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. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

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. SOX, a U.S.

Audit 130

Audit Compliance Laws Government 130

VISTA InfoSec

FEBRUARY 25, 2024

You may face legal/regulatory penalties for violating disclosure laws. Conduct audits periodically post-partnership. How Breaches Impact You Suffering a breach carries severe consequences beyond just data loss. Forensics and recovery costs pile up fast while operations get disrupted for weeks investigating the breach.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

VISTA InfoSec

OCTOBER 21, 2024

After this deadline, non-compliance could lead to legal consequences and penalties, including fines of up to 2% of an entity’s annual global turnover or periodic penalties based on average daily turnover until compliance is achieved. This is where VISTA InfoSec’s expert consulting and audit service comes into play.

Compliance 152

Compliance Third-Party Service Provider Risk Assessment Audit 152

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

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

PYMNTS

FEBRUARY 6, 2020

While opportunities for supply chain finance and dynamic discounting can be found across verticals, demand for these capabilities is particularly high in the corporate legal services industry. “It’s a very symbiotic relationship between the in-house legal department and outside counsel,” he told PYMNTS in a recent interview.

Legal 52

Legal Laws Payments Agreements 52

Fintech News

JANUARY 15, 2024

The company has faced scrutiny over its compliance and anti-money laundering controls, with audits in 2020 and 2022 indicating lapses in staff probity checks. However, recent hires including Stripe’s risk lead Alex Hollombe and Google’s former legal director David Shanks aim to strengthen these areas.

Compliance 115

Compliance Money Laundering Cross-Border Legal 115

Fintech News

APRIL 15, 2024

The investigation was led by a special committee under Temenos’ Non-Executive Chairman Thibault de Tersant and supported by legal and forensic experts from Schellenberg Wittmer Ltd, Sullivan & Cromwell LLP, and Alvarez & Marsal Switzerland LLC.

Legal 106

Legal Audit Non-Bank Research 106

Fintech News

AUGUST 21, 2024

Despite these efforts, Binance still faces significant legal challenges, including a lawsuit from the U.S. However, the company has yet to establish a global headquarters or release fully audited financial statements. Securities and Exchange Commission (SEC) over alleged mishandling of customer funds and other regulatory violations.

Compliance 128

Compliance Law Enforcement Money Laundering Agreements 128

VISTA InfoSec

SEPTEMBER 14, 2023

As per Article 4 (7) , a data controller is defined as ‘a natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of processing personal data.’ While not a legal requirement, this step lays the foundation for your business to ensure full compliance.

Compliance 130

Compliance Privacy Processors Legal 130

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Outline regular audit processes to check compliance with these policies.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

Fintech News

FEBRUARY 21, 2024

million is allocated for legal and audit fees, US$750,000 is designated for retrenchment costs, US$500,000 for credit insurance and collections expenses, and US$100,000 for rent. The company had earmarked US$4.5 An additional US$1.15

Law Enforcement 116

Law Enforcement Audit Authorization Consumer Protection 116

VISTA InfoSec

MAY 2, 2024

Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information. Compliance is another essential aspect, particularly for businesses in regulated industries such as healthcare, finance, and legal.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

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

Fintech News

FEBRUARY 5, 2024

million is allocated for legal and audit fees, US$750,000 is designated for retrenchment costs, US$500,000 for credit insurance and collections expenses, and US$100,000 for rent. Investree has earmarked US$4.5 An additional US$1.15

Audit 110

Audit P2P SWIFT Legal 110

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Fintech Times

FEBRUARY 14, 2024

Easier monitoring: Automated systems maintain an audit trail for all transactions, facilitating process monitoring and compliance with audits. Confirm e-invoicing compliance Legal compliance is essential as more countries move towards a clearance model. Comarch e-Invoicing was created with automatisation in mind.

Automation 103

Automation Process Duplicate Compliance 103

Segpay

OCTOBER 23, 2024

Heightened Scrutiny from Financial Institutions and Regulators: As adult content platforms are more closely monitored, businesses must take proactive measures to ensure that they’re following all legal requirements. Evolving Regulatory Landscape: Laws and regulations are constantly changing, and what was compliant yesterday may not be today.

