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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PYMNTS

OCTOBER 13, 2020

An operating system that has been active for a minimum of three years, Tron , recently issued a DeFi token. DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020, Bloomberg reported.

Bitcoin 196

Bitcoin Cyber Security Groups Community 196

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

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PYMNTS

FEBRUARY 24, 2020

“As a leader in payments technology, Mastercard is to grow its workforce with notable investments in its artificial intelligence, cyber security, blockchain, user experience teams, and more. Mastercard first opened Ireland operations in 2008, with only 36 people on staff at the location.

Cyber Security 159

Cyber Security User Experience Technology blockchain 159

PYMNTS

JUNE 16, 2017

According to a press release , App Verify for iOS allows mobile app developers to streamline the onboarding account verification process to assist with increasing conversions and providing cyber security and identity assurance from fraud.

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Abrigo

OCTOBER 31, 2014

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. This is a Linux operating system that boots from a CD. Every time you reboot it’s the exact same, secure platform. Use a Virtual Private Network. Don West, CPA.CITP.

Online 199

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FICO

JULY 31, 2019

Where does the vendor operate (e.g., Another reason to consider your firm’s risk relative to the ABC National Risk Score is that brokers, carriers, and reinsurers also increasingly leverage standardized cyber breach risk quantification metrics as an additional tool for underwriting and pricing cyber breach insurance.

Cyber Security 70

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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. But if I put on my paranoia hat, this could have been catastrophic,” he said in the report. “If

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ABA Community Banking

DECEMBER 30, 2014

National bank examiners to focus on tech, cyber security controls Risk Management Operational Risk. 1Risk Management'

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PYMNTS

JULY 22, 2020

Thus, MAS will “harmonise and expand its existing powers to impose requirements pertaining to technology risk management, including cyber security risks and data protection, on all regulated financial institutions,” according to the release.

Regulation 140

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CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities. The Amendments contain three significant changes relating to ransomware.

Regulation 147

Regulation Cyber Security New York Trends 147

PYMNTS

APRIL 17, 2018

According to Reuters , the attack was launched on computer routers, firewalls and other networking equipment used by government agencies, companies and critical infrastructure operators globally. and British officials warned that infected routers could be used to launch future offensive cyber operations.

US 116

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PYMNTS

NOVEMBER 30, 2020

million has been stolen from businesses as a result of these attacks, the latest data from the Australian Cyber Security Center (ACSC) as reported by SmartCompany revealed. Reports noted one business, hedge fund Levitas Capital, was forced to shutter operations following a whopping $6.4 In total, about $104.5

Fraud 177

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PYMNTS

JUNE 26, 2018

Kaspersky Lab , the security company, announced Tuesday (June 26) a new “State of Industrial Cybersecurity 2018” survey, which found that 65 percent of organizations globally believe that OT/ICS security risks are more likely with IoT over the next year.

Survey 111

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PYMNTS

SEPTEMBER 17, 2018

He and an accomplice operated from Nigeria, targeting the U.S., 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. New Zealand and a number of other countries.

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PYMNTS

JANUARY 29, 2018

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 press release published last week by gov.uk highlighted a government survey that found only 38 percent of businesses have even heard of GDPR.

Cyber Security 112

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PYMNTS

FEBRUARY 5, 2020

We’ll continue to provide updates as we securely bring our systems back online.”. We have shared samples of the relevant variant with law enforcement, the Australian Cyber Security Centre, and cybersecurity organisations to ensure the wider community is protected,” the updated statement said. On Wednesday (Feb.

Cyber Security 131

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PYMNTS

JANUARY 9, 2020

We have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible,” the company said in a statement. The National Cyber Security Centre said it was providing technical support. Travelex’s network of branches continue to provide foreign exchange services manually.”.

Cyber Security 131

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Jack Henry

JULY 2, 2014

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

Bobsguide

MAY 30, 2016

Almost half of firms operating in the sector (46%) ranked cyber security as the top systemic risk to the economy, with more than 70% of banking CEOs identifying poor cyber security as a threat to growth – making cyber security as much a boardroom issue as it is a technical issue.

Cyber Security 60

Cyber Security Security System Operations 60

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The major difficulty for FIs and businesses is that some compliance standards are harsher than others, which can lead to security weaknesses.

