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Four Steps for Managing Third-Party Cyber Security Risk

FICO

The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Would there be compliance exposure in the event of a breach at the supplier? Obtain evidence of ongoing compliance with standards (e.g., if necessary?

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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000 In November , India’s Minister of state for electronics and IT (MeitY) announced that the government is drafting a national framework to expand the deployment of blockchain use cases.

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Corporates Unprepared For GDPR, UK Government Warns

PYMNTS

For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. But businesses shouldn’t only look at compliance as the key motivator behind adopting GDPR rules. A press release published last week by gov.uk

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 Banks are familiar with upgrades to their internal and local compliance standards, but China represents a different kind of challenge.

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC).

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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Tech and Finance

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

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Finaeos Debuts Back Office and Capital Raise Compliance

Fintech Labs Insights

Next, Finaeos debuted its compliance automation: “Finaeos Automates the Back-Office & Capital Raise Compliance. Mobile Access with consideration of OCIE Cyber Security Initiative April 15 2014 – National Exam Program” Presenting Tim Vasko (CEO & Founder). . KYC “Know Your Customer”. •