PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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Abrigo

JULY 10, 2023

Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

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PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Phishing scams: Phishing scams use emails with malicious links to gather personal details, such as users’ crypto wallet key information. The invested crypto goes straight into the scammer's wallet.

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Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important. According to the FTC , $2.7

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PYMNTS

JANUARY 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. A scam usually begins with online contact via social media or dating apps. Would you like other articles like this in your inbox?

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PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. And social media platforms have an obvious interest in playing nice with lawmakers, given the regulatory threats that hover over their business models.

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. It would then use the information to recommend products.

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PYMNTS

JANUARY 13, 2020

In other examples, end users must be informed when prices are based on their internet browsing histories. Sites are also required to offer free services that inform users when data is being collected and how it may be used. In India, Too. As reported by Reuters, the IT ministry is examining a two-tiered system for the rules.

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Abrigo

MARCH 8, 2024

They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Using victim artificial intelligence (AI), they gather personal information from platforms like Facebook and Instagram to customize their schemes. The best defense is a good offense.

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PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. In 2016, customers took to social media to complain about a similar thing.

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PYMNTS

FEBRUARY 28, 2019

The New York State Department of Financial Services has requested information from Facebook regarding apps that were sending sensitive personal data to the site, according to a report by The Wall Street Journal. The regulator is stepping up an investigation after the report showed the apps sent data like body weight and menstrual cycles.

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South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

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PYMNTS

OCTOBER 4, 2020

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Facebook declined to discuss the information. The FTC didn’t immediately respond to a WSJ request for comment.

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PYMNTS

JANUARY 3, 2019

You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.

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PYMNTS

JUNE 1, 2017

An annual report by RSA shows how consumers perceive the security of their digital experience, where those perceptions are well (or poorly) founded and how organizations can capitalize on opportunities to distinguish themselves in the market by providing stellar security. Is your information secure online? Are you sure?

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PYMNTS

DECEMBER 16, 2020

Social media fraud has been on the rise during the past year. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds. Deep Dive: How The Trends Of 2020 Can Inform The Coming Decade’s Fraud-Fighting Goals.

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PYMNTS

APRIL 12, 2018

Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined. It would also give enforcement authority to the Federal Trade Commission (FTC). It would also give enforcement authority to the Federal Trade Commission (FTC).

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PYMNTS

OCTOBER 1, 2020

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

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South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. That notion proved false, and the quality of that metric has forever changed.

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PYMNTS

JUNE 2, 2019

According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. There was a file attached to the email claiming to include more information, but would instead run malicious code when opened.

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PYMNTS

MARCH 19, 2018

Facebook is facing fresh calls for the government to regulate the company after the news that Cambridge Analytica, a political consulting firm, was able to access data on 50 million users beginning in 2014. That defense didn’t do much to quell the blame being tossed the social media giant’s way. Democratic U.S.

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Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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PYMNTS

SEPTEMBER 30, 2018

Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, has requested more information from the company about the breach, including which EU residents might be affected. billion if regulators find the company violated the bloc’s strict new data privacy law.

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PYMNTS

AUGUST 18, 2019

Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S.

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Perficient

SEPTEMBER 29, 2020

They’re highly regulated. She’s informed, but she isn’t barraged with pushy notifications. Health systems that succeed in building “stickiness” do things like use gamification and social media tools. It’s the social media or TurboTax experience. It’s information on the go! And so much more.

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CB Insights

MAY 3, 2018

You’ll learn about cybersecurity trends to watch and high-momentum startups with the potential to shape the future of security. In internet-speak the word “meme” often refers to an amusing picture that goes viral on social media. ” From “Tutorial: Military Memetics,” by Dr. .”

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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PYMNTS

APRIL 9, 2019

The social media giant also is taking responsibility for data’s misuse by third parties, reports Reuters — and where, according to a statement from the Commission, the company “has not acted with due professional diligence.”. The changes come in the wake of several high-profile security breaches and lapses.

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PYMNTS

JANUARY 30, 2019

Facebook posted single-digit user gains in the fourth quarter of 2018, gains that arguably push back against ideas that the social media platform would lose its hold on consumers in the wake of online privacy and security concerns. Facebook users are also bringing in more revenue for the social media platform.

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PYMNTS

NOVEMBER 27, 2018

“Dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability,” Rometty said. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Department of Justice (DOJ) and Federal Trade Commission (FTC).

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South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments.

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PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World.

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Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024).

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PYMNTS

NOVEMBER 5, 2019

Two Democrats have introduced a new bill that would create a federal agency tasked solely with regulating the tech industry. Anna Eshoo and Zoe Lofgren, both of California, would lead to the creation of the Digital Privacy Agency (DPA), a federal agency that would issue regulations and enforce imposed privacy rules.

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Regulation California United States Data 101

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

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