VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. Here are the essential components: 1.

MFA 130

MFA Credential PCI DSS Compliance 130

Fintech Review

APRIL 10, 2025

This breach undermined complex security measures, leaving exchanges, vaults, and payment providers with concerns that similar manipulations could redirect funds to hackers, leaving little recourse due to the irreversible nature of the transactions. The Bybit hack, which saw nearly $1.5

Bitcoin 52

Bitcoin Transactions OFAC Verification 52

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

M2P Fintech

MARCH 24, 2025

Smart Contracts: Self-executing agreements streamline loan distribution, repayment, and compliance, cutting costs and speeding up transactions. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance. over the forecast period of 2024 to 2032.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Regulatory Compliance The insurance industry is heavily regulated, and new technologies must comply with existing regulations. Insurers need to navigate complex regulatory landscapes while implementing innovative solutions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Service Continuity : Ensures essential healthcare services remain operational.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Neopay

MARCH 6, 2025

regular compliance audits: Proactive audits help in identifying gaps before they escalate into major regulatory breaches. client asset protection: Ensuring that client funds are safeguarded through proper controls and oversight is essential for maintaining trust and regulatory compliance.

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

The Payments Association

NOVEMBER 12, 2024

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. The stakes are high. Nasdaq’s 2024 Global Financial Crime Report highlights the urgency, estimating that $3.1

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Fi911

FEBRUARY 29, 2024

The Importance of a VAR Sheet for Banks For banks, the VAR Sheet holds particular significance, offering a multitude of benefits: Risk Management: By detailing security measures and compliance protocols, the VAR sheet helps banks mitigate the risk of fraud and data breaches associated with payment processing.

VARS 79

VARS Payment APIs and Integration Regulatory Compliance Gateways 79

Segpay

NOVEMBER 26, 2024

Proper digital identity verification tools help protect sensitive data from unauthorized access and security breaches. Blockchain’s decentralized nature helps reduce the risk of identity theft and data breaches, offering a promising future for secure, tamper-proof digital identity verification in payments.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

APRIL 12, 2019

Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners. Clearly, the threat of a data breach remains strong, and Norton warned it will persist as other jurisdictions begin to implement their own data protection rules.

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data. Clearview AI Inc.

Privacy 130

Privacy Legal Compliance Best Practices 130

The Fintech Times

JANUARY 28, 2025

Blanket policies often favour larger corporations, as they have the resources to navigate compliance. A sandbox approach, where smaller companies can test and develop solutions without the weight of full regulatory compliance, is essential. For smaller fintechs, these same rules can become roadblocks.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. This ensures that the KYC processes remain robust and aligned with regulatory compliance, a critical aspect for financial institutions. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 105

AI Innovation Fraud Detection Encryption 105

The Fintech Times

OCTOBER 18, 2024

Law and regulation risks : The risk of financial, reputational, or litigation damage resulting from a failure to monitor, control, and reduce regulatory compliance risks. Fintech companies should customise their risk metrics based on the specific regulatory requirements and market conditions of each region they operate in.

Risk 108

Risk FinTech Risk Management Cybersecurity 108

Stax

FEBRUARY 19, 2025

Expanding into new markets by leveraging ISV solutions that cater to global compliance requirements and multilingual support. A prime example is an accounting software company partnering with a tax compliance ISV to offer automated tax calculations, attracting businesses seeking regulatory compliance.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. Sensitive data may be stored on servers, increasing the risk of breaches.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Fintech Review

JANUARY 9, 2024

Prioritize Regulatory Compliance Photo by Sora Shimazaki on Pexels.com For fintech founders, one of the primary areas of focus should be regulatory compliance. Navigating this regulatory landscape can be challenging, but it’s paramount for success.

FinTech 64

FinTech Regulatory Compliance Compliance Regulations 64

PYMNTS

FEBRUARY 21, 2019

Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.

Encryption 51

Encryption Compliance Data Breach Data Encryption 51

Stax

MARCH 18, 2025

” This allows the customer’s PAN to be transmitted across the web in a unique tokenized data format, so even if there is a data breach along the way, hackers will not be able to access the customers debit or credit card number. In the event that there is a data breach, customer information will be safe.

