The need for the most efficient and effective Know Your Customer regulations and KYC solutions has never been stronger as conventional banking advances online. Customers may open accounts with banks, brokerage firms, and other financial organizations using only their cell phones. They may use an app to apply for financing and invest in inequities. They can do it securely and … [Read more...] about The future of KYC: Why KYC Banking Is Important and What banks need to know
Data security
Over-the-air Software Updates Raise Autonomous Vehicle Safety Concerns
In order to provide a greater degree of functionality as well as safety, cars with even the most basic of autonomous functions would need to have regular software updates. Each time engineers identified a potential issue, there's a high probability that they would have to push out new code in order to reduce the risk of said issue actually happening while out on the road. This … [Read more...] about Over-the-air Software Updates Raise Autonomous Vehicle Safety Concerns
Comparison Between Global Data Security Laws – China PIPL, EU GDPR, And US Data Laws
The activation of the Personal Information Protection Law (PIPL) adds another layer of complexity concerning compliance with China's data law security. We expect that some further details will be detailed in regulations and practical guidance in the future. This law, which came into effect recently on 1 November 2021, has changed business dealings in and around China. The … [Read more...] about Comparison Between Global Data Security Laws – China PIPL, EU GDPR, And US Data Laws
PIPL: The Rules and Impacts for Businesses
The China Personal Information Protection Law PIPL is the new data privacy law in China. It's aimed at protecting personal information and addressing issues with leakage of personal data. PIPL is a new cybersecurity law first conceptualised in 2014. It was passed into law on the 20th August 2021 and took effect on 1st November 2021. This cybersecurity structure will regulate … [Read more...] about PIPL: The Rules and Impacts for Businesses
Data Quality – The Hidden Enabler of Security and Compliance
When guests check in to a 5-star hotel, they volunteer their personal information quite freely with the assurance that their data will be kept safe. After all, the customers are paying a premium for service. What happens when there's a data breach “ Marriott discovered the consequences when their systems were hacked and sensitive details of over 500 million customers were … [Read more...] about Data Quality – The Hidden Enabler of Security and Compliance
