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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. 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. Let’s take a look at these four steps.

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BEC Run Out Of Detention Center Nets Millions

PYMNTS

The scams netted an alleged $25 million from 2014 to 2016. “In In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. He and an accomplice operated from Nigeria, targeting the U.S., ” The Larger Trends.

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From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

For those in the banking industry fighting on the front lines of the escalating cyber war, this isn’t news. But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. The Turning Point.

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The 2015 GonzoBanker Awards

Gonzobanker

New Bank Positions That Will Be Busy in 2016. We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. Bank project management offices. FFIEC’s Cyber Security Self-Assessment Tool.

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Analysts Challenge US House Data On SME Cybersecurity

PYMNTS

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. ”

Data 101
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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). percent from Q2 2016 to Q2 2017. Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

With the third annual FinDEVr Silicon Valley 2016 only a few weeks away (and tickets still available ), it’s a great time to look back and see what the FinDEVr alums have been up to this year. Alums presenting at FinDEVr Silicon Valley 2016: Aerospike ( FD15 ). Demoed at FinovateFall 2016. Earned a spot on the Big Data 50.