CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.

Financial Services 89

Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

Security Affairs

MARCH 19, 2020

For example, in February 2019 Trend Micro detected a variant that includes a new module used for Remote App Credential-Grabbing. ” The module appears to be under development, but experts pointed out that threat actors already used it to target organizations, mostly in telecoms, education, and financial services sectors.

Financial Services 357

Financial Services Education Communications IT 357

Krebs on Security

FEBRUARY 17, 2021

For example, the DOJ indictments say these apps were involved in stealing $11.8 million in August 2020 from a financial services company based in New York. million from two different cryptocurrency exchanges used by the hackers, money that investigators say will be returned to the New York financial services firm.

Financial Services 329

Financial Services Phishing Blockchain Government 329

Security Affairs

APRIL 30, 2020

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. Group-IB set up a website , where everyone can check if their email was compromised by PerSwaysion.

Phishing 340

Phishing Cloud Financial Services Authentication 340

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 60

Financial Services Communications Compliance Risk 60

Data Matters

SEPTEMBER 20, 2018

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

Financial Services 67

Financial Services Paper Marketing Privacy 67

IBM Big Data Hub

APRIL 18, 2024

Regardless, these are examples of narrow AI. AGI examples However, once theoretical AGI achieves the above to become actual AGI, its potential applications are vast. Here are some examples of how AGI technology might revolutionize various industries: Customer service Imagine an AGI-powered customer service system.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

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? This often happens to consumers when, for example, reviewing details about a new car lease or opening a new investment account.

Financial Services 59

Financial Services Customer Experience Retail Cloud 59

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

Krebs on Security

APRIL 28, 2020

Data from recent financial transactions can not only help fraudsters better impersonate your bank, it can also be useful in linking a customer’s account to another account the fraudsters control. “Particularly worrisome is the activity taking place in the financial services sector, where call traffic topped previous highs by 800%.”

Financial Services 363

Financial Services Sales Authentication Risk 363

OpenText Information Management

JULY 12, 2023

The paper problem Financial services workflows have always been heavily paper-based. For example, in … The post Three use cases for cloud fax in financial services appeared first on OpenText Blogs.

Financial Services 52

Financial Services Cloud Customer Experience Paper 52

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. Reply YES to send, NO to cancel. ABC Credit Union. STOP to end all messages.”

IT 362

IT Passwords Authentication Phishing 362

Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 358

Financial Services Government Authentication IT 358

Krebs on Security

AUGUST 13, 2021

“To date, this type of analysis has been used primarily by regulated financial service providers.” . “It is also significant because it makes blockchain analytics available to the public for the first time,” Robinson wrote. ” That may not be entirely true.

Blockchain 337

Blockchain Marketing Analytics Ransomware 337

IBM Big Data Hub

JANUARY 25, 2024

As such, more organizations are increasing their dedication to CX strategy and looking towards successful customer experience examples for inspiration. Thankfully, customer-centric organizations have many tools, examples, and use cases at their disposal to meet the growing needs of today’s customers.

Customer Experience 66

Customer Experience Retail Sales Artificial Intelligence 66

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

For example, the US Department of the Treasury reports that their enhanced fraud detection processes prevented and recovered over $4 billion in fraud and improper payments in fiscal year 2024, up from $652.7 Finally, in the EU, the European Anti-Fraud Office (OLAF) reported that over €1.2 billion was affected by fraud and irregularities.

Financial Services 71

Financial Services Encryption Digital transformation Compliance 71

Thales Cloud Protection & Licensing

JANUARY 16, 2025

However, as important as PCI may be, United States financial services organizations operate in one of the worlds most stringent and complex compliance landscapes. Understanding the US FinServ Compliance Landscape The US financial services industry is subject to a vast number of laws and regulations.

Compliance 62

Compliance Financial Services Encryption Insurance 62

Security Affairs

APRIL 6, 2023

Financial services are the main target for cybercriminals, so the threat for the organizations and their customers is severe. The leak also affected Bloom Money and Admiral Money – two financial companies based in the UK, and Reed, which is the UK’s top recruitment agency. env) belonging to idkit.com, owned by OCR Labs.

IT 246

IT Financial Services Access Risk 246

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

Krebs on Security

SEPTEMBER 29, 2021

. “Over the past few months, we’ve seen actors provide access to services that call victims, appear as a legitimate call from a specific bank and deceive victims into typing an OTP or other verification code into a mobile phone in order to capture and deliver the codes to the operator.