Compliance 76

Compliance Non-Bank Legal Processors 76

Neopay

AUGUST 19, 2024

This unprecedented fine marks the first time the FCA has penalised an audit firm. The 2016 audit of LCF presented significant challenges for PwC. Auditors were met with aggressive behaviour from a senior individual at LCF and were provided with inaccurate and misleading information, complicating the audit process.

Audit 52

Audit Compliance Financial Crimes Legal 52

PYMNTS

NOVEMBER 25, 2020

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard , whose books the accounting and consulting giant audited for a decade. The Wirecard scandal blew wide open in June when the payments company filed for insolvency after acknowledging that $2.1

Audit 67

Audit Legal Breach Consulting 67

VISTA InfoSec

APRIL 3, 2024

Such lapses result in financial loss and legal repercussions, and they can also irreparably damage a company’s reputation. Moreover, in today’s regulatory environment, encryption has become a compliance requirement in many jurisdictions, which gives businesses a legal as well as a strategic imperative to prioritize it.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

The Fintech Times

MARCH 18, 2024

One example of Teranode’s transformative potential is as a repository of verifiable and auditable information on which new artificial intelligence (AI) applications can be trained. Enterprises and government agencies will finally have a secure and cost-effective next-generation platform to process and store sensitive information.

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 27, 2019

.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for potential fines ahead as auditing scrutiny grows. million in fines to the auditing industry, three times the value of fines it had issued in the year prior. government issued a combined $56.29

Accounts 52

Accounts Audit Government Governance 52

Fintech Finance

NOVEMBER 18, 2024

Leading audit, tax and consulting firm RSM UK is encouraging payment providers and other interested parties to respond to the FCA consultation which closes on December 17 th. The proposed changes follow problems and delays in providing customer refunds after the collapse of several large payment providers.

Consulting 97

Consulting Payments Regulations Reconciliation 97

VISTA InfoSec

JANUARY 22, 2024

This includes: Storing only the minimum data required for legal, regulatory, and business needs Having specific retention periods for cardholder data Securely deleting unneeded data Quarterly identifying and deleting stored cardholder data exceeding defined retention periods. a Confirm CHD storage policies for data retention and disposal.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

The Payments Association

DECEMBER 16, 2024

Non-compliance with new rules, such as anti-money laundering (AML) or tax regulations, may lead to fines, legal issues, and reputational harm. Internal Controls and Audits Strong internal controls are essential for efficient and compliant FX processes.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

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

Fintech News

SEPTEMBER 9, 2024

The central bank said the revised requirements and guidance seek to accommodate advancements in technology to facilitate the secure and safe adoption of e-KYC solutions for both individuals and legal persons while preserving the integrity of the financial system.

Deepfake 115

Deepfake PCI DSS Verification Financial Inclusion 115

Innovative Payments Association

AUGUST 29, 2024

With the growing legalization of cannabis across the U.S., While many states have legalized cannabis for medical or recreational use, it is still illegal at the federal level. Conduct Regular Monitoring and Audits Regular monitoring and audits are essential for assessing the effectiveness of a compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

Stax

FEBRUARY 5, 2024

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Be aware of restrictions and guidelines in your business jurisdictions to avoid legal repercussions.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

DECEMBER 21, 2020

London-listed Network International , a payments company, has been accused of keeping investors in the dark after hiring a legal firm over concerns about links to disgraced payments processing company Wirecard , The Financial Times (FT) reports. On Sunday (Dec.

Laws 77

Laws Legal Audit Crime 77

The Payments Association

OCTOBER 23, 2024

Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action. Significant legal uncertainty remains, particularly as to whether secured creditors may challenge the priority given to the top-up of safeguarded funds.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

NFCW

JULY 17, 2024

“The European Commission has made commitments offered by Apple legally binding under EU antitrust rules,” the official announcement says. To comply with the same industry standard-specifications as developers of HCE payment apps and to protect confidential information obtained in the context of an audit.

Payment Service Provider (PSP) 75

Payment Service Provider (PSP) Use Case Legal Agreements 75

VISTA InfoSec

OCTOBER 21, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Outline regular audit processes to check compliance with these policies.

Cybersecurity 135

Cybersecurity Compliance Encryption Best Practices 135

PYMNTS

JUNE 29, 2020

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. Hdac’s blockchain platform will work to combine the tight authentication, seamless mapping and machine-to-machine transactions with a network containing IoT devices.

Settlement 67

Settlement Blockchain Security Audit 67