PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. Those countries have high-speed Internet, widespread Internet penetration and not a lot of security infrastructure in place We see a pattern among the attackers.

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PYMNTS

JUNE 16, 2020

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.

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US Cyber Security Security National 227

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Insider risk.

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PYMNTS

DECEMBER 18, 2020

Bitcoin is a popular example. Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns in the CVC market and aims to close the gaps that malign actors seek to exploit in the record-keeping and reporting regime.

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Bitcoin US Regulation cryptocurrency 354

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

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Compliance Security Software System 332

PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. In another example, the Fed is working with MIT to look into ways to implement digital coins into the infrastructure.

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PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In one example, the owner of Pilatus Bank, and its former chairman, have been charged with evading sanctions against Iran, using Venezuelan businesses as a conduit to send $115 million to Iranian firms. Looking beyond the U.S.,

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National California Regulation United States 100

PYMNTS

DECEMBER 18, 2020

The National Restaurant Association ’s initial 2020 outlook was bright, as it projected sales just shy of $900 billion. The past year has been — by almost any measure — one of the hardest ever for the restaurant industry, with the ongoing pandemic hurting few sectors more than hospitality and dining.

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Fraud Trends Security social media 229

PYMNTS

APRIL 5, 2016

In the recent instance of the XSS security vulnerabilities that befell the online shopping cart Zen Cart, for example, the company acted quickly to solve its own problem. But the fact is that things don’t always sort themselves out, effectively, in the retail security game. Sometimes, that assumption is accurate.

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Retail Security Data United States 100

Perficient

JUNE 25, 2024

In time, computers took on a more active role, not only providing information but also assisting and guiding traders’ actions, supporting faster execution and more complex strategies.

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Case Study Risk Management Analysis Innovation 221

South State Correspondent

APRIL 10, 2023

Most agree that attempt to fair value certain financial instruments would still not approximate the settlement of that instrument between a motivated buyer and seller – for example, there are many unpredictable or unknown factors to be able to value instruments like loans and deposits.

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Community Bank Community Security Capital 195

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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cryptocurrency United States Security Bitcoin 241

South State Correspondent

JULY 7, 2024

Liquidity Option: An example of a liquidity option is the depositor’s ability to withdraw funds without cost or for cost representing less than the option value. This example of a two-way asymmetrical liquidity option is common at most banks, and this was the primary cause of several high-profile bank failures in 2023.

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Lending Community Bank Community Exercises 195

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

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Fraud Cards Security National 169

PYMNTS

OCTOBER 9, 2020

On the global stage, too, digital currencies should be fungible with one another – a dollar, for example, is worth 0.9 The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”.

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National Examples Boston Course 175

South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

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How To Capital Strategy Lending 195

PYMNTS

NOVEMBER 14, 2016

Some national and regional markets are more willing to accept AR than others. Businesses worldwide cited insufficient ROI, security concerns, lack of budget and lack of knowledge as the top barriers to adopting AR. Ninety-four percent of African businesses are concerned about AR security, for example.

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Security Regional Data Examples 100

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. For example, with respect to economic sanctions against Iran, OFAC is keeping a close watch on the petrochemicals and metals industries.

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United States Compliance Strategy National 195

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”.

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cryptocurrency Bitcoin US Security 205

PYMNTS

DECEMBER 3, 2018

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches. For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017.

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Policies Virginia Security National 184

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

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How To National Data Fraud 205

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

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Regulation Data Regional Examples 175

PYMNTS

DECEMBER 11, 2020

As the new Digital Identity Tracker® states, “about 40 million bank customers in Thailand are expected to register for digital identity authentication under the country’s National Digital ID (NDID) program, which was recently expanded to more financial service providers.

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Video Security National Digital Banking 204

PYMNTS

APRIL 3, 2020

“In crisis times, this agreement is a good example of strong cooperation between central banks in Europe,” Lagarde said in a statement. Our real-time settlement platform is a pivotal contribution to Europe’s endeavors to satisfy citizens’ increasing demand for faster, cheaper and convenient payment services without compromising on security.”.

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Payments National Policies Community 187

PYMNTS

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. Senders could receive complaints from receivers that payments did not arrive on time, for example, but the former would be left in the dark about what caused the issue.

Technology 193

Technology Payments Security Survey 193

PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. For example, depending on how the decision is applied, the ruling could be an expensive one. Security standards fragmentation and differences in how hospitals handle patients’ data have become more evident during the health crisis.

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Data US Regional Resources 212

PYMNTS

AUGUST 11, 2020

Along with the security benefits, Kount’s product will also ensure “marketing campaign efficiency and conversion,” the company added. One of the largest national insurance companies we work with has seen a 10-times return on investment in working with Kount for fraud prevention,” said Vik Dhawan , vice president of product at Kount.

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Fraud Industry Idaho Customer Experience 234

Perficient

APRIL 2, 2021

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. For example, an AI approach might be used to complement and provide a check on another, more traditional credit model.

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Regulation Industry Risk Management Analysis 309

PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The banking sector has always been driven by technology, said Maniati, and the cloud can help underpin that resilience.

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Data Regulation National Examples 317

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. government business.” government business.” A report released last year from the U.K.’s

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Analysis Security National Strategy 154

PYMNTS

APRIL 17, 2018

When we see malicious cyber activity, whether it be from the Kremlin or other malicious nation-state actors, we are going to push back,” said Rob Joyce, the departing White House cybersecurity coordinator. Officials in both the U.S. Officials in both the U.S. Neither specific victims nor details of the attack were released.

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US Cyber Security United States National 116

PYMNTS

JULY 1, 2020

Additional steps may be necessary to properly segment and secure bank networks if employees use personal devices to connect to bank systems,” the OCC wrote. As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S. banking system. banking system. “I

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Compliance National Fraud Operations 166

PYMNTS

DECEMBER 5, 2019

Users demand both ironclad security and seamless login experiences, and biometrics are being incorporated into hardware solutions to meet these desires. Apple’s latest iPhone offerings employ biometric unlock features, for example, with the iPhone 8 providing fingerprint recognition, and the X and 11 models enabling facial-scan analysis.

North Carolina 142

North Carolina Security System Fraud 142

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. Sweden’s central bank, Sveriges Riksbank, is the newest financial institution (FI) to connect to TIPS, for example.

Payments 344

Payments Policies Guidelines National 344

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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cryptocurrency Innovation DC National 146

PYMNTS

JANUARY 10, 2019

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Right now, Whole Foods has about 470 stores around the nation – which isn’t much considering the proliferation of Walmart and Kroger stores, but it now has the capital to expand into previously unreachable areas, like Montana.

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San Antonio Tulsa Milwaukee Montana 213

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. Social Security numbers. A major factor in this decline has been the rise of improved authentication and security systems at banks like Axis.

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Video Fraud Digital Banking System 205