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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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Sacred Data for Sale, steal it while you can!

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

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

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

Data 40
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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. Read the full post.

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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? The breach itself was one where a cyberattack lasted from Aug. 21 to Sept. litigation.”.

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

PYMNTS

People also worry that their personal biometric data could be stolen and used for nefarious purposes. We have to regulate how to use it in the future. For instance, Ivanov said, the government already has personal data about its citizens. It already exists,” Ivanov said.

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Biometrics in the Future of Customer Identity Management

FICO

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. Plus, consumers don’t like passwords as a security measure. Data Security Matters.