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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. Data governance and classification.

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Guest blog post: Protecting yourself online

Abrigo

Sageworks asked Don West, a member of the AICPA''s Information Management and Technology Assurance Section''s CITP Credential Committee the best ways to protect one''s self and business online. --. Do you like getting bombarded with online ads and email obviously based on your recent surfing habits? Do you bank online?

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EMV’s Online Fraud Attack Push

PYMNTS

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

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Q3 Global Fraud Attack Index Data Deep-Dive

PYMNTS

online merchants and how that changes over time, and examines the types, sources and geography of fraud attacks. On Thursday, October 13th at 1:00 PM (EST) , MPD CEO Karen Webster will be joined by Michael Reitblat, CEO of Forter , for a live digital discussion where they will dive into the data from the Q3 2016 Global Fraud Attack Index.

Fraud 100
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Australia’s Toll Suffers Ransomware Attack

PYMNTS

The company said that no personal data was compromised in the cyberattack. . “We We’ll continue to provide updates as we securely bring our systems back online.”. There continues to be no indication that any personal data has been lost as a result of the ransomware attack on our It systems. On Wednesday (Feb.

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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. in 2019.

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Synthetic Identities: From Data Breaches to Auto Loan Fraud

FICO

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

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