China Creates National Cyberattack Database
PYMNTS
SEPTEMBER 14, 2017
China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.
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PYMNTS
SEPTEMBER 14, 2017
China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.
Bank Innovation
JULY 27, 2016
National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit of Read More. It might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site.
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PYMNTS
JANUARY 23, 2020
New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. The news means that Chinese 5G provider Huawei Technologies could be affected. . has also expressed concern. 29, and outline the steps moving forward.
PYMNTS
JULY 9, 2020
A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. and Texas-based lobbying group Global Semiconductor Alliance , which works with semiconductor and technology companies.
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.
PYMNTS
OCTOBER 24, 2019
The Association of National Numbering Agencies ( ANNA ) announced the launch of a new task force that will look into the identification of digital assets. In other news, Commerzbank , Deutsche Börse and MEAG revealed that they successfully completed the settlement of a legally binding secondary market securities transaction via tokens.
PYMNTS
NOVEMBER 7, 2019
Many expanding technologies raise ethical implementation concerns, and digital ID’s extraordinary potential means coordinating clear and internationally accepted guidelines is increasingly necessary. Proposed ethical guidelines. as a guideline. Ethical problems facing digital ID. Ethical digital ID success stories.
PYMNTS
DECEMBER 18, 2020
The National Restaurant Association ’s initial 2020 outlook was bright, as it projected sales just shy of $900 billion. Social distancing guidelines, stay-at-home orders and mandated dining room closures around the U.S. slowed restaurant traffic to a trickle, however, resulting in just $659 billion in revenue by year’s end.
PYMNTS
MAY 27, 2020
CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs. Developments From Around The CU Ecosystem.
PYMNTS
APRIL 7, 2017
A bill that would encourage SMEs to follow cybersecurity guidelines is making its way through Congress as an addition to existing legislation encouraging the same of large corporates. They’re really relying on themselves to update their software and check for security patches.”
PYMNTS
OCTOBER 14, 2019
Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. Part of the problem is that money laundering controls are easier for fraudsters to anticipate than security measures for other cybercrimes.
PYMNTS
SEPTEMBER 16, 2019
to come up with a national privacy law were stymied. CEOs, is asking Congress to pass a comprehensive consumer data privacy law that establishes a national framework and strengthens protections for consumers. Previous efforts for the U.S. This week, however, the Business Roundtable, an organization comprised of top U.S.
PYMNTS
SEPTEMBER 11, 2019
According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce.
PYMNTS
AUGUST 28, 2019
That improvement can come as the gains may be seen across digitalization and networking efforts and China’s financial technology can be at the “international leading level.”. Fujitsu has noted that there has been a shortage of data specialists that can provide credit analysis in the country.
BankBazaar
MAY 22, 2020
Airlines will resume operations from May 25, but with no vaccine in sight and the number of COVID-19 cases spiralling out of control, travel has come to a standstill for nations across the world. Cabin crew and pilots will will be wearing full body PPE including body suit apart from security staff from CISF. One thing is for certain.
PYMNTS
SEPTEMBER 3, 2019
As blockchain continues to make inroads into supply chain tracking, various companies in the food and produce industry have been leveraging distributed ledger technology (DLT) to source and monitor “farm-to-table” activity. Shipment Tracking. The TradeLens support in Thailand comes as a result of the country’s Thailand 4.0
PYMNTS
NOVEMBER 2, 2020
Persuaded by the resilience of online business versus brick-and-mortar counterparts during COVID’s first wave, consumers’ payments preferences combined with ongoing infection fears catapulted a selection of digital technologies into the lives of millions for the first time.
PYMNTS
APRIL 30, 2018
Understanding that the brave new world of connectivity also creates a set of challenges, the European Commission has begun outlining guidelines for companies in the space and promoting heightened cybersecurity to keep citizens’ personal data safe. Enforcement of GDPR laws will fall to the Data Protection Authorities (DPAs) across the EU.
Tomorrow's Transactions
JULY 26, 2016
Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. Anyway, the point is that the internet isn’t secure. I saw Charles Brookson, the head of the GSMA security group, make a very interesting point recently.
NCR
APRIL 23, 2018
The implementation of the EU’s Second Payment Services Directive, better known as PSD2, is now complete, with all countries within the bloc required to have enacted its provisions into their national law as of January 13th this year. Ensuring strong customer authentication. Reducing fraud in an open banking environment.
PYMNTS
AUGUST 10, 2017
The more individuals leave a trail of information across websites, the more tempting the targets are for hackers to make off with everything from Social Security numbers to health care information. Your security question with your dog’s name? That old password you have? The one referencing your favorite Journey song?
NCR
AUGUST 18, 2017
Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector.
PYMNTS
AUGUST 29, 2018
Anytime an EU citizen relocates to a new member nation, they have to start over with establishing their digital identity. The regulations do not come with any specific technology recommendations, but do come with guidelines for time stamping, electronic seals, electronic delivery and website authentication.
