VISTA InfoSec

MARCH 6, 2024

Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 System Configuration Outlines specific best practices (central time servers, external sources based on Atomic Time/UTC, peer syncing). Split the requirements: 10.4.1

PCI DSS

VISTA InfoSec

MAY 15, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. To align with SWIFT CSP requirements, you should consider the following best practices: 1. Cyber Incident Response Planning 7.2

SWIFT

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance

VISTA InfoSec

FEBRUARY 28, 2024

It must include both numbers and letters. (This requirement is a best practice until 31 March 2025.) Look at your system settings to make sure these password rules are enforced. Requirement 8.6.1: (This requirement is a best practice until 31 March 2025.) Change passwords often based on risk level.

PCI DSS

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Chargebacks are generally the biggest concern that most merchants have.

Risk Management

VISTA InfoSec

SEPTEMBER 5, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

VISTA InfoSec

OCTOBER 21, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

Fintech Review

FEBRUARY 13, 2024

Regulatory Frameworks Developing adaptable regulatory frameworks is essential in addressing the rapid pace of fintech innovation while ensuring consumer protection. Traditional financial regulations often fall short in addressing the unique challenges presented by fintech innovations.

Consumer Protection

VISTA InfoSec

MARCH 5, 2024

Changes Scope Addresses specifically visitor access and authorization. To define the frequency of periodic POI device inspections based on the entity’s targeted risk analysis. PCI DSS v4.0 Requirement v3.2.1 (9.4, 9.4.1 & 9.4.2) Part of a broader sub-requirement (9.3) covering all physical access management to the CDE. PCI DSS v4.0

PCI DSS

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management

VISTA InfoSec

NOVEMBER 12, 2024

System and application security : SaaS providers must develop and maintain secure applications, which include regular code reviews, vulnerability scanning, and penetration testing to catch and address security weaknesses ( Requirements 6.1 Keeping software up to date is important to protect against emerging threats ( Requirement 6.2 ).

PCI DSS

VISTA InfoSec

NOVEMBER 12, 2024

System and application security : SaaS providers must develop and maintain secure applications, which include regular code reviews, vulnerability scanning, and penetration testing to catch and address security weaknesses ( Requirements 6.1 Keeping software up to date is important to protect against emerging threats ( Requirement 6.2 ).

PCI DSS

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. Pedro Martinez and Megan Shamas will explore best practices and real-world examples for implementing passkeys and strong customer authentication (SCA).

FinTech

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. This could help address the decline in correspondent banking relationships, a concern highlighted in the BIS report.

Central Bank

FloQast

APRIL 8, 2024

Addressing material weaknesses is not just a legal requirement but a cornerstone of corporate governance and ensuring investor confidence, no matter the company size. In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. Conduct regular risk assessments.

Compliance

Seon

JUNE 24, 2024

It prevents issues such as payment fraud, account fraud (and misuse), loan fraud, and conducting business with high-risk individuals , as well as a stipulated practice for anti-money laundering (AML) compliance. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management

Neopay

JULY 4, 2024

Actions taken : Describe actions taken to address any risks or issues identified. Risk assessments : Document actions taken as part of Business Wide Risk Assessments (BWRA) or Enhanced Risk Assessments (EWRA). Compliance monitoring plans : Output of monitoring activities related to the Duty.

Consumer

Neopay

DECEMBER 5, 2024

It also introduces new self-assessment questions and emphasises the importance of senior management accountability. Proliferation Financing (PF) In response to the 2022 changes in the Money Laundering Regulations (MLRs), the Guide now explicitly addresses the need for firms to conduct PF risk assessments.

Financial Crimes

VISTA InfoSec

JULY 5, 2023

Personal Data: Personal information such as addresses, phone numbers, e-mails, passport data, social status, and unique identification numbers are available in a secure healthcare database. Regularly test and assess network vulnerabilities to identify and address any weaknesses. PCI DSS does not mention meaningful usage.

PCI DSS

Tearsheet

JULY 1, 2024

This reduces fraud risk and addresses data privacy concerns, which, again, helps to build trust between merchants and consumers. What are best practices when it comes to protecting consumer information? Start with a risk assessment. First and foremost, your security must exceed industry compliance standards.

BNPL

FICO

AUGUST 7, 2019

These projects bring together companies large and small to create innovative solutions to common challenges, demonstrating how this can be achieved leveraging key TM Forum best practices and standards. Fighting Fraud and Controlling Risk in New Service Requests.

Risk Assessment

EBizCharge

APRIL 26, 2024

By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business. This helps to reduce the average collection period and minimize the risk of late or delinquent payments.

Accounts

Stax

JANUARY 8, 2024

This includes their name, date of birth, address, identity documents, etc. Data security and breach-prevention practices All payment systems run on information. Implementing Effective Risk Management Programs As a PayFac, you must acknowledge that you can never have zero percent risk.

Risk Management

Nanonets

FEBRUARY 9, 2024

The ICFR offers an enhanced series of recurring and periodic oversight protocols to help ensure the company is doing the right thing consistently while also demanding an internal risk assessment look at areas of possible concern so the company can pay special attention to them between audit and reporting periods.

Audit

The Fintech Times

JANUARY 25, 2024

This is especially true for financial services organisations, which need to balance the potential risks of dealing with PEPs, as well as protecting the right to access banking service. Action will likely be taken where they spot deficiencies in PEP risk handling.

Risk

Neopay

JUNE 27, 2024

This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes

Segpay

APRIL 16, 2024

Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. To address this, merchants should strive to provide correct and detailed product descriptions, including images, size, and detailed specifications.

Disputes

Seon

APRIL 11, 2024

Moreover, using one solution for both fraud prevention and protection and AML initiatives minimizes the reliance on endpoint solutions or reliance on multiple third-party data sources while maximizing the use of trusted information, reducing potential vulnerabilities and enhancing the integrity of the risk assessment and anti-fraud measures.

Fraud Prevention

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act of 2002 , commonly referred to as SOX, reflected a bipartisan congressional effort to address the root causes of those financial scandals. Some examples of external fraud risks include vendor fraud and data breaches.

Audit

Nanonets

AUGUST 6, 2024

In this ultimate guide, we'll explore what a data annotation tool is, exploring its key features, benefits, and best practices. To address this challenge, data annotation platforms are increasingly leveraging techniques like active learning and semi-supervised learning to optimize the annotation process.

Best Practices

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.

Risk Mitigation

Segpay

MAY 1, 2024

The Act aims to ensure digital services’ continuity, security, and stability, particularly in critical sectors such as finance, by addressing various operational risks, such as cyber threats, system failures, and operational disruptions. A risk-based testing approach is required to detect and address potential ICT disruptions.

Cybersecurity