Data Breach Today

OCTOBER 17, 2024

Agency Details AI Cybersecurity Risks, Prevention, Mitigation Strategies Financial regulators with the state of New York on Wednesday published guidance to help organizations identify and mitigate cybersecurity threats related to artificial intelligence.

Artificial Intelligence 285

Artificial Intelligence Financial Services Cybersecurity Risk 285

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? Don’t wait.

Financial Services 90

Financial Services Cloud Metadata Digital transformation 90

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.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

Data Breach Today

APRIL 1, 2024

Prove's Mary Ann Miller on Strategies for Stronger ID Verification The banking and financial services industry will see a growth in scams and frauds perpetrated through fake businesses, incentivizing bad actors to continue creating these fraudulent entities, said Mary Ann Miller, a fraud and cybercrime executive advisor with Prove.

Financial Services 286

Financial Services 286

IBM Big Data Hub

JUNE 12, 2023

We see public cloud as an enabler of a better future for financial services, not as a destination. IBM believes that dependability, reliability and trust need to be at the heart of every cloud strategy. The future for financial services is bright. Know yourself, your stakeholders and your data.

Cloud 85

Cloud Financial Services Digital transformation Risk 85

IBM Big Data Hub

APRIL 4, 2024

IBM has created the solution for this problem with its Financial Services Cloud offering, and its ISV Financial Services validation program, which is designed to de-risk the partner ecosystem for clients. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements.

Financial Services 55

Financial Services Cloud Compliance Digital transformation 55

Thales Cloud Protection & Licensing

AUGUST 31, 2022

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.

Financial Services 62

Financial Services Cybersecurity Cloud Computer and Electronics 62

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. Confidential Business Information.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. Insurance and financial services are built on trust, so these changes will help organizations differentiate from competition.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

IBM Big Data Hub

OCTOBER 23, 2023

Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. 71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1]

Cloud 84

Cloud Risk Compliance Data breaches 84

IBM Big Data Hub

JULY 31, 2023

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe. Couldn’t execs have run better analyses to spot risks within the data? Why did they fail to launch a new mobile app?

Financial Services 50

Financial Services Digital transformation Computer and Electronics Analytics 50

Data Breach Today

APRIL 5, 2023

Josh Hankins of Qualys on Tips and Tricks He Learned as a Practitioner Before he became a chief technical security officer at Qualys, Josh Hankins was a cybersecurity leader in financial services. He learned how security audit failures are increasingly costly, and he devised new strategies for audit preparation.

Financial Services 147

Financial Services Security IT Cybersecurity 147

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Insurers should: Establish a Formal Cyber Insurance Risk Strategy. The post New York Department of Financial Services Issues First Guidance by a U.S. 1 See W.B. Dunham, New Appleman New York Insurance Law 2.05[1]

Insurance 78

Insurance Financial Services Cybersecurity Risk 78

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. Open are slim to none.

Risk 234

Risk IT Financial Services Cybersecurity 234

DLA Piper Privacy Matters

MARCH 3, 2023

Author: Sarah Birkett Cyber Security Strategy discussion paper launched This week saw the launch of a discussion paper for the Australian Government’s 2023-2030 Australian Cyber Security Strategy. One of the core policy areas that will be addressed in the Strategy is the “enhancement and harmonisation of regulatory frameworks”.

Data breaches 52

Data breaches Security Paper Financial Services 52

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

Transaction and Payment Security At the heart of the Thales fraud prevention strategy is the payShield 10K , a state-of-the-art payment Hardware Security Module (HSM): Delivers critical payment security functionality for transaction processing, sensitive data protection, and payment credential issuing.

Financial Services 71

Financial Services Encryption Digital transformation Compliance 71

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 82

Cloud Financial Services Security Compliance 82

The Last Watchdog

SEPTEMBER 21, 2022

Remote work already had an impact on IT strategy and the shift to cloud, including hybrid cloud , well before the onset of Covid 19. Organizations, such as financial services or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data.

Cybersecurity 214

Cybersecurity Digital transformation Cloud Financial Services 214

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Customer Experience 69

Customer Experience Financial Services Cloud Compliance 69

Collibra

APRIL 11, 2022

This will help you test strategies and figure out what works best in your unique environment. We’ll discuss what we think are the six best practices for a data governance strategy below. Your key performance indicators should relate directly to your organization’s objectives and strategies. Data domain example.

