VISTA InfoSec

FEBRUARY 25, 2024

Breaches involve stealing or leaking confidential data like customer records, passwords, financial documents, emails, or intellectual property that companies entrust to online environments. Conduct audits periodically post-partnership. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

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

Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

Audit 52

Audit Compliance Automation Verification 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.    From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

FloQast

MAY 9, 2024

These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes. But spreadsheets managing compliance documents often lead to version control issues. Organizational Chaos: Challenge : Look, we all love Excel.

Compliance 97

Compliance Audit Risk Assessment Assessments 97

Nanonets

NOVEMBER 14, 2023

All organizations, irrespective of size, deal with a myriad of documents that contain vital information and data required for its functioning.    Daily inundated with data in varied forms, manual management of documents and data can easily overwhelm teams, leading to confusion and inefficiency. How does Document Capture Work?

Automation 52

Automation Facilitators Compliance Audit 52

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

Accounts 116

Accounts Audit Procedures Processors 116

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

FloQast

APRIL 30, 2024

Organizational Chaos : Compliance documents managed in spreadsheets often lead to version control issues and synchronization challenges, hindering effective control implementation and audit processes. Audit Pain and Expense : I hear you. Audits in general are a pain.” Turns out, you’re not alone. I know, I know.

Compliance 99

Compliance Addressing Audit Risk 99

FloQast

NOVEMBER 28, 2023

Recently, FloQast published an e-book on how technology can improve audit efficiency based on Ashley’s first-hand experience. Most audit firms are now working with various analytical or data evaluation tools. This makes collaborating on documents much easier than sending versions through e-mails.

Audit 52

Audit Process Technology Reconciliation 52

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The SOC framework includes multiple internal control audit reports. Now let’s examine the key differences between SOC and SOX audits. It applies to all U.S.

Audit 130

Audit Compliance Laws Governance 130

FloQast

JUNE 12, 2024

These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. Curis’s Success with FloQast: A Summary Eliminated $110,000 in external audit fees by combining Close and compliance efforts. Streamlined workflows through automation and centralized documentation.

Compliance 99

Compliance Close Processes Audit Automation 99

Nanonets

NOVEMBER 14, 2024

ABBYY is a technology company making document processing software since 1989. Their product lineup includes FineReader PDF for OCR and PDF management, FlexiCapture for enterprise document capture, ABBYY Vantage for intelligent document processing, Timeline for process intelligence, and Mobile Capture for mobile document scanning.

Process 52

Process Automation Volume Verification 52

VISTA InfoSec

OCTOBER 21, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Data Protection Officers are individuals who helps maintain and oversee an organization’s data protection strategy. Also Read : CCPA Compliance Guide 2.PIPEDA

CCPA 130

CCPA Privacy Laws Data Breach 130

Fintech News

APRIL 15, 2024

The committee reportedly had full access to all necessary resources, including company executives, personnel, and documents. According to Temenos, the findings from the special committee debunked the allegations from Hindenburg Research, labeling them as incorrect, misleading, and often presented out of context.

Legal 106

Legal Audit Non-Bank Research 106

VISTA InfoSec

JANUARY 29, 2024

b Conduct interviews with staff responsible for Requirement 5 to ensure that the roles and duties are allocated as per the documentation and are comprehended. Audit logs for the anti-malware solution(s) are activated and preserved in line with Requirement 10.5.1. . -> 5.1.2.a evaluations. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

OCTOBER 11, 2023

Their job is to prepare the ROC, which is a detailed document that records the results of a PCI DSS evaluation. The QSA does this by conducting an audit of the organization’s processes and controls. Our PCI DSS experts stand ready to prepare your team for an audit, swiftly identifying gaps and assisting in their remediation.

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

FloQast

MARCH 27, 2024

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? This decreases the audit burden on the accountants while keeping auditors happy with the organization of it all.

Reconciliation 93

Reconciliation Audit Accounts Best Practices 93

FloQast

FEBRUARY 7, 2024

For publicly-held Veracyte , based in San Francisco, maintaining compliance with SEC and SOX reporting standards while managing audit controls posed a significant challenge. Recognizing the inefficiencies, Kang sought a solution to centralize data and improve alignment across compliance documents.

