VISTA InfoSec

JANUARY 18, 2024

c: Conduct interviews with personnel and review supporting documentation to confirm the following: - All vendor defaults, including default passwords on operating systems, security software, application and system accounts, POS terminals, SNMP community strings, and so on, are changed before a system is installed on the network.

PCI DSS 288

PCI DSS Procedures Encryption Security 288

The Fintech Times

SEPTEMBER 20, 2024

Shockingly, 19 per cent suggested that one in four cases consisted of altered documents using AI. “The use of readily available AI tools to create and edit supporting documents for insurance claims is prolific, an issue that insurers need to regain control of by fighting AI with AI. appeared first on The Fintech Times.

AI 105

AI Database Research Automation 105

Fintech Review

AUGUST 7, 2024

In today’s interconnected world, digitalizing trade documents is transforming international trade in significant ways. This article explores the implications and numerous benefits of digitalizing trade documents. Instead of paper-based documents, the eBL operates on a digital platform. billion annually ].

Risk Mitigation 80

Risk Mitigation Mitigation Facilitators Disputes 80

Stripe

JUNE 5, 2024

In this blog post we’ll share an overview of Stripe’s database infrastructure and discuss the design and application of the Data Movement Platform.

Database 145

Database Posting 145

VISTA InfoSec

JULY 1, 2024

AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. American chip giant Advanced Micro Devices, Inc.

CHIPS 250

CHIPS Cybersecurity Data Breach Breach 250

Finextra

NOVEMBER 19, 2024

Digital document manipulation using AI and deepfakes have been revealed as the biggest growing threats facing the financial services industry going into 2025, according to a report by the Entrust Cybersecurity Institute.

Deepfake 75

Deepfake AI Cybersecurity 75

PCI Security Standards

MARCH 27, 2024

on 31 March 2024 , organizations will be transitioning to new validation documents for their PCI DSS v4 assessments. With the upcoming retirement of PCI DSS v3.2.1

PCI DSS 204

PCI DSS Assessments Data Security Security 204

Payments Dive

NOVEMBER 15, 2024

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

Visa 179

Visa 179

The Fintech Times

NOVEMBER 20, 2024

In its sixth edition, the 2025 Identity Fraud Report found that attacks involving deepfakes happened every five minutes in 2024, and digital document forgeries increased by 244 per cent year over year. It is a staggering 1,600 per cent increase since 2021. per cent of attacks globally). per cent of attacks globally).

Deepfake 69

Deepfake Phishing Account Takeovers AI 69

VISTA InfoSec

FEBRUARY 25, 2024

Breaches involve stealing or leaking confidential data like customer records, passwords, financial documents, emails, or intellectual property that companies entrust to online environments. A data breach occurs when cybercriminals infiltrate your systems and access sensitive information without authorization.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

VISTA InfoSec

MARCH 5, 2024

Streamlined approach: document review to see if procedures exist, plus an interview check on backup site security. Emphasizes that formal, documented procedures must exist alongside checks to ensure they are followed. 2) Logs show they're followed Focus on formal processes and documented evidence. No changes. Remains unchanged.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

JANUARY 23, 2024

Scrutinize documented standards and juxtapose them with system configurations to ensure the application of security protocols and potent cryptography in all areas. a Review documented policies and procedures and conduct interviews with personnel to ensure processes are defined to include all elements specified in this requirement.

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Finextra

FEBRUARY 25, 2024

Lloyds has become the first UK bank to join the WaveBL electronic trade documentation platform, meaning its clients can transfer blockchain-based Bills of Lading across a network of members in 136 countries.

Blockchain 129

Blockchain 129

Fintech News

FEBRUARY 14, 2024

In particular, the report notes that the widespread adoption of digital alternatives for mainstream trade finance documents has remained a major sticking point. This can help mitigate value chain disruptions and allow stakeholders to avoid losses caused by inadequate documentation during supply chain interruptions.

Finance 123

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 123

Finextra

DECEMBER 17, 2024

The European Securities and Markets Authority (ESMA), the EUs financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA).

Authorization 52

Authorization Regulations Security 52

Open Banking Excellence

NOVEMBER 16, 2023

It allows people to share specific information with businesses who request it – such as name, date of birth or an ‘over 18’ proof of age – without having to show physical identity documents or share an excessive amount of personal data. Yoti verifies the authenticity of the document by completing a number of automated checks.

Government 130

Government Governance Authentication Interoperability 130

TechCrunch Fintech

AUGUST 20, 2024

Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all.

AI 107

AI Process Automation FinTech 107

VISTA InfoSec

MAY 24, 2024

Develop and document security policies and procedures tailored to business operations. While achieving compliance may seem like a daunting task for small businesses , it can be simplified by understanding the requirements, implementing appropriate security measures, and documentation. Conduct PCI DSS training for all employees.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

VISTA InfoSec

JANUARY 9, 2024

a Examine documented procedures to verify the presence of a formal process for the testing and approval of all network connections and changes to firewall and router configurations. by reviewing documented procedures. by reviewing documented procedures. PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 113

PCI DSS Procedures Authorization Security 113

The Fintech Times

FEBRUARY 27, 2024

Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, in an effort to unlock new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs) and ditching paper forms. The vast majority of Bills of Lading are currently in paper form.

