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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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Why Authentication And Real-Time Tracking Are Key To API Security

PYMNTS

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. Ensuring such payments are secure from bad actors is a priority for the banks that process them. API security. Benefits Of APIs .

Security 151
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Does GDPR have a silver lining for PCI compliance?

Payments Source

Since the Payment Card Industry Data Security Standard was introduced in 2004, many merchants found compliance to be too arduous or costly and just skipped it, risking fines. But increasingly, other regulations like GDPR are changing the PCI DSS compliance equation.

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. The firm runs online payment service Alipay that was introduced in 2004 and has reportedly grown into the biggest payment and lifestyle platform in the world.

Groups 262
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Amazon Expands Palm Biometrics In Seattle 

PYMNTS

The service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature,” Dilip Kumar , vice president of Amazon Physical Retail, said in a press release. “We Amazon said its technology can be used for in-store payments, accessing office buildings, and other commercial settings. .

Seattle 207
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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
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Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

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 IPO is being led by tech teams at most of Ant's underwriter banks, rather than by finance teams, Reuters writes, meaning that the classification as a tech company has merit.

Groups 196