Compliance 103

Compliance Audit Facilitators Reconciliation 103

VISTA InfoSec

JULY 31, 2023

Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks. Upgrade your security settings and maintain documentation for configuration security hardening procedures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

VISTA InfoSec

OCTOBER 25, 2023

On the admin side, consider risks related to employee turnover, documentation gaps, and security awareness. It aligns with ISO 31000:2018’s emphasis on transparency, shared responsibility, and continuous improvement through documentation and sharing of risk evaluation outcomes. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

VISTA InfoSec

JULY 17, 2024

Create a clear policy document that outlines every step of your cybersecurity plan. The documents should also include detailed encryption standards Sensitive info should be protected during transmission and storage. Outline regular audit processes to check compliance with these policies.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

PYMNTS

NOVEMBER 25, 2020

A starting point to conducting identity verification is document-based, he said. In that event, “the first part of the whole equation is making sure that identity document is authentic,” Patel said. He said the person would examine a slew of facial images to determine authenticity, and in effect audit the data.

AI 141

AI Verification Disaster Recovery Authentication 141

VISTA InfoSec

JANUARY 22, 2024

a Confirm assignment of roles for Requirement 3 activities through documentation review. Confirm this by examining data stores, system settings, and vendor documents. b Check system configurations to ensure that full PAN is displayed only for users/roles with a documented business need and masked for all other requests.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

PYMNTS

AUGUST 7, 2020

of India (NPCI) uncovered more than three dozen critical security risks last year, according to an internal government document seen by Reuters. The 2019 audit found that the personal data held by the nation’s primary digital payments system, which is operated by the RuPay card network, was vulnerable.

Digital Payments 106

Digital Payments Central Bank Online and Mobile Banking Disputes 106

Nanonets

DECEMBER 13, 2023

The integration of Optical Character Recognition (OCR) technology is particularly instrumental in automating the extraction of information from diverse documents, such as medical reports, accident statements, and policy details. It can automatically extract information from documents, reducing the likelihood of manual errors.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

MARCH 22, 2024

“It also means that, on the off chance that there is fraud , this can quickly be identified and resolved. ” The post Mukuru Distributes Aid Across Africa Following Expansion to Uganda appeared first on The Fintech Times.

Audit 104

Audit Accounts Governance Government 104

VISTA InfoSec

SEPTEMBER 28, 2023

Appoint an Independent Data Auditor: The Significant Data Fiduciary shall appoint an independent data auditor to carry out a data audit. Conduct the Data Protection Impact Assessment (DPIA) and Audits: The Significant Data Fiduciary is responsible for implementing the following measures: (Clause 10 (2) (c), DPDP Act).

Privacy 130

Privacy Audit Data Breach Breach 130

FloQast

MARCH 11, 2024

Regional controllers like Erica Woods found themselves buried under heaps of spreadsheets, checklists, and printed documents, slowing down the close process and impeding collaboration across divisions. With notes, documents, and sign-offs centralized, we’ve taken what used to be a 14-day Close process and cut it down to one week,” Woods said.

Close Processes 100

Close Processes Process Reconciliation Audit 100

Synapse Payment Systems

JANUARY 3, 2023

Keep Up With Audits Even with standardized processes and technology geared toward inventory management, no warehouse or store is error-free. This is where audits come in. You want to ensure that your physical inventory matches your digital records, and an audit is the best way to check.

Small Business 130

Small Business Audit Procedures Returns 130

Neopay

JANUARY 2, 2024

Through documented policies, firms can identify and implement applicable regulatory requirements, ensuring a clear framework and guidance for all employees on how to conduct their work. Equally, documented internal processes are crucial to ensuring that all activities are streamlined and up to date.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Testing Procedures Focus on verifying the existence of processes and that failures are documented with specific details. when it comes to logging and monitoring. Requirement v3.2.1 10.5.1 – 10.5.5)

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Nanonets

MAY 22, 2023

These documents provide a holistic view of your business's performance and operations. This extends beyond just your financial documents to include your management practices and policies related to existing financial controls. These should then be clearly documented and communicated to all relevant staff.

Automation 98

Automation Procedures Audit Process 98

PYMNTS

NOVEMBER 4, 2020

I'd be willing to be that any controller or CFO that doesn't have an automated auditing process is worried about it.". The company announced its formal launch last month as a technology provider designed to automate the invoice auditing process to combat fraud and errors for accounts payable personnel. A Straightforward Challenge.

Audit 90

Audit Automation B2B Deepfake 90

FICO

MARCH 24, 2021

Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Document, document, document! (In Conducting internal monitoring and auditing. million SARs filed overall during the same period.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). No bypasses allowed, even for admins, without time-limited documented management approval. Require two-factor authentication for access using different identity proof types (e.g. Significant shift in approach.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130