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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. Systems and network security.

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4 considerations for banking leaders concerned about cyber security

NCR

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. Evaluation of Risk.

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Internet Pin Debit: How It Can Protect Your Borrowers

SWBC's LenderHub

Security breaches are a perpetual part of our technologically advanced society. As a lender, you are tasked with meeting your borrowers’ needs for convenient online payment processing technology, while still ensuring the platform is secure. Risk Management Loan Payment Technology Fraud/Cyber Security'

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FICO Named Category Leader for Cyber Risk Quantification

FICO

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

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Synthetic Identities: From Data Breaches to Auto Loan Fraud

FICO

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. Financing Cars with Synthetic Identities.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. Online Lending. Online lender OnDeck also reported a mixed bag of earnings on Monday. Fizzle and fail.

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