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 246

Compliance Cybersecurity Risk Encryption 246

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

Data Protection Report

SEPTEMBER 28, 2021

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. The deadline for responding to the consultation is 19 November 2021.

Government 120

Government FOIA GDPR Compliance 120

IBM Big Data Hub

SEPTEMBER 20, 2023

When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services. AI’s value is not limited to advances in industry and consumer products alone.

Government 99

Government Artificial Intelligence Privacy Digital transformation 99

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 79

Insurance Financial Services Cybersecurity Risk 79

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 212

Records Management Financial Services Big data Analytics 212

Security Affairs

MARCH 14, 2022

Ongoing attacks could cause severe damages to multiple sectors, including transportation, communication, financial services, government facilities, nuclear reactors, and critical manufacturing. ” reported researchers from Cyble. We continue to help Ukrainians in their fight against Russian occupation forces.

Risk 246

Risk Financial Services Manufacturing Communications 246

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 68

Financial Services Cybersecurity Insurance Risk 68

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Cybersecurity Governance. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022.

Financial Services 55

Financial Services Cybersecurity Ransomware Risk 55

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

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 58

Retail Risk Education Financial Services 58

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

IBM Big Data Hub

JUNE 7, 2022

Governments and regulatory bodies around the world are working to establish safety standards. The proposed rules aim to govern automated valuation models to protect borrowers. The announcement highlighted the crucial role of training data, and the terrible consequences of using data that “fails to represent American society.”.

Government 52

Government Financial Services Compliance Cloud 52

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

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 Data breaches 147

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

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 121

Cybersecurity Computer and Electronics Compliance Privacy 121

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

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

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

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

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 115

Analytics Risk Authentication Financial Services 115

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 145

Risk Cybersecurity Encryption Access 145

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

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

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. For a purchaser, records of privacy incidents provide valuable information about the vendor’s privacy governance structure. Risk management and mitigation.

Privacy 137

Privacy Compliance Risk Financial Services 137

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 IT 52

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

JUNE 16, 2022

These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Capital markets, insurance, financial services, and banking are now online. Cybersecurity training and awareness. Other methods.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

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. The regulation also requires that the hospital’s cybersecurity policies address data governance and classification.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

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 58

Compliance Risk Government Retail 58

eSecurity Planet

SEPTEMBER 10, 2021

Train your staff. To prevent hackers from getting their hands on access credentials for cloud computing tools, organizations should train all workers on how to spot cybersecurity threats and how to respond to them. Perhaps most importantly, cloud security training should help employees understand the inherent risk of shadow IT.

Cloud 132

Cloud Security Encryption Risk 132

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

erwin

JUNE 21, 2019

Knowledge retention and training has become a pivotal area in which businesses will either succeed or fail. Industry and government regulations affect businesses that work in or do business with any number of industries or in specific geographies. Different organizations tend to speak different languages. Ensuring Compliance.

Healthcare 108

Healthcare Compliance Financial Services GDPR 108

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 97

Risk Data breaches Authentication Financial Services 97

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

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. However, to meet your compliance requirements, you need to conduct regular staff awareness training to help employees respond appropriately.

Compliance 119

Compliance Data breaches Privacy Risk 119