Technically Creative Blog

In 2017, CA announced End-of-Life. The financial market as we knew it would be forever changed. CA’s announcement challenged the software vendors in the market to up their game and advance their products. It challenged businesses to reevaluate the way they meet their regulatory requirements and surveillance processes. Lastly, it challenged us at Technically Creative to think about how we can best support our customers and provide the most value to their technology compliance needs. Almost a year and a half in - Where did the financial market go for their new surveillance solutions?

Here we are. We all knew it was coming. Some prepared better than others. The largest of the companies invested in developing a new in-house Surveillance platform for themselves. The Next Gen vendors invested in their road maps and Technically Creative has been talking and seeing every imaginable demo to gather as much information possible for our customers. So, although we all wish we had a little more time, the June 2019 Eol will be here before we know it. The reality of migrating off of a system as complex as CA Data Protection (DP) is multifaceted. Many customers have used the produc

Since the announcement of the End Of Life for Orchestria | DataMinder | CA Data Protection in June 2019 many compliance officers in the financial markets have started to lose some sleep. The complexities of the migration are starting to sink in and the processes are proving to be much more complex than anyone had hoped for. It's important to understand how the decisions you are about to make will affect your company, the employees, the reviewers, the regulators, and the customers. Are you asking the right questions? Here are 9 items to consider and questions to ask when assessing a p

Let’s try an exercise; I’m going to give you some scenarios and you put them in order, from least to greatest risk to general health and safety: Going to the Doctor Living near a Nuclear Power Plant Driving a Car Playing with Fireworks Flying in an Airplane Shaking something free from a Vending Machine Swimming in the Ocean during Shark Attack Season Finished deciding your order? Based on the number of casualties per year, and ordered least to greatest, here’s the answer: Living near a Nuclear Power Plant Swimming in the Ocean during shark attack season Shak

Two themes that we’ve covered in the past, if you want something done right you have to do it yourself and the importance of being proactive, are two common themes when it comes to the regulatory risk and compliance spaces. With the industry in the state that it is, the implications that a company is failing to institute its own measures for maintaining compliance with the regulations are becoming too severe to ignore. Looking back on the 2008 financial crisis, poor regulatory oversight, while not the primary cause of the collapse, played an important role in a global economic recession.

President, package, exposure, raid, government. What do these words mean to you? Well, according to the NSA, they mean that you might be a terrorist. Released in 2011, as part of their Analyst Desktop Binder, the NSA revealed a list of 377 keywords that they use to monitor for any potential threat. If you go through the list, you’ll notice words like “recovery”, “response”, “Cloud” and many others that are similarly generic in nature. Now, given the context, those words start to make more sense, right? When it comes to surveillance of any kind, for the purposes of na

The year is 2054 and crime as we know it, has been virtually eliminated. With the help of 3 mutated humans, called “Precogs”, capable of seeing crimes before they happen, the “PreCrime” unit, led by Tom Cruise, can stop murders before they occur, presumably without messing up their perfect hair. Now while the hair might be real, obviously the plot of Minority Report is science fiction. While a system, human or otherwise, capable of seeing what has yet to unfold would be a dream, as it stands in 2016 and for the foreseeable future, we possess neither the science nor the technology

Let’s get a couple obvious things out of the way. First, we all know that data leaks are bad. And second, we also know that they happen all the time. According to the Identity Theft Resource Center breach report, the number of data breaches in 2015 for the US totaled 781.<\a> What you may not know is that outsider hacking attacks accounted for less than 40 percent of all breaches. [caption id="attachment_1772" align="alignleft" width="300"] Figure 1: Data Breach Incidents - By Type; Source: Identity Theft Resource Center 2015 Breach Report[/caption] If we take a look at this c

It shouldn’t come as news that every year the regulatory bodies which govern the financial industry come out with new rules, regulations, and standards by which these financial institutions need adhere. This year, it seems that a lot of regulatory focus has been on business culture, and business ethics, and with the cases that we’ve seen in the last year, it’s no surprise as to why. So, what are these changes, and what do they mean for the compliance surveillance space? Know Your Customer (KYC)             Recently proposed to be added to the regulatory framework

There’s no doubt that compliance is tricky business. Ensuring that your company adheres to the numerous regulations imposed by various bodies and administrations is a tough job that you may think requires you to hand it over to the experts. But you may be surprised to learn that doing that could cost you more in the end. Many firms who specialize in compliance offer the ever alluring idea that their “Former SEC/FINRA/CFTC” experts unburden you from the responsibility and hassle of ensuring that your firm is compliant with the multitude of regulations. While this sounds ideal, and in m

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