Cisco

APRIL 2, 2024

Record-Breaking Security Vulnerabilities in 2023 According to data from Statista , the amount of vulnerabilities recorded in 2023 hit a record number with 29,000 new vulnerabilities reported. This is… Read more on Cisco Blogs

Compliance 62

Compliance Security Data Report 62

Perficient

MARCH 17, 2021

However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information and data security. Compliance Considerations. Security is the highest priority when searching for a nearshore partner.

Software 508

Software Regulation Industry United States 508

Perficient

APRIL 14, 2022

This blog marks the first of a six-part series that will explain the intricacies of reporting OTC bond transactions so that they adhere to TRACE standards. All broker-dealers who are FINRA member firms have an obligation to report transactions in TRACE-eligible securities under an SEC-approved set of rules. You can download it here.

Report 294

Report Compliance Security Regulation 294

Perficient

JUNE 1, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting, detailed the prep work to be done in order to effectively report TRACE transactions , and reviewed considerations for alternative trading systems. The following tables, starting with the most basic – U.S. Interested in learning more?

Report 294

Report Security Regulation System 294

Cisco

JANUARY 23, 2024

Cyber security attacks in 2023 reached a new level of sophistication as significant supply chain attacks and evolved malware tools have accelerated the risk facing financial institutions. With… Read more on Cisco Blogs

Cyber Security 62

Cyber Security Security Analytics Tools 62

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 221

Training Compliance Fraud Policies 221

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. Also securing seed funding is Bazaar, a B2B online marketplace based in Pakistan developed for the food and grocery arena to connect wholesale suppliers to retailers. TripActions.

Security 204

Security Fintech Capital Management 204

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Security and Compliance Updates. Adaptive Card Compliance Capabilities. The following compliance capabilities are now generally available: Legal hold.

Meeting 322

Meeting Compliance Cards Security 322

Perficient

JUNE 27, 2022

Committee on Uniform Securities Identification Procedures (CUSIP) number , or if a CUSIP number is unavailable at the time of execution, a similar numeric identifier. For a transaction in a TRACE-eligible security, except a securitized product, report the total par value or principal value of the security traded.

Report 275

Report Security Compliance System 275

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Perficient

SEPTEMBER 16, 2022

Legal status – There is some question regarding the legal status of many crypto-assets – is it a security, is it fungible, is it a derivative – as well as the very limited legal precedent regarding how crypto-assets would be treated in varying contexts, including, for example, in bankruptcy court. Determining Legality. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Accenture

APRIL 7, 2022

SWIFT’s Customer Security Programme (CSP) is designed to ensure that financial institutions keep up with the controls they need to address cyber threats. The post The 6 common mistakes banks make in SWIFT CSP appeared first on Accenture Banking Blog. With 23 mandatory controls and 9 advisories in….

Security 335

Security Risk Management Compliance Management 335

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

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. Would you like other articles like this in your inbox? Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

Fraud 195

Fraud cryptocurrency Training social media 195

Perficient

MARCH 22, 2021

If you are joining us for the first time, I encourage you to check out the first blog for a quick rundown of our scenario. In the first blog, we outlined a scenario where our user Megan B. PII: Social Security Numbers) or custom expressions. Without further ado let’s jump back into things! Scenario Recap.

How To 520

How To Policies Data User Experience 520

FICO

DECEMBER 13, 2022

Biometric Security Crucial for Fraud Protection and CX. Typically, the challenge for FIs has been the natural opposition of ease of use and good fraud protection and account security. Customers Prefer Biometric Security. This blog covers the results of the survey across all 14 countries surveyed. FICO Admin.

Fraud 52

Fraud Security Survey Customer Experience 52

Abrigo

NOVEMBER 1, 2021

Takeaway 1 BSA and fraud functions have historically been siloed, and IT has been external to compliance. Bank Secrecy Act (BSA) and fraud functions have historically been siloed within financial institutions' structures in the compliance world. Similarly, IT security professionals generally do not have a compliance background.

Fraud 195

Fraud Video Training Compliance 195

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.

