Selecting an Intelligent Document Processing Solution
AIIM
NOVEMBER 14, 2024
Intelligent document processing (IDP) solutions are emerging that combine AI with IDP to revolutionize client and document onboarding and processing.
Toyota Financial Services discloses a data breach
Security Affairs
DECEMBER 11, 2023
Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.
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Medusa ransomware gang claims the hack of Toyota Financial Services
Security Affairs
NOVEMBER 17, 2023
Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. Toyota Financial Services confirmed the discovery of unauthorized activity on systems in a limited number of its locations. The company has yet to disclose a data breach.
The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why
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. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.
6 benefits of data lineage for financial services
IBM Big Data Hub
FEBRUARY 26, 2024
The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? Don’t wait.
Three use cases for cloud fax in financial services
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.
Three use cases for cloud fax in financial services
OpenText Information Management
JULY 12, 2023
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.
Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program
IBM Big Data Hub
APRIL 4, 2024
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.
Customer first: New U.K. consumer duty for the financial services industry
OpenText Information Management
FEBRUARY 6, 2023
Have you ever been presented with stack of financial documents plastered with sticky notes and felt confused about where to sign and overwhelmed by the wording? consumer duty for the financial services industry appeared first on OpenText Blogs.
NY Investigates Exposure of 885 Million Mortgage Documents
Krebs on Security
MAY 31, 2019
On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records.
HyperApp and Intelligent Document Processing Solution Drives Digital Transformation for the Financial Services and Mortgage Industries
Info Source
JANUARY 28, 2021
will focus on cloud, low-code technology solution to accelerate loan and mortgage document processing. a leader in intelligent document processing automation and data enrichment solutions, and JIFFY.ai , a fast-growing leader in enterprise-grade automation technology, have announced a formalized, strategic partnership. . –
NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies
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. These revisions represent the most significant modifications since the enactment of the rules in March 2017.
Phishing Campaigns Target Senior Executives via Office 365
Data Breach Today
MAY 1, 2020
Top Victims Include Financial Services and Law Firms, Group-IB Warns A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB.
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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation
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.
Fidelity Investments suffered a second data breach this year
Security Affairs
OCTOBER 14, 2024
US-based financial services company Fidelity Investments warns 77,000 individuals of a data breach that exposed their personal information. based financial services company Fidelity Investments is notifying 77,099 individuals that their personal information was compromised in an August cyberattack.
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State of the Global Intelligent Document Processing Market 2023/2024
Info Source
SEPTEMBER 26, 2024
CAPTURE & IDP MARKET FRAMEWORK Infosource defines the IDP market as software and services that are used to ingest and process business inputs which involve unstructured documents and other input types. Inputs can include not only documents and other text-based sources, but also voice, photos, videos, and IoT channels.
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Corporate Finance firms leak 500K+ legal and financial documents online
Security Affairs
MARCH 17, 2020
Security experts from vpnMentor have discovered two corporate finance companies that leak half a million legal and financial documents online. vpnMentor experts uncovered a database exposed online on Amazon Web Services (AWS) that is leaking a huge amount of sensitive legal and financial documents.
Choosing to Store, Scan, or Shred Your Documents: A Comprehensive Guide
Armstrong Archives
DECEMBER 18, 2023
This reality has made data security increasingly important, requiring a sea change in the way companies handle their documents. We have decades of experience in the safe storage, scanning, and shredding of our clients’ important documents. What paperwork do I need to keep: How do you know which documents to keep or shred?
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First American Title Insurance Co. Faces Charges in NY
Data Breach Today
JULY 23, 2020
Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.
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Driving business excellence: How a leading financial firm achieved seamless ERP integration for superior data governance
Collibra
AUGUST 29, 2024
As financial services organizations continue to advance their data governance programs, they begin to reap substantial rewards in compliance, risk management and business insights. For financial services firms, this data is essential not only for daily operations but also for strategic decision-making.
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Toyota disclosed a data breach after ZeroSevenGroup leaked stolen data on a cybercrime forum
Security Affairs
AUGUST 20, 2024
In December 2023, Toyota Financial Services (TFS) warned customers it had suffered a data breach that exposed sensitive personal and financial data. Toyota Financial Services (TFS) is the finance arm of the Toyota Motor Corporation.
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No more chasing paper trails – capture all your financial fax with digital precision
OpenText Information Management
JULY 9, 2024
The financial services sector, long rooted in traditional methods and complex operations, is experiencing a dramatic transformation. Forget the outdated image of clunky fax machines—today’s digital fax and capture offer a sleek, efficient, and secure way to manage information in the modern financial world.
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Capturing Paper Documents - Best Practices and Common Questions
AIIM
OCTOBER 22, 2019
Also known as “capture,” this capability is characterized by the ability to scan paper documents to store and use them in digital form instead of paper. First developed over 30 years ago, capture systems have evolved from simple solutions for basic scanning into sophisticated and expensive systems for enterprise-wide document automation.
