VISTA InfoSec

MARCH 25, 2025

CREST membership is an important recognition as it implies that the organization that is accredited meets the strict standards for addressing complex cybersecurity challenges and is adhering to best practices in security testing. Why should I choose a CREST-accredited provider?

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Cybersecurity Accreditation PCI DSS Assessments 130

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. It ensures you invest in organizations capable of mitigating cyber threats to give you long-term gains.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Stax

MARCH 6, 2024

By the end of this guide, you’ll have `a clear overview of its operational framework, strategic benefits, best practices, and advanced strategies to maximize this powerful, rapidly rising payment tool. TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. Since it’s apparent how vital proper AR management is for financial stability, the following section provides best practices to help your company transform its receivables.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively.

Risk 277

Risk Ransomware Phishing MFA 277

Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. Implementing robust controls and monitoring mechanisms is essential to mitigate the risk of fraud or misappropriation.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

The Payments Association

FEBRUARY 10, 2025

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88

Crime Risk Assessment Fraud Prevention Due Diligence 88

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. Mitigating the risks: Best practices for firms One of the most important steps to mitigating the risks is ensuring AI transparency and explainability.

Privacy 88

Privacy Payment Security AI Security 88

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. 15 best practices to prevent data breaches Since data breaches can cause significant damage, businesses must be diligent and proactive to prevent, address, mitigate, and avoid these threats.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

EBizCharge

MARCH 18, 2025

To mitigate these risks and secure financial data, pairing your Sage 100 with a secure payment gateway provider with robust security features is key. By regularly reviewing procedures, merchants can proactively address and mitigate potential issues early to protect against data breaches and maintain compliance with industry regulations.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Paystand

MARCH 21, 2024

Focusing on best practices for ensuring financial data accuracy becomes vital. They can mitigate risks and enhance financial reporting with proactive measures, leveraging technologies, and fostering accountability. This can lead to misguided decisions, financial losses, and reputational damage.

Best Practices 40

Best Practices Mitigation Risk Finance 40

VISTA InfoSec

MAY 23, 2024

This guide addresses both preventive and mitigative actions. Best Practices The Terraform destroy command should be used cautiously, though. This command can delete all or some of the infrastructure defined in IaC. Its effects cannot be reversed, and there’s no rollback option to bring back specific states.

Compromise 288

Compromise Database Best Practices Shutdown 288

FICO

MARCH 11, 2020

Here are 4 best practices to fight subscription fraud. for loss mitigation, and identifying and quickly exiting FP fraudsters . FICO will present best practices in fighting subscription fraud. When subscription fraud is not properly identified and addressed, the problem grows. by Fernando Lopez.

Best Practices 52

Best Practices Identity Theft Risk Rules 52

The Fintech Times

FEBRUARY 28, 2025

A big focus for our security and risk teams in the next year will be ensuring we stay connected to the best practices identified in cyber fraud and maintain the integrity of our payments infrastructure.” AI regulations are nascent, with a growing, fragmented patchwork of federal, state, and industry-specific rules.

AI 97

AI Regulations Best Practices Risk 97

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. The post 7 Best Practices for Preventing Government Fraud in Payments appeared first on Core Business Technologies. According to the U.S.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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 208

CCPA Privacy Assessments Laws 208

Segpay

JUNE 13, 2024

SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks. In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

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. By sharing threat intelligence and best practices, organizations can gain insights into emerging threats and learn from the experiences of others.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

APRIL 12, 2024

Security Challenges And Best Practices Despite their strengths, proxies face security challenges. To mitigate these risks, it’s vital to adhere to best practices, like choosing reputable proxy providers, regularly updating proxy server software, and implementing robust authentication methods.

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

VISTA InfoSec

OCTOBER 21, 2024

If your organization understands them, it can prepare better and mitigate risks. Preparing for a SOC 2 Audit: Best Practices and Key Considerations. Their expertise can help navigate complex requirements and avoid common pitfalls. Conclusion SOC 2 audit navigation poses many challenges to organizations. Retrieved from [link]

Audit 147

Audit Compliance Procedures Best Practices 147

Fintech Finance

SEPTEMBER 13, 2024

This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

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Instant Payments Faster Payments FPC Real Time Payments 131

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 98

Payee Verification IBAN Cross-Border 98

Fintech Finance

OCTOBER 7, 2024

A new global report has revealed significant gaps in supplier management practices among financial institutions. ” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. While 70.1%

Risk 101

Risk Regulatory Compliance Risk Management Mitigation 101

VISTA InfoSec

AUGUST 22, 2023

Technical and Organizational Strategies for Ensuring Adherence To secure conformity with GDPR during biometric data processing, entities must deploy fitting technical and organizational tactics: Conducting DPIAs: Organizations must conduct DPIAs for high-risk processing of biometric data to identify and mitigate potential risks.

Privacy 130

Privacy Legal Compliance Best Practices 130

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Risk Mitigation: Since BNPL providers assume the risk of non-payment, merchants are protected from default or chargeback issues, reducing their financial exposure.

BNPL 104

BNPL Payments Mitigation Best Practices 104

VISTA InfoSec

AUGUST 5, 2024

If your organization understands them, it can prepare better and mitigate risks. Preparing for a SOC 2 Audit: Best Practices and Key Considerations. Their expertise can help navigate complex requirements and avoid common pitfalls. Conclusion SOC 2 audit navigation poses many challenges to organizations. Retrieved from [link]

Audit 130

Audit Compliance Procedures Best Practices 130

The Finance Weekly

SEPTEMBER 22, 2024

While finding these solutions can be difficult, outsourcing select cybersecurity responsibilities to third-party providers can help mitigate costs. Best Practices for Success in the 2025 Budgeting Season As you and your team gear up, we outlined the challenges CFOs and controllers are likely to face during the 2024 budgeting season.

Cybersecurity 173

Cybersecurity Best Practices Automation Compliance 173

The Payments Association

DECEMBER 16, 2024

While external factors are harder to control, businesses can mitigate their impact through effective strategies. Streamlined processes and robust controls can mitigate these risks effectively. Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

VISTA InfoSec

SEPTEMBER 25, 2024

To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. 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.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. 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.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

BNG Payments

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. You should also hold regular training sessions for your employees, updating them on new security risks and best practices.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Read this article on what is a good chargeback rate.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks.

Deepfake 133

Deepfake Scams Fraud Detection Verification 133