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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Indian Gov’t Drafts Plan For National Blockchain Applications

PYMNTS

India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework. India has been embracing blockchain technology.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity.

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Today’s Cyber Risk Management

Cisco

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

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4 considerations for banking leaders concerned about cyber security

NCR

With that comes the need to protect the data associated with all types of banking transactions. Cyber security leaders need to move beyond the offices of the IT department and engage in regular and structured interactions with the CEO and other executive leaders. Cyber Incident Response Plan.

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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

RuPay is a payment network offered by National Payments Corp. The movement is being spurred on by the country’s young people, who have inexpensive smartphones and discretionary income with better data connectivity. . The new regulation went into effect on Jan. The fine for non-compliance is going to be ?5,000

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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain. The bank made the announcement on its website on Nov.