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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Top 5 Analytics Posts: Explainable AI and Machine Learning

FICO

In this post, he discusses some of the special circumstances around using AI and machine learning to assess credit risk, a highly regulated field. They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk. Enterprises: Lax cyber security?

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Sacred Data for Sale, steal it while you can!

Lex Sokolin

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. To bring us back down to Fintech and cyber security, my main point is that *privacy* and *personal data* could be sacred in one context (e.g., Look at all those hypocrites in the large financial companies!

Data 40
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Sacred Data for Sale, steal it while you can!

Lex Sokolin

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. To bring us back down to Fintech and cyber security, my main point is that *privacy* and *personal data* could be sacred in one context (e.g., Look at all those hypocrites in the large financial companies!

Data 40
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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? In the ICO investigations that followed, the regulator said that when it came to data of U.K.

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NTechLab’s FindFace Facial Recognition Technology Has Applications In Retail, Public Safety

PYMNTS

We have to regulate how to use it in the future. When FindFace was finally smart enough to go public, it launched in 2016 as a tool for young urbanites to identify one another in public and connect later on social media, rather than approach someone at random on the train. It already exists,” Ivanov said.

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Biometrics in the Future of Customer Identity Management

FICO

Generally, what is needed is a layered response where more than one factor is invoked and there is never reliance on a single security measure. Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers. Layered Approach.