PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., Australia and the Philippines are launching inquiries into how Uber handled the data breach.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

NCR

NOVEMBER 8, 2016

With that comes the need to protect the data associated with all types of banking transactions. An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. The Role of the ISO.

Cyber Security 63

Cyber Security Security Risk Management Training 63

American Banker

DECEMBER 14, 2020

It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A proposal to be unveiled this week could establish a more specific notification deadline.

Regulation 69

Regulation Report Data Cyber Security 69

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

FICO

AUGUST 8, 2022

2022 Data Science and AI Predictions Revisited. Within my AI predictions for the year, interpretable machine learning (ML) models have surprised me by garnering greater awareness from data science leaders. One of my favorite things to think about is my annual data science and artificial intelligence (AI) predictions blog.

Data 96

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PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. as they upgrade their online data and financial rules to support global digital banking innovations. The implications of upgraded privacy and data transparency are even more important when looking at the financial industry. “The

Regulation 160

Regulation Policies Data Compliance 160

Cisco

JUNE 7, 2022

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.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. The movement is being spurred on by the country’s young people, who have inexpensive smartphones and discretionary income with better data connectivity. .

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). 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. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. There are several ways heightened data management can yield more effective risk mitigation , Hazeltree noted.

Big Data 119

Big Data Data Risk Management Compliance 119

PYMNTS

JANUARY 7, 2020

s National Cyber Security Centre (NCSC) and regulators with the Financial Conduct Authority were already looking into the cyberattack, with the NCSC saying it would work closely with law enforcement. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

Cyber Security 130

Cyber Security Online Retail National 130

American Banker

OCTOBER 8, 2020

The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.

Data 93

Data Regulation Company Cyber Security 93

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

Cyber Security 122

Cyber Security Security Cards Resources 122

Payments Source

AUGUST 6, 2020

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.

Capital 80

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American Banker

AUGUST 6, 2020

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.

Capital 89

Capital Data Regulation Cyber Security 89

Qudos Bank

FEBRUARY 15, 2024

These include: real-time transaction alerts, cyber security practices such as firewalls automatic time-outs and access codes for extra layers of protection. The Australian Prudential Regulation Authority (APRA) provides a list [5] of all Authorised Deposit-taking Institution (ADI), and their trading names covered by the scheme.

Cyber Security 52

Cyber Security Fraud Security Online 52

PYMNTS

DECEMBER 20, 2017

CoinDesk reports said the firm will use smart contract and blockchain technology created by Symbiont to streamline data aggregation from the Center for Research in Security Prices at the University of Chicago’s Booth School for Business. Many firms have been craving for a jurisdiction to regulate them.”.

blockchain 135

blockchain Cyber Security Groups Regulation 135

CFPB Monitor

MARCH 8, 2019

The proposed rule amendment will more clearly define the requirements for such information security programs. The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

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PYMNTS

DECEMBER 18, 2018

But there remain concerns about how well that mobile network technology will protect consumer privacy and security — and that may prove significant going into 2019, given the increased focus on data protection. 5G Security Products. So, what will work best to protect 5G and the security of consumer data and privacy?

Security 143

Security Mobile Technology Cyber Security 143

FICO

OCTOBER 26, 2022

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. And what data drives these AI outcomes? The march toward AI regulation in the United States, now kicked off with the AI Bill of Rights, is a familiar pattern. FICO Admin.

Handbook 52

Handbook Analytics San Diego Regulation 52

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

Data 40

Data Security System US 40

American Banker

JULY 28, 2023

The new rule sets a nationwide standard for disclosing all "material" breaches within four days — much sooner than many state-level disclosure rules.

Data 69

Data Cyber Security Security Technology 69

PYMNTS

SEPTEMBER 26, 2017

Securities and Exchange Commission (SEC) announced it is launching two enforcement initiatives to boost efforts to address cyber threats and protect retail investors. The move comes in the wake of the massive Equaifax hack, which exposed the personal data of 143 million Americans.

Cyber Security 115

Cyber Security Retail Security Groups 115

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. ” Progress?

Cyber Security 40

Cyber Security Payments Security Regulation 40

PYMNTS

SEPTEMBER 22, 2017

The National Bank of Canada, the sixth largest lender in Canada, has become the latest high-profile firm to announce a data breach. Reuters reported people may have been able to see other customers’ data when filling out an electronic form on the bank’s website.

National 123

National Security Data Software 123

FICO

DECEMBER 1, 2022

But the reality is, Generative AI isn’t a new technology; my data science organization at FICO has been using it for several years in a practical way to generate synthetic data , and to do scenario testing as part of a robust AI model development process. Where Practical AI Lives: The Corpus AI.

Analytics 98

Analytics Phoenix San Diego Tools 98

Payments Source

NOVEMBER 28, 2018

The comments by Brent McIntosh, Treasury's general counsel, are at odds with concerns by state regulators and consumer groups who fear that a national standard on how firms handle data breaches could weaken pre-existing rules.

National 63

National Regulation Groups Data 63

Qudos Bank

MAY 11, 2023

These include: real-time transaction alerts, cyber security practices such as firewalls automatic time-outs and access codes for extra layers of protection. The Australian Prudential Regulation Authority (APRA) provides a list [5] of all Authorised Deposit-taking Institution (ADI), and their trading names covered by the scheme.

Cyber Security 40

Cyber Security Fraud Security Online 40

SWBC's LenderHub

JANUARY 26, 2017

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. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

FICO

JUNE 9, 2022

I’m proud of the innovation FICO’s data science organization continues to infuse into our solutions, and am excited to blog about the two new AML Scores. Because supervised models depend critically on the quality of outcome data, this diminishes the value of these models due to data quality issues on correct identification of SARs.

Analytics 52

Analytics San Diego Cyber Security Data 52

PYMNTS

NOVEMBER 13, 2017

The issue specifically affects a multi-signature wallet that was issued after July 2017; any ICOs that used Ethereum after that data could be impacted. I think that in the regulated area … we ought to be looking at the implications of the growth of FinTech … I think we ought to be looking at cyber[security], obviously.”.

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

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. Data governance and data management. Resilience.

Operations 118

Operations Software Risk Management Management 118

American Banker

MAY 19, 2022

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Report 101

Report Data Cyber Security Compliance 101

FICO

DECEMBER 21, 2018

It’s an understatement to say that 2018 was a year of blockbuster data breaches : Facebook, Marriott, Ticketmaster and British Airways, to name just a few. Here are three ways they’ll work to cure their cyber insecurity. I’ve long thought that securing services through biometric credentials is, at best, a flawed notion.

Cyber Security 40

Cyber Security Comparison Policies Data 40

FICO

JANUARY 4, 2018

In this post, he discusses some of the special circumstances around using AI and machine learning to assess credit risk, a highly regulated field. They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk. Read the full post.

Analytics 55

Analytics Cyber Security social media Analysis 55