PYMNTS

DECEMBER 5, 2018

“It wasn’t really their fault, but that doesn’t matter,” explained Jonathan Simkins, chief financial officer of cybersecurity firm CyberGRX , to PYMNTS in a recent interview, reflecting on the repetitional damage that T-Mobile incurred. But the cyber risk is new.”

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

FEBRUARY 7, 2017

However, understanding cybersecurity isn’t only about tackling the negative. If you understand your organization’s cybersecurity posture , you can not only prevent loss but also benefit in at least two ways: 1. Customers worry about the cybersecurity risk you as a vendor could introduce to them. Getting cyber insurance.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

The Finance Weekly

OCTOBER 15, 2023

Regulatory Compliance: Stay compliant with financial regulations, monitoring and managing legal risks associated with AI implementation. Cybersecurity: Implement robust cybersecurity to guard against AI-related threats, regularly updating defenses against evolving cyber risks.

AI 130

AI Risk Data Security Automation 130

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. In its announcement , Mastercard noted that providing educational resources for small businesses to mitigate the risk of cyberattacks not only helps the individual businesses, but supports the economy at large.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

Finovate

JANUARY 17, 2025

“We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions, and consumer engagement tools. It also provides Breach Risk Scores that measure the severity of incidents in which their data was exposed, and a Personalized Action Plan of practical risk mitigation steps.

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

PYMNTS

APRIL 21, 2017

One startup focusing on enterprise cybersecurity blew the competition out of the water, accounting for nearly 80 percent of the total funds raised. Cybersecurity. It was a fairly quiet week for B2B startups on the venture capital front: Just three companies landed funding, all of which in the U.S., totaling $26 million.

Cybersecurity 76

Cybersecurity B2B Risk Mitigation Mitigation 76

FICO

JANUARY 24, 2018

Two of today’s hottest tech topics — cybersecurity insurance and artificial intelligence (AI) — were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Advisen: Barbican Takes a Leadership Stance on Cybersecurity Insurance. Here’s my take.

Cybersecurity 55

Cybersecurity AI Underwriting Risk 55

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Risk Focus In Flux. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

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. Early detection can help in the rapid mitigation of fraud.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

FICO

FEBRUARY 20, 2017

However, understanding cybersecurity isn’t only about tackling the negative. If you understand your organization’s cybersecurity posture , you can not only prevent loss but also benefit in at least two ways: 1. Customers worry about the cybersecurity risk you as a vendor could introduce to them. Getting cyber insurance.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. “The pandemic and the economic impact of it are a double-whammy for SMEs when it comes to risk via the supply chain,” explained Jake Holloway , chief product officer at Crossword Cybersecurity. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

JUNE 22, 2018

Instead, startups in the payments processing, commercial card and cybersecurity market landed the top rounds of the week — with one company securing a $3 billion valuation with its massive investment. According to the firm, it hopes to address the impending talent shortage in the enterprise cybersecurity market. Drip Capital.

Cybersecurity 52

Cybersecurity B2B Payment APIs and Integration Commercial Card 52

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

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. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech 107

FinTech Mitigation Risk On-Demand 107

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

FICO

DECEMBER 19, 2016

In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about their own cybersecurity.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

JUNE 23, 2016

It’s no surprise, then, that the cybersecurity market, already worth billions, is slated to hit a $170 billion market value by 2020, according to Forbes. Often, cybersecurity measures involve an intensive process by a third-party provider, which visits a company and scrutinizes the entity to assess its risk. ”

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

Nanonets

MAY 31, 2023

AI can help mitigate these issues. Cybersecurity, fraud detection, and risk management: According to a Deloitte report , antifraud professionals hold that organizations face a greater risk of fraud than ever before, thanks to the advent of supply chain globalization, reliance on information technology, and rising economic instability.

