VISTA InfoSec

SEPTEMBER 5, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security cant be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

JULY 31, 2023

Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Assign Risk Rankings : Newly discovered security vulnerabilities should be assigned a risk ranking of “high,” “medium,” or “low,” and appropriate mitigation measures should be prioritized accordingly.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Fintech News

MARCH 20, 2024

Fraud networks, engaging in activities like multi-accounting, money laundering, and personal data breaches, target digital platforms such as cryptocurrency exchanges, fintech applications, dating services, and online casinos. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 106

APACS Fraud Prevention Deepfake Account Takeovers 106

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. million in prohibited transactions.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

VISTA InfoSec

NOVEMBER 4, 2024

Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks. This could be from risk assessments to incident response, by incorporating these practices into day-to-day workflows you strengthen your organizations resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks. This could be from risk assessments to incident response, by incorporating these practices into day-to-day workflows you strengthen your organizations resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks. This could be from risk assessments to incident response, by incorporating these practices into day-to-day workflows you strengthen your organizations resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks. This could be from risk assessments to incident response, by incorporating these practices into day-to-day workflows you strengthen your organizations resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

VISTA InfoSec

NOVEMBER 12, 2024

Moreover, it reduces potential financial and reputational damage from data breaches and fines. Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Moreover, it reduces potential financial and reputational damage from data breaches and fines. Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential.

Risk Management 97

Risk Management Risk PCI DSS Process 97

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. if necessary?

Risk 70

Risk Security Risk Assessment Risk Management 70

The Finance Weekly

SEPTEMBER 23, 2021

It will ensure that regulatory standards are met while also reducing the risk of data breaches. Third-Party Risk Assessments: Conducting third-party risk assessments can assist in discovering vendor security flaws. You can identify potential hazards and take the necessary steps to mitigate them.

Risk Assessment 130

Risk Assessment Cross-Border AI Automation 130

Finovate

JUNE 4, 2024

The AMLYZE platform’s use of synthetic data and privacy enhancing technologies (PETs) enables aggressive adoption of AI and machine learning techniques and strategies that do not violate confidentiality or breach data privacy.

Financial Crimes 64

Financial Crimes Crime Risk Assessment AML 64

FICO

APRIL 17, 2019

Based on the methodology, the higher the score, the lower the likelihood that an organization will experience a data breach in the next 12 months. Similarly, a lower score indicates greater risk of a successful data breach, based on five years of historic breach data. The scores reflect the probability of a data breach.

Cybersecurity 66

Cybersecurity Risk Data Breach Breach 66

Fintech News

JUNE 3, 2024

Cyber insurance, also called cyber liability insurance or cybersecurity insurance, covers financial losses that companies have as a result of ransomware attacks, data breaches and other cyber incidents. On the positive side, AI can also help improve cybersecurity by enhancing detection, response capabilities, and attack attribution.

Ransomware 107

Ransomware APACS Cybersecurity AI 107

The Fintech Times

JANUARY 28, 2025

Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds. A card can only be used for a transaction via the one owners fingerprints.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. This means PayFacs always need to be vigilant.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

FICO

AUGUST 4, 2020

Organizations need new tools that can help speed up the decision-making process, while having the confidence that these decisions can be backed by a complete and validated picture of vendor risk. However, organizations of all sizes need a fast, accurate and efficient way to assess vendor risk. by Manish Karir.

Risk 52

Risk Third Party Vendors Risk Assessment Security 52

VISTA InfoSec

OCTOBER 20, 2023

Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Neopay

MAY 7, 2024

The aim is to increase the obligation on firms to identify and block financial transactions that may breach international sanctions. The proposal emphasises the importance of notifying the FCA of sanctions breaches, ensuring transparency and compliance with regulatory expectations.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

PYMNTS

FEBRUARY 17, 2019

According to a report in Bloomberg , Yes Bank released findings from a Reserve Bank of India risk assessment report, saying that while the regulator found several breaches across different functions at the bank, it only found “nil divergences” in how the company assessed bad loans for the year ending in March 2018.

