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Build cognitive solutions with Financial Services Workbench and Cloud Pak for Data

IBM Big Data Hub

From changing customer behavior and expectations, rapid innovation in digital technology, burgeoning regulatory requirements, and the macroeconomic environment, the very definition of financial services is changing.

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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

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.

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Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

.” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. According to Buckley LLP , a financial services law firm based in Washington, D.C.,

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CIPL Publishes Discussion Paper on Digital Assets and Privacy

Hunton Privacy

As financial services authorities move to regulate digital assets in jurisdictions worldwide, the paper highlights the need to bring privacy regulators into the discussion so that data privacy issues affecting blockchain are addressed in tandem. Accountability.

Paper 134
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NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

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

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Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

. “There are just horrifying stories that run the gamut in terms of victims, from young women early in their careers, to senior citizens and even to people working in the financial services industry.” “There are definitely some psychological mechanisms at work to encourage people to invest more.”

Marketing 339
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If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

ISO 20022 was first introduced in 2004 to provide more standardization and deliver richer information for Financial Services transactions. The benefits of providing an enhanced definition for payment transactions include the following: Improving automation to achieve higher straight-through-processing (STP) rates.