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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

Open banking is typically achieved via application programming interfaces (APIs), sets of rules and procedures that permit developers to create algorithms and applications that access features or data or interact with other systems. Requiring any two of these three data points is enough to protect against 99.9

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Guarding the Gates: Data Compliance and Privacy

Segpay

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. Organizations must establish procedures for secure and compliant data deletion without compromising system integrity.

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

PYMNTS

Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in 2018. This is a serious problem, as ATOs reportedly led to $4 billion worth of losses in 2018. FIs have therefore been working to upgrade their defenses against such attacks.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

Stax

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. Make compliance part of your organization’s culture by conducting regular training and awareness programs for employees and reviewing and updating security policies and procedures.