PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The initiative will be powered by INFORM’s RiskShield, an advanced risk evaluation solution. “Our

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Payments Compliance Fraud User Experience 130

Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.

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Online Security Resources Training 221

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Since its creation, the Cybersecurity Framework has continued to offer updates and guidance on best security practices. The solution?

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Regulation Security System New York 124

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities. The Amendments contain three significant changes relating to ransomware.

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Regulation Cyber Security New York Trends 147

PYMNTS

MARCH 22, 2019

Matsei Technologies & Consulting and enterprise application solutions provider IFS have teamed up on one such digital farming option, hoping to encourage better food security in countries like South Africa. Congress have released rules to help regulate IoT data security. Read more about his recent interview in the Tracker.

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Regulation Security Data Industry 189

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Here again, trust is the heart of the matter.

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Compliance Regulation Payments Study 198

PYMNTS

APRIL 16, 2019

In the April Intelligence of Things Tracker , PYMNTS explores the latest security efforts from providers to crack down on fraud, and the emerging use cases where IoT tech can be applied — if consumers are willing to give it a chance. While security concerns remain, the IoT market is continuing to expand.

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Regulation Data Nevada blockchain 204

PYMNTS

FEBRUARY 6, 2020

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters.

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Security Regulation Report Company 180

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Credit Decisions. Cybersecurity.

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Regulation Industry Risk Management Analysis 309

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. But please, don’t get cocky.

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Regulation blockchain Marketing Strategy 178

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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Regulation Data Regional Examples 175

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used.

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Regulation Security Data Course 234

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

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Compliance New York Regulation Analysis 221

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.

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New York Compliance Regulation Analysis 221

PYMNTS

AUGUST 29, 2017

Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are put in place. Regulators in China are mulling if they should ban ICOs altogether or just until the country has more stringent regulations in place. million raised from roughly 105,000 individuals.

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Perficient

MARCH 30, 2023

However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others. Security Traditionally, information was said to be most secure when separated and segmented.

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Training Security Data Regional 492

PYMNTS

MAY 22, 2020

Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources told MoneyControl.com. We have received similar information requests in the past on other transactions we have undertaken.

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Regulation Report Security Operations 181

PYMNTS

NOVEMBER 10, 2020

Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. The release says Phixius has also officially completed its first information exchange transaction between two parties.

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Security Fraud Customer Experience blockchain 181

PYMNTS

FEBRUARY 16, 2020

Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg , and he wants it to be regulated accordingly, The Wall Street Journal reported. And in comments made last March, he said he believes more regulation is needed on social media companies.

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Guidelines Regulation How To social media 131

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Lithuania wants to become a global FinTech powerhouse. Resuming Operations.

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Compliance Regulation Fintech Resources 182

PYMNTS

SEPTEMBER 22, 2017

21) that a glitch on its website may have exposed the personal information of more than 400 of its customers. The report noted that addresses, social insurance numbers and banking information were not among the customer information disclosed due to the glitch.

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National Security Data Software 123

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

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Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

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New York cryptocurrency Regulation Samsung 248

Independent Banker

AUGUST 31, 2022

ICBA’s Bank Security Institute offers critical incident response strategies to keep your physical branch location safe. However, it’s important not to let your community bank’s physical security protocols lapse. In August, ICBA hosted the Bank Security Institute. Look out for the next Bank Security Institute, coming soon.

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Community Security Community Bank Fraud 91

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

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Regulation Online California Regional 132

PYMNTS

MAY 8, 2018

Equifax , the embattled credit scoring company that was the subject of a massive data breach last fall, provided several congressional committees in the Senate and House with more information on the data compromised in the breach. Equifax said in the statement that the additional information provided to Congress includes how many U.S.

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PYMNTS

AUGUST 8, 2019

You can thank the information stolen during data breaches for that, he said: “They essentially were working from an answer key.”. But as the 2020s loom, such a process not only seems cumbersome — who likes filling out all those digital information forms? — The worst-case scenario is asking someone for all their information,” he said.

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Security Knowledge Base Fraud Online 147

Perficient

APRIL 26, 2022

FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. Once FINRA receives and executes the TRACE Participant Application Agreement, a TRACE participant may input the trade information in TRACE-eligible securities.

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Report Compliance Security Regulation 294

PYMNTS

JUNE 26, 2020

We will be asking ESMA (European Securities and Markets Authority) to investigate whether there have been supervisory failures and, if so, to set out a possible course of action,” Dombrovskis told the FT. “We We need to clarify what went wrong.”.

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Regulation Capital Policies Course 152

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.

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Fraud Security Regulation cryptocurrency 157

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The risk of attack can be mitigated by following a sound API architectural approach, one that integrates security requirements and tools into the API itself.

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Security Fraud Tools Data 192

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. It’s not the only security concern that this data-sharing trend has created in financial services, however.

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Security Data Strategy Trends 194

TheGuardian

APRIL 13, 2023

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out of their accounts. Continue reading.

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PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

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Regulation Guidelines Groups Report 141

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.

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Security Management Policies Training 60

CFPB Monitor

SEPTEMBER 11, 2018

California is once again poised to set the standard for privacy and data security by enacting the first state law directed at securing Internet of Things (IoT) devices. designed to protect the device and any information contained in it from unauthorized access, destruction, use, modification, or disclosure.

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California Security Data Analysis 68

Celent Banking

NOVEMBER 11, 2015

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. The timing will undoubtedly put pressure on regulators to push through strong regulation. Information security.

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Cyber Security Regulation Security New York 100