article thumbnail

FIs: Embracing The Cloud Involves More Than Business Continuity ‘Lip Service’

PYMNTS

And in tandem with that expansion, to develop best practices, Kassam said it’s important to develop a risk profile/maturity decision continuum for moving to the cloud. Companies that are a bit more mature may be operating across multiple sites and have at least some disaster recovery roadmap in place.

article thumbnail

Essential Guide to Seamless CCaaS Implementation 

VISTA InfoSec

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.

article thumbnail

Essential Guide to Seamless CCaaS Implementation 

VISTA InfoSec

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.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly. Follow these best practices for monitoring risks and dealing with them appropriately.

article thumbnail

What is On-Premises Automation?

Nanonets

Backup and Disaster Recovery: Implementing robust backup and disaster recovery mechanisms is essential for on-premise automation. It includes documenting automation processes, configurations, system architectures, troubleshooting procedures, and best practices.

article thumbnail

What is document workflow management?

Nanonets

By understanding the benefits and best practices, organizations can optimize their processes, enhance productivity, and ensure seamless access to critical information. It covers important aspects such as document creation, retrieval, requests and approvals, file sharing, tracking and reporting, and document removal.

article thumbnail

Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

Global Fintech & Digital Assets

Safeguarding of client digital assets : Banks should implement adequate systems and controls and adopt industry best practices (e.g., Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. using hardware security modules, key sharding, backup arrangements, etc.)