All Technology articles – Page 15
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PremiumTPRM Summit takeaways: Tech risks, board and audit relationships
The impact of new technologies like generative artificial intelligence on the third-party risk management landscape was among the points of discussion addressed at Compliance Week’s TPRM Summit in Atlanta.
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News BriefCFTC assembles task forces to combat cyber and tech issues, ESG fraud
The Enforcement Division of the Commodity Futures Trading Commission announced it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.
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PremiumGrowing list of MOVEit hack victims shows damage control difficulties
More than 130 organizations are believed to have been impacted by the MOVEit hack, with millions of people’s data at risk. Experts opine on the struggles businesses face in containing exposure.
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PremiumKroll survey: Firms rapidly adopting AI tools for financial crime compliance
A new survey of senior leaders and risk professionals from around the world found more than half the respondents have turned to artificial intelligence technology to address a perceived rise in financial crime risks, although most solutions are still rather new.
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WebcastCPE Webcast: It’s 10 p.m. Do you know where your data is?
This webinar will provide practical guidelines for compliance professionals to address the pervasive issue of unmanaged data.
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PremiumExperts: Pressure on compliance to begin assessing AI Act impact
Compliance functions are largely unprepared for the European Union’s AI Act, with many still unaware of what artificial intelligence their organizations are using or the risks the technology poses to their business, according to experts.
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WebcastCPE Webcast: Mobile compliance made easy: Best practices for small firms
In today’s fast-paced business world, firms must adapt to the ever-changing mobile compliance and technology landscape to stay competitive.
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PremiumGoogle Cloud touts impact of new AML AI product
Google Cloud launched a new anti-money laundering product for financial institutions that utilizes artificial intelligence and machine learning to replace manually defined rules used to spot suspicious transactions.
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News BriefJPMorgan unit fined $4M over record retention violations
JPMorgan Securities agreed to pay $4 million to settle charges levied by the Securities and Exchange Commission regarding record retention violations related to the deletion of approximately 47 million electronic communications.
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PremiumOCC’s Hsu: FIs wise to include risk, compliance in tech product development
As financial institutions mull potential growth opportunities with digital asset and artificial intelligence tools, Acting Comptroller of the Currency Michael Hsu warned against leaving risk and compliance teams out of the loop.
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PremiumAs AI Act moves forward, concerns of undermined GDPR persist
The European Union wants to bolster tech innovation within the single market as artificial intelligence is predicted to catapult economic growth, but some have expressed fears AI use might conflict with levels of automatic protection expected under the General Data Protection Regulation.
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PremiumShades of SolarWinds in lessons from MOVEit hack
A ransomware attack affecting some of the U.K.’s largest corporations has highlighted once again how exposed organizations can be if the levels of cybersecurity used by their third parties are not as strong as expected.
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PremiumNutanix discloses remediation steps following costly software misuse
A lack of oversight of employees handling vendor software is one of several failings at cloud computing company Nutanix that led to misuse, $11 million in estimated costs, and two pending lawsuits.
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WebcastCPE Webcast: Lessons learned from privacy enforcement actions and emerging trends
In 2023, more American organizations than ever need to comply with stricter and wider-reaching requirements for collecting and processing personal data.
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PremiumMindset matters for governance and compliance success in the cloud
Shifting your organizational structure to align with a capability-based operating model can help you focus on delivering outcomes for customers, instead of concentrating on different departments and processes.
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PremiumVerizon report: Lion’s share of data breaches linked to organized crime
About 83 percent of data breaches are perpetrated by external bad actors and not employees, with 70 percent of those breaches linked to organized crime groups with financial motives, according to the latest research.
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News BriefCFPB: ‘Poorly deployed’ AI chatbots harming banking customer service
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
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PremiumResponsible use cases exist for generative AI in compliance—if you plan carefully
The possibilities for productive use of generative AI are alluring, compliance professionals say. But harnessing the technology in an ethical and compliant manner requires thorough risk assessment.
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News BriefFTC orders Amazon pay $30M for alleged Alexa, Ring privacy violations
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
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PremiumAsk a CCO: Importance of data analytics, AI over next 5 years
Six senior compliance practitioners forecast the impact advances in data analytics and artificial intelligence will have in their future compliance efforts.