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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

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Europe sees 3D Secure 2.0 as compliance tool, but U.S. firms want it too

Payments Source

The question of upgrading to 3D Secure 2.0 authorization is relatively easy for European e-commerce merchants, since it's a straightforward way to comply with part of PSD2, the revised Payment Services Directive.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

as they upgrade their online data and financial rules to support global digital banking innovations. The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 he remarked.

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FICO Named Category Leader for Cyber Risk Quantification

FICO

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.

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Top Fraud Issues for Telecommunications: Survey Results

FICO

However, new job roles that are being created sit within digital areas such as IoT, online digital security and cyber security, suggesting that some preparation is happening for identifying and addressing new risks.

Survey 52
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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Tech and Finance

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
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Behavioral Analytics Attack Fraud, Cyber and Financial Crime

FICO

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . How do behavioral analytics work? .