Audit 49

Audit Risk Assessment Assessments Regulations 49

PYMNTS

MARCH 12, 2018

The most devastating impacts of a data breach can only be avoided by both working to prevent a breach and by planning and preparing a response before an incident occurs,” Jerry Thompson, senior vice president of Intersections, told the publication in an interview.

Small Business 54

Small Business Cybersecurity Risk Assessment Data Breach 54

M2P Fintech

MARCH 24, 2025

AI, ML, and blockchain enhance risk assessment and security. Emphasis on Cybersecurity and Data Privacy Digital lending faces rising threats: data breaches from hacking, fraud via synthetic identities, account takeovers exploiting weak security , ransomware disrupting operations, and insider threats.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

The Fintech Times

SEPTEMBER 24, 2024

“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Finovate

FEBRUARY 15, 2024

Features Offers precision-tailored LLM specializing in financial data Delivers transparent data sourcing with detailed audit trails Provides advanced data security measures, mitigating breaches and compliance violations Who’s it for?

Due Diligence 59

Due Diligence Risk Assessment CRM AI 59

Seon

JUNE 24, 2024

By adopting proactive measures such as continuous monitoring, real-time analytics, and comprehensive risk assessment protocols, organizations can layer their defenses against identity-related threats. Digital footprint data serves as valuable forensic evidence in security incidents or breaches.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

JANUARY 25, 2018

Cyber attacks and data breaches are daily occurrences and the consequences for a company that falls victim can be significant and include: Brand damage and reputation loss. Vendors and partners will want to know the risk you pose to their cybersecurity posture, due to the business you conduct together. Credit risk.

Cybersecurity 49

Cybersecurity Risk Assessment Data Breach Due Diligence 49

Fintech Review

FEBRUARY 13, 2024

As services transition online, consumers face new risks, including data breaches, online fraud, and exposure to unfair practices. This monitoring is not only about risk assessment but also about understanding the interconnectedness of fintech operations with the global financial system.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

FICO

NOVEMBER 30, 2016

Mirai, Japanese for ‘future,’ has given us a view into the future through these attacks, which include data breaches and ransomware attacks through compromised IoT devices. I predict that we will see big advances in how ESS is adopted as an important risk assessment tool. Who’s scoring you now?

AI 108

AI Compromise Risk Assessment Assessments 108

PYMNTS

APRIL 12, 2017

Fueled by account takeovers facilitated by major data breaches, reports suggest that one out of every 86 CNP transactions today is deemed fraudulent, said Greg Bonin, COO of data-as-a-service company XOR Data Exchange. In simple terms, XOR gathers data on the information compromised in major breaches, Bonin said.

Account Takeovers 46

Account Takeovers Breach Risk Assessment Assessments 46

VISTA InfoSec

AUGUST 22, 2023

Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans. Facts on Biometric Data Breaches and Fines Under GDPR 1. This includes encryption, access management protocols, security assessments, and staff education on data protection. Clearview AI Inc.

Privacy 130

Privacy Legal Compliance Best Practices 130

FICO

DECEMBER 2, 2019

Worried about the rise in data breaches? Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors.

Risk 52

Risk Data Breach Breach Assessments 52

FloQast

APRIL 30, 2024

At their core, compliance programs are tasked with identifying and mitigating risks that could cripple organizations, from financial irregularities to data breaches. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money.

Compliance 105

Compliance Addressing Audit Risk 105

PYMNTS

JULY 24, 2020

As if hackers and data breaches and everyday card theft weren’t already off the chain, along comes COVID to embolden criminals and provide them with the cover of chaos to ply their trade. Better Together. The group also intends to develop the Financial Services Cybersecurity Profile, a list of cybersecurity guidelines for FIs to follow.”.

Financial Crimes 75

Financial Crimes Crime Cybersecurity Risk Assessment 75