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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

Requiring periodic reports submitted to the boards of directors to ensure compliance. The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Alipay, China’s “Global Lifestyle Super App,” is definitely on Cornerstone’s radar.

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The 2015 GonzoBanker Awards

Gonzobanker

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. FFIEC’s Cyber Security Self-Assessment Tool. And definitely include a meme. Did we hear a whaaaa?