Security News
As part of the collaboration, Wipro will offer SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules. The offering will allow financial institutions to calculate trade sensitivities, generate CRIF file and calculate initial margin in-house.
NICE Actimize announced the launch of its newest platform, NICE Actimize Xceed, which integrates best-in-class AI, data intelligence, behavioral analytics, and insights within a unified cloud platform designed to bring agility to financial institutions of all sizes, including community and regional banks, that are looking to modernize their financial crime risk management solutions. With "Always On" AI-based technology, NICE Actimize Xceed's self-learning capabilities immediately and autonomously adapt to new threats, helping financial institutions meet today's dynamic risk management needs with laser accuracy, speed and simplicity, and without the need for a team of data scientists.
In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. had exposed approximately 885 million records related to mortgage deals going back to 2003. On Wednesday, regulators in New York announced that First American was the target of their first ever cybersecurity enforcement action in connection with the incident, charges that could bring steep financial penalties.
According to the survey, 32% of financial organizations have already seen an increase in data subject access rights requests since the CCPA came into force on January 1, 2020. This means that many financial organizations, which are already facing tough times, will need to allocate additional workforce and budget to ensure compliance with the CCPA. Other findings 33% of financial organizations discovered sensitive or regulated customer data outside of designated secure locations.
Motorola Solutions announced that Jason Winkler has been named executive vice president and chief financial officer, effective July 1, 2020. Winkler succeeds Gino Bonanotte, who has decided to retire from Motorola Solutions on December 31, 2020.
Global consulting firm Protiviti has launched a Navigating Business Resilience tool to help companies take a rapid approach to addressing the unprecedented challenges they are facing due to COVID-19-related disruptions, workplace re-entry and business transformation. The complimentary assessment tool helps business leaders quickly identify and prioritize their organization's unique pain points, threats and vulnerabilities across their core functions, and then creates an agile operating model, with an immediate triage heatmap of priorities and a recommended suite of practical tools and processes to best position their organization for competitive advantage after the crisis.
Futurex's VirtuCrypt financial cloud HSM service supports financial services organizations' critical payment systems cryptography and key management needs in the cloud. VirtuCrypt cloud HSMs are the industry's first financial cloud cryptographic solution with native Amazon Web Services support.
Palo Alto Networks announced the appointment of Luis Felipe Visoso to the position of chief financial officer. A veteran finance officer, Visoso most recently served as CFO for Amazon Web Services, and previously as CFO for Amazon's Worldwide Consumer division.
Twitter apologized on Tuesday for sticking business clients' billing information into browser cache - a spot where the uninvited could have had a peek, regardless of not having the right to see it. On 20 May, Twitter updated the instructions that Twitter sends to browser cache, thereby putting a stopper in the leak.
Cohesity announced that Robert O'Donovan has joined the company to serve as chief financial officer. O'Donovan, who has extensive and proven experience as a CFO at late-stage, rapidly growing private companies, will manage Cohesity's financial strategy as the software company expands its cloud services, redefines modern data management, and continues on a path of consistent and long-term growth.