Remove 2022 Remove Reporting Remove Risk Management Remove Testing
article thumbnail

What the Digital Operational Resilience Act means for you

CIO Business Intelligence

Introduced in 2020—and later enacted in 2022—DORA aims to establish a consistent and common level of digital operational resilience across financial services firms in—or doing business with—the EU. Digital operational resilience testing : Sets out guidance for testing of existing recovery strategies to identify potential vulnerabilities.

article thumbnail

State of Cloud Data Security Report Reveals Increase in Cloud Data Breaches, Shadow Data Concerns

Laminar Security

To gain a deeper understanding of the innovation attack surface’s impact on organizations with public cloud infrastructure, Laminar released its second-annual State of Cloud Data Security Report. Ninety-seven percent of security professionals reported their organization has a dedicated data security team, up from 58% in 2022.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

New CIO appointments in India, 2022

CIO Business Intelligence

March 2022. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. February 2022. January 2022. Write to us if you have news to share. Parle Agro appoints Avadhut Parab as CIO.

article thumbnail

Selling the C-suite on preemptive IT investments

CIO Business Intelligence

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” The average cost of a data breach is $4.64 The average cost of a data breach is $4.64

ROI 122
article thumbnail

The history of ESG: A journey towards sustainable investing

IBM Big Data Hub

1 Slowly but surely, institutional investors started to recognize that companies could potentially improve financial performance and risk management by focusing on ESG issues like greenhouse gas emissions. The CDP encouraged institutional investors to ask companies to report on their climate impact.

article thumbnail

3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 We did side-by-side testing,” he says.

IT 128
article thumbnail

What is Model Risk and Why Does it Matter?

DataRobot Blog

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111