utilities 78