By virtue of the type and volume of data they manage, financial services companies take on significant regulatory compliance risk. Compliance officers face the daunting task of understanding and managing adherence to an ever-increasing number of complicated laws and regulations. A veritable acronym soup of regulations include rules for both data privacy and data retention–and […]
In today's fast-paced technological landscape, managing legacy applications within a large company poses unique challenges. While these applications have been the backbone of business operations for years, they often present hurdles that impede efficiency, security, and innovation. We’ve interviewed 20 Application Owners from banks, global real estate companies, healthcare organizations, and cyber security experts, so […]
There’s a tension between how company leaders and employees see compliance. For leaders, the question is “How?”—or, more to the point, “How quickly?” (As in, “How quickly can we put a compliance program in place?” “How quickly can we provide reporting for this audit?” and so on.)But for employees, the question is too often, “Why […]
There is a bit of folklore in most heavily regulated industries, and especially in the financial services industry, that goes something like this: Larger players should worry the most about regulatory compliance and security.The reasoning is simple: Larger, well-known firms are the ones most likely to be targeted by both cyber criminals and government agencies. […]
In January 2022, infosec and tech news sources blew up with stories about “Elephant Beetle,” a criminal organization that was siphoning millions of dollars from financial institutions and likely had been doing so for over four years.This group is sophisticated. It is patient. But the truly frightening part of the story was that the group […]
The world is experiencing an unprecedented explosion of data, with businesses generating massive amounts of information daily. Efficiently managing and preserving this data has become a paramount challenge for enterprises seeking a competitive edge in the digital age. Enter Artificial Intelligence (AI), a technology that promises to revolutionize data preservation and business records management. In […]
In today’s digital age, data has become the lifeblood of businesses worldwide. Every click, transaction, and interaction generate valuable information that fuels decision-making processes and drives organizational growth. However, with the exponential growth of data comes the pressing need for effective data management strategies, particularly in archiving. Traditional data archiving methods, reliant on physical storage […]
In the high-stakes world of mergers and acquisitions (M&A), data preservation is crucial yet often underappreciated. As companies strive to merge their operations, cultures, and assets, the seamless and secure transfer of information is essential. This comprehensive analysis delves into why effective data preservation is not just a technical necessity but a strategic imperative that […]
In the rapidly evolving digital landscape, managing enterprise data through disciplined governance practices is crucial for sustaining business integrity and achieving compliance with increasing regulatory demands. Equally important is the strategic retirement of outdated applications, a process that streamlines IT operations and significantly enhances data security and operational efficiency. The intersection of data governance and […]
In today’s data-driven world, efficient enterprise information management has become crucial for maintaining competitive advantage. As a leading enterprise resource planning (ERP) software, SAP handles enormous volumes of data daily. However, accumulating data can slow down the system, leading to decreased performance and increased operational costs. SAP archiving addresses this challenge by effectively managing the […]