VISTA InfoSec

OCTOBER 21, 2024

Continuous Monitoring: Organizations need to continuously monitor their controls if they are to maintain their compliance with SOC 2 as it’s not like a one-off thing. Continuous Improvement: A continuous improvement process must be put in place in order to regularly check and upgrade controls.

Audit 135

Audit Compliance Procedures Best Practices 135

Fintech Finance

JUNE 21, 2024

Using a specialist payments provider overcomes these operational challenges and mitigates client money risks, enabling legal teams to focus on delivery of their legal services. At KPMG Law, we choose technology suppliers that create efficiency, mitigate risk and uphold rigorous standards for regulation and security.

Laws 91

Laws Legal Mitigation Payments 91

PYMNTS

AUGUST 3, 2020

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13 ” $18.5

B2B 131

B2B FPC Scams Email Compromise 131

VISTA InfoSec

FEBRUARY 13, 2024

Employees who are aware of the risks associated with cyber threats and the steps they can take to mitigate these risks form a solid first line of defence against bad actors in the digital sphere. By regularly conducting these tests, businesses can preemptively discover areas of exposure that cyber attackers could potentially exploit.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 90

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 90

VISTA InfoSec

JANUARY 18, 2024

As we continue our exploration of the updated PCI DSS v4.0, These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches. Additional security measures are documented and put into effect that mitigate the risk of using insecure services, protocols, or daemons.

PCI DSS 288

PCI DSS Procedures Encryption Security 288

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. The solution is now live and available to all merchants on Ravelin’s platform. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 87

Fraud Prevention Fraud Detection AI Disputes 87

Fintech News

APRIL 28, 2024

Introduced in October 2022, the BNPL Code of Conduct aims to mitigate risks of consumer over-indebtedness and ensure fair practices within the sector. MAS will continue to work with the industry to ensure that the BNPL Code of Conduct remains effective in upholding users’ interests.”

BNPL 96

BNPL Compliance Accreditation Consumer Protection 96

Fintech Review

FEBRUARY 13, 2024

Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

PYMNTS

NOVEMBER 19, 2020

In the Wells Fargo release, Mary Mazzochi , senior vice president and manager of the Commercial Card product suite at Wells Fargo, said: “It’s important we continue to introduce simple ways to help our customers transition to new digital payment strategies by using products and channels they are already familiar with.

Payments Tools 124

Payments Tools Commercial Card Payments Digital Payments 124

The Fintech Times

JANUARY 10, 2024

per cent) and with associated high costs Data and sustainability join the priority charts Meanwhile, with continued higher demand for hybrid and remote working, investment in collaboration and communication technology supports and improves efficiency and productivity regardless of location.

Cybersecurity 120

Cybersecurity AI Risk End User 120

Fintech Finance

SEPTEMBER 13, 2024

As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments 120

Instant Payments Faster Payments FPC Real Time Payments 120

Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. Many new forms of fintech services are coming up, so outsourcing will be a continuous demand.

FinTech 91

FinTech Mitigation Risk On-Demand 91

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Payments Association

DECEMBER 9, 2024

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems.

Privacy 88

Privacy AI Payment Security Security 88

Fintech Review

MAY 7, 2024

This significant shift enables faster and more precise evaluations of potential risks, effectively transforming the methodologies financial institutions use to manage and mitigate these risks. This dynamic learning process allows them to adapt and improve continuously. Over time, they consistently enhance financial security levels.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech News

AUGUST 20, 2024

Dian highlighted that while digitalisation offers significant efficiency benefits, it also introduces challenges and risks that must be mitigated to ensure banking stability. “This requires a resilient banking system because it can affect the continuity of bank operations and businesses.

AI 96

AI Mitigation Assessments Risk 96

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech Finance

NOVEMBER 6, 2024

“We are excited to introduce the Confirmation of Payee service to our clients, as we continue to prioritise their financial security and peace of mind in every transaction,” said James Hickman, CEO at Finseta.

Payee 84

Payee Payment Security Security Regulatory Compliance 84

Fintech News

APRIL 22, 2024

Despite its operational achievements and strong sales, a source close to the company pointed out that Bambu faced significant challenges in operations and technology, which were only partially mitigated by hiring competent executives later in its journey. “We had some great clients.

