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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.

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

Pure Storage

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.

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How CISOs Can Reduce Third-party Attack Vectors

Pure Storage

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. To help, a new class of tools has appeared on the market: Third-party cybersecurity risk management (TPCRM) platforms can help manage both assessment and ongoing monitoring.

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Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

Specifically, these have come from the Cybersecurity & Infrastructure Security Agency (CISA), Federal Financial Institutions Examination Council (FFIEC), and the National Cybersecurity Strategy (NCS) from the White House. FFIEC has a much broader and even less specific mandate than CISA. While the U.S. link] ²“ U.S.

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SIA New Member Profile: Veridas

Security Industry Association

banking customers who can open their bank accounts using a selfie. We envision a world where individuals are recognized not by cumbersome passwords or vulnerable keys, nor physical credentials, but privately, securely and voluntarily for who they truly are. One of the most promising areas of opportunity lies in biometrics.

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Data Privacy Week 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. ” Eric Scwake, Director of CyberSecurity Strategy at Salt Security “Data Privacy Weeks allows organizations of all sizes to reflect on their critical data and assess ways to ensure its safety and security.

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Non-Financial Risks are Increasingly Financial

FS-ISAC

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. But in a digital finance world that is quickly advancing into uncharted territory, non-financial risks – operational risk, fraud prevention, IT risk, and cybersecurity – are increasingly critical to the business.

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