Accenture

FEBRUARY 16, 2016

Following my previous blog about Big Data Analytics and Cyber-Security, this second post in my series on payments highlights banks and FinTech hubs as well as blockchain and cryptocurrencies that continue as important priorities for banks. Banks & FinTech Hubs Strong growth. Read more.

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cryptocurrency blockchain Cyber Security Fintech 156

Accenture

FEBRUARY 24, 2016

Along with Big Data analytics, cyber security, FinTech Hubs, blockchain & cryptocurrencies, real-time payments and APIs were key themes and at Sibos 2015. They are perhaps the hottest topics of all in payments at the moment. Real-Time Payments Currently, just. Read more.

Cyber Security 150

Cyber Security Payments Big Data cryptocurrency 150

PYMNTS

OCTOBER 17, 2016

Data from Britain’s Financial Conduct Authority (FCA) show that U.K. Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks believes that banks are under constant attack. Bank customers are just as concerned with security and stable service as loan or deposit rates. ” said Oerting.

Cyber Security 100

Cyber Security Data Security Regulation 100

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G Security Holes? As well, the 21-page report found that 5G “security goals are underspecified,” among other problems. Government Role?

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Security Mobile Technology Cyber Security 143

Abrigo

DECEMBER 5, 2016

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. I know a lot of people do not take security awareness seriously, but for Sageworks, the No. Develop a security awareness program.

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Cyber Security Security Software Meeting 150

PYMNTS

JULY 4, 2018

Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. billion last year. The company also reported that 209,000 U.S.

Cyber Security 192

Cyber Security Examples Security Data 192

Insights on Business

MAY 18, 2018

The world’s data is doubling every 12 months. And financial transactions are among a fast-growing subsection of data types. It’s a model where we gather data, convert it into knowledge, create real-time insights from that knowledge and turn those insights into better decisions, actions and, ultimately, outcomes. Efficiency.

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Operations Security Cyber Security Customer Experience 93

PYMNTS

JANUARY 10, 2021

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

Cyber Security 202

Cyber Security Security System Operations 202

Perficient

JUNE 22, 2020

He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same. Analogical Characters: There are different types of hackers in the cyber-security. He suspects the inside job.

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Operations Cyber Security Security Risk Management 309

PYMNTS

MAY 18, 2018

After learning of a potential data breach, Tidal ’s CEO Richard Sanders said that the company “immediately” tried to find the source of the issue, and alerted the authorities. The company has also sought outside help, MacRumors reported. “We

Data 109

Data Cyber Security United States Security 109

PYMNTS

JUNE 29, 2020

Cybersecurity and Infrastructure Security Agency and Britain’s National Cyber Security Centre found a wave of cyberattacks taking advantage of COVID-19 in the U.S. As of March 2017, the Justice Department said there were 10,901 registered members of the group which perpetrated $2.2 In April, a joint study by the U.S.

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Nevada Cyber Security Study Security 201

PYMNTS

NOVEMBER 21, 2019

KPMG is rolling out a new payments security solution targeting B2B payments fraud, the company said Thursday (Nov. A press release said KPMG is collaborating with cybersecurity provider nsKnox to roll out its KPMG Secure Payments tool, distributed and serviced by KPMG Israel.

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Fraud Security Payments Cyber Security 111

Bobsguide

OCTOBER 25, 2017

50 years on, David Beach, reporter at bobsguide, attended RBR's ATM & Cyber Security event in London, slightly sceptical as to where ATMs fitted into an oft-predicted cashless society. With the rise of biometrics and Big Data, surely. In 1967, the first ATM hit the UK’s high streets.

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ATM Cyber Security Security Meeting 90

PYMNTS

NOVEMBER 8, 2016

That agency is working alongside the National Cyber Security Center in the investigation. Separately, the newswire reported that the U.K.’s s National Crime Agency is in the midst of a criminal investigation into the thefts. Tesco had on Monday halted online transactions tied to current accounts.

Cyber Security 173

Cyber Security National Online Security 173

Bobsguide

AUGUST 13, 2018

Just 56% of UK firms believe they have sufficient cyber security skill in-house to deal with increasingly potent and mission critical cyber attacks. Databarracks’ annual Data Health Check Survey questioned 400 IT decision-makers on a series of critical issues relating to their IT,

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Cyber Security Survey Security Data 115

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. When your AML software is hosted with a secure vendor, they will handle all upgrades and service packs with seamless updates to your AML systems. Let your vendor do the work for you.

