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Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. The final chapter in the digital banking transformation has not been written.

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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

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Israel Approves New Digital Bank

PYMNTS

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.

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4 considerations for banking leaders concerned about cyber security

NCR

An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. Cyber Incident Response Plan.

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CFPB penalizes credit union over 'botched' digital banking upgrade

American Banker

The agency said VyStar customers took on fees and credit report demerits because they could not access banking functions for months following an attempted upgrade.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

as they upgrade their online data and financial rules to support global digital banking innovations. Banks and merchants may also need to confront outmoded perceptions of Chinese cybersecurity and banking laws and be aware of the government’s role in enforcing such rules. Confronting the Chinese Privacy Myth .

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The top 4 trends banks can’t ignore in 2019

Cisco

While banks work to build the right customer experience across channels, emerging technologies like voice-first banking and intelligent chat bots gain footing. It’s clear intelligent assistants will begin to play a significant role in consumer digital banking transactions. Cyber security is more than just “top of mind.”

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