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”). As part of the “training and monitoring” requirements under Section 500.14

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

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.

Financial Services 66

Financial Services Cybersecurity Insurance Risk 66

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. The Framework. 1 See W.B.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

Collibra

AUGUST 14, 2023

As we speed into a new AI era, there’s a critical element that’s often missing when organizations rush forward in hyper-competitive markets to build scalable, trusted AI programs — and that’s AI governance. An AI governance framework offers a blueprint for how to create successful AI products.

Government 52

Government Risk Financial Services Compliance 52

IBM Big Data Hub

SEPTEMBER 27, 2022

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. AI governance: From principles to actions. Sometimes an organization’s need is more tied to organizational AI governance.

Government 52

Government Compliance Data science Financial Services 52

Security Affairs

MAY 24, 2023

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement. correspondent or payable-through account sanctions.”

Government 98

Government Military Financial Services Security 98

eSecurity Planet

SEPTEMBER 21, 2024

The landscape of cybersecurity laws and regulations today is set to undergo significant changes, impacting businesses, government entities, and individuals alike. Understanding and adhering to cybersecurity regulations is crucial for any organization as cyber threats evolve and become more sophisticated.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

IT Governance

APRIL 11, 2019

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). Organisations need to make staff awareness training a board-level priority. Staff awareness training is a crucial part of this.

Retail 52

Retail Risk Education Financial Services 52

Collibra

MARCH 11, 2021

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.

Government 59

Government Communications Insurance Customer Experience 59

Collibra

APRIL 11, 2022

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. What are data governance best practices?

Government 52

Government Communications Insurance Customer Experience 52

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

The Last Watchdog

MAY 1, 2019

Related: Why diversity in training is a good thing. He came up with a new approach to testing and training the bank’s employees – and the basis for a new company, LucySecurity. People tend to be very resistant to training,” Bastable told me. How much better? But as soon as you stop, the number quickly goes back up.”

Phishing 166

Phishing Financial Services Manufacturing Education 166

Reltio

SEPTEMBER 24, 2019

Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. ” However, I got into data governance totally by accident.

Government 55

Government Digital transformation Big data IT 55

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

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.

Cybersecurity 111

Cybersecurity Financial Services Compliance Encryption 111

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Financial reporting compliance. Privacy governance and management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

IBM Big Data Hub

SEPTEMBER 18, 2023

Supplier visibility and traceability is growing in importance to help achieve environmental, social and governance (ESG) targets. Clients leveraging IBM Cloud for Financial Services through IBM’s Connected Trade Platform can take advantage of technical expertise to enable cloud deployment as they address their compliance requirements.

Financial Services 82

Financial Services Cloud Compliance Artificial Intelligence 82

Thales Cloud Protection & Licensing

OCTOBER 28, 2024

It aims to ensure that financial institutions, ranging from banks to payment processors, can manage and mitigate risks associated with information and communication technology. Key areas covered by DORA include incident reporting, regular ICT risk assessments, third-party risk management, and maintaining robust governance frameworks.

Privacy 62

Privacy Encryption Compliance Risk 62

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. See the Best Cybersecurity Awareness Training for Employees.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

IT Governance

OCTOBER 13, 2023

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

eSecurity Planet

SEPTEMBER 16, 2022

Finally, it also is useful for companies looking for a governance, risk, compliance ( GRC ) solution. In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% of attacks IBM handled, respectively. million in losses.

Analytics 113

Analytics Risk Authentication Financial Services 113

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 89

Risk Data breaches Authentication Financial Services 89

IBM Big Data Hub

JUNE 26, 2023

Possibilities are growing that include assisting in writing articles, essays or emails; accessing summarized research; generating and brainstorming ideas; dynamic search with personalized recommendations for retail and travel; and explaining complicated topics for education and training. What is watsonx.governance?

Retail 63

Retail Compliance Risk Education 63

Security Affairs

JUNE 20, 2023

Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. Understanding Data Sovereignty Data sovereignty has emerged as a critical concern for businesses worldwide in today’s interconnected digital landscape.

Compliance 98

Compliance Cybersecurity Risk Encryption 98

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

This development model enables enterprises to conduct model training and processing directly at the edge or on-premises. By moving computation and model training to the edge, organizations can train their models locally without uploading datasets to hyperscalers or relying on foundational models.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

IBM Big Data Hub

FEBRUARY 8, 2023

This necessitates the detection of bias during data acquisition, building, training, deploying and monitoring models. Protect and scale against government regulations AI regulations are growing and changing at a rapid pace and noncompliance can lead to costly audits, fines and negative press. So what is AI governance?

Artificial Intelligence 52

Artificial Intelligence Compliance Government Analytics 52

AIIM

MARCH 3, 2020

Too often I hear one of two, equally bad answers: Keep Records for Seven years: This seems to be the de facto answer, especially for financial services records. Internal Revenue Service rules around when they can audit individual and corporate tax returns. As near as I can tell, this comes from the U.S. And they will!

Records Management 167

Records Management Financial Services Big data Analytics 167

Security Affairs

JUNE 20, 2020

Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals. The tech giant removed over 100 Chrome browser extensions from the official Web Store.

Healthcare 144

Healthcare Financial Services Security Communications 144

Collibra

JULY 9, 2024

The initial staff retraining and the cost of migration are real barriers to an updated, cloud-based data governance system. Prior to adopting Collibra , the Baptist Health data governance team encountered frequent frustrations with the organization’s legacy on-premises storage systems.

Cloud 52

Cloud Analytics Government Artificial Intelligence 52

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

Data Matters

JUNE 24, 2021

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. Companies should consider implementing training processes to ensure that information security personnel understand cybersecurity disclosure requirements, especially as stated in the Guidance.

Cybersecurity 66

Cybersecurity Financial Services Risk Compliance 66

Data Protection Report

DECEMBER 23, 2019

Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. A policy or standard needs to be set, which is then explained by training and is measured. How do you build an effective information governance program?

Privacy 144

Privacy Compliance Personal data Risk 144

IBM Big Data Hub

OCTOBER 20, 2023

AI platforms assist with a multitude of tasks ranging from enforcing data governance to better workload distribution to the accelerated construction of machine learning models. You can connect to the existing database, upload a data file, anonymize columns and generate as much data as needed to address data gaps or train classical AI models.

Data science 71

Data science Manufacturing Artificial Intelligence Retail 71

eSecurity Planet

FEBRUARY 11, 2022

Rather than doors, locks and vaults, IT departments rely on a combination of strategies, technologies, and user awareness training to protect an enterprise against cybersecurity attacks that can compromise systems, steal data and other valuable company information, and damage an enterprise’s reputation. What is Cybersecurity Risk Management?

Risk 144

Risk Cybersecurity Encryption Access 144

IBM Big Data Hub

MAY 14, 2024

The finance workforce should be value creators and experience designers, enhancing their analytical and technical skills to be able to train and prompt their assistants—fine-tuning, adjusting and improving the digital service.

Unstructured data 67

Unstructured data Government Cloud Analytics 67

Data Protection Report

NOVEMBER 16, 2022

BIPA exempts certain types of entities, namely, organizations that are governed by certain federal laws including the X-Ray Retention Act, the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and the Gramm-Leach-Bliley Act (“GLBA”). Who is covered by BIPA? 740 ILCS 14/25(b)-(c). DePaul University , Case No.

Financial Services 98

Financial Services Privacy Compliance Insurance 98