Data Protection Report

DECEMBER 17, 2020

On 25 November 2020, the European Commission ( EC ) published its proposed Data Governance Regulation (the DGR ), which will create a new legal framework to encourage the development of a European single market for data. What are the objectives of the Data Governance Regulation? This is part one of a series of three blog posts.

Government 102

Government Personal data Marketing Agriculture 102

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. As described below, senior governing bodies would have new oversight responsibilities under the amendments.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Collibra

MAY 16, 2022

This want to commingle the solutions likely stems from the Gartner definition published in the Magic Quadrant for Data Quality Solutions, which rightfully states that data quality needs “identification, understanding[,] and correcting flaws in data.”. For financial services, data governance found its roots in risk.

Government 105

Government Risk Financial Services Access 105

erwin

DECEMBER 17, 2020

The same is true for data, with a number of vendors creating data models by vertical industry (financial services, healthcare, etc.) The CDM provides a best-practices approach to defining data to accelerate data literacy, automation, integration and governance across the enterprise. The CDM takes this concept to the next level.

Metadata 90

Metadata Analytics Government Financial Services 90

Collibra

MARCH 11, 2021

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.

Government 59

Government Communications Insurance Customer Experience 59

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. www.erwin.com/blog/defining-data-governance/.

Government 40

Government Financial Services GDPR Data breaches 40

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. PIPL Raises the Bar – And the Stakes. In the U.S.,

Data Privacy 145

Data Privacy Compliance Privacy Security 145

erwin

FEBRUARY 7, 2019

As such, traditional – and mostly manual – processes associated with data management and data governance have broken down. The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. The volume and variety of data has snowballed, and so has its velocity.

Metadata 96

Metadata Healthcare Insurance Financial Services 96

erwin

MAY 2, 2019

Enterprise architect is a common job title within IT organizations at large companies, but the term lacks any standard definition. That’s one of the reasons the enterprise architect role has no standard definition. What the enterprise architects at your organization do depends in large part on how the IT department is organized.

Digital transformation 95

Digital transformation Healthcare Compliance Cloud 95

Preservica

NOVEMBER 6, 2017

The 2016 IGI Benchmark Report on The Governance of Long-term Digital Information confirmed that nearly all organizations represented have digital records and information that keep or need to keep in excess of 10 years. Download the Information Governance Initiative (IGI) benchmark report and the 2017 benchmark highlights.

Digital preservation 56

Digital preservation Information governance Government Archiving 56

erwin

JANUARY 7, 2021

In highly regulated environments, such as financial services, healthcare and pharma, attestations, audit trails and compliance reporting are required regardless of circumstances and will be difficult with a manual, laborious approach. However, that definition is too narrow in terms of AI’s relation to data governance.

Metadata 98

Metadata Government Compliance Artificial Intelligence 98

Reltio

SEPTEMBER 24, 2019

Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. ” However, I got into data governance totally by accident.

Government 55

Government Digital transformation Big data IT 55

Collibra

APRIL 11, 2022

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. What are data governance best practices?

Government 52

Government Communications Insurance IT 52

ARMA International

APRIL 18, 2022

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Definition and Purpose of a Records Retention Schedule.

Personal data 116

Personal data GDPR Privacy Records Management 116

Data Protection Report

OCTOBER 23, 2024

The regulation includes elements of both the Health Insurance Portability and Accountability Act (HIPAA) and the New York Department of Financial Services (NYDFS) cybersecurity regulation. The regulation also requires that the hospital’s cybersecurity policies address data governance and classification.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The two definitions from Section 500.1 a)), this new term applies. NYDFS stated: The Department has revised the language of § 500.17(a)

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

erwin

SEPTEMBER 25, 2020

Today, data modeling is a cost-effective and efficient way to manage and govern massive volumes of data, aligning data assets with the business functions they serve. Data modeling is a critical component of metadata management , data governance and data intelligence. Successfully design and implement databases.

Data structuring 111

Data structuring Cloud Metadata Financial Services 111

Collibra

AUGUST 14, 2023

As we speed into a new AI era, there’s a critical element that’s often missing when organizations rush forward in hyper-competitive markets to build scalable, trusted AI programs — and that’s AI governance. An AI governance framework offers a blueprint for how to create successful AI products.

Government 52

Government Risk Financial Services Compliance 52

Data Matters

FEBRUARY 12, 2019

The forums won’t likely provide definitive answers, they will likely provide some of the best information available. Definition of Unique Identifiers. Updating as needed the definition of unique identifiers. Adjusting the monetary threshold governing what businesses are covered by the Act. What are the next steps?

Sales 73

Sales Privacy Data Privacy Compliance 73

IT Governance

NOVEMBER 9, 2018

In brief: Profiling now has a distinct definition. Profiling is most often used for marketing purposes, but it is also used in other areas, such as healthcare, financial services and education, where large volumes of data need to be analysed in order to make quicker and more consistent decisions. Help complying with the GDPR.