Shutdown 94

Shutdown Advisors Mitigation Consulting 94

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings.

Fraud Prevention 78

Fraud Prevention Financial Crimes Value Added Service AI 78

Fintech News

OCTOBER 15, 2024

Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. We are excited to continue working closely with Sumsub to provide great experiences for our users. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 89

Verification Fraud Detection Money Laundering Compliance 89

Fintech Finance

DECEMBER 11, 2024

Through regular Innovation Days, Armalytix continues to develop features like Large Items Insights, which helps identify and mitigate potential financial risks more effectively. The partnership goes beyond simply gathering basic financial information.

Laws 88

Laws Transactions FinTech Legal 88

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Banks must, therefore, prioritise resilience and continuity as never before. Zero Downtime ensures continuous service availability, eliminating the concept of ‘offline’ in financial services.

Finance 102

Finance Risk Mitigation Automation AI 102

VISTA InfoSec

OCTOBER 25, 2023

Exploring Risk Treatment Options: When risks surpass acceptable levels, explore various mitigation strategies. Continuing Current Controls: If existing controls effectively reduce risk, maintain them. The RTP should detail each identified risk, propose actions to mitigate them, and assign responsible parties.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Fintech News

MAY 22, 2024

Continuous monitoring of attempted transactions on compromised cards further mitigates fraud and enhances cybersecurity. As a result, Mastercard can alert banks more swiftly and accurately when a card is likely compromised, allowing for timely blocking and reissuance of cards.

Compromise 90

Compromise Visa AI Fraud Detection 90

Fintech News

JUNE 10, 2024

Maintaining routine backups of critical data is essential for ensuring business continuity. In addition to backups, developing comprehensive incident response and business continuity plans is vital. Business Continuity Plans (BCPs) should be tailored to minimise the impact on business operations in the event of an attack.

Ransomware 75

Ransomware Authorization Phishing Cybersecurity 75

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Incident Response and Business Continuity A GDPR-compliant password policy should be part of a broader cybersecurity strategy that includes incident response management and business continuity planning.

MFA 130

MFA Credential PCI DSS Compliance 130

Finextra

MAY 7, 2024

Scott Olson, CMO, Outseer, taps into insights from their upcoming ‘Global Fraud and Scams Trend Report’ to explore what has exerted the most significant influence on fraud threats and mitigation since 2023.

Phishing 64

Phishing Scams Mitigation AI 64

Fintech Review

JULY 2, 2024

Machine learning algorithms continuously learn from data inputs, refining their analyses and predictions over time to stay ahead of evolving compliance challenges. This predictive capability allows firms to implement preemptive measures, thereby mitigating risks and maintaining regulatory compliance more effectively.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech Review

MARCH 27, 2024

My journey continued to a fund, where, amidst the 2007 financial crisis, I spotted a unique opportunity. By committing to these practices, companies can mitigate bias, promoting fairness and inclusivity in AI applications. What is your background, and the story of your latest venture Pulse?

AI 99

AI On-Demand Finance Regulatory Compliance 99

VISTA InfoSec

OCTOBER 20, 2023

Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. 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.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech News

FEBRUARY 21, 2024

These tactics, which blend social engineering with fraudulent investment opportunities, underscore the need for continuous vigilance and education within the crypto community. Such measures were designed to discourage speculative trading and mitigate financial risks for retail investors. billion (SG$20.06

Crime 91

Crime Ransomware Scams Stablecoins 91

Fintech News

NOVEMBER 27, 2024

The need for such solutions is critical as blockchain-related crime continues to rise. By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs). said Ilya Brovin, Chief Growth Officer at Sumsub.

Crime 93

Crime Financial Crimes Travel Rule Blockchain 93

Fintech News

JULY 1, 2024

The evolving global terrorism landscape necessitates regular updates to Singapore’s risk assessments and counter-terrorism strategies given its status as a global financial and business hub Singapore employs a comprehensive, government-wide approach to identify, monitor, and mitigate terrorism financing risks.

Risk Assessment 92

Risk Assessment Assessments Risk Finance 92