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Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

First held in 2004 The history of Cybersecurity Awareness Month October is a special month for cybersecurity enthusiasts. It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online.

Online 221
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Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

Reuters writes that while Ant presents itself as a tech company, financial regulators have suggested it's under their umbrella. Ant, formed in 2004 as Alibaba's payments processor, also works to connect China's borrowers and lenders and can secure short-term loans in minutes. The aforementioned IPO will go for $34.4

Groups 196
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Alibaba’s Ant Financial IPO Rumored For Late 2017

PYMNTS

The business’ is most closely connected to Alipay, China’s largest online payments option, while also offering wealth management services, as well as credit scoring, micro lending and insurance. Alibaba launched Alipay in 2004, and later peeled off on its on accord ten years later.

Lending 100
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Prince Charles’ Charity Funded By Company With Russian Ties

PYMNTS

The investigation is centered on Russian investment bank Troika Dialog, with evidence showing that managers funneled money for more than eight years, starting in 2004. According to The Guardian , investigators found 1.3 million bank transactions showing around £3.5 billion ($4.6 billion USD) sent to Europe and the U.S.

Company 129
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78
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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies. In Summary.

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Robocalls Go Unpunished, Exposing Regulatory Gaps

PYMNTS

million in fines for violations of the Telephone Consumer Protection Act, which covers robocalling and other related activities — but federal authorities have managed to collect only $6,790 worth of penalties. billion the federal agency “secured” via fines and court judgements — or about 8 percent. That’s out of $1.5