Remove Business Continuity Remove Mitigation Remove Third-Party Service Provider
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HIPAA Disaster Recovery Planning

VISTA InfoSec

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

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Understanding Risk Management Strategies as a PayFac

Stax

Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity. PayFacs need to continuously track the financial health, chargebacks, transactions, and compliance activities of all their sub-merchants.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Requirements related to business continuity and disaster recovery have also been included for the first time. Penalties for noncompliance may vary, and an extensive list of considerations and mitigating factors are provided.