Regulatory Scrutiny of Technology and Data
Data privacy & security; data collection & use; model & algorithmic bias; and transparency & consumer rights.
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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.
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Meet our team
Amy S. Matsuo
Principal and National Leader, Regulatory Insights, KPMG US
Anand Desai
Principal, Advisory, Technology Risk Management, KPMG US
Matthew P. Miller
Principal, Advisory, Cyber Security Services, KPMG US
Alexander Smith
Managing Director, Modeling & Valuation, KPMG US
Nilotpal Roy
Managing Director, Advisory, KPMG US
Amy S. Matsuo
Principal and National Leader, Regulatory Insights, KPMG US
Anand Desai
Principal, Advisory, Technology Risk Management, KPMG US
Matthew P. Miller
Principal, Advisory, Cyber Security Services, KPMG US
Alexander Smith
Managing Director, Modeling & Valuation, KPMG US
Nilotpal Roy
Managing Director, Advisory, KPMG US
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KPMG’s Financial Services Regulatory Insight Center comprises key industry practitioners and regulatory advisors from across KPMG’s global network.