Dive Brief: Corporate finance chiefs play a less active role compared with information technology leaders when it comes to key aspects of complying with new cybersecurity rules from the Securities and Exchange Commission, according to a recent survey by AuditBoard, a cloud-based risk management company. Among other provisions, the rules require a public company to […]
The finance department has accidentally shared confidential commercial information for the second time as new data reveals the number of human errors behind government data breaches. The department has confirmed that last week it emailed 236 suppliers, and that the email included “embedded information with some third-party confidential information”. The shadow finance minister, Jane Hume, […]
Finance & Banking , Governance & Risk Management , Industry Specific 109 Banks to Participate in Simulated Cyberattacks to Assess Cyber Resiliency Akshaya Asokan (asokan_akshaya) • January 2, 2024 Image: Shutterstock The European Central Bank beginning this month will conduct cyber stress tests on banks to determine their resilience against cyberattacks. The agency […]
The leader of the Securities and Exchange Commission’s Division of Corporate Finance downplayed concerns that the agency’s new cybersecurity rules will provide a roadmap to threat groups about their attacks or place an undue burden on security executives. Erik Gerding, director of the Division of Corporate Finance, said staff carefully considered those issues as part […]
Artificial Intelligence & Machine Learning , Finance & Banking , Industry Specific Financial Stability Oversight Council Expects AI Use to Increase Rashmi Ramesh (rashmiramesh_) • December 18, 2023 The U.S. Financial Stability Oversight Council classified artificial intelligence as an “emerging vulnerability.” (Image: Shutterstock) U.S. regulators detailed the risks artificial intelligence poses to the […]
Finance & Banking , Fraud Management & Cybercrime , Industry Specific New Analysis Says Cyberattack Sent Failed Trading Rates Soaring to $60 Billion Chris Riotta (@chrisriotta) • November 21, 2023 Image: Shutterstock New reports are beginning to reveal the extent of fallout from a ransomware attack that targeted the Industrial and Commercial Bank […]
Finance & Banking , Industry Specific , Standards, Regulations & Compliance Non-Banking Institutions Will Be Required to Report Breaches Under Revised Rule. Chris Riotta (@chrisriotta) • October 27, 2023 The U.S. Federal Trade Commission said the new disclosure requirements will provide consumer lendes with additional incentives to protect consumer data. (Image: Shutterstock) Consumer […]