On-Demand 105

On-Demand SWIFT Legal Transactions 105

PCI Security Standards

SEPTEMBER 9, 2024

 This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.  

PCI DSS 119

PCI DSS Best Practices Payment Security Security 119

VISTA InfoSec

OCTOBER 21, 2024

Common SOC 2 Audit Problems: Documentation Overload: Documenting all your internal controls during an SOC 2 audit can be quite a challenge. Leverage Technology: The gathering of documents and evidence can be made simpler by using compliance management software.

Audit 135

Audit Compliance Procedures Best Practices 135

Fi911

MARCH 14, 2024

Necessary Documentation to Provide a MID to a Merchant Before issuing a merchant identification number, banks or payment processors need to conduct due diligence to verify the legitimacy and financial stability of the merchant. The same applies for the documentation needed to issue a MID, and the criteria for termination.

Due Diligence 103

Due Diligence Processors Fraud Detection Money Laundering 103

Finovate

JUNE 11, 2024

An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

Fintech News

JULY 10, 2024

The customer claimed he needed the funds to help his son purchase an HDB flat but was unable to provide supporting documents. Following the fraud team’s advice, the withdrawal was withheld until proper documentation or a police report could be presented.

Scams 110

Scams Returns Continuity FinTech 110

VISTA InfoSec

JANUARY 22, 2024

a Confirm assignment of roles for Requirement 3 activities through documentation review. Confirm this by examining data stores, system settings, and vendor documents. b Check system configurations to ensure that full PAN is displayed only for users/roles with a documented business need and masked for all other requests.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

Fintech Finance

NOVEMBER 12, 2024

It’s built on knowledge from over 300 payment projects for world-leading banks and the most comprehensive library of global payments documentation. Regulatory and project documentation updates that used to take weeks can be completed in under a day, saving banks millions of dollars and months of work. AnaylstAccelerator.ai

ISO 20022 98

ISO 20022 AI FedNow RTP 98

Electronic Payments Coalition

DECEMBER 12, 2023

The Electronic Payments Coalition (EPC) issued a new document examining the negative effects the credit card mandates, similar to those imposed in Europe, would have on American consumers and the nation’s economy.

Credit Cards 119

Credit Cards Payments Economy Government 119

Payments Dive

OCTOBER 8, 2024

Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Laws 97

Laws 97

Fintech News

DECEMBER 4, 2023

The Network for Greening the Financial System (NGFS) released a new technical document , focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation. The document outlines vital strategies to overcome these barriers.

Finance 109

Finance Mitigation Central Bank Authorization 109

Fintech Finance

NOVEMBER 13, 2024

Ditching physical documents for identifying digitally With fraud fears growing, nearly half (49%) of UK consumers are now open to replacing their physical documents—like driver’s licenses and passports—with a digital document to enhance the protection of their personal information.

Consumer 96

Consumer Crime Research Authentication 96

VISTA InfoSec

JULY 17, 2024

Create a clear policy document that outlines every step of your cybersecurity plan. The documents should also include detailed encryption standards Sensitive info should be protected during transmission and storage. Use simple language that’s easy to understand.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

The Fintech Times

JANUARY 17, 2024

Tomas Navickas, CTO and co-founder of myTU “Gone are the days of laboriously sifting through documents for hours. Interpreting the intent of unformatted conversational emails or deciphering a 100-page loan agreement document are unsolvable challenges using only rules and logic.

AI 128

AI FinTech Underwriting Due Diligence 128

Fintech News

APRIL 15, 2024

The committee reportedly had full access to all necessary resources, including company executives, personnel, and documents.

Legal 106

Legal Audit Non-Bank Research 106

Fintech News

FEBRUARY 7, 2024

According to TechCrunch , this deal could be worth “well above US$400 million” This move could significantly enhance Entrust’s identity verification offerings with Onfido’s advanced biometric and document identification technologies.

AI 115

AI Acquirers Verification Legal 115

Fi911

JUNE 18, 2024

Visa Resolve Online provides real-time updates, documentation support, and detailed case management tools, thereby enhancing transparency and reducing the time typically required to settle disputes. Retrieval Requests : Issuer’s requests for specific documentation from the merchant to verify the validity of the transaction.

Disputes 80

Disputes Issuers Acquirers Compliance 80

Fintech News

OCTOBER 15, 2024

By incorporating features like document verification, face matching, and fraud detection, HashKey has improved verification speed while maintaining compliance with regulatory standards. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 109

Verification Fraud Detection Money Laundering Compliance 109