Finance industry still reliant on ‘archaic’ data collection practices

For organizations in the finance industry, having timely access to relevant data makes the difference between success and failure. But many are still hanging on to “archaic manual data collection processes”, curbing their full potential. This is according to a new report published by proxy company Oxylabs, which states that more than half (52 percent) of finance companies in the …

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Remote workers had no choice but to break security best practices

Remote workers everywhere know they are not adhering completely to their organizations’ cybersecurity policies. However, many feel as if they have no choice, a new report from HP Wolf Security suggests. Analyzing the state of cybersecurity in the new, decentralized and distributed working environment, HP found that most remote workers use their personal devices, such as laptops or mobile phones, …

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Why technology and startups are key to accelerating sustainable banking practices

Sustainability has been evolving as an increasingly important issue in the banking industry for a long time now. As stakeholders called for increased importance on Environmental, Social and Governance issues, banks had begun incorporating ESG considerations into their risk management processes, purpose statements and investment decisions.  The importance of ESG considerations has been emphasized even more in wake of the …

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Businesses failing to adhere to data protection best practices

While most businesses understand they should be encrypting customer data, the reality is a little different, according to a new report from the Ponemon Institute. The report states that most organizations consider encrypting customer data the most important security practice. However, businesses are more likely to encrypt financial records, payment-related data, employee/HR data, and intellectual property instead. The Ponemon Institute …

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Poor hardware disposal practices posing a risk to data security

Many business leaders aren’t paying much attention to the way they dispose of old and obsolete hardware, opening their organizations up to possible data breaches. This is according to a new report from DSA Connect, a company that specializes in the disposal of hardware and proper deletion of residual files. Of the 1,029 people polled for the report, a fifth …

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Key data governance practices | ITProPortal

A recent State of Data Governance Report shows that 98 percent of surveyed organizations consider data governance important, and ~50 percent have already started their implementation. They did so either through their own employees or via an external company providing data governance consulting services. Effective Data Governance usually spans across the whole organization, including Human Resources, Processes, and IT systems. …

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Management practices need to adapt to manage ‘out of sight’ employees

Employees managed to adopt remote working quickly and with relative ease, but what about management? According to a new report from VMware, it’s complicated; the C-suite and other managers are having trouble adapting to the new normal and being at peace with the ‘out of sight’ employee. Polling 2,850 HR leaders and IT decision makers from EMEA, the firm uncovered …

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