Hunton Privacy

JULY 12, 2021

On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.

Ransomware 102

Ransomware Security Financial Services Cybersecurity 102

Data Protector

JANUARY 29, 2017

And also, what standard of evidence is necessary to be generated, just in case privacy regulators exercise their Article 30(4) right to request it. Does it really mean that in 481 days, European privacy regulators will be heralding the first megafine for non-compliance with one of the GDPR’s more obscure requirements? I think not.

GDPR 136

GDPR Privacy Compliance Personal data 136

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

Bill Schmarzo - Dell EMC

MARCH 5, 2018

For example, PNC Financial Services Group’s annual report mentions the business initiative to “grow profitability through the acquisition and retention of customers and deepening relationships.” We will use this “increase customer retention/reduce customer attrition” business initiative for the rest of this exercise.

Artificial Intelligence 111

Artificial Intelligence Analytics Big data Mining 111

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. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Collibra

MAY 16, 2022

However, we caution that while a robust data quality platform should correct flaws, platform leaders should exercise caution in requesting single products/projects to combine both observability and correction. For financial services, data governance found its roots in risk.

Government 105

Government Risk Financial Services Access 105

Data Protection Report

NOVEMBER 14, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) officially proposed changes to its cybersecurity regulation and opened a 60-day public comment period. NYDFS had issued a “pre-proposed” version of the changes in July of this year, which we had summarized here.

Cybersecurity 116

Cybersecurity Passwords Risk Compliance 116

OpenText Information Management

JANUARY 24, 2025

Developing and testing incident response plans: Regularly testing your incident response capabilities through simulations and exercises ensures you are prepared for real-world events. A coordinated monitoring response across both the IT operations and cybersecurity front will be critical to DORA compliance.

IT 52

IT Compliance Risk Cloud 52

DLA Piper Privacy Matters

JULY 22, 2021

Every financial services organisation will have been subject to a DSAR in order to obtain information as a pre-cursor to a claim against them for mis-selling a service or breaching an agreement in some way. This allows for restrictions on the right of access: “ where the restrictions are necessary and proportionate ….

Access 119

Access Personal data GDPR Financial Services 119

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. Therefore, covered hospitals may need to revise their risk analysis and management process to comply with the new regulation.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

erwin

JULY 11, 2019

For instance, millennials are adept at using digital channels, and they are the fastest-growing customer base for financial services companies. With it, any transformation initiative becomes a simple, streamlined exercise to support distributed information capture and management, object-oriented modeling, simulation and collaboration.

Digital transformation 106

Digital transformation Information capture Compliance Financial Services 106

Data Matters

SEPTEMBER 6, 2022

Targets of OAG investigations included several entities in the healthcare space (HIPAA exemption), a financial services firm (GLBA exemption) and a medical device manufacturer (B2B exemption). The examples provided show the OAG has been investigating businesses whose data we would expect to be largely exempt from CCPA.

Privacy 197

Privacy B2B Sales Compliance 197

Data Protection Report

JANUARY 30, 2023

the country in which Processing occurs e. the identity of Affiliates, Processors, or Third-Parties Personal Data is shared with f. methods by which Consumers can exercise their Data Rights request; or g. Processing purposes.

Privacy 115

Privacy Cybersecurity Personal data Insurance 115

IBM Big Data Hub

APRIL 20, 2023

With the success of initial automation deployment, the focus has shifted to optimization of adjacent business-critical processes, e.g. service order management, reverse value chain, and more, for cycle time reduction and quality improvement.

Mining 66

Mining Financial Services Digital transformation Retail 66

Hunton Privacy

AUGUST 8, 2012

Earlier this year, the Consumer Financial Protection Bureau (“CFPB”) published a Bulletin signaling its intent to regulate and exercise enforcement authority over service providers to financial institutions.

Financial Services 40

Financial Services Compliance Privacy IT 40

HL Chronicle of Data Protection

APRIL 1, 2019

How will the financial incentives and anti-discrimination provisions actually work when consumers exercise their rights? How do the CCPA’s exceptions for certain regulated companies, such as financial services, work? How far does a business have to go to implement a consumer’s opt-out of sales to third parties?

Sales 40

Sales Financial Services Privacy Compliance 40

HL Chronicle of Data Protection

MARCH 16, 2020

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. The incident response plan should be tested in tabletop exercises involving the individuals and teams who would be involved in a real-world incident.

Cybersecurity 45

Cybersecurity Financial Services Risk Insurance 45

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., Be one step ahead.

Privacy 85

Privacy GDPR Data breaches Risk 85

DLA Piper Privacy Matters

MARCH 4, 2021

In reviewing the answers to these and further queries, the DPC noted that organisations must be able to demonstrate effective and real exercise of management activities in Ireland that determine the main decisions as to the purposes and means of processing through stable arrangements. Financial Services Sector Focus.

