Perficient

FEBRUARY 27, 2024

Platform Modernization: Enhancing Efficiency Across the Value Chain Organizations are actively embracing artificial intelligence (AI) and cloud technologies to streamline operations and gain insights. Leveraging cloud technology for streamlined operations and enhanced scalability.

Trends 221

Trends Industry Operations Customer Experience 221

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1 In addition, the agency accused online rewards website ClixSense operator James V.

Security 134

Security Data Compliance Operations 134

PYMNTS

JUNE 6, 2019

Fortune 500 company Tech Data left a server with access to customer and billing data unsecured, and it was compromised by security researchers, according to a report by TechCrunch. The server in question was operating a database that was used to log company events for its StreamOne Cloud service.

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Data Samsung Security System 115

PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. And lastly, it will be critical to continue to innovate in a way that is still safe and secure. when businesses or consumers need to deliver or receive goods, she said.

Operations 349

Operations Payments Industry Management 349

PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” 25) that the personal information of one million or more U.K. Facebook got hit with a $644,600 fine in the U.K.

social media 134

social media Data Security Report 134

PYMNTS

SEPTEMBER 23, 2019

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Two users said they were trying to update their payment information when another person’s information popped up in the information box.

Apple 193

Apple Security Report Payments 193

CFPB Monitor

OCTOBER 7, 2015

Like the 2014 list , one of the challenges identified by the OIG is the need to ensure that the CFPB has an effective information security program. The OIG identified four high-priority security risk areas for CFPB improvement: Continuous monitoring to assess security controls and system configurations.

Security 60

Security Training Resources System 60

CFPB Monitor

OCTOBER 6, 2016

The memo identified four areas of improvement that, unless addressed, would otherwise hamper the CFPB’s ability to accomplish its strategic objectives: Ensuring an Effective Information Security Program. In the wake of the CFPB’s data security enforcement action against Dwolla, Inc. Maturing the Human Capital Program.

Security 60

Security Management Policies Training 60

Bobsguide

MARCH 30, 2022

the global leader in multibank connectivity and communications, has announced the hire of Bernhard Kaiser as the firm’s new Chief Information Officer. Kaiser will manage Fides’ information technology strategy and execution, focusing on innovation to meet the changing needs of the market. “I Fides Treasury Services Ltd. ,

Leadership 60

Leadership Strategy Innovation Operations 60

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. SonarQube Security Scan Result.

Compliance 332

Compliance Security Software System 332

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

PYMNTS

OCTOBER 2, 2018

Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 According to reports, Tanium addresses security friction within businesses caused by a disparate security strategy.

Security 134

Security California Data Compliance 134

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. The need to secure open banking has only grown as financial criminals have stepped up to exploit disruptions caused by the COVID-19 pandemic, he added.

Security 174

Security Fintech Data Fraud 174

PYMNTS

JANUARY 25, 2019

PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security. Visit our News and Trends section for more information on the impact of PSD2. What’s N ew In PSD2. Eighty percent of U.S. PSD2 And The Future Of Travel Payments. Read more by downloading the Tracker.

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Operations Regulation Data Trends 195

PYMNTS

AUGUST 20, 2020

The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech. 19) report on news site Information Security stated, in part: “Diachenko first contacted Deep Social using the email address listed on its website to disclose the exposure. .”

social media 285

social media Data Security Operations 285

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

MAY 13, 2019

Commonplace operations such as food trucks and nonprofits are using these products, as are furniture restoration merchants and even buskers. These small entities are seeking to win trust despite not being established brands, but customers will only feel safe if they’re confident that their payment information will remain secure. .

Security 123

Security Cards Branding Payments 123

PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage. The Value In Quick Responses .

Operations 156

Operations social media Online Survey 156

PYMNTS

APRIL 1, 2020

As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Tridico said he notified authorities about the incident, which has brought into question the security of the country’s online infrastructure as it grapples with the COVID-19 crisis. “In

Security 141

Security National Report Retail 141

Perficient

JULY 14, 2020

You have an application you use daily for operations, but when it comes down to clicking that submit button, you need that extra piece of information to make your decision. What if that data came to you, was governed, and secured? Just hover over their name and see that information. We’ve all been there.

Data 461

Data Regional System Meeting 461

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187

National Security cryptocurrency US 187

Perficient

JANUARY 31, 2022

Firms that implement security solutions that customers understand and appreciate will improve the overall customer experience as well as reduce operational risk. Information security is complex, never ending, and daunting. The Crypto.com hack exposes shortcomings of multi-factor authentication.

Security 294

Security Risk Management Knowledge Base Customer Experience 294

PYMNTS

FEBRUARY 17, 2017

In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. According to Verizon, outside of the U.S.,

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Operations Portland Management Analytics 100

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Empowers banks with actionable insights, enabling faster and more informed decision-making processes.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

Fraud 157

Fraud Security Regulation cryptocurrency 157

Cisco

NOVEMBER 16, 2020

Ways to leverage IoT sensors, and networking & security solutions for remote work & branch ATMs. Secure and compliant remote work enablement. Aligning employee video conferencing and collaboration use with your security, risk, and compliance requirements. Create the Next Generation Agile, Secure and Intelligent Campus.

Security 138

Security Compliance Video ATM 138

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. Their customers are able to initiate payments from their accounts directly from third-party apps and websites, and to share transaction and balance information with third parties. Maintain transparency of operations of the IT systems.

Fraud 188

Fraud Security System Payments 188

PYMNTS

JULY 18, 2018

Chef’d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. Executives tried to secure new funding from private investors and banks, but nothing came of the negotiations. Chef’d was an early player in selling boxed meals both in stores and via the Internet.

Operations 100

Operations Chicago Analysis Branding 100

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. Their customers are able to initiate payments from their accounts directly from third-party apps and websites, and to share transaction and balance information with third parties. Maintain transparency of operations of the IT systems.

Fraud 186

Fraud Security System Payments 186

PYMNTS

JANUARY 10, 2021

10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved. The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Our core functions remain sound and operational.".

Cyber Security 202

Cyber Security Security System Operations 202

PYMNTS

APRIL 24, 2017

McGurk agreed, noting why the first lesson of information security — the first consideration before one gets to technology or process — is humility. You can’t get overconfident in information security,” he said. We have third parties and internal audits that are performed against various security processes each year.

Security 115

Security Data Compliance Training 115

PYMNTS

FEBRUARY 14, 2019

The company said the hackers weren’t able to steal any credit card numbers or passwords, and added that it has hired forensic security experts to determine how the hackers got access. The hack comes just a few days after some of OkCupid’s users reported that their accounts were hacked, something the online dating operator denied.

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Meeting Data Report Online 122

PYMNTS

AUGUST 9, 2019

In other security news, phone numbers can provide a treasure trove of information about a consumer who is trying to open an account with an online merchant, onboard to an online service or sign up for a new banking account. Merchants are scrambling as the strong customer authentication (SCA) deadline looms. All this, Today in Data.

Security 116

Security Fraud Data Online 116

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. And to that end, we’ve seen growing engagement and co-operation across the industry.”. This means that permissions don’t have to be given repeatedly for the same information to be exchanged over and over again.

Compliance 192

Compliance Security Payments Community 192

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 93

Operations System Groups Technology 93

PYMNTS

SEPTEMBER 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. The EOS network recently took the top spot in an evaluation of blockchain networks by China’s Ministry of Industry and Information Technology (MIIT), CoinDesk reported.

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Security cryptocurrency blockchain Bitcoin 186