Assessments Cybersecurity Third Party Vendors 
Fintech News
FEBRUARY 21, 2024
The Monetary Authority of Singapore (MAS) has cautioned financial institutions on the cybersecurity vulnerabilities introduced by the advent of quantum computing. Experts predict that the cybersecurity challenges posed by quantum computing will become a reality within the next decade.
PYMNTS
APRIL 18, 2017
Among the new rules: Firms must employ and deploy a senior chief information security officer, or the corporate board, to approve written policies for cybersecurity. At a minimum, you need [cyber]insurance,” along with monitoring of third party vendors. Certification must be made annually about compliance.
PYMNTS
NOVEMBER 15, 2016
Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. Department of Commerce, acknowledged that cybersecurity may not be at the top of SMEs’ priority lists. And with consequences ranging from data theft to noncompliance penalties, the stakes are high.
PYMNTS
APRIL 10, 2017
New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. They must also perform risk assessments in order to design a cybersecurity program particular to them.
PYMNTS
FEBRUARY 28, 2019
According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. One of the largest security challenges of an acquisition stems from the risk exposure an acquiring company faces if it has not fully assessed the cybersecurity strength of its acquisition target.
PYMNTS
MAY 15, 2017
The news that hit Friday afternoon that malware and ransomware were racing across the globe at a breakneck pace, infecting computers at companies across verticals and causing havoc, brought cybersecurity to top of mind, yet again. . And yet, even as technology advances, one size does not fit all, the duo agreed.
FICO
AUGUST 4, 2020
Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. Especially, for large organizations with many vendors and partners.
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