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

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

Authentication 130

Authentication MFA Cybersecurity Credential 130

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

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.

PCI DSS 88

PCI DSS Credit Cards Compliance Process 88

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

PYMNTS

JUNE 29, 2020

Open banking is typically achieved via application programming interfaces (APIs), sets of rules and procedures that permit developers to create algorithms and applications that access features or data or interact with other systems. Requiring any two of these three data points is enough to protect against 99.9

MFA 96

MFA Risk Security API 96

VISTA InfoSec

FEBRUARY 28, 2024

Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Interview those in charge: do these accounts follow these strict procedures? Terminology update to reflect broader authentication technologies. Requirement v3.2.1 (8.7) Greater emphasis on granular access control.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

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

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

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139