Remove Breach Remove Data Security Remove Third Party Vendors
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The Uncharted Territory Of M&A Cyber Risks

PYMNTS

Cyberthreats exist throughout supply chains and business networks, and one supplier that experiences a data breach can result in the exposure of sensitive corporate data at businesses other than that supplier itself. which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor.

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When Vendors Open Doors To Cyberattackers

PYMNTS

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data.

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Back To Basics For SME Security

PYMNTS

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Others, however, are more behavioral.

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Facebook Hit With Fine From UK’s Information Commission Over Data Handling

PYMNTS

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” The data, which was processed from 2007 through 2014, was accessible to developers of third-party vendors without the Facebook users providing consent.

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Build vs buy? Strategic decisions in financial crime management

The Payments Association

Financial criminals are exploiting digital advancements and deploying sophisticated tools like AI to breach systems, pressuring financial institutions (FIs) to respond with equally advanced defences. Lower Maintenance Burden: Vendor handles updates, bug fixes, and compliance changes. The stakes are high.

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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened. Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We

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Keeping Third-Party Risk First On The Cybersecurity (Risk) List

PYMNTS

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .