VISTA InfoSec

FEBRUARY 25, 2024

And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

VISTA InfoSec

MARCH 5, 2024

specifically to visitor access procedures. Broadened to observe and interview for CDE-wide visitor management procedures. Same principle but adapted to check procedures across the CDE. Testing Procedures Suggests verifying protection procedures include media and reviewing backup location security. Increased scope.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

JANUARY 23, 2024

and Bluetooth - Cellular technologies, like Global System for Mobile communications (GSM), Code division multiple access (CDMA) General Packet Radio Service (GPRS) - Satellite communications Testing Procedures: 4.1.a Refer to vendor recommendations/best practices.) Testing Procedures: 4.1.2.a Testing Procedures: 4.2.1.a

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. Define who can create and manage meetings and establish procedures for sharing meeting links and passwords to control access.

Risk 242

Risk Ransomware Phishing MFA 242

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. - This ensures a clear documentation trail of security practices. . - PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.3

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

FEBRUARY 21, 2024

The procedures and methods for limiting access to system components and cardholder data, based on a business’s need-to-know basis, are clearly outlined and comprehended. The allocation and definition of access to system components and data are carried out appropriately. a: This one’s all about verification.

PCI DSS 130

PCI DSS Database Best Practices Procedures 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. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

VISTA InfoSec

JUNE 26, 2024

For instance, you can look at the company’s history of data breaches and their responses, the robustness of the cybersecurity infrastructure, and the presence of comprehensive security policies and procedures. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Standardize portfolio management procedures and segregate duties to minimize operational risk. Fund managers rely on the operations team to provide actionable data and monitor positions to effectively gauge fund performance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

EBizCharge

APRIL 26, 2024

AR management also helps minimize the risk of bad debt by implementing timely invoicing and diligent follow-up procedures, safeguarding profitability and financial stability. By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business.

Accounts 52

Accounts Best Practices Disputes Procedures 52

The Fintech Times

APRIL 23, 2024

In its latest bank security investigation, researches tested banking website and app security across four key criteria – login procedures, security best practice, account management and navigation and logout, which were amalgamated to give a total score and revealed a variety of concerns.

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

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. Write clear internal policies and procedures : Staff at all levels must understand the rules.

Compliance 52

Compliance Best Practices Mitigation Procedures 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. Develop and Practice Incident Response Plans An effective incident response plan is a critical component of any organisation’s cybersecurity strategy.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Nanonets

SEPTEMBER 23, 2023

In this guide, we will explore the  requisition process  and its role in accounting, as well as discuss best practices for managing and optimizing the process. The request is then approved or rejected based on the organization's policies and procedures. What is a Requisition Order?

Process 52

Process Best Practices Compliance Procedures 52

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Payfacs need to have regular AML screenings and strictly implement KYC procedures. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

EBizCharge

APRIL 26, 2024

Dispute and deduction management consists of policies and procedures designed to quickly identify, investigate, and resolve valid or invalid deductions that customers may take when making a payment. Regardless of the reason, businesses should familiarize themselves with best practices to mitigate these invoices and avoid significant problems.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

EBizCharge

JULY 12, 2024

This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. What is an expense policy?

Compliance 52

Compliance Best Practices Procedures Process 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

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 includes identifying key controls, establishing clear lines of authority and responsibility, and ensuring that policies and procedures are well-documented and communicated. Regular internal audits.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

FICO

APRIL 24, 2020

Last Tuesday, FICO’s Matt Stanley and Tom Dehler presented an overview of best practices for the use of analytics in banking to help organizations respond to the challenge of the Covid-19 crisis. This session was the first breakout session in our month-long virtual event entitled Building Resiliency—Adapting to the Challenges of Today.

Best Practices 52

Best Practices Consumer Credit Union Community Banks 52

VISTA InfoSec

AUGUST 22, 2023

Educate and Train: Provide ongoing education and training to staff members on GDPR requirements, best practices for handling biometric data, and raising awareness about privacy. Establish internal controls, procedures, and mechanisms of accountability to identify and address any compliance gaps.

Privacy 130

Privacy Compliance Legal Best Practices 130

Stax

DECEMBER 20, 2023

Products and services offered Industry risk Transaction size and volume Chargeback volume Billing policies As a software provider, you can implement some best practices to make these processes as streamlined as possible, so your users can get up and running with payments ASAP. Let’s explore them below. Hybrid API enrollment.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

Fi911

NOVEMBER 7, 2023

Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures? This framework encompasses a series of regulations, policies, and procedures. These may align with industry best practices or other regulatory frameworks.

AML 52

AML Compliance Money Laundering OFAC 52

EBizCharge

JUNE 27, 2024

Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. Here are a few best practices to keep in mind when calculating DSO: Regularly monitoring: Calculate DSO regularly, such as monthly, to track trends and address issues promptly.

Best Practices 52

Best Practices Adjustments Assessments Automation 52

Nanonets

SEPTEMBER 22, 2023

By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department. Implementing  best practices  can streamline operations, reduce errors, and enhance performance.

Accounts 40

Accounts Best Practices Automation Compliance 40

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. Perform Reconciliation Controls: Implement reconciliation controls and procedures to prevent future discrepancies and errors.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. Accordingly, companies should implement a system to isolate and track each component of their close process as best practice.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

The Fintech Times

MAY 30, 2024

Implement robust AML and KYC procedures This is essential, as these measures help prevent illicit activities such as money laundering and terrorist financing. This complicates the task of compliance, as companies must adapt their procedures and exercise flexibility to account for various local demands.

Compliance 64

Compliance Security Legal Blockchain 64

Neopay

JULY 4, 2024

Related policies and procedures : Review policies like Complaints Handling, Vulnerable Customer protocols, and Customer Onboarding processes. From comprehensive compliance audits and workshops to specialised training sessions, we ensure your reports cover all essential components, reflect best practices, and align with the FCA’s expectations.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

Clearly Payments

JANUARY 4, 2024

This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations. This section covers some of the best practices for merchants in the realm of cryptocurrency.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). Staff training: Provide regular training to your staff on AML obligations, red flags, and reporting procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Nanonets

SEPTEMBER 22, 2023

Accounts receivable refers to the money owed to a company by its customers for purchases made on credit, and managing this process involves tracking unpaid invoices, monitoring payments, and implementing best practices for effective  accounts receivable management.

Accounts 52

Accounts Best Practices Automation Procedures 52