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Top financial services trends of 2024

IBM Big Data Hub

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.

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Capital Markets, AI, and the need for governance

Collibra

Last month, I attended the AWS Capital Markets Financial Data Forum in London. With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Already using AI?

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CFPB’s Proposed Data Rules

Schneier on Security

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. This would change the economics of consumer finance and the illicit data economy that exists today.

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Ireland: Large-scale inquiries progress as DPC budget and staff numbers ramp up

DLA Piper Privacy Matters

Primary areas of focus for the DPC in 2021 included the safeguarding of children’s data protection rights, progressing ongoing large-scale inquires and prioritising responding to complaints which have raised issues of substance, with a data subject centric approach to resolution. Ongoing Inquiries & Data Transfer Enforcement.

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The largest Russian bank Sberbank hit by a massive DDoS attack

Security Affairs

Sberbank , the Russian banking and financial services giant, announced that it was recently hit by a record-breaking distributed denial of service (DDoS) attack that reached 1 million RPS. The largest and oldest bank in Russia Sberbank faced the record-breaking DDoS attack that reached 1 million RPS.

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EU’s possible Data Act: What can we anticipate from the Inception Impact Assessment and the Consultation?

Data Protection Report

The Data Act will complement other European Union (EU) measures to create a solid framework for digital trust, opening up public sector data, removing digital borders, encouraging trade in data, opening up competition and facilitating better security within the EU single market. Data Act Consultation.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Introduction to Data Protection Laws. Data protection laws, regulations, and rules control the collection, use, transfer, and storage of personal and sensitive information. Personal data protection requirements may be issued by federal, state (provincial), or local governments.