GDPR 82

GDPR Personal data Compliance Financial Services 82

DLA Piper Privacy Matters

APRIL 26, 2021

Definition of AI system. The definition of an AI system is intended to be technology-neutral and future-proof, while providing legal certainty. a) The definition of a high-risk AI system. Governance, enforcements and sanctions . a) European Artificial Intelligence Board.

Artificial Intelligence 114

Artificial Intelligence Risk Marketing GDPR 114

IT Governance

DECEMBER 11, 2023

Only 3 definitely haven’t had data breached. The post The Week in Cyber Security and Data Privacy: 4 – 10 December 2023 appeared first on IT Governance UK Blog. 138 of them are known to have had data exfiltrated or exposed. We’ve also found 6 organisations providing a significant update on a previously disclosed incident.

Data Privacy 97

Data Privacy Energy and Utilities Privacy Manufacturing 97

Collibra

JULY 9, 2024

The initial staff retraining and the cost of migration are real barriers to an updated, cloud-based data governance system. Prior to adopting Collibra , the Baptist Health data governance team encountered frequent frustrations with the organization’s legacy on-premises storage systems.

Cloud 52

Cloud Analytics Government Artificial Intelligence 52

Data Protection Report

APRIL 9, 2024

For example, government contractors or subcontractors with reporting obligations to the DOD or DOE for cyber incidents, or financial services entities that are already required to report cyber incidents to their primary federal regulator would be considered “covered entities” under the CIRCIA.

Ransomware 84

Ransomware Agriculture Cybersecurity Government 84

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. in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams.

Content services 92

Content services Cloud Records Management Privacy 92

DLA Piper Privacy Matters

MARCH 3, 2023

Author: Sarah Birkett Cyber Security Strategy discussion paper launched This week saw the launch of a discussion paper for the Australian Government’s 2023-2030 Australian Cyber Security Strategy. Health care and financial services remain the two highest reporting sectors.

Data breaches 52

Data breaches Security Paper Financial Services 52

Hunton Privacy

MAY 13, 2011

The provisions are aimed at standardizing the requirements for reporting security breaches by, among other things, establishing statutory definitions of a “security breach” and “sensitive personally identifiable information.”. The heaviest impacts are likely to be felt by the financial services, energy and IT/communication sectors.

Cybersecurity 40

Cybersecurity Data breaches Information Security Financial Services 40

HL Chronicle of Data Protection

MAY 21, 2018

Circuit struck down the FCC’s 2015 interpretation of the definition of “automatic telephone dialing system” (autodialer) as overly broad, arbitrarily vague, and “utterly unreasonable.” Should contractors acting on behalf of the federal government be considered “persons” under the TCPA? In March, the D.C.

Communications 40

Communications Financial Services Privacy Government 40

Collibra

SEPTEMBER 5, 2019

It’s reaffirming to see that customer priorities align with the founding pillars of Collibra’s approach: governance embedded in the product, enterprise grade capabilities and scalability. Data Intelligence relies on governance and collaborative frameworks to ensure data sources are trustworthy. The importance of data governance .

Marketing 49

Marketing Analytics Government Financial Services 49

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S., Conquer the world!

Privacy 85

Privacy GDPR Data breaches Risk 85

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

Collibra

NOVEMBER 3, 2020

For banks to ensure preparation for CCAR MRA and sustainable regulatory compliance, they need to shift their thinking to focus on data governance, which requires a different set of capabilities. CCAR MRAs and governance capabilities . 6 must haves for your governance platform. Questions for your vendor.

Metadata 45

Metadata Government Compliance Financial Services 45

DLA Piper Privacy Matters

AUGUST 23, 2021

We have summarised the key compliance obligations under the PIPL below, with new obligations in bold for ease of reference: Relevant Laws/Regulations The PIPL becomes the primary, national-level law governing processing of personal information, but does not replace the existing data privacy framework.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

Data Matters

AUGUST 5, 2019

The law broadens the definition of “private information” which sets forth the information elements that, if breached, could trigger a notification obligation. The Stop Hacks and Improve Electronic Data Security Act.

Cybersecurity 67

Cybersecurity Data breaches Privacy Risk 67

HL Chronicle of Data Protection

DECEMBER 7, 2018

This blog post provides background on the scope of the exemption and an overview of key considerations for financial institutions developing CCPA compliance programs. The financial services industry is one of the most heavily regulated industries when it comes to protecting the privacy of personal information. Background.

Privacy 40

Privacy Financial Services Compliance Data breaches 40

IBM Big Data Hub

JUNE 26, 2023

One of the few pre-scripted questions I ask in most of the episodes is about the guest’s definition of “hybrid cloud.” It isn’t a surprise that so many of the guests on my podcast work on topics and technologies directly related to cloud. ” The answers have all been comparable.

Cloud 57

Cloud Financial Services IT Government 57

Data Matters

APRIL 11, 2022

The CSL does not provide a definition for “important data”. Once finalized, it will be enacted by the State Council (China’s central government) as an “administrative regulation”, which is subordinate to the national laws (e.g., Then, what are “important data”? The CSL and the DSL.

Military 87

Military Artificial Intelligence Security Financial Services 87