Security 114

Security social media Video Policies 114

PYMNTS

DECEMBER 7, 2020

7) blog post that its new Payment Links service will “enable supply chain merchants to simplify and accelerate payment acceptance from corporate buyers.”. Established trading partners” benefit from an even more streamlined compliance process, with Adflex “authorised to securely store Cards on File (CoF).”.

Payments 163

Payments Compliance Cards Security 163

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. However, you should be able to trust the answers to specific security questions. Just as important are the security questions set up for your clients.

Fraud 150

Fraud How To social media Security 150

Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. Takeaway 2 FinCEN’s NPRM on residential real estate is an effort to t ight en the loopholes for lack of transparency in cash real estate transactions and will help deter money laundering.

Training 195

Training Fraud Trends Report 195

Abrigo

NOVEMBER 17, 2023

As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. This is the first-time fraud has been addressed at a high level as part of AML compliance, but it makes sense. Proceeds from fraudulent activity must be laundered, so there is a direct correlation.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. If there has been a regulatory change or update, your vendor should be staying on top of official notifications and providing you with compliant software before any mandatory compliance date.

Software 195

Software Cyber Security Security Community 195

Abrigo

JANUARY 24, 2024

These failures were primarily brought on by liquidity concerns around bank stability from severely decreased values of bank security portfolios and inadequate equity to absorb the hit. The increase is not only due to the projected rise in problem banks but also in response to three significant bank failures in 2023.

FDIC 195

FDIC Regulation Strategy Data 195

Perficient

APRIL 11, 2023

In the second blog, Client Remediation – Running the Program (Part 2 of 3) , we looked at ways of shortening the length of client remediation programs. Perficient has helped launch, review, and maintain RCSA programs at some of the largest banks in the United States.

Risk Management 275

Risk Management Tools Exercises United States 275

Perficient

JANUARY 28, 2021

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

Data 535

Data Security Software Community 535

Jeff For Banks

SEPTEMBER 29, 2012

Banks have been dragging their feet about blogging since the beginning, rather than embracing the opportunities it offers. What if one of our representative blogged a statement that was used as investment advice by a reader? • What if we fail to issue the proper disclosures? Can the bank be cited for a compliance violation?

social media 67

social media Compliance Guidelines Groups 67

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog.

Fraud 221

Fraud Training Compliance Trends 221

PYMNTS

DECEMBER 23, 2018

The former senior vice president at Mastercard will oversee tZERO’s legal, regulatory, public policy and compliance functions. One’s ambition begins to move outwards,” Armstrong said in a blog post. “I’ve Once a certain level of wealth is reached, there is little additional utility from spending more on yourself.

Bitcoin 164

Bitcoin Compliance Regulation Security 164

Perficient

MARCH 21, 2021

In today’s blog, I’ll show you how you can block downloading of files with sensitive data to unmanaged devices with the use of session policies in Microsoft Cloud App Security (MCAS). Megan is working on a file that has several different Social Security Numbers of different employees at her organization.

Data 520

Data How To Policies Security 520

PYMNTS

DECEMBER 9, 2020

This includes building a governance framework to evolve technical, policy, compliance, security and operational standards for the issuing and use of fiat digital currencies and stablecoins.” .

blockchain 258

blockchain cryptocurrency Analytics Policies 258

Abrigo

JANUARY 17, 2024

Look into wires to and from foreign countries more skeptically,” said Terri Luttrell, Director of Compliance and Engagement at Abrigo. “A The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security.

Training 259

Training Community Software Texas 259

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Read more about the security sessions taking place at Think.

Security 70

Security social media Video Policies 70

CFPB Monitor

OCTOBER 6, 2016

The memo identified four areas of improvement that, unless addressed, would otherwise hamper the CFPB’s ability to accomplish its strategic objectives: Ensuring an Effective Information Security Program. In the wake of the CFPB’s data security enforcement action against Dwolla, Inc. Maturing the Human Capital Program.

Security 60

Security Management Policies Training 60

PYMNTS

FEBRUARY 10, 2020

According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits. Security Boulevard research shows that as of Dec. The potential punishments for non-compliance are steep. Hackers aren’t making compliance any easier.

California 156

California Retail Compliance Data 156