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Software Cyber Security Security Community 195

Abrigo

OCTOBER 31, 2014

Startpage Web Search redirects your searches to Google, but only after scrubbing your identifying data to prevent it from being tracked. This secures your data and disguises your location. Use a Known Good Computer, or Live CD, such as the Air Force’s Lightweight Portable Security. Use a Virtual Private Network.

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Online South Carolina Google Cyber Security 199

FICO

JULY 31, 2019

What data is shared with the supplier? The first step is determining whether additional information is needed to assess cyber risk. Here, the firm may elect to set a score threshold — or a set of thresholds based on categorization and impact — to determine whether additional data is required. Where does the vendor operate (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

Payments Source

DECEMBER 2, 2020

Whenever a technology moves into the payments or financial data ecosystem, it alerts fraudsters to probe it more intensely — and ultimately, figure out a way to use it as an attack vector.

Security 160

Security Data Technology Payments 160

Bobsguide

MAY 23, 2018

Artificial intelligence has come on leaps and bounds in the past few years, with big data and cyber security adding much to financial service firms’ means of protection. Here, bobsguide speaks with Nezar Nassr, technical product manager and Nasser Sweileh, head of financial crime and.

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Cyber Security Big Data Payments Security 107

PYMNTS

MAY 9, 2016

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

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Cyber Security Survey Security National 100

PYMNTS

MAY 8, 2017

Still, there are plenty of data points that show how damaging a cyberattack can be on a small business. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. financial institutions, the cost of a single security incident could top nearly $1 million.

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Data US Guidelines Cyber Security 101

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. This unfortunately makes it an easy target for cyber attackers who are looking to make a quick buck."

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Fraud Cyber Security Data Software 177

Perficient

APRIL 2, 2021

It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. This application of AI may use traditional data or employ alternative data (such as cash flow transactional information from a bank account).

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Regulation Industry Risk Management Analysis 309

PYMNTS

NOVEMBER 28, 2019

“Ministry of Electronics and Information Technology (MeitY) has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking & Finance, Cyber Security and so on,” wrote Sanjay Dhotre.

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blockchain National Cyber Security Security 158

PYMNTS

MARCH 10, 2020

and verified that it was legitimate hacked user data, not fake information. was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. regularly, the FBI said.

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National Online New York City Cyber Security 134

PYMNTS

SEPTEMBER 17, 2018

In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. As many as 70 percent of attacks set their sights on small businesses, said the data. ” The Larger Trends.

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PYMNTS

FEBRUARY 6, 2019

Reuters , citing cybersecurity researchers, reported that the attack was part of a global hacking campaign initiated by the Ministry of State Security in China aimed at stealing intellectual property and corporate secrets.

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Software Company Cyber Security Security 123

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

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Cyber Security Report New York Massachusetts 100

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

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Cyber Security Survey Regulation Security 112

Cisco

JUNE 7, 2022

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

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Risk Management Management Cyber Security Handbook 118

PYMNTS

NOVEMBER 8, 2016

That agency is working alongside the National Cyber Security Center in the investigation. Separately, the newswire reported that the U.K.’s s National Crime Agency is in the midst of a criminal investigation into the thefts. Tesco had on Monday halted online transactions tied to current accounts.

Cyber Security 133

Cyber Security National Online Security 133

PYMNTS

FEBRUARY 24, 2020

as they upgrade their online data and financial rules to support global digital banking innovations. Its policies mandate that corporations share private data with it, for example, meaning Chinese regulatory innovation requires serious consideration from any entities that wish to work there. Confronting the Chinese Privacy Myth .

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Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 30, 2016

On Thursday, October 13th at 1:00 PM (EST) , MPD CEO Karen Webster will be joined by Michael Reitblat, CEO of Forter , for a live digital discussion where they will dive into the data from the Q3 2016 Global Fraud Attack Index. DIGITAL DISCUSSION PRESENTER. Michael Reitblat. Co-founder and CEO of Forter.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

JANUARY 9, 2020

The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data. Travelex said it had contained the ransomware and investigations show that customer data was not compromised. “We But you will lose your time and your data, cause just we have the private key.

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Cyber Security Groups System Data 131

American Banker

NOVEMBER 16, 2020

Corporate breaches facilitated by employees — often accidentally — rose significantly this year, and banks have been particularly hard hit. Here's why.

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Security Data Cyber Security 98

PYMNTS

SEPTEMBER 24, 2018

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? According to Bank Info Security , quoting U.K.-based 21 to Sept. litigation.”.

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Data Cyber Security Regulation social media 152