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ICICI Bank exposed credit card data of 17000 customers
Security Affairs
APRIL 28, 2024
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai. It offers a wide range of banking and financial services for corporate and retail customers. The bank has a network of 6000 branches, and 17000 ATMs across India and has a presence in 17 countries.
NEW TECH: Votiro takes ‘white-listing’ approach to defusing weaponized documents
The Last Watchdog
MARCH 13, 2019
Melissa was hidden in a weaponized Word document that arrived as an email attachment. This gives you an idea of the steady flow of weaponized email attacks against companies of all sizes and in all sectors, with certain verticals, namely financial services, healthcare companies and tech firms bearing the brunt.
GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks
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. The list goes on.
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NY Charges First American Financial for Massive Data Leak
Krebs on Security
JULY 23, 2020
The documents were available without authentication to anyone with a Web browser. According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. .
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Transforming data management and decision-making
OpenText Information Management
NOVEMBER 19, 2024
Unstructured data (emails, documents, contracts, and more) often hold sensitive information, but identifying and preventing the sharing of this data can be a challenge. Consider a financial services provider handling a high volume of sensitive client information.
Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs
Hunton Privacy
AUGUST 15, 2022
On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”).
KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation
Info Source
FEBRUARY 2, 2021
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. .
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First American Financial Pays Farcical $500K Fine
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.
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Pacific City Bank hit by AVOS Locker Ransomware
Security Affairs
SEPTEMBER 5, 2021
The bank was hit by AVOS Locker Ransomware operators who claim to have stolen sensitive documents from the financial institution. “Pacific City Bank provides outstanding banking and financial services for businesses and consumers. . Attached are some of the documents that were exfiltrated.”
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New York State imposes a $1.5 million penalty in cybersecurity breach case
Data Protection Report
MARCH 1, 2021
On March 3, 2021, the New York Department of Financial Services (NYDFS) announced a Consent Order with a NYDFS-licensed Maine-based mortgage banker and loan servicer settling alleged violations of the NYDFS cybersecurity regulations. ( In the matter of Residential Mortgage Services, Inc., March 3, 2021).
Ripcord announces standalone IDP software
Info Source
MAY 30, 2024
Ralph Gammon, Senior Analyst at Infosource May 2024 Ripcord first came onto our radar in 2017, most notably for innovative high-volume scanners, but it also had some early artificial intelligence (AI) powered technology for providing cloud-based Capture, Intelligent Document Processing (IDP) and Content Services to its outsourcing customers.
Epson Provides Support for Financial Institutions with Reliable Document Scanners to Streamline Workflow
Info Source
JUNE 23, 2020
DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.
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Epson Provides Support for Financial Institutions with Reliable Document Scanners to Streamline Workflow
Info Source
JUNE 23, 2020
DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.
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$8 million penalty to NYDFS – and another case of over-retention
Data Protection Report
JANUARY 18, 2024
On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.
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[Podcast] Titans of Technology Innovation
AIIM
AUGUST 11, 2020
You'll hear about Crawford Technologies and how they helped a financial services company design, implement, and issue documents in accessible PDF format to their blind, partially sighted, and cognitively disabled customers. Also on the episode, Kevin explores an AIIM Member Case Study.
An Interview With the Target & Home Depot Hacker
Krebs on Security
NOVEMBER 14, 2024
Hydra trafficked in illegal drugs and financial services, including cryptocurrency tumbling for money laundering, exchange services between cryptocurrency and Russian rubles, and the sale of falsified documents and hacking services.
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Ephesoft and Fortude Announce Global Alliance Partnership to Expand Intelligent Document Processing Solutions
Info Source
OCTOBER 7, 2020
This strategic alignment will help customers increase productivity, efficiency and accuracy by unlocking enterprise data in documents with digital transformation initiatives. Offering businesses the ability to easily unlock their data with an intelligent document processing solution will help further our goals.”. About Ephesoft.
Akira ransomware gang claims the theft of sensitive data from Nissan Australia
Security Affairs
DECEMBER 22, 2023
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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Latitude Data breach is worse than initially estimated. 14 million individuals impacted
Security Affairs
MARCH 28, 2023
Australian loan giant Latitude Financial Services (Latitude) revealed that a data breach its has suffered impacted 14 million customers. The data breach suffered by Latitude Financial Services (Latitude) is much more serious than initially estimated. ” said Latitude Financial CEO Ahmed Fahour.
GUEST ESSAY: Few consumers read privacy policies — tools can now do this for them
The Last Watchdog
MARCH 14, 2022
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.
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Nationwide Building Society gives member communications the personal touch
OpenText Information Management
JUNE 11, 2024
Nationwide isn’t like most other financial services organisations. Our mission is to provide outstanding services that make life better for our members—and our product offering includes personal banking, credit cards, mortgages, and more. It’s a fast-evolving space, which means it’s an exciting and engaging area to work in.
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