Government 52

Government Communications Insurance Customer Experience 52

IBM Big Data Hub

JUNE 5, 2024

For this reason, it’s paramount that financial enterprises support their resiliency needs by adopting a robust infrastructure that is integrated across multiple environments, including the cloud, on prem and at the edge. IBM Cloud also supports mission-critical workloads and addresses evolving regulations around the globe.

Financial Services 48

Financial Services Cloud Data breaches Compliance 48

The Last Watchdog

JULY 11, 2023

These partnerships strengthen a security posture by leveraging the expertise of professionals who specialize in identifying vulnerabilities and allows them to suggest remediation strategies. Active awareness of security developments allows for adaptable strategies in addressing emerging risks and effectively protecting investor data.

Encryption 189

Encryption IT Risk Financial Services 189

IBM Big Data Hub

AUGUST 1, 2023

Delivering high levels of resiliency It’s essential for clients to be able to securely manage mission-critical workloads and enable business continuity as they implement strategies to reduce risk and keep pace with market demands.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

IBM Big Data Hub

JUNE 2, 2023

In the rapidly evolving landscape of financial services, embracing AI and digital innovation at scale has become imperative for banks to stay competitive. And all this while balancing the adoption of a hybrid multicloud strategy. This shift toward data-driven economies places embedded finance at the core of financial services.

Financial Services 59

Financial Services Customer Experience Cloud Digital transformation 59

IBM Big Data Hub

SEPTEMBER 13, 2023

Building a cyber resilience strategy for critical payments infrastructure Cybercrime costs are growing exponentially, with a 10% increase in average total cost of a breach. The solution is built on IBM Cloud for Financial Services, leveraging its built-in security and compliance framework.

Cloud 73

Cloud Financial Services Compliance Marketing 73

AIIM

NOVEMBER 3, 2020

Marni is a member of the AIIM Leadership Council and an expert in ECM and Digital Transformation with a focus on Healthcare, Financial Services, and state and local government operations.

ECM 128

ECM Government Digital transformation Records Management 128

The Last Watchdog

FEBRUARY 15, 2024

The group creates strategies and protocols to help clients identify and mitigate risk, proactively protect their most sensitive information, prepare for a broad array of incidents, and respond effectively and efficiently to incidents when they do occur.

Data breaches 100

Data breaches Financial Services Big data Retail 100

IBM Big Data Hub

FEBRUARY 5, 2024

The IBM Payments Center™ (IPC) Check Services on IBM Cloud for Financial Services® provides a managed, secure platform built to scale up and down to accommodate changing check volumes.

Financial Services 85

Financial Services Cloud Risk Compliance 85

AIIM

FEBRUARY 22, 2018

Nowhere is this truer than in the financial services sector. Despite this declared importance – 62% say that “Archiving and long-term digital preservation is a key part of our enterprise information governance and management strategy” -- the reality in most financial organizations is very different.

Digital preservation 95

Digital preservation Insurance Financial Services Digital transformation 95

Thales Cloud Protection & Licensing

OCTOBER 16, 2024

Businesses, particularly those in financial services, healthcare, and retail sectors, suffer from operational disruptions and financial penalties. On a broader level, data breaches can erode trust between consumers and companies, leading to societal implications such as a loss of confidence in digital services.

Security 62

Security Encryption Data breaches Cybersecurity 62

eSecurity Planet

SEPTEMBER 21, 2024

Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. Table of Contents Toggle What are Cybersecurity Laws & Regulations? What are Federal Cybersecurity Regulations?

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

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

Security Affairs

DECEMBER 26, 2023

This strategy goes beyond just deploying the latest technologies to combat AI and mobile threats. The absence of robust identity protection programs will result in substantial economic losses for businesses (especially, financial services) and pose privacy risks for consumers.

Energy and Utilities 136

Energy and Utilities Artificial Intelligence Ransomware Data breaches 136

IBM Big Data Hub

APRIL 22, 2024

It follows security standards and guidelines, such as IBM Cloud for Financial Services® , SOC Type 2, that ensures the highest levels of security and compliance requirements. IBM Cloud provides you with well-architected patterns that are secure by default for regulated industries like financial services.

Cloud 61

Cloud Financial Services Compliance Systems administration 61