Remove Cybersecurity Remove Efficiency Remove Regulations Remove Blog
article thumbnail

6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient Digital Transformation

This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. The Role of Regulatory Risk and Compliance 1.

article thumbnail

How to stay on the right side of the latest SEC cybersecurity disclosure rules for a data breach

IBM Services

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3% increase from 2020.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RSA 2023 Conference Sizzles with Focus on Artificial Intelligence for Cybersecurity | Blog

Everest Group

Generative Artificial Intelligence, threat detection and response, simpler cybersecurity solutions , attack vectors, and identity and access management were among the key cybersecurity industry trends grabbing attention at the RSA Conference in San Francisco. Here are the main cybersecurity industry trends we saw at RSAC 2023.

article thumbnail

New challenges for financial companies, how to solve them? 

Redial

This blog will delve into the most recent challenges financial companies might encounter this year and beyond and explore potential alternatives to address these challenges. Challenges in 2023 and Beyond For Financial Companies Regulatory Compliance Financial regulations continue to evolve, becoming more complex and stringent.

article thumbnail

Navigating the Landscape: The Cost and Benefits of Generative AI Implementation | Blog

Everest Group

Explore the various costs and advantages associated with this technology in this blog, or get in touch to find out more. Implementing gen AI can improve the velocity of change, increasing the overall efficiency of existing tasks. Non-compliance with these regulations may lead to fines and legal consequences.

article thumbnail

6 factors to consider in offshore investment

Redial

Here are six crucial elements for business and industry leaders to contemplate when venturing into offshore investment for contact services: Regulatory Compliance and Legal Frameworks Navigating the complex landscape of international regulations and legal frameworks is paramount in offshore investments.

article thumbnail

Data protection strategy: Key components and best practices

IBM Business Partners

It supports the same security measures as data security but also covers authentication, data backup, data storage and achieving regulatory compliance, as in the European Union’s General Data Protection Regulation (GDPR). Data breach victims also frequently face steep regulatory fines or legal penalties.