AI 122

AI Finance Fraud Detection Mitigation 122

PYMNTS

JANUARY 24, 2019

.” The kind of data that both procurement and compliance teams are looking to collect often involves information about third-party suppliers, including who their own third-party partners are, what their cybersecurity processes involve, whether they are on any sanction lists and even what the media is saying about that company.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices Mitigation 59

Fintech Review

FEBRUARY 7, 2024

A key issue is the need for robust cybersecurity measures. Reliance on third-party providers introduces risks of service disruptions and data breaches. They are using innovative strategies and risk mitigation to stay secure in the digital economy. Continuous technology updates are essential.

FinTech 105

FinTech Non-Bank Risk Mitigation Data Breach 105

The Fintech Times

JULY 29, 2024

They invest in advanced cybersecurity protocols to safeguard sensitive information and employ AI-driven algorithms for continuous monitoring and risk mitigation. Handling sensitive financial data, successful platforms invest heavily in cybersecurity measures to protect against breaches, building trust with users.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

PYMNTS

OCTOBER 17, 2016

From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. That hurdle was the top listed by survey respondents, though risk mitigation, revenue growth promotion and financial analysis were also commonly cited.

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

PYMNTS

OCTOBER 23, 2018

Grosman added this analysis is important to mitigate systemic risk across the world’s banking industry and bolster the “integrity and robustness of the sector.” “Cybersecurity is the most important corporate governance issue we face,” said SEC Commissioner Robert Jackson, Jr. ”

Government 57

Government Governance Cybersecurity Mitigation 57

Stax

AUGUST 22, 2024

To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts. Regulatory compliance risk To maintain the integrity of financial transactions and to protect cardholder data, any company dealing with payments must strictly adhere to laws and regulations.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JULY 13, 2016

On the other hand, supplier management is about mitigating the risk of working with unfamiliar suppliers or overseas partners. Farrell said corporations are vocal about their concerns regarding supplier risk. ” Research has also given reason to pay attention to vendor risk mitigation. .

Risk Mitigation 40

Risk Mitigation Mitigation Risk Automation 40

PYMNTS

APRIL 20, 2017

Schneider said that of all the risks a business can face today, cybersecurity and data security are top of the heap. As supply chains go global and businesses reach into new markets, ink partnerships and access services from more companies now than ever, the cybersecurity threat mounts.

Cybersecurity 46

Cybersecurity Data Breach Mitigation Breach 46

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. ”

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

CB Insights

OCTOBER 19, 2016

Last week, Aon agreed to acquire NY-based cybersecurity specialist Stroz Friedberg to “augment (its) risk-mitigation services, while also providing insights to help insurers expand and create new cyber offerings.” ” Earlier, Aon rival Marsh collaborated with Cyence to power its Cyber View … Continued.

Risk Mitigation 28

Risk Mitigation Cybersecurity Mitigation Acquirers 28

PYMNTS

SEPTEMBER 14, 2020

Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

Segpay

NOVEMBER 30, 2023

Cybersecurity and responsible gaming remain top priorities. One such challenge is securing reliable payment processing solutions, particularly if categorized as a high-risk merchant. High-risk payment processors can be the lifeline for these merchants, providing a gateway to growth and stability in a competitive market.

Processors 98

Processors Risk Regulations Identity Theft 98

PYMNTS

NOVEMBER 30, 2018

Cybersecurity risk management enterprise CloudSEK announced a $1.97 Based in Singapore, the company offers a SaaS solution for businesses to streamline their risk mitigation efforts. Another enterprise cybersecurity startup, Cybersprint , raised $2.28 Cybersprint.

Process 62

Process Participant CRM AI 62

PYMNTS

MARCH 15, 2017

Their overall dissatisfaction with the data technologies at their fingertips is revealed at a critical moment for enterprises everywhere as cybersecurity concerns continue to grow. Cybersecurity topped the list and was followed by third-party contracts and regulatory compliance.

Cybersecurity 42

Cybersecurity Risk Mitigation Regulatory Compliance B2C 42

PYMNTS

FEBRUARY 11, 2020

Even as businesses move away from physical paper, their reliance on email to transmit information between trading partners and players in the ecosystem exposes the trade finance arena to the growing risk of cyberattacks. “Traditionally, financiers had to take various methods to try and mitigate fraud,” Tarone noted.

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53