Ferry Operator Serving Cape Cod, Martha's Vineyard Attacked With Ransomware

PYMNTS

Eastern time stated, “The Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has been the target of a ransomware attack that is affecting operations as of Wednesday morning. Security & Fraud Cybersecurity fraud Massachusetts Steamship Authority News Security What's Hot

Three success factors in security operations

Insights on Business

The model delivers better customer experiences, creates operational efficiencies, and can lead to new revenue sources. Financial institutions are leading the charge in building security immune systems, knowing they are most threatened. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy. In my mind, success follows with three operational goals: 1.

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FAA OKs American Robotics Drones To Fly Without Human Operators

PYMNTS

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website.

Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. Now, a shift is under way in FIs’ operational units as the conversation turns to transforming legacy banks into “smarter banks.”.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

PSD2 Creates Turbulence For Travel Operators

PYMNTS

PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security. In the past, typically retailers — not just travel companies — had to make a choice really between frictionless [payments] and security,” he said. Security & Fraud Amadeus authentication compliance consumer data data privacy Fraud Prevention GDPR Main Feature News Payment Security PSD2 regulations Tracker Series Travel Payments Whitepages Pro

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 billion.

The To Do List for Security Token Platform operators

Daily Fintech

Sheldon Freedman will return next week with the last of his 4-parter on Security Tokens. What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? Security Tokens can tokenise just about any asset. To Do List for Security Token platform operators. These are the 5 things that Investors want from a good Security Token platform. What entrepreneurs want from a Security Token platform.

Chase and Intuit Launch API for Secure Customer Data Sharing

Bank Innovation

The companies signed an agreement this morning, giving customers the option to authorize Chase to electronically share financial data securely with Intuit’s financial management applications, such as Mint, TurboTax Online and QuickBooks Online. Corporate Innovations Mobile Operations PFM Retail Security Technology Chase Intuit MintChase and Intuit may have just solved the main issues with account aggregators.

Data Security’s Secret Sauce? ‘Zero Data’

PYMNTS

Mahmoud Abdelkader , co-founder and CEO of Very Good Security , said the current security and compliance approach is fundamentally flawed — it doesn’t keep people safe, and it hamstrings businesses. To protect what you’ve got — lock it away, build a wall, maybe a moat.

U.S. Bank Is Hiring An ‘Innovation Leader’ To Boost AI Operations

Bank Innovation

Corporate Exclusive Operations Security Technology AI Dominic Venturo innovation group machine learning US BankBank wants to revamp its Innovation group with a new artificial intelligence leader. The job posting is vigorous, to say the least. The new hire will be responsible for establishing an “Artificial Intelligence and Machine Learning practice within the U.S.

Operation BLACKHAT

Perficient

Operation BLACKHAT. He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. He has hired other gang members for this operation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same.

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard has appointed Mark Barnett as president of its European business headquartered in Brussels.

MonetaGo, GUUD Team On Secure Transactions

PYMNTS

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release.

Operational holes cause breaches more than security glitches

Payments Source

With lots of day-to-day IT tasks and countless systems to configure, it's easy to make mistakes, says Brian Kelly, CEO of CloudBolt. ISO and agent Data breaches Payment fraud Capital One

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

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.

Taking Digital Approaches To Marketplace, Restaurant Operations

PYMNTS

Online marketplaces have been essential for companies and consumers who want to transact under stay-at-home mandates, but these platforms need formidable security approaches in place to prevent fraudulent sellers from joining or scams from occurring.

New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

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.”. “It’s And lastly, it will be critical to continue to innovate in a way that is still safe and secure.

PayPal suspends TIO Networks’ operations due to security concerns

Payments Source

PayPal has suspended the operations of TIO Networks, a bill-payment company it purchased earlier this year, following the discovery of security vulnerabilities that require investigation. Bill pay Network security PayPal

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity.

Careem Concludes Operations In Sudan

PYMNTS

Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The firm started its Sudan operations in September 2018 following the lifting of economic sanctions by the United States in 2017, Reuters reported. A spokesperson said in a statement, “There are no plans to close any other markets, and ceasing Sudan operations will not have any effect on Careem’s other markets.”

Sinemia Shuts Down U.S. Operations Amid Lawsuits

PYMNTS

operations. In a letter on its webpage, Sinemia said it was ending operations in the U.S. While we are proud to have created a best-in-market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient. operations,” Sinemia wrote in the letter. Sinemia , the movie theater subscription service that tried to take a page from MoviePass, is shuttering U.S.

Verizon Buys Drone Operator

PYMNTS

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. With the deal, businesses small and large can turn to Verizon for integrating, managing and wirelessly connecting their drone operations.

Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security.

Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing

PYMNTS

Automated compliance systems can help FI staff ensure that their AML and KYC compliance is up to code, as these systems can perform thousands of security checks in the time it takes a human staffer to handle just a few.

Dwolla Defends Security Practices in the Face of CFPB Fine

Bank Innovation

— Today the Consumer Financial Protection Bureau leveled a $100,000 penalty against the online payment platform Dwolla, who are obliged to pay the full amount and fix its security practices. Compliance Mobile Online Operations Payments Press Release Security CFPB data security Department of Justice dwolla Inc Washington, D.C.

Security Firms Counting on Compliance to Bolster AI’s Value in Banking

Bank Innovation

Compliance startups and security firms are banking on artificial intelligence playing a key role in know-your-customer/anti-money laundering processes, rather than being just a trend in regtech. Artificial Intelligence Compliance Daily Post 1 Daily Post 2 Exclusive Operations Premium Security & Risk AML artificial intelligence compliance IHS Markit KYC nice actimize Regtech Steele Compliance

Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

In financial services, demand for ease of use and security are sky-high, even for business customers. Greater Security Without Compromising UX. Financial services firms deploy more and more point security products to cover the gaps created by the expanding attack surface,” he explained.

Remote Work Challenges FIs To Rethink Data Security

PYMNTS

Unfortunately, fraudsters are also interested in the rise of remote work, looking for any gaps in businesses’ security measures that could allow them to slip in and skim money or data from firms.

Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

However, regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation. Schoch pointed to that operational model as a key example.

How to secure finance on the front line

Accenture

They face the most sophisticated cyber threat actors who continually grow their capabilities and are rarely held accountable across the global footprint where they operate. The post How to secure finance on the front line appeared first on Accenture Banking Blog.

Farmhouse Market’s Remotely Operated, 24/7 Grocery Store

PYMNTS

The pair ultimately designed a concept that could operate without any on-site staff to solve this quandary. “We Designing For Security And Remote Management . Farmhouse Market does not have an open-door policy, however, and instead relies on a variety of security technologies. The market’s security system and video cameras further help identify potential shoplifters or other issues.

Three Crypto Operators Sued By US Regulator

PYMNTS

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading. The newspaper noted that these are the first actions that come against operators since bitcoin futures were launched in December of last year.

Trulioo: Dramatic Fraud Spike Threatens Secure Digital Future

PYMNTS

A massive spike in fraud of all kinds has taken businesses by surprise and left them scrambling for solutions, Trulioo Chief Operating Officer Zac Cohen told Karen Webster in a recent conversation. Security & Fraud biometrics Coronavirus Featured News fraud News podcast Security trulioo

Fraud 216

Twitter Updates Users On Security Breach

PYMNTS

Twitter continues to inform users about its investigation into a massive security breach two weeks ago when hackers seized control of the celebrity accounts of Joe Biden, Kim Kardashian, Bill Gates and dozens of other A-listers.