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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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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Access controls and identity management.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Let’s take a look at these four steps.

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4 considerations for banking leaders concerned about cyber security

NCR

The overall risk management framework of any institution, including banks, should include cybersecurity considerations. An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. Cyber Incident Response Plan. Evaluation of Risk.

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KPMG: How AI Defense Can Counter Faster Payments Fraud

PYMNTS

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. The antidote?

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Why cyber risk challenges are best addressed through cyber integration

Accenture

In my first post on integrated cyber risk management, we looked at financial firms bringing together leadership and capabilities across fraud, IT, cyber security and operational risk, both to improve enterprise risk management and to build cyber resilience. Read more.

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Treasury report examines gaps in banks' AI risk management

American Banker

The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.