Remove Cyber Security Remove Data Remove National Remove Regional
article thumbnail

Four Steps for Managing Third-Party Cyber Security Risk

FICO

regions, cloud)? What data is shared with the supplier? The first step is determining whether additional information is needed to assess cyber risk. Here, the firm may elect to set a score threshold — or a set of thresholds based on categorization and impact — to determine whether additional data is required.

article thumbnail

Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations. The law is still ambiguous.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise. Approximately 35 percent of the data thefts were from website breaches, and 22 percent were from cyber espionage. According to the Ponemon Institute , the cost of cyber attacks rose to $20.8

article thumbnail

Can Pacific Trade Deal Be Fixed to Banks' Liking?

American Banker

Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.

Data 42
article thumbnail

What Makes Up-and-Coming Tech Firms Bankable?

American Banker

Distinct business plans in promising areas such as smart use of consumer data, cybersecurity and content creation, according to Bank of America Merrill Lynch commercial banking executive Scott Olmsted. And that is just the beginning of his list.

America 28
article thumbnail

F.N.B. Hires FirstMerit Vet as Security Chief

American Banker

in Pittsburgh has recruited an executive from the recently sold FirstMerit Bank to spearhead its data-security efforts.

article thumbnail

Bring on the Bots

American Banker

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.