GDPR 105

GDPR Compliance Data breaches Marketing 105

Thales Cloud Protection & Licensing

SEPTEMBER 15, 2021

It’s not hard to understand why companies are exercising diligence when selecting a data protection solution. A number of their industry partners, including IBM, Oracle, financial service providers, and others, use Hyperledger Fabric. The needs are loud and clear: make it automated, and straightforward.

Blockchain 71

Blockchain Security Authentication Compliance 71

Data Protection Report

DECEMBER 17, 2020

The Data Strategy proposed the establishment of nine common European data spaces for data sharing and pooling, including health, mobility, manufacturing, financial services, energy, and agriculture. The EC’s Data Strategy sets out a vision of common European data spaces, a Single Market for data.

Government 102

Government Personal data Marketing Agriculture 102

Data Protection Report

SEPTEMBER 28, 2021

Depending on the activity in question, organisations would have to consider how disapplying the balancing test would work in light of a request to exercise those rights which require reconsidering the legitimate interest. Organisations will need to factor this in as part of their compliance program.

Government 120

Government FOIA GDPR Compliance 120

Data Matters

JUNE 24, 2022

The definition generally includes three elements for determining whether a person is an investment adviser: (i) The person provides advice, or issues analyses or reports, concerning securities; (ii) the person is in the business of providing such services; and (iii) the person provides such services for compensation. 2, 1987).

Marketing 88

Marketing Financial Services Security Analytics 88

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. A data subject request is an action by an individual to exercise that right, and the organization has an obligation to respond to that request 10 11.

Personal data 103

Personal data GDPR Privacy Records Management 103

Hunton Privacy

FEBRUARY 12, 2013

Where applicable, the Full Notice should contain information about the use of public do-not-contact registries, such as (1) the Public Register of Consumers established pursuant to the Federal Consumer Protection Law and (2) the Public Register of Users established pursuant to the Law for the Protection and Defense of Users of Financial Services.

Privacy 40

Privacy Personal data Data collection Financial Services 40

Data Matters

FEBRUARY 12, 2019

And several speakers from the financial services industry asked that the Attorney General clarify that banks and other financial institutions’ incidental receipt of personal information during the course of a transaction is exempted from the Act’s coverage. Safe Harbors and Concrete Guidance.

Sales 74

Sales Privacy Data Privacy Compliance 74

Bill Schmarzo - Dell EMC

MARCH 5, 2018

For example, PNC Financial Services Group’s annual report mentions the business initiative to “grow profitability through the acquisition and retention of customers and deepening relationships.” We will use this “increase customer retention/reduce customer attrition” business initiative for the rest of this exercise.

Artificial Intelligence 40

Artificial Intelligence Analytics Mining Big data 40

CGI

OCTOBER 25, 2015

All of this leads one to ask: In the midst of these heightened risks, increasing regulations and digital innovation, whose role is it to make sure that financial and personal data is kept safe? The answer is easy—all key players in the finance sector, including consumers, financial services providers and systems integrators.

IT 40

IT Security Digital transformation Compliance 40

Data Protection Report

AUGUST 18, 2021

In addition, some companies have received an official notice that it is a CII, but we expect more to come so companies operating in sensitive or highly regulated sectors like energy, financial services, and telecoms should be aware that the issuance of a notice still remains a possibility.

Financial Services 52

Financial Services Data collection Security Communications 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

IBM Big Data Hub

APRIL 18, 2024

It might create interactive simulations, personalized exercises and even gamified learning experiences to keep students engaged and motivated. The student practices with personalized exercises that cater to their specific knowledge gaps and the AGI provides feedback and encouragement throughout the process. Mastering a topic?

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

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., Be one step ahead.

Privacy 52

Privacy GDPR Data breaches Risk 52

Reltio

MARCH 19, 2019

“If you are not tying what you are doing, in any kind of data initiative, to a business vision and some tangible outcomes that a business is trying to achieve, then MDM can become just a complex academic exercise.”. Prioritise people, process and governance.

MDM 75

MDM Retail IT Government 75

Data Protection Report

AUGUST 11, 2022

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500.

Cybersecurity 59

Cybersecurity Risk Passwords Compliance 59

IBM Big Data Hub

JULY 11, 2023

Vertical data platforms owned and operated by telcos and targeting a specific industry such as automotive, agriculture or financial services already exist today. The EoT needs to be built on open innovation platforms grounded in interoperable infrastructure, common standards and a connective fabric of data and services.

IoT 51

IoT Agriculture Artificial Intelligence Blockchain 51

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

HL Chronicle of Data Protection

MAY 13, 2019

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40