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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227
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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The Safeguards Rule requires financial institutions to have a comprehensive information security program. The proposed rule amendment will more clearly define the requirements for such information security programs.

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Don’t Bite The Phish Hook

PYMNTS

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. Many organizations are introducing new departments to cover digital, mobile and app security.

Mobile 102
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Is Your Mobile Wallet Ready for the Fraud Wave?

American Banker

Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy. As mobile wallets become more popular they'll also become more popular targets for fraud.

Fraud 28
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10 Ways We Make the Cybersecurity Executive Order Actionable

FICO

That said, in reading the text of the order, I was struck by the broad alignment of its goals and directives with the goals, use cases, and specific capabilities that we’ve enabled with the FICO Enterprise Security Score (ESS). But the capabilities of the product and the use cases that it enables are entirely consistent with those directives.

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Prepaid’s Summer Of Uncertainty

PYMNTS

” Fauss emphasized that the National Branded Prepaid Card Association doesn’t stand against regulation – they think it helps everyone if there are clear guidelines the industry operates under. It will just leave consumers who either need – or just reasonably want – another option, out in the cold.

Cards 100
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Analysts Challenge US House Data On SME Cybersecurity

PYMNTS

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. 80 percent of U.K.

Data 101