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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

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The State of Security in 2024: The Bad Guys Love AI Too

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Building access systems have already been in the sightlines of hackers, and security professionals have already pointed out serious vulnerabilities in smart building control systems that hackers could exploit. Cyber insurance could get shaky. “Connected” or “smart” buildings could be new targets.

Security 128
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Four Hot Areas for AI in Financial Services

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In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

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How CISOs Can Reduce Third-party Attack Vectors

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The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. A model for regulation could be the EU’s Digital Operational Resilience Act (DORA) , which strengthens and standardizes IT security and compliance for financial entities such as banks, insurance companies, and investment firms.

Audit 52
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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

article thumbnail

Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?