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GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks

The Last Watchdog

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. The list goes on.

Risk 234
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GUEST ESSAY: Few consumers read privacy policies — tools can now do this for them

The Last Watchdog

Financial services, health, home security, governance and all other mission critical services are now provided online. Each time we subscribe for an online service or install a mobile application, we are introduced with a document which explains in detail how our private data will be handled. Few folks bother.

Privacy 223
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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

The traditional approach for banks and ISV application onboarding involves a review process, which consists of several key items like the following: A third-party architecture review, where the ISV needs to have an architecture document describing how they are deploying into the cloud and how it is secure.

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Akira ransomware gang claims the theft of sensitive data from Nissan Australia

Security Affairs

The company refused to pay the ransom and the ransomware gang threatened to leak the alleged stolen documents, including project data, clients’ and partners’ info, and NDAs. The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident.

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GUEST ESSAY: 7 tips for protecting investor data when it comes to alternative asset trading

The Last Watchdog

This includes scanning all materials, such as investor onboarding documents and communication. It’s important to educate staff on the significance of data protection, potential security threats and proper handling of sensitive information. Implement strong data encryption. Conduct employee training and awareness programs.

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KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Info Source

LOUIS, MO., — February 2, 2021 — KnowledgeLake today announced growth figures for 2020 that highlight the rapid adoption of its cloud-native platform for intelligent document processing that gives organizations control of the entire document lifecycle and the ability to capture, process, and manage almost any document. .

Cloud 59
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Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

” West said pig butchering victims are often quite sophisticated and educated people. “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.”

Marketing 339