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Today’s Cyber Risk Management

Cisco

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Where does the vendor operate (e.g.,

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Operational risk a main 2015 concern for OCC

ABA Community Banking

National bank examiners to focus on tech, cyber security controls Risk Management Operational Risk. 1Risk Management'

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Hackers Employed By China Infiltrate Norwegian Software Company Visma

PYMNTS

Espen Johansen, Visma’s operations and security manager, said he is confident that none of its customers’ networks were accessed. Chichester said that with companies hardening their defenses for cyber attacks, the hackers are turning to suppliers to get into corporate networks.

Software 123
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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Risk Management. AI may be used to augment risk management and control practices. Credit Decisions.

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Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. Hospitals shut down in Europe. Similarly FedEx Corp., Similarly FedEx Corp.,

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Singapore Reforms Laws For FinTech Push

PYMNTS

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. . Singapore is preparing for a FinTech revolution.

Fintech 101