A key amendment to Canada's Personal Information Protection and Electronic Documents Act goes into effect on Nov. 1. What are the baseline standards for compliance, and how does this change impact risk transfer and mitigation? Charlie Groves of CrowdStrike shares his views.
Compliance regulations such as SWIFT and GDPR can be challenging to understand and implement. Many of these regulations have cybersecurity requirements that are focused on protecting critical banking infrastructure with aggressive timelines - and without disrupting the very business-critical systems you're trying to...
The evolving industry regulations, such as adherence
to the FinCEN CDD final ruling and the 4th EU antimoney
laundering directive, have put additional
pressure on financial institutions when screening
new applicants and existing customers.
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Enhancing your KYC / CDD...
Has your financial institution recently been
through a regulatory audit or thematic review
where weaknesses were identified with your audit
processes? This is now an increasingly common
scenario for Chief Anti-Money Laundering Officers
(CAMLO), Bank Secrecy Act Officers (BSA Officers),
or other similar positions...
As the number and complexity of regulations increase, so does the cost
of compliance, with an increasing volume of alerts, more extensive
investigations, and greater scrutiny on compliance practices. Regulators
increasingly lean on institutions not only to justify the rationale behind
AML model changes, but also...
Managing the cost of compliance is becoming an increasing concern for financial institutions. The dearth of experienced compliance professionals, the growing influence of big data, and escalating risk are contributing to the challenges these organizations face. There are proven strategies that can be executed to...
We are amid a data explosion that has created unique challenges and opportunities for organizations across industries. Mountains of machine data from disparate systems can make it difficult, costly and time intensive to manage and secure IT assets. But with the right solutions, organizations can reduce costs, optimize...
Better, stronger fraud-detection intelligence - that's the promise of the new 3-D Secure 2.0 protocol for digital merchants, networks and financial institutions. But what should organizations do to prepare? James Jenkins of CA Technologies weighs in.
The European Union's (EU's) General Protection Regulation (GDPR), which began enforcement on May 25, 2018, dramatically increases the penalties for failing to properly protect users' personal . The maximum fines that can be leveraged against an organization eclipse penalties that have been imposed in the past; they...
In January 2018, Financial Crime Enforcement Network (FinCEN) announced changes to the Suspicious Activity Report (SAR) form. Financial organizations currently subject to the FinCEN SAR eFiling will soon have to make major changes to comply with the new rules by January 1, 2019. The suspicious activity types that need...
Leading the latest edition of the ISMG Security Report: Cybersecurity expert Brian Honan provides insights on why organizations that are not yet compliant with GDPR need to focus on several key steps. Also: An assessment of the progress women are making in building careers in information security.
The European Union's new data protection enforcement is prompting a rethink about data handling in Australia, which has had a casual approach to privacy, says Brian Fletcher, Symantec's director of government affairs in Asia Pacific.
Leading the latest edition of the ISMG Security Report: Reports on the impact enforcement of the EU's General Data Protection Regulation, which began Friday, will have on the healthcare and banking sectors. Plus an assessment of GDPR compliance issues in Australia, which offer lessons to others worldwide.
The EU's General Data Protection Regulation, which will be enforced beginning May 25, has significant implications for how financial institutions worldwide handle customer data, says Brett King, CEO of Moven, an all-digital bank, who sizes up the challenges.
There are massive amounts of vulnerabilities that companies deal with on an ongoing basis - not everything is lost though. Organizations that use unpatched software face a race against the clock, with attackers regularly beginning to hammer new vulnerabilities just hours after new fixes or security alerts get released...