Passwords 343

Passwords Authentication Phishing Access 343

Security Affairs

JULY 30, 2019

Experts spotted a Java ATM malware that was relying on the XFS (EXtension for Financial Service) API to “ jackpot ” the infected machine. In that case, the malware was relying on the XFS (EXtension for Financial Service) API to “ jackpot ” the infected machine. Introduction. Evaluation of HTTP request.

Financial Services 278

Financial Services Communications Access IT 278

Data Protection Report

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

The Last Watchdog

DECEMBER 6, 2022

Machine learning can be applied to facial recognition data, for example, to provide an invisible security layer, with no actions required from the user. One touchless delivery model is through face recognition, and a good example is the core functionality built into GuacamoleID, supplied by Hummingbird.AI.

Authentication 203

Authentication Passwords Artificial Intelligence Financial Services 203

Security Affairs

MARCH 18, 2019

Using Slack EKM, IT admins can revoke access to data within a particular Slack channel, for example, rather than disrupting all users on the entire platform. Using Slack EKM, IT admins can revoke access to data within a particular Slack channel, for example, rather than disrupting all users on the entire platform.

Encryption 260

Encryption Risk Financial Services Privacy 260

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance.

Insurance 67

Insurance Financial Services Compliance Retail 67

The Last Watchdog

DECEMBER 21, 2021

Some 11,800 computer software companies, 10,000 IT services vendors, 5,500 health care organizations and 3,200 financial services firms continue to maintain on-premises Exchange email servers, according to this report from Enlyft. For example, Stellar Repair for Exchange tool can repair corrupt or damaged Exchange EDB files.

Cloud 222

Cloud Financial Services Communications Ransomware 222

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

Cybersecurity 156

Cybersecurity Financial Services Authentication Government 156

Krebs on Security

NOVEMBER 16, 2022

For example, one domain the gang has used since March 2022 is ushank[.]com financial services firm Ameriprise uses the domain ameriprise.com; the Disneyland Team’s domain for Ameriprise customers is [link] [brackets added to defang the domain], which displays in the browser URL bar as ? Bank customers.

Phishing 329

Phishing Authentication Financial Services Access 329

Security Affairs

APRIL 20, 2023

If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals. million files belonging to ICICI Bank.

Personal data 246

Personal data Phishing Risk Communications 246

AIIM

MAY 19, 2020

For example, the U.S. financial services sector is different in practice than RM for a law firm, or a Canadian municipal government, or a multinational energy firm. I’ve had the pleasure of getting somewhat acquainted with the Georgia Records Association, for example, and I know of a couple of others in the U.S.

Records Management 222

Records Management Privacy Government Information governance 222

Krebs on Security

SEPTEMBER 27, 2019

Magnify Money explains more: “Say, for example, that you write yourself a check for $500 from checking account A, and deposit that check into checking account B — but the balance in checking account A is only $75. Then, you promptly withdraw the $500 from checking account B. .” 1, 2019 to Aug.

Financial Services 276

Financial Services Insurance Cloud IT 276

The Last Watchdog

SEPTEMBER 21, 2018

Poor configuration of cloud services can translate into gaping vulnerabilities—and low hanging fruit for hackers, the recent Tesla hack being a prime example. Though DevOps-centric organizations can gain altitude quickly, they also tend to generate fresh security vulnerabilities at a rapid clip, as well.

Cloud 203

Cloud Security Mining Financial Services 203

DXC Technology

NOVEMBER 8, 2019

For example, most EMEA and North American financial services businesses are moving to multi-clouds within the next two years. Many companies are moving to multi-cloud deployments. Gartner reports 81 percent of surveyed public cloud users are already working with multi-clouds. I disagree.

Cloud 86

Cloud Financial Services IT 86

IBM Big Data Hub

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

Cloud 73

Cloud Financial Services Compliance Risk 73

Krebs on Security

OCTOBER 7, 2022

who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. Elizabeth Warren (D-Mass.), Bank , and Wells Fargo.

Passwords 286

Passwords Financial Services IT Phishing 286

Data Matters

SEPTEMBER 6, 2022

The OAG issued its first CCPA enforcement fine, updated CCPA enforcement examples on the OAG’s CCPA webpage, and made related statements to the press regarding what we can expect in the future from the OAG with respect to CCPA enforcement. New CCPA Enforcement Case Examples – Opt Outs, GPC, Clarity & Functionality Are Top of Mind.

Privacy 196

Privacy B2B Sales Compliance 196

IBM Big Data Hub

APRIL 29, 2024

Fintechs, for example, have been transformational for the financial services industry, from democratizing finance to establishing digital currencies that revolutionized the way that we think of money. “It’s critical financial institutions consider how they can best mitigate risk.

Digital transformation 70

Digital transformation Financial Services Cloud Compliance 70