

Michael Magrath
Director, Global Regulations & Standards /*=$expert->feature_status*/ ?>
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December 09, 2020
Digital identities and remote account openings will gain traction worldwide.
Digital identities and remote account openings will gain traction worldwide: Regulators in Hong Kong, Pakistan, Greece, Macedonia, Mexico, and Turkey approved remote bank account openings in 2020 – a clear indicator that even processes rooted in traditional face-to-face meetings in the branch are now going digital and touchless around the globe.

April 01, 2020
In 2019 Marriott is expected report about $3.8 billion (USD) in global turnover (revenues).
For Marriott International this breach probably couldn’t have come at a worse time as the near shutdown of the global travel and hospitality industries have adversely Marriott’s revenue projections. While Marriott felt the pain of a £99m GDPR fine for the Starwood breach, as a two-time offender with incidents relatively close apart, the regulators may come down hard on Marriott. If deemed a severe violation, under GDPR, companies can be fined up to 4% of global turnover of the preceding.....Read More

August 01, 2019
The good news is the perpetrator was identified and arrested.
The Capital One breach is a classic example of the “insider threat” which has been present since the first merchant hung a shingle and sold goods and is certainly not limited to the digital age.
The insider threat is not limited to employees and extends to third party providers as Capital One fell victim to. The third-party provider threat is a concern for CISO’s and regulators alike, which is why the New York Department of Financial Services’ Cybersecurity Requirements for.....Read More
