VISTA InfoSec

JULY 31, 2023

Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers. Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

JUNE 9, 2020

For this reason, “Players in the space suggest that open banking could put know your customer (KYC) procedures on the fast track,” according to the May/June Tracker. SCA, MFA, All the Way. A primary way of doing that is to establish trust and ascertain that one’s new customers are real. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

PYMNTS

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. That’s changing now.

API 52

API B2B MFA Security 52

Stax

AUGUST 20, 2024

This process typically involves a two-step verification procedure that requires additional information from the customer, such as a PIN or one-time password. This is what’s commonly known as two-factor authentication (2FA) or multi-factor authentication (MFA). 3D Secure 2 (3DS2) meets the criteria for PSD2.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JULY 13, 2020

Sixty-five percent of FIs in a 2018 survey said they ask customers to answer security questions based on personal information, such as the names of their pets or the streets on which they grew up, as part of their authentication procedures. This method has downsides, however.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents. Certification A covered entity’s CISO and highest-ranking executive must annually file a notice of compliance with the DFS.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. Organizations must establish procedures for secure and compliant data deletion without compromising system integrity.

Privacy 59

Privacy Compliance CCPA Authentication 59

EBizCharge

JULY 19, 2024

PDF forms generally can’t enforce role-based access control or multi-factor authentication (MFA), which are fundamental to PCI compliance. Weak security access protocols Strong access control measures are critical PCI compliance components that ensure only authorized individuals access cardholder data. What happens if I’m not PCI compliant?

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Basis Theory

OCTOBER 1, 2024

Costs to Maintain and Assess PCI Compliance You'll need to draft, socialize, and track adherence to policies and procedures required by the PCI DSS. PCI additionally provides requirements and guidance around separating development and production environments, change management procedures, and common application vulnerabilities.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

EBizCharge

JULY 16, 2024

Return and correction procedures Following NACHA standards, financial institutions and other network participants must adhere to precise returns and error correction procedures to ensure seamless payments and regulatory compliance within the ACH network.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

NOVEMBER 12, 2019

Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. It is critical that platforms protect themselves against phishing and malware, Farris said. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. Make compliance part of your organization’s culture by conducting regular training and awareness programs for employees and reviewing and updating security policies and procedures.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Nanonets

SEPTEMBER 25, 2024

Regularly train staff on adjustment procedures to minimize errors.   Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches.  Establish a structured adjustment process with thorough documentation.

AI 52

AI Process Best Practices Reconciliation 52