Remove Cybersecurity Remove Efficiency Remove Regulations
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

AI Regulations for Financial Services: OCC

Perficient Digital Transformation

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

professionals

Sign Up for our Newsletter

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

article thumbnail

6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient Digital Transformation

Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. Operational Efficiency and Effectiveness Adopting regulatory risk and compliance practices is not merely a box-ticking exercise. The Role of Regulatory Risk and Compliance 1.

article thumbnail

Agile Software Development Outsourcing: How to Streamline Your Development Process and Drive Innovation

Groove Technology

Cost Efficiency One of the most compelling reasons for outsourcing agile software development is the significant cost savings it offers. Improved Operational Efficiency: With external teams managing high-quality software development, companies can streamline their internal operations, focusing on innovation and growth.

Software 100
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.

article thumbnail

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

Everest Group

Implementing gen AI can improve the velocity of change, increasing the overall efficiency of existing tasks. This is particularly important because other relatively less expensive technologies can achieve comparable outcomes with similar efficiency. Non-compliance with these regulations may lead to fines and legal consequences.

article thumbnail

New challenges for financial companies, how to solve them? 

Redial

Challenges in 2023 and Beyond For Financial Companies Regulatory Compliance Financial regulations continue to evolve, becoming more complex and stringent. Cybersecurity Threats The financial sector is a prime target for cyberattacks. Digital Transformation The rapid adoption of digital technologies is reshaping customer expectations.