Remove Compliance Remove Financial Services Remove Personal data
article thumbnail

Top financial services trends of 2024

IBM Big Data Hub

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.

article thumbnail

CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

The Draft Measures regulate the processing of electronic data collected and generated during the course of business activities that are under the supervision and management of PBOC (“ Regulated Data ”). The data protection level cannot be reduced even in the context of intra-group processing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S.

article thumbnail

GUEST ESSAY: Massive NPD breach tells us its high time to replace SSNs as an authenticator

The Last Watchdog

Online credit bureaus, like Equifax, Experian, and TransUnion, often see an uptick in new users after breaches because consumers realize the potential risks to their financial well-being and identity. NPD’s practice of scraping data elements from non-public sources without consent raises serious ethical and legal concerns.

article thumbnail

2024 Cybersecurity Laws & Regulations

eSecurity Planet

Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. These regulations often set standards for cybersecurity practices, incident reporting, and compliance requirements. What are Federal Cybersecurity Regulations?

article thumbnail

NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

article thumbnail

DEEP TECH NEWS: Respecting individual rights by using ‘privacy preserving aggregate statistics’

The Last Watchdog

However, this intensive ingestion of personal data points — in the absence of reasonable oversight — has triggered consumer anxiety , and rightly so. This, in turn, has led to rising data privacy regulations. In addition to developing and getting in position to supply the technology, Boyle says.

Privacy 263