Regulatory Scrutiny of Technology and Data

Data privacy & security; data collection & use; model & algorithmic bias; and transparency & consumer rights.

September 2022

Digitally enabled, automated, interconnected, and real-time services and innovations fuel business but with what current and emerging regulatory risks?  Did you know that:

  • Bank information technology concerns constitute 25 percent of all cited supervisory concerns, with most related to risk management and controls, according to the OCC.
  • Insufficient data protection or information security can constitute an unfair practice, according to the CFPB.
  • Multiple investigations of companies’ records preservation practices and employee use of unauthorized communication channels, including personal devices, have been initiated by the SEC and other regulators.
  • A new approach to the data privacy and security framework is needed and, according to the FTC, particularly one that would involve substantive limits rather than procedural protections.

See our new Point of View, Regulatory Scrutiny of Technology and Data.

 

Contact us

Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100
Anand Desai

Anand Desai

Principal, Advisory, Technology Risk Management, KPMG US

+1 212-872-2139
Matthew P. Miller

Matthew P. Miller

Principal, Advisory, Cyber Security Services, KPMG US

+1-571-225-7842
Alexander Smith

Alexander Smith

Advisory Managing Director, Modeling & Valuation, KPMG US

+1 312 665 2183
Nilotpal Roy

Nilotpal Roy

Managing Director, Advisory, KPMG US

+1 404-979-2015