The Last Watchdog

AUGUST 30, 2021

One of the most commonly repeated phrases in the security industry is, “Security teams hate their SIEM!”. Security Information and Event Management (SIEM) is not what it was 20 years ago. Here are five misconceptions, or myths, related to the SIEM, now security analytics platforms: • SIEMs are only good for compliance.

Analytics 230

Analytics Security Marketing Compliance 230

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

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

OpenText Information Management

JANUARY 12, 2021

Fax is so secure that faxed documents and signatures are recognized in the courts as being legally binding. It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better? The paper problem Financial services workflows have always been heavily paper-based.

Financial Services 90

Financial Services Cloud Customer Experience Paper 90

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

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

The Last Watchdog

SEPTEMBER 21, 2018

It’s rise in popularity has helped drive a new trend for start-ups to go “Cloud Native,” erecting their entire infrastructure, from the ground up, leveraging cloud services like Amazon Web Services, Microsoft Azure and Google Cloud. Security burden. Rising API exposures are another big security concern, by the way.

Cloud 203

Cloud Security Mining Financial Services 203

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. For additional information see security configuration.

Compliance 52

Compliance Risk Financial Services Access 52

Security Affairs

JUNE 20, 2023

Those who fail to take a proactive approach to secure their data often learn the hard way how vulnerable – and valuable – that data can be. Data sovereignty plays a crucial role in a robust security strategy. Organizations adopting DDR should prioritize integrating these components within their cybersecurity infrastructure.

Compliance 246

Compliance Cybersecurity Risk Encryption 246

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

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 332

Insurance Risk Financial Services Mining 332

The Last Watchdog

MARCH 31, 2020

Related: A firewall for microservices DevSecOps arose to insert security checks and balances into DevOps, aiming to do so without unduly degrading speed and agility. If you’re thinking that speed and security are like oil and water, you’re right. For a full drill down on our discussion, please give the accompanying podcast a listen.

Security 194

Security Privacy Risk Financial Services 194

AIIM

JANUARY 26, 2018

A new set of European rules and standards related to privacy and data protection (the General Data Protection Regulation , or GDPR ) has set in motion a mad compliance and security scramble not only for European companies, but also for any company doing business in Europe or with European customers. 3 -- Governance and oversight.

GDPR 120

GDPR Compliance Archiving Privacy 120

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

Thanks to AI, fraud attempts and successful attacks are alarmingly common and more advanced, with many businesses experiencing substantial financial losses directly resulting from these crimes. Enables secure data analytics while mitigating risks of exposure and compromise.

Financial Services 71

Financial Services Encryption Digital transformation Compliance 71

DLA Piper Privacy Matters

AUGUST 8, 2023

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

Financial Services 98

Financial Services Personal data Compliance Data collection 98

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

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

Thales Cloud Protection & Licensing

JANUARY 11, 2023

The Most Popular Data Security Webinars of 2022: Sovereignty, Cloud Security and Compliance Top the List. Trends in Cloud Security: Key Findings from the 2022 Cloud Security Study. Along with this shift, security challenges have changed and increased, and are top of mind for IT teams and security professionals.

Compliance 83

Compliance Cloud Security Financial Services 83

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. Going forward, businesses need to fill these gaps with the right solutions to manage critical information assets securely and effectively.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Thales Cloud Protection & Licensing

OCTOBER 16, 2024

Solid Data Security: The Foundation of a Safe Digital World madhav Thu, 10/17/2024 - 04:58 It’s that time of year again. This year’s theme, “Secure Our World,” encourages people to safeguard the digital assets that are instrumental to their personal and professional lives. Oh, and it’s Cybersecurity Awareness Month. The result?

Security 62

Security Encryption Data breaches Cybersecurity 62

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

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 60

Financial Services Communications Compliance Risk 60

The Last Watchdog

SEPTEMBER 23, 2019

Tech consultancy IDC recently estimated that global spending on security-related hardware, software and services is growing at a compound annual growth rate of 9.2% Here are key takeaways: Security benefits Protect the data itself. It bakes security in and at the deepest level. It’s not for lack of trying.

Security 159

Security Encryption Compliance Data breaches 159

Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements. Instead, licensees are bound by the notification requirements of the Vermont Security Breach Notice Act, 9 V.S.A.

Insurance 107

Insurance Security Information Security Cybersecurity 107

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

Security Affairs

AUGUST 30, 2018

As an additional security precaution, we have locked all Air Canada mobile App accounts to protect our customers’ data.” 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. ” reads the data breach notification.

Data breaches 193

Data breaches IT Passwords Financial Services 193

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

AIIM

OCTOBER 15, 2018

In a recent AIIM webinar, Craig Le Clair, Forrester VP and Principle Analyst, and Florian Vondal, Allianz Solution Architect, took a closer look at the “esign of the times” and what must be considered when attempting to accelerate e-signature adoption enterprise-wide and meet global compliance.

Compliance 116

Compliance Insurance Digital transformation Authentication 116

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

Cloud 82

Cloud Financial Services Security Compliance 82

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

The Last Watchdog

SEPTEMBER 24, 2024

The stolen information included full names, Social Security numbers, mailing addresses, phone numbers, and email addresses of millions of U.S., Investigations are ongoing, and several class-action lawsuits have been filed, alleging that the company failed to implement sufficient security measures. Canadian, and British citizens.

Authentication 216

Authentication IT ROT Compliance 216

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

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

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. This sense of trust exists thanks largely to PCI DSSthe Payment Card Industry Data Security Standard. PCI DSS is a security system for your credit card and its data.

Compliance 62

Compliance Encryption Financial Services Data breaches 62

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

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). Consumers’ payment data is a compelling target for criminals who continue to circumvent IT security defenses.

Compliance 77

Compliance Financial Services Data breaches Encryption 77