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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

Security 195
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Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

It is definitely getting very cluttered. Building on top of the open banking infrastructure, PayDirect is a new payment method that enables companies to take online payments in a highly secure way, and also pay out to customers through the same rails. I mean, how does a piece of plastic have anything to do with online?

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China’s Cyberspace Watchdog Mulls Stricter Online Oversight 

PYMNTS

It said it is striving to protect people’s rights and interests and safeguard national security. The regulator enforces China’s digital censorship rules, but specific definitions weren’t developed when the agency was created in 2000.

Online 171
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Mastercard’s Playbook On Fighting Online Fraud’s Big Surge

PYMNTS

The shift to online commerce in the wake of the coronavirus pandemic is unprecedented. We’re doing more of everything online, especially transacting. Many merchants are trying very quickly to establish themselves with an online presence,” said Quevedo. Hiding In Plain Sight?

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In Online Banking, Spreading The Message Of Secure Messaging

PYMNTS

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. And though the web may offer convenience, it offers not much in the way of security.

Security 101
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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies

Perficient

According to Forrester, critical event intelligence is defined as an “Intelligence that uses real-time data from sources such as social media, blogs, news feeds, online forums, IP addresses, latitude and longitude, and device GPS to assess potential threats from location-specific events, especially for physical risk.”

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D.C. Department of Insurance, Securities and Banking issues bulletin on money transmission

CFPB Monitor

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). The court therefore relied on the common definition of the term “money,” namely a “medium of exchange, method of payment or store of value.” Code §26-1001 et seq.,