CFPB Monitor

MAY 22, 2023

On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).

Kansas 78

Kansas Security Company Technology 78

Jack Henry

MAY 21, 2021

According to data from IBM Security X-Force, one in four attacks remediated as of September 2020 were linked to good old ransomware. Working from home offered another approach vector for threat actors, and new information security threats emerged. 2020 Sets the Stage for 2021. Some of the threats in 2020 weren’t new.

Risk Management 88

Risk Management Trends Security Management 88

BankInovation

JANUARY 31, 2022

Amala Duggirala joined banking, insurance and investment firm USAA in early January as executive vice president and enterprise chief information officer. Duggirala leads a team of 6,000 that spans technology, data, security and third-party management. She reports to CEO Wayne Peacock.

Security 98

Security Technology Data Management 98

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.

Payments 165

Payments Compliance Fraud User Experience 165

Payments Dive

DECEMBER 12, 2019

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms.

Mobile 347

Mobile Security Payments Fraud 347

PYMNTS

MARCH 10, 2017

In order to keep payments innovation moving quickly and safely, Mark Turnage, CEO of OWL Cybersecurity , said it’s important to ensure information security remains at the forefront of the new products and services being introduced into the market. We are innovating how organizations safely and securely interact with the darknet.

Innovation 136

Innovation Security Payments Apple 136

Abrigo

APRIL 6, 2022

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

Security Regulation District of Columbia United States 195

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.

Payments 130

Payments Compliance Fraud User Experience 130

Payments Dive

NOVEMBER 1, 2023

The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions to report when they discover information impacting at least 500 people has been accessed without authorization.

Report 222

Report Security Data 222

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.

Online 221

Online Security Resources Training 221

Bank Innovation

NOVEMBER 6, 2017

The Australian Securities and Investment Commission (ASIC) and the China Securities Regulatory Commission (CSRC) have agreed to share fintech information with the other party. Chinese and Australian regulators are partnering up on fintech.

Regulation 207

Regulation Fintech Regional Trends 207

Perficient

MARCH 11, 2021

Cumbersome tasks, like email verifications with registering an account, have been eliminated allowing users to access content across a variety of apps without manually providing personal information. Sign in with Apple takes a strong stance on security and privacy by gaining independence from external identity providers.

User Experience 294

User Experience Apple Security Conference 294

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. In B2B news, Visa is launching an end-to-end payments network called Visa B2B Connect , which is built on elements of distributed ledger technology and the open-source Hyperledger Fabric framework.

Security 148

Security Millennials Data Retail 148

PYMNTS

DECEMBER 10, 2019

10 that the information they report provides important data for agents, analysts and investigative personnel, according to his prepared remarks. We use the information that you provide to protect our national security, our financial system, our communities, and our families. Blanco told bankers and lawyers at a conference Dec.

Conference 130

Conference National United States Security 130

Current

AUGUST 5, 2020

Our members' privacy and security is extremely important to us and we want to be sure all our members keep their accounts safe from scammers, who may impersonate Current on social media or any other platform. We will NEVER ask for your phone number, account number or your security codes in any private or public messages on social media.

Security 76

Security social media US Report 76

PYMNTS

DECEMBER 1, 2019

Effective next month, joint customers who continue to use Gusto for payroll will need to manually enter information the API does not support, such as banking and tax details.” ” Gusto, on the other hand, said its decision to request changes on Zenefits’ end stems from security issues.

Security 204

Security Taxes Data Resources 204

CFPB Monitor

JUNE 29, 2023

In its press release , the CFPB calls the matter its “first action addressing unlawful information handling practices in processing mortgage payments.” . The CFPB announced this week that it has entered into a consent order with ACI Worldwide Corp. and one of its subsidiaries, ACI Payments, Inc., in connection with more than 1.4

Payments 78

Payments Security 78

Bank Innovation

JULY 30, 2018

The reality for many financial services organizations is that modernizing information systems is a project that is often desperately needed but never at the top of the priority list. If the upgrade of a legacy system or even a full migration to an alternative solution was easy, then it would have been done already. In […].

System 244

System Big Data Data Security 244

PYMNTS

SEPTEMBER 18, 2018

Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal. That has been and always will be our priority.”.

social media 176

social media Data Conference Report 176

PYMNTS

NOVEMBER 27, 2020

Consumers can be surprisingly finicky these days when it comes to their personal identifiable data (PII), and additional security measures can strengthen trust at a critical time like this. It’s not all super high-tech either, as the humble phone call still plays a key role in proving identity. Taking Authentication To The Streets.

Security 269

Security Study Mobile Data 269

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. Asked if it was going to tell customers about the security lapse, Tech Data didn’t respond to the news outlet about that specifically.

Data 115

Data Samsung Security System 115

PYMNTS

MAY 2, 2019

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters.

Meeting 171

Meeting Security Cyber Security Technology 171

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.

National 123

National Security Data Software 123

PYMNTS

FEBRUARY 6, 2020

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. The proposal is meant to create a legal framework for that process, and to allow the tokens to be sold under current securities laws.

Security 180

Security Regulation Report Company 180

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.

Security 147

Security Knowledge Base Fraud Online 147

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.

Security 181

Security Fraud Customer Experience blockchain 181

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

Perficient

SEPTEMBER 21, 2023

The ability for intelligence automation tools to be able to quickly and accurately grab the most relevant and accurate information regarding a customer’s inquiry, sales deal, or more is based on many data-readiness factors. Some data may exist in secure warehouses, others within Salesforce, or Amazon Web Services S3.

Data 491

Data Tools Customer Experience Security 491

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.

California 68

California Security Data Analysis 68

PYMNTS

APRIL 8, 2020

alleging the California company’s video conferencing app has security bugs. The firm faces allegations that shortcomings in the app’s software allows access to hackers and disclose personal information to third parties, including Facebook, without telling its users. Companies and agencies including Elon Musk’s SpaceX and Tesla Inc.,

Security 141

Security Video New York Software 141

PYMNTS

NOVEMBER 27, 2020

Businesses are also examining virtual card options that can allow employees to make company payments securely and conveniently during the pandemic. Firms are also prioritizing security as they transact online more heavily as well. Virtual Cards To Bring Greater Security To Transactions. Read that story in the Tracker.

Cards 197

Cards Security Tools Online 197

Perficient

MARCH 17, 2021

However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information and data security. Security is the highest priority when searching for a nearshore partner. Restricted Access to Sensitive Information.

Software 508

Software Regulation Industry United States 508

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

PYMNTS

JUNE 5, 2020

Partnering with FinTechs that have lax security creates very real issues: Criminals could abuse open banking-powered payment apps to launder money, for example, or take over accounts and steal victims’ funds. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

Security 174

Security Fintech Data Fraud 174

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. That has been and always will be our priority.”.

social media 134

social media Data Security Report 134

Cisco

JULY 26, 2022

This includes appropriate financial, governance, and risk controls shared by lines of business and the information technology organization. They provide cloud-neutral connectivity, security, and compute and leverage data-driven performance analytics to ensure better operational visibility and resilience. Secure the brand.

Security 162

Security Operations Leadership Data 162

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.

Data 124

Data Security Regulation Company 124