PCI DSS 88

PCI DSS Encryption Data Breach Credit Cards 88

VISTA InfoSec

FEBRUARY 13, 2024

In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework. This process involves a thorough review of security policies, access controls, and other safeguards to ensure they meet the highest standards.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

JANUARY 29, 2019

The latest research from Cisco on the topic suggests executives may want to loosen the purse strings when it comes to cybersecurity investment, because the spend is paying off — including in ways beyond regulatory compliance.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

FICO

JULY 31, 2019

These steps can help businesses in the US and other countries not only meet regulatory compliance requirements but ensure they understand and can manage the risk of their vendor and partner networks. Would there be compliance exposure in the event of a breach at the supplier? Let’s take a look at these four steps.

Risk 70

Risk Security Risk Assessment Risk Management 70

Stax

NOVEMBER 6, 2023

Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. In other words, tokenization decouples sensitive information from the payment transaction thereby reducing the possibility of a data breach.

Encryption 88

Encryption PCI DSS Data Security Origination 88

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. Factors like regulatory compliance obligations and the potential financial or reputational repercussions are also considered during this assessment.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

The Fintech Times

JULY 19, 2024

Strong data protection measures are very important to prevent breaches and misuse, which keeps customer trust intact while also helping ESG goals make progress.” “Fintech firms face a slew of ESG challenges, including regulatory hurdles, technological barriers, and resistance to change. .

FinTech 105

FinTech Privacy Financial Inclusion Regulations 105

The Payments Association

OCTOBER 4, 2024

Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches. Regulatory compliance The industry operates under stringent regulatory frameworks that vary across regions.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

The Fintech Times

APRIL 4, 2024

The study also found that while cybersecurity isn’t a factor in selecting their bank, 36 per cent said they were aware of a major data breach, which may influence their selection. The post CybSafe Reveals Importance and Use of Cyber Training for Customers appeared first on The Fintech Times.

Cybersecurity 53

Cybersecurity Data Breach Breach Scams 53

The Fintech Times

APRIL 30, 2024

We expect to see it play a fundamental role in detecting both fraud and potential security breaches. But it will be essential to address challenges such as security, privacy, and regulatory compliance for solution providers, merchants and consumers alike to realise the full benefits and potential of these innovations.”

Embedded Finance 109

Embedded Finance Finance Innovation AI 109

PYMNTS

APRIL 24, 2020

It also examines how other computational systems are being used to manage payments, regulatory compliance, financial fraud and other important business functions.

Credit Risk 100

Credit Risk Risk Underwriting AI 100

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. A Compliance Monitoring Plan can include regular checks to ensure that all necessary registrations and certifications are current.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Finovate

JULY 30, 2024

Last November, Cable unveiled Transaction Assurance , a new tool to automate effectiveness testing and ensure that all transactions are monitored and tested for potential regulatory breaches or control failures. Vantage Bank believes Cable is the best platform to help manage our risk and compliance for our embedded banking program.”

Compliance 52

Compliance Risk Management Regulatory Compliance Financial Crimes 52

PYMNTS

NOVEMBER 25, 2019

And a recent breach exposed the personal data of more than 1 million prepaid T-Mobile customers. T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk. A recent data breach exposed the personal data of over 1 million prepaid T-Mobile customers per reports on Friday (Nov.

Security 52

Security Data Breach NOV Credit Union 52

Tearsheet

JULY 1, 2024

It should outline steps for containing, investigating and fixing any breaches quickly to minimize impact. Again, partnering with knowledgeable service providers who can stay up-to-date on current regulations or consulting legal experts can help businesses stay on top of regulatory compliance. Have an incident response plan.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Fintech Review

DECEMBER 3, 2024

High-profile data breaches often make consumers wary of storing sensitive information digitally. Regulatory compliance adds further complexity, demanding robust systems and staff training. Digital wallets, for instance, attract users by streamlining purchases and offering cashback.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

MAY 30, 2016

As the fallout over SWIFT’s cyber breaches continues, the U.K. lenders and government officials are looking at rule changes that would mean online banking customers with insufficient online security could face getting removed from the banking system altogether should a security breach occur.

Cybersecurity 40

Cybersecurity Breach Regulatory Compliance Rules 40