article thumbnail

57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

This incident comes just months after another Bank of America vendor, Ernst & Young, suffered a breach exposing data on 30,210 Bank of America customers. Cybersecurity experts say this latest breach underscores risks in the interconnected financial sector, especially regarding third-party vendor management. "As

Banking 93
article thumbnail

Software vendors offer AI sales boost for retail at NRF show

CIO Business Intelligence

As they take stock after the year-end frenzy of shopping the holiday season always brings, retail CIOs attending the National Retail Federation’s annual show, NRF 2024, may be wondering how they can improve their IT systems’ performance over the next 12 months. year on year in the first 11 months of 2023, AI or no AI.

Retail 94
Insiders

Sign Up for our Newsletter

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

article thumbnail

8 strategies for accelerating IT modernization

CIO Business Intelligence

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. In contrast, only 27% of those categorized as DX laggards say as much. That’s the black swan for gen AI,” Gupta says.

Strategy 140
article thumbnail

What enterprise software vendors are doing with generative AI

CIO Business Intelligence

It’ll also lend a hand with e-commerce, delivering a multi-channel “concierge” experience from February 2024. Artificial Intelligence, CIO, Generative AI, IT Leadership, Vendor Management, Vendors and Providers The two companies are jointly developing LLMs and generative AI capabilities , they said.

article thumbnail

What IT executives are saying about vendor consolidation

CIO Business Intelligence

While I expected this exercise to confirm that consolidation is real, I was pleasantly surprised with the degree to which the CIO Tech Talk Community confirmed it – and how they are taking steps to realign their procurement and vendor management strategies.

Survey 110
article thumbnail

The importance of converging the Security Service Edge

CIO Business Intelligence

Gartner predicts that more than 40% of enterprises will have SASE in place or progress by 2024, up from fewer than 1% at the end of 2018. The approach also speeds time-to-market, since vendors can deliver – and users can implement – individual components faster, and thereby realize more immediate results. “A