PYMNTS

JANUARY 29, 2018

For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. But businesses shouldn’t only look at compliance as the key motivator behind adopting GDPR rules. A press release published last week by gov.uk

Cyber Security 112

Cyber Security Survey Regulation Security 112

CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program. Requiring periodic reports submitted to the boards of directors to ensure compliance.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

PYMNTS

FEBRUARY 24, 2020

Understanding the Chinese privacy landscape and its impact on financial operations is critical for FIs and merchants looking to enter the market for two reasons: They will most likely be unable to do so without this knowledge, and they need to be certain they can share the required information with the Chinese government upon setup.

Regulation 160

Regulation Policies Data Compliance 160

SWBC's LenderHub

JANUARY 26, 2017

Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet. However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard.

Industry 60

Industry Security Cards Data 60

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

Insights on Business

MARCH 5, 2019

In addition, protecting your sensitive data and preventing information leakage is becoming more and more challenging. Cyber security is no longer just a problem for the IT department, it is a business risk that affects your entire organization. . New York City. 5:00 – 8:00 PM.

New York City 70

New York City Cyber Security New York Risk Management 70

FICO

SEPTEMBER 18, 2020

Chartis highlights two distinct areas of focus for these solutions – ‘GRC for Cyber’, that focuses on compliance and governance, helping organizations understand their own cyber risk and how to navigate their cybersecurity frameworks. The score is based on billions of cyber risk indicators that are monitored at Internet scale.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

Jack Henry

APRIL 30, 2014

Participate in industry information sharing forums. The following steps are expected of FIs: Maintain an information security program and risk assessment, Monitor Internet traffic to your website in order to detect an attack (establish a baseline so you can easily discern an increase in activity). FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31

Fraud Company Cyber Security United States 31

Payments Source

MAY 29, 2018

But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches. A direct correlation between the chip migration and rampant merchant data breaches is hard to prove.

Data 67

Data Compliance Security Retail 67

Cisco

OCTOBER 4, 2022

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. This blog even as summary is quite long.

Operations 118

Operations Software Risk Management Management 118

FICO

JANUARY 18, 2023

Having worked closely with business leaders in banking and financial services for decades, I have a deep respect for their rigor in achieving regulatory compliance in a multitude of areas. In pondering the regulatory and compliance horizon for 2023, the American Banking Association noted: . The Need to Come Together, Right Now. .

Analytics 52

Analytics San Diego Regulation Compliance 52

Celent Banking

OCTOBER 12, 2016

Cyber risk is typically treated in parallel with other technology risks; the IT department is motivated to focus on securing the vulnerabilities of individual system components and proffers a micro view of security concerns. We continue to prove that the approach of the IT department managing cybersecurity is not working.

Risk Management 100

Risk Management Operations Management Security 100

FICO

DECEMBER 15, 2022

Many of the indicators that would provide information that a third party is taking over the account won’t work for this application, this makes traditional fraud models ill-suited to help combat the scams. Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence. Scott received his Ph.D.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

FICO

JANUARY 4, 2018

They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk. Facilitating engineering, deployment, management and regulatory compliance: “ While text and the process of analyzing it can be quite complex, the results need to be simple to understand and use.

Analytics 55

Analytics Cyber Security social media Analysis 55

NCR

MAY 3, 2016

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. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy. The Turning Point.

Policies 40

Policies Security ATM System 40

Gonzobanker

NOVEMBER 17, 2016

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. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

FICO

AUGUST 4, 2020

Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. One of these sources, that has now been added to the Whistic platform, is FICO’s market-leading Cyber Risk Score.

Security 52

Security Risk Management Cyber Security System 52

Payments Source

NOVEMBER 30, 2018

An invisible payment becomes a lot more visible when it’s compromised, making Marriott’s data breach a threat to one of the most important innovations in retail, which should scare everyone from Uber to Amazon.

Payments 71

Payments Marketing Retail Innovation 71

PYMNTS

MAY 8, 2017

The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. financial institutions, the cost of a single security incident could top nearly $1 million. Further, Kaspersky Lab found that 63 percent of FIs believe regulatory compliance doesn’t necessarily guarantee security.

Data 101

Data US Guidelines Cyber Security 101

FICO

JULY 28, 2020

This is why the cyber insurance market is forecast to grow to $20bn or more by 2025 , as organizations seek ways to minimize risk. However, with a lack of reliable information available to feed into the underwriting process, how can insurance companies find an accurate way to assess the policy buyer’s risk profile? by Doug Clare.

Marketing 69

Marketing Cyber Security Policies Comparison 69

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

Gonzobanker

DECEMBER 22, 2015

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. Information Management Award. Did we hear a whaaaa? Demo Quote.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

JANUARY 5, 2023

The CFPB has collected information from five of the top BNPL companies and issued a comprehensive industry report. For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.

Policies 52

Policies Company Regulation Risk Management 52