VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. audit log security principles are mostly unchanged. This rule is considered best practice until March 31, 2025.) Requirement 10.4.2.1

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. Regular Audits and Reconciliation: Routine audits and reconciliations can detect discrepancies to ensure financial records align with actual transactions.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

VISTA InfoSec

FEBRUARY 13, 2024

This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

JULY 17, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Outline regular audit processes to check compliance with these policies. Following these steps ensures your planning and execution processes go through seamlessly.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

EBizCharge

OCTOBER 25, 2023

By implementing the most reliable security software and best practices, organizations and individuals can mitigate the risk of data breaches and safeguard their valuable information from malicious actors. Conduct data audits periodically to determine which data is essential. If not, then stop collecting it.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

VISTA InfoSec

JANUARY 29, 2024

This stipulation is considered a best practice until March 31, 2025. Ensure that all anti-virus mechanisms are upheld as follows: -> They are kept up to date, -> They carry out regular scans -> They produce audit logs which are preserved as per PCI DSS Requirement 10.7. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). It must include both numbers and letters. (This requirement is a best practice until 31 March 2025.) Look at your system settings to make sure these password rules are enforced. Significant shift in approach.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Nanonets

JUNE 12, 2024

Record Keeping: Maintaining accurate records of all purchases and documenting every process in the procurement cycle is very important for reconciliation, auditing and fraud detection. Compliance and Audit Trail: Provides a documentation trail for easier compliance with legal and financial regulations.

Best Practices 52

Best Practices Automation Small Business Process 52

Fintech News

JANUARY 25, 2024

The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing. It includes a user-friendly platform and AI-powered features to improve customer service and agent investigations, as well as adapting to changes in dispute rules and industry best practices.

AI 117

AI Disputes Risk Management Risk Assessment 117

Segpay

JUNE 13, 2024

In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. Best Practices for Securing Financial Transactions What can businesses and consumers do to ensure secure payment processing in this digital Wild West? The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

FloQast

MARCH 27, 2024

This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this?

Reconciliation 93

Reconciliation Audit Accounts Best Practices 93

VISTA InfoSec

OCTOBER 21, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 178

CCPA Privacy Assessments Laws 178

The Payments Association

DECEMBER 16, 2024

Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach. Internal Controls and Audits Strong internal controls are essential for efficient and compliant FX processes. Paying suppliers in their preferred currency eliminates net exposure.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

VISTA InfoSec

OCTOBER 21, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures. CCaaS platforms deal with large amounts of sensitive customer data, making them a target for cyberattacks.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Nanonets

OCTOBER 1, 2024

The invoice is then filed for future reference or audits, completing the validation process. However, in practice, it's often riddled with challenges that can slow down operations and lead to errors. This leads to an overpayment, which is only discovered during the next audit cycle. check, ACH, wire transfer) selected.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. This certification is an extension of ISO/IEC 27001, which deals with information security and was previously obtained by EBANX in 2019.

ISOs 81

ISOs Privacy Best Practices Compliance 81

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

VISTA InfoSec

MAY 2, 2024

Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. Those processes we employ are also best practices for merchants to apply to their business partners.

Best Practices 82

Best Practices Push-to-Card Processors Due Diligence 82

VISTA InfoSec

OCTOBER 21, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Outline regular audit processes to check compliance with these policies. Following these steps ensures your planning and execution processes go through seamlessly.

Cybersecurity 135

Cybersecurity Compliance Encryption Best Practices 135

The Payments Association

DECEMBER 9, 2024

This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy AI Payment Security Security 88

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Monthly reporting : Payment firms must submit monthly regulatory returns, allowing the FCA to monitor trends and intervene if safeguarding practices fall short.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

SEPTEMBER 24, 2020

The sector instead is exploring the potential of livestream video tours , although questions remain about best practices for storing the recordings and handling any sensitive information that might accidentally be captured in them.

B2B 107

B2B Payments Best Practices Digital Payments 107

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. But training can’t be a one-off practice. Here’s what you need to ensure as a PayFac.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

PYMNTS

JANUARY 26, 2021

Clearly, things have changed a lot in terms of workplace rules and best practices since the early lockdown days last March, and the task of keeping up with it all — especially for large companies with multiple dispersed locations to manage — can be quite formidable. They're looking to figure out when, and how they can safely do so.”.

Posting 116

Posting Automation Best Practices Compliance 116

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Below, we provide an explanation of the changes made in Requirement 6 from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Security audits.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fi911

MAY 7, 2024

Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively. How Do Merchants Avoid Being Added to the Terminated Merchant File?

PCI DSS 92

PCI DSS Processors Compromise Identity Theft 92

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Additionally, you need to conduct regular compliance training for your staff and internal audits. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

SEPTEMBER 28, 2016

Announcing their collaboration at the Sibos FinServ conference, Microsoft and BAML said they would co-build and test technology, develop frameworks and explore best practices for using blockchain technology for trade finance transactions. On Tuesday (Sept. ” Microsoft has pushed its Azure platform for blockchain solutions.

Blockchain 73

Blockchain Finance Treasury Best Practices 73

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Regular internal audits. Collaboration with audit firms and external auditors.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

FICO

MAY 24, 2021

To drive the responsible use of AI in their organizations, senior leadership and boards must understand and enforce auditable, immutable AI model governance. However, senior leaders and Board of Directors need to be aware of the risks associated with the technology and the best practices to proactively mitigate them.

AI 98

AI Regulatory Compliance Government Governance 98

Nanonets

NOVEMBER 16, 2023

We’ll examine the different types of AP controls, accounts payable internal controls best practices, and how to manage AP controls in today’s digital landscape. There are many accounts payable internal controls best practices that every business should prioritize; let’s get into them.

Accounts 52

Accounts Best Practices Duplicate Checks 52

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Plus, it captures audit evidence at the source, eliminating duplicate audit activities and complexity.

Compliance 52

Compliance Best Practices Mitigation Procedures 52