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Predictions for the financial services industry in 2024

OpenText Information Management

We’ve experienced economic, geopolitical, technological, and societal challenges over recent months with the ongoing cost-of-living crisis, high interest rates, inflation, global conflicts, catastrophic weather events, the rise in artificial intelligence such as ChatGPT, to name only a few.

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Data Protection in Financial Services Week 2022

Data Matters

Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector.

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News alert: INE Security’s cybersecurity training service earns 2024 SC Excellence Award

The Last Watchdog

This designation underscores INE Security’s commitment to excellence and leadership in the cybersecurity industry. This year’s awards were presented across 33 categories, celebrating both established industry leaders and emerging innovators. Their contributions help drive progress in securing our digital environments.”

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

The Last Watchdog

Every industry is dealing with a myriad of cyber threats in 2024. Regulatory overload Firms in the financial services industry are staring down the bottom of the regulatory barrel coming into 2024. It’s a tale as old as the first computer.

Risk 234
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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. regulator concerning the increasingly critical issue of cyberinsurance.

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more.

Cloud 72
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LockBit on a Roll – ICBC Ransomware Attack Strikes at the Heart of the Global Financial Order

Security Affairs

The LockBit ransomware attack on the Industrial & Commercial Bank of China demonstrates the weakness of global financial system to cyberattacks. Treasury trading operations at an American subsidiary of Industrial & Commercial Bank of China Ltd. This ominous cyber-event sent shockwaves through the $26 trillion U.S.