Remove Assessments Remove Cybersecurity Remove Third Party Vendors
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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

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.

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NY Cybersecurity Standards Loom, With Enterprises At The (Un)Ready?

PYMNTS

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.

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New York Wants To Be The Model For Cybersecurity Regulation

PYMNTS

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.

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SenseOn: Confronting Modern Cyber Risks in Financial Services

The Fintech Times

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

Risk 57
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Ensuring a Complete Cyber Risk Platform Partnering with Third-Party Security Vendors

FICO

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.

Risk 52
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The Uncharted Territory Of M&A Cyber Risks

PYMNTS

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.

Risk 65
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Keeping Third-Party Risk First On The Cybersecurity (Risk) List

PYMNTS

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.