Fintech News

FEBRUARY 21, 2024

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. Additionally, research into Quantum Key Distribution (QKD) technology is underway, aiming to create secure methods for distributing encryption keys.

Third Party Vendors 111

Third Party Vendors Cybersecurity Mitigation Encryption 111

Fintech News

FEBRUARY 4, 2025

Adopting multi-layered security protocols beyond two-factor authentication, such as tokenisation, encryption, and biometric authentication, can further strengthen security. For Businesses: Implementing AI and machine learning tools can analyse transaction data, detect suspicious patterns, and flag high-risk transactions before they occur.

Fraud Prevention 96

Fraud Prevention Phishing Authentication Disputes 96

VISTA InfoSec

AUGUST 8, 2023

It can affect productivity, but you can mitigate the impact of attacks by deploying protective gear and training systems for your business and employees. Encrypting your most critical data in return for a huge payment before restoring access. Also, ensure you don’t share the key or password in the encrypted document.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. Mitigating the risks: Best practices for firms One of the most important steps to mitigating the risks is ensuring AI transparency and explainability.

Privacy 88

Privacy Payment Security AI Security 88

EBizCharge

DECEMBER 18, 2024

Here are four main functions and purposes of clearinghouses: Risk mitigation: The clearinghouse aims to mitigate risk by ensuring each party fulfills its obligations to reduce the chances of a party defaulting. These clearinghouses provide stability and mitigate risk in futures markets.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

VISTA InfoSec

SEPTEMBER 25, 2024

To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

JULY 31, 2023

Protect Stored Cardholder Data: PCI DSS Requirement 3 reduces risks of storing sensitive data by using encryption, truncation, masking and hashing to protect cardholder data from hackers; thereby ensuring compliance with regulations. Hackers target data in transit, making it important to implement safeguards and encryption measures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

VISTA InfoSec

APRIL 12, 2024

Moreover, proxies can encrypt your data, adding an extra layer of security that shields sensitive information from hackers and eavesdroppers. To mitigate these risks, it’s vital to adhere to best practices, like choosing reputable proxy providers, regularly updating proxy server software, and implementing robust authentication methods.

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

Segpay

FEBRUARY 21, 2024

This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 105

AI Innovation Fraud Detection Encryption 105

BNG Payments

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. To do so, you need to ensure that all of your web pages are encrypted and that you have a secure checkout process.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

Fi911

FEBRUARY 26, 2025

Control Objective 2: Protect Cardholder Data Protect Stored Cardholder Data: Store only essential data and encrypt it using robust algorithms such as AES-256. Encrypt Transmission of Cardholder Data Across Open Networks: Use secure protocols like TLS or IPsec to prevent data interception during transmission.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

VISTA InfoSec

DECEMBER 19, 2024

Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Regularly review and update user access privileges.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

VISTA InfoSec

SEPTEMBER 5, 2024

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. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

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. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

APRIL 28, 2024

offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks. Encryption of cardholder’s data across all networks. It is of utmost importance for banks to ensure the safety and security of the cardholders’ data.

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

EBizCharge

JANUARY 14, 2025

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Strong encryption builds trust with customers and reduces the risk of data breaches. Fraud detection and prevention are critical features of a payment gateway.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

PYMNTS

MARCH 8, 2017

Through the partnership , Bluefin’s PCI-validated point-to-point encryption (P2PE) solution will be used to help expand the data security for companies utilizing FAC’s payment gateway. where you have many validated P2PE providers, they don’t have the PCI-validated P2PE tools within their region to mitigate their risks.

Encryption 40

Encryption Data Breach Payment APIs and Integration Point-of-Sale (POS) 40

PYMNTS

FEBRUARY 2, 2017

But cybersecurity threats can negatively impact a company in a multitude of ways, from threatening a firm’s expansion into new markets, to hampering product launches, to being able to mitigate fraud risk without having to turn away customers. Wishful Thinking.

Security 65

Security Encryption Cybersecurity Law Enforcement 65

Fintech Review

AUGUST 7, 2024

Enhanced Security and Risk Mitigation Digitalizing trade documents, including the eBL, brings added security by reducing the risk of fraud, loss, or damage. The utilization of advanced encryption technologies and digital signatures ensures the authenticity, integrity, and non-repudiation of the electronic documents. billion annually ].

Risk Mitigation 102

Risk Mitigation Mitigation Facilitators Disputes 102

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

VISTA InfoSec

AUGUST 22, 2023

Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans. Implementing Protective Measures: Organizations must implement robust measures, such as encryption and access control, to protect biometric data. Robust consent mechanisms and data control options are crucial.

Privacy 130

Privacy Legal Compliance Best Practices 130

Fintech News

APRIL 22, 2024

SecIron Enhances Mobile App Security SecIron emerges as a critical solution provider in the mobile security space in Indonesia to the fight against cyber threats, offering cutting-edge cybersecurity solutions designed to mitigate the risks posed by malware and phishing attacks. Finally, SecIron understands the importance of data privacy.

Phishing 116

Phishing Security Blocks Cybersecurity 116

Fintech Finance

MARCH 3, 2025

It evaluates compliance across five trust principles: Security (protection against unauthorised access), Availability (service reliability and uptime), Processing Integrity (accurate and complete data handling), Confidentiality (encryption of sensitive information), and Privacy (compliant personal data processing).

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Stax

MARCH 13, 2025

Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). Interchange fees help mitigate the financial impact of these risks, ensuring cardholders can continue to access credit. Swipe fees fund these initiatives and cover the maintenance costs.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. When developing innovative solutions, my team and I take a strategic approach, carefully assessing potential future risks and proactively implementing measures to mitigate them.

Regulatory Compliance 88

Regulatory Compliance AML Compliance PCI DSS 88

The Payments Association

DECEMBER 18, 2024

.” Tim Joslyn, chief technology officer , states, “Quantum computing is no longer a distant futureits advancing rapidly, with researchers from Shanghai University demonstrating breakthroughs in cracking encryption algorithms.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

The Fintech Times

MARCH 14, 2024

Furthermore, e-wallets offer enhanced security features such as PIN codes, biometric authentication, and encryption, mitigating the risk of theft or fraud associated with carrying physical cash.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

VISTA InfoSec

DECEMBER 19, 2024

Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Regularly review and update user access privileges.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

EBizCharge

MARCH 31, 2025

Additional security features, such as tokenization, encryption, fraud detection, and chargeback prevention tools, help safeguard customer data and reduce the risk of fraudulent transactions. Compliance with various security protocols and regulations is crucial to maintaining a secure and trustworthy payment environment in Sage.

Service Provider 52

Service Provider MSPS Payment Gateways Gateways 52

Stax

NOVEMBER 14, 2024

All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment. Chips uniquely encrypt the card information each time it is used. Point-of-Sale Point-of-sale systems are huge for restaurant and retail locations.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. This means that even if unauthorized access occurs, the actual payment card information remains inaccessible, mitigating the risk of data breaches.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Stax

DECEMBER 9, 2024

Learn More Steps you can take to reduce chargebacks To mitigate the impact of chargebacks and protect their businesses, merchants should take proactive measures. By showing customers that their concerns matter, businesses can mitigate the negative effects of chargebacks and foster long-term loyalty.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88