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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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Today’s Cyber Risk Management

Cisco

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

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Disruptive technology will not kill banks

Jeff For Banks

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? Was ING Direct a disruptor?

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services. Credit Decisions.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. ” The U.S.

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Fidelity customers get few answers on cyberattack

American Banker

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

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Bankers to Regulators: Get Your Cybersecurity Act Together

American Banker

Cybersecurity enforcement efforts need to be better coordinated across government agencies, financial industry groups said in a letter Friday to the National Institute of Standards and Technology.