The Fintech Times

JUNE 20, 2024

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

Risk 58

Risk Cybersecurity Data Breach Ransomware 58

PYMNTS

FEBRUARY 28, 2019

According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. One of the largest security challenges of an acquisition stems from the risk exposure an acquiring company faces if it has not fully assessed the cybersecurity strength of its acquisition target. ” Business Partners At Risk.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. A recent research report released by eSentire found that indeed, vendors present a significant cyber risk to organizations. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

MAY 15, 2017

The news that hit Friday afternoon that malware and ransomware were racing across the globe at a breakneck pace, infecting computers at companies across verticals and causing havoc, brought cybersecurity to top of mind, yet again. . And yet, even as technology advances, one size does not fit all, the duo agreed.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

The Finance Weekly

JULY 7, 2022

1) Increased Cybersecurity Risks. Cybersecurity is talked about constantly, yet it is still something that many companies aren’t prepared for. The last step is changing the company culture to ensure that everyone is aware of the cybersecurity threats. 2) Third-Party Risk Management Framework.

Risk 52

Risk Cybersecurity Risk Management Third Party Vendors 52

The Fintech Times

JUNE 7, 2024

The copilot plug-in is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system including Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents.

Financial Crimes 63

Financial Crimes Crime AI Third Party Vendors 63

PYMNTS

NOVEMBER 15, 2016

Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. Department of Commerce, acknowledged that cybersecurity may not be at the top of SMEs’ priority lists. Of course, NIST suggests seeking outside help when SMEs decide to implement a cybersecurity plan.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

FICO

AUGUST 4, 2020

This information is used to train a machine learning model that produces a risk score that forecasts the likelihood of a future breach event for a given company or its third-party vendors.

Risk 52

Risk Third Party Vendors Risk Assessment Security 52

PYMNTS

AUGUST 13, 2018

Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities.

FBI 58

FBI ATM Scams Third Party Vendors 58

PYMNTS

MAY 13, 2016

We also are fully cooperating with law enforcement authorities.” ” “Until this investigation is completed,” continues the statement, “it is difficult to determine with certainty the nature or scope of any potential incident.”

Breach 43

Breach Third Party Vendors Law Enforcement Credit Union 43

FICO

JULY 23, 2020

I recently spoke with Chris Wallace, Director of Cyber Risk at T-Mobile , on how his team of professionals is managing the additional risk that fourth parties — companies that T-Mobile’s 30,000 existing third-party vendor partners may subcontract to — can introduce. . Identifying Critical Third-Party Connections.

Risk 52

Risk Third Party Vendors Assessments Risk Management 52

PYMNTS

MARCH 6, 2017

While the types of data breaches now vary – from ransomware, to phishing emails, to insider attacks – malware continues to be a major culprit, with the AT&T Market Pulse: The Global State of Cybersecurity survey finding that 90% of U.S.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

NOVEMBER 15, 2018

The research also found that 22 percent of respondents admitted they didn’t know if they had a third-party data breach during the past 12 months, and more than three-quarters of companies think third-party cybersecurity breaches are increasing.

Data Breach 78

Data Breach Breach Risk Risk Management 78

PYMNTS

APRIL 18, 2016

After a much-publicized standoff, the government dropped its case, claiming it had been approached by a third-party vendor offering a way into the phone. The FBI put pressure on Apple to design custom software that would allow them to unlock an iPhone belonging to Syed Farook, one of the shooters.

Government 40

Government Governance FBI Third Party Vendors 40

PYMNTS

AUGUST 4, 2017

Typical advice from top security officials can range from being careful with third-party vendors to giving consumers more control over their own data. Ask different security experts, and there does not appear to be a one-size-fits-all approach to cybersecurity.

Posting 44

Posting Consumer Data Breach Third Party Vendors 44

PYMNTS

JULY 31, 2017

We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. who has advised South Korean law enforcement on cybersecurity issues. Codel, head of consumer lending at Wells Fargo, said in an interview. “We

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40

PYMNTS

MAY 19, 2017

Beyond that, free shipping on orders above $35 (and with no attendant membership fee, such as that seen levied by Amazon) has done well for the firm, as it has been expanding its online offerings by dint of expanding its third-party vendor roster, with a boost to 50 million items from 10 million last year. .

Bitcoin 52

Bitcoin Online and Mobile Banking Third Party Vendors PayPal 52

PYMNTS

AUGUST 20, 2018

Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

AUGUST 20, 2018

Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities.

FBI 40

FBI Zelle Credit Cards ATM 40

CB Insights

JULY 23, 2020

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. Beyond the office: cybersecurity and at-home network security. TABLE OF CONTENTS.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

CB Insights

JUNE 6, 2019

The Secret Service informed Altrec that the attackers had exploited a vulnerability in the payments processing system of a third-party vendor. Although the precise number of AmEx cardholders affected was never determined, Altrec notified approximately 100,000 of its customers as a precaution.

Breach 78

Breach On-Demand Product Acquirers 78

Fintech Labs Insights

JULY 22, 2015

Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients. Collecting logs is essential for modern cybersecurity and digital forensics.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API Non-Bank 29

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. The 156 shipments could have yielded a maximum fine of more than $40.8 million, reports said, but e.l.f.

Settlement 43

Settlement Compliance Risk OFAC 43