Regulation 160

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PYMNTS

MAY 23, 2017

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

Cyber Security 108

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PYMNTS

JUNE 15, 2017

Security isn’t just about catching the bad guys as they run away with store merchandise. And as part of a network, they can be a key piece in the preventative puzzle, triggering other elements of the security suite to activate. And surveillance isn’t just about identifying bad guys after the fact. and 10:00 a.m.

Fraud 101

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PYMNTS

MAY 15, 2017

National Security Agency, and Friday’s tally comes to more than 126,000 cases of infection. In China, individual users utilizing their Windows operating systems were impacted. The NHS has experienced a major cyber-attack, we are working with law enforcement and our advice will follow shortly!” Hospitals shut down in Europe.

Cyber Security 101

Cyber Security National Security System 101

PYMNTS

APRIL 11, 2018

’s National Cyber Security Centre said that cryptojacking could very well “become a regular source of income for website owners,” CoinDesk reported. In its “ cyber threat to UK business ” report, the agency listed cryptojacking as a “significant” concern. And it may not be going away: The U.K.’s

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PYMNTS

JULY 29, 2019

In Australia, BEC has hit hard, as CIO reported that several businesses in that country have been forces to shutter operations in the wake of such fraud. In Australia, BEC Hits Hard.

Fraud 138

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PYMNTS

AUGUST 30, 2016

“It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.”

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

JULY 25, 2016

China announced this summer that it would let non China-based payment card companies operate in the country, but they would have to follow China’s rules. Because of that the Mastercard executive said the company is taking the time to understand what is expected of them in China, including the new rules surrounding cyber security.

Cyber Security 100

Cyber Security Payments Cards Marketing 100

Payments Source

JUNE 6, 2019

Security, operational challenges and new operational requirements all make for a complex, yet necessary, transition to open banking in the age of PSD2, according to Maria Allen, global head of financial services for Unisys.

Operations 112

Operations Security Cyber Security Payments 112

PYMNTS

NOVEMBER 23, 2017

s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. Earlier this year, London’s transport authorities declined Uber’s application to renew its operating license, banning the ridesharing company from operating in the U.K.’s The ICO plans to work with the U.K.’s

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PYMNTS

MAY 15, 2018

Reports on Monday (May 14) said the companies will launch Wiise in July, owned by KPMG and operated through a joint deal between Microsoft and CBA. Microsoft is also integrating its artificial intelligence, voice recognition and cyber security capabilities into the solution.

Cyber Security 104

Cyber Security Marketing Report Management 104

Accenture: Banking

MARCH 20, 2017

Transactional trust used to be consistently high across the banking industry, but now consumers are telling us that it is a point of competitive differentiation, so cyber security is no longer just a hygiene factor, it’s a customer acquisition tool. The survey also showed a paradox around attitudes to branches.

Marketing 150

Marketing Cyber Security Study Meeting 150

Accenture: Banking

MARCH 20, 2017

Transactional trust used to be consistently high across the banking industry, but now consumers are telling us that it is a point of competitive differentiation, so cyber security is no longer just a hygiene factor, it’s a customer acquisition tool. The survey also showed a paradox around attitudes to branches.

Marketing 150

Marketing Cyber Security Study Meeting 150

PYMNTS

APRIL 3, 2019

.” Understanding a company’s cyber risk exposure involves the analysis of troves of data connected to a business’s internal systems, historical events, supply chains and business partners’ exposures, and more. ”

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PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. This operational cadence encouraged proactive communication as the best method to spread awareness of the threat and how to combat against it.”.

Exercises 151

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Cisco

OCTOBER 26, 2020

Today’s Security Environment. At the same time, customer confidence and trust on financial services firms will be put to the test as sophisticated cyber-attacks continue to target the firm’s digital products and services infrastructures as well as remote workers. 1) Secure by Design. Look for a Long-Term Solution.

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PYMNTS

SEPTEMBER 24, 2018

That 4 percent benchmark would, of course, be a headline-making fine, a test case of sorts, where GDPR has been in effect since May 25 of this year and has yet to show any real traction in making an example of firms that do not adhere to rules governing data privacy and security. According to Bank Info Security , quoting U.K.-based

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