All GRC World Forums articles in February 2021 – Page 2
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News
New AML rules in US increase credit risk for banks globally, warns rating agency
New anti-money laundering legislation in the United States intensifies credit risks for non-US banks, a major rating agency has warned.
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Data of 3.3m cash-loan app users ‘sold online’
Email addresses and other information about 3.3m clients of money-lending app Cashalo in the Philippines is being offered for sale on the dark web, a preliminary investigation by the Philippine National Privacy Commission (NPC) has shown.
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The Key Pillars for Protecting Sensitive Data
Traditionally organizations have focused IT security primarily on perimeter defense, building walls to block external threats from entering the network. While this is still important, it is not enough.
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Indonesia set to expand AML regulation for fintechs
Indonesia will soon approve a regulation to stem money laundering and terrorism financing by requiring more financial technology companies to report suspicious transactions, the head of its financial intelligence agency has said.
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Microsoft CEO calls for global rules on privacy and data protection
The Chief Executive of Microsoft has called for uniform regulations worldwide covering privacy and information security.
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Hackers behind Accellion breach linked to FIN11 group
Hackers behind Accellion breach linked to FIN11 group
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Business Update: Kaseya acquires RocketCyber
RocketCyber’s managed security operations center brings cybersecurity to Kaseya IT Complete to strengthen the platform. (press release)
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Webinar
Managing Complex DSARs in the Enterprise
The number and complexity of Data Subject Access Requests (DSARs) received from both customers and employees has increased over the past couple of years, and some fear Covid-related redundancies will further drive up the numbers.
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UK cyber fraud efforts ‘hampered by uncertain definitions and measurement’ warns think tank
A “worrying” lack of certainty about the definition, understanding and measurement of cyber fraud is hampering efforts to tackle cyber fraud, a United Kingdom think tank has warned.
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Business Update: Enveil releases version 3.0 of its flagship ZeroReveal product line
Enveil announce the release of version 3.0 of ZeroReveal performing over 1000x faster than the initial release in 2017. (press release)
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Malaysia to set up cyber security test lab
A 5G cyber security test lab will be launched in Malaysia to cover Internet of Things (IoT) and telecommunications security, plus improving readiness in responding to 5G-related cyber-attacks, says communications and multimedia minister Datuk Saifuddin Abdullah.
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Imperva Sonar platform delivers a unified security platform
Cybersecurity leader, Imperva, unifies security analytics across edge, applications, and data. (press release)
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Webinar
Becoming a Data-Driven Bank with Privacy at the Core
Leveraging sensitive data to deliver insights and product innovation is more important to running a profitable bank than ever before. This increased demand for sensitive data is creating a strain on existing processes as regulations continue to restrict how and for what personal data can be used.
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US government announces new measures to boost cyber security
The United States will launch a series of actions to strengthen the country’s cyber security, Department of Homeland Security (DHS) secretary Alejandro Mayorkas announced.
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Former Europol director to kick off two days of debate at FinCrime World Forum
Sir Rob Wainwright will kick off two days of debate, insight and virtual networking at the FinCrime World Forum next month.
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Business Update: Cybersecurity executive Malcolm Harkins joins BlackCloak advisory board
BlackCloak continues to grow its team of advisors and cybersecurity experts to tackle the problem of at-home executive protection. (press release)
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Business Update: IBM Power Systems enhances hybrid cloud capabilities with Red Hat
IBM have announced availability of Red Hat software on IBM Power Systems as well as new IBM Power Systems hardware to help clients modernize. (press release)
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Further $853m fraud reported at troubled Indian housing finance company DHFL
Indian finance company Dewan Housing Finance Corporation Ltd (DHFL) has reported a further fraud worth Rs 6,182 crore (around $850m) to the stock market.
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Business Update: Databricks partners with Google Cloud to deliver its platform to global businesses
patabricks launches on Google Cloud with integrations to Google BigQuery and AI Platform that unify data engineering, data science, machine learning, and analytics across both companies’ services. (press release)
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Four-fifths of companies polled are ‘more concerned about nation-state cyber-attacks than five years ago’
Companies are growing increasingly concerned about the threats posed by nation-state cyber-attacks, with nearly 80% more concerned about becoming a victim than they were five years ago, according to research.