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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. Systems and network security.

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BIS To Open Four New Innovation Hubs Over Next Two Years

PYMNTS

The hub, which looks to analyze trends in financial tech relevant to central banks, plans to open up locations in Toronto, London, Frankfurt & Paris and Stockholm with the respective central banks in each place, along with a “strategic partnership” in New York with the Federal Reserve.

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GRC best practices in a world under constant cyber threat

Insights on Business

Cyber security is no longer just a problem for the IT department, it is a business risk that affects your entire organization. . Guests will learn from featured speakers such as Judith Pinto , Managing Director, Promontory and Patrick Batson , Senior GRC Advocate, IBM as well as panelists from Bloomberg and DTCC.

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Girding For Iran’s Cyberattacks On The US — Where Past May Be Prologue

PYMNTS

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability! ” According to news reports, the website was rendered inaccessible in the wake of the hack. They also tried, unsuccessfully, to shut down a New York dam.

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Betting the Bank on Your IT Experts

Jack Henry

The stakes of this game are rising, however, because of increased sophistication of cyber-attacks, regulatory scrutiny around how banks are managing IT environments, and the growing number of governing entities with their fingers in the compliance pie. I would be remiss to discuss outsourcing today without mentioning vendor management.

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Reflections 2022: The Power of Patents and the People Behind Them

FICO

This technology is incorporated into FICO® Falcon® Fraud Manager. This patented technology can provide insight in investigating payment card fraud, detecting cyber security threats, credit risk, and identifying money laundering activities. . Industry Recognition for AI and Analytic Innovation.

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Banks can ill afford to get complacent about coronavirus

American Banker

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.