FICO
APRIL 10, 2019
Based on the observations of thousands of businesses scored for the ABC, FICO and the Chamber offer six recommendations for cyber risk management that can help organizations improve their security posture and better protect sensitive data. They also likely will have multiple security teams interfacing with the engineering groups.
FICO
NOVEMBER 1, 2016
Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections.
Javelin Strategy & Research
MARCH 13, 2015
That changed last fall with the announcement of Apple Pay, which secured fingerprint authentication a prominent place in financial markets. More recently, USAA rolled out national use of facial and voice biometrics for their mobile app with truly impressive participation.
Money and Payments
AUGUST 14, 2023
The consequence of this construct is similar as that for the Second Payment Services Directive and the European Data Protection Board has in 2020 stipulated in its guideline that for these uninvolved third party data, called 'silent party' data, controllers need to take serious precautions. What is the risk of this regulation?
Money and Payments
AUGUST 8, 2023
The consequence of this construct is similar as that for the Second Payment Services Directive and the European Data Protection Board has in 2020 stipulated in its guideline that for these uninvolved third party data, called 'silent party' data, controllers need to take serious precautions. What is the risk of this regulation?
Lex Sokolin
JUNE 24, 2019
Urban planning comes with zoning and design guidelines, built through open political process, to make sure that things fit into the built environment and do not aggravate locals. a key pillar and enabler of the Nation State for centuries?—?puts A utopian borderless nation with its own currency could be successful?—?but
PYMNTS
AUGUST 7, 2019
Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government. Any lapse in governmental security could have much farther-reaching effects. The National Strategy for Trusted Identities in Cyberspace.
PYMNTS
AUGUST 16, 2019
Remittances to developing nations continue to grow, which has spurred many global markets to pursue efforts to enable more efficient cross-border payments. World Bank data shows that remittances to low- and middle-income nations reached a record high last year, with migrants sending $529 billion to their home countries.
PYMNTS
MAY 8, 2017
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.
PYMNTS
DECEMBER 17, 2019
HSBC has announced an expanded partnership with Open Banking technology firm Bud in its latest Open Banking initiative, a according to a press release. Australia’s UBank, meanwhile, announced a collaboration that reports in Which-50 said “lay[s] the groundwork” for the nation’s embrace of Open Banking.
Abrigo
OCTOBER 19, 2016
A recent study by Hinge Research Institute in association with the National Association of Certified Valuators and Analysts offered several ideas for growing your valuation practice. Each of the guidelines has to do with making sure prospective referral sources and prospective clients know about you and your expertise. Vereecke, CPA.
CB Insights
FEBRUARY 19, 2019
As AI technology advances and seeps deeper into our daily lives, its potential to create dangerous situations is becoming more apparent. AI technology could be impossible to control. We cannot regulate technology that we cannot predict. A Tesla Model 3 owner in California died while using the car’s Autopilot feature.
PYMNTS
NOVEMBER 26, 2019
But there are some early success stories, Prideaux noted, particularly in China, which can offer some guidelines on large-scale mobile payments ignition and its path to global scale in the next decade. The state of play remains too much in flux in too many parts of the world. The Power Of A Green Field — And An Emerging Need.
PYMNTS
SEPTEMBER 17, 2019
Seemingly every facet of crypto trading is under scrutiny, from security to taxation to how various digital coins change hands, when and where. Those guidelines mandate that if a transaction is worth more than $1,000, parties tied to crypto transactions must be identified. billion of that market cap.
Jeff For Banks
MARCH 29, 2014
It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We are primarily a secured lender, with our greatest concentration of loans in Texas. In preparation for meetings, I frequently read 10k''s.
CB Insights
JULY 23, 2020
In this report, we dive into some of the technologies that will help address these concerns and influence the future of the office space, from autonomous cleaning solutions to people-counting sensors. Companies will have to look to guidelines from local and national authorities for each office location. Conclusion.
Tomorrow's Transactions
JULY 13, 2016
Now, I hate to say it, but this is one of the few news stories that I have seen recently that actually points out a genuine use case for shared ledger technology and as far as I can see (from my single source of truth, my Twitter feed) no-one picked this up. From Flying blind | The Economist. From Flying blind | The Economist.
FICO
AUGUST 27, 2018
regulators to develop a system similar to a regulatory sandbox, establishing a national data security and breach notification standard and calling for the rescission of the Bureau of Consumer Financial Protection (BCFP) payday/small dollar lending rule. Below, I highlight a few items in the report that may have gone under the radar.
FICO
JANUARY 5, 2023
The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.
PYMNTS
DECEMBER 7, 2018
“That’s why we must ensure that the United States is at the forefront of protecting consumers and the financial well-being of virtual currency investors, while also promoting an environment of innovation to maximize the potential of these technological advances,” the lawmakers said. Their bills come a few months after U.S.
PYMNTS
JANUARY 6, 2020
The rules go into effect Monday, and require companies that export some types of geospatial imaging technology to apply for a license to send it overseas, with the lone exception being to Canada. The need for this was for economic and security reasons, especially as related to rivals like China. billion by 2023.
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