VISTA InfoSec

OCTOBER 21, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT). This is where VISTA InfoSec’s expert consulting and audit service comes into play.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Clearly Payments

NOVEMBER 13, 2024

Companies can analyze BIN data to track transaction patterns, better understand customer demographics, and assess risk in different regions or among various card types. This information helps payment processors and merchants verify transactions, assess risk, and streamline payment workflows for secure and reliable transactions.

Process 104

Process Processors Payments Compliance 104

Clearly Payments

JANUARY 15, 2025

Assessment Fees What It Is: Charged by the card networks (Visa, Mastercard, etc.) Processor Markup What It Is: The payment processors own cost on top of interchange and assessment fees. How to Identify and Reduce Hidden Costs Audit Your Statements What to Look For: Carefully check each line item on your monthly statements.

Process 105

Process Processors Gateways Push-to-Card 105

Fintech Review

OCTOBER 16, 2024

Such incidents highlight the importance of thoroughly auditing smart contracts before investing in any DeFi platform. Investors should prioritise platforms that undergo regular security audits by reputable firms. Even then, no audit can guarantee complete safety, as new vulnerabilities can emerge over time.

Assessments 98

Assessments Risk Returns Audit 98

The Payments Association

FEBRUARY 14, 2025

Regular audits and compliance checks : Firms will face enhanced monitoring and reporting under the proposed policy. They should implement regular audits and strengthen compliance oversight to uphold safeguarding practices. Engaging external auditors may provide additional assurance.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

JANUARY 13, 2025

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

Compliance 88

Compliance Audit Legal Reconciliation 88

VISTA InfoSec

OCTOBER 21, 2024

Ensuring adherence to data protection laws, internal policies, and overseeing responsibilities, training, and audits. Providing advice on and monitoring the performance of impact assessments related to data protection. Expertise to assess and mitigate data privacy risks to ensure the organization remains protected from breaches.

CCPA 208

CCPA Privacy Assessments Laws 208

Neopay

OCTOBER 15, 2024

Training and audits are two pillars of compliance. Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful. Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality.

Audit 59

Audit Compliance Assessments Financial Crimes 59

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns.

Privacy 88

Privacy Payment Security AI Security 88

Fintech Weekly

DECEMBER 6, 2023

For instance, many discussions around emerging payment technologies ease assessment across various PCI standards, as well as conversations about the challenges businesses and assessors face in implementing ongoing changes to the standards regarding the auditing of systems.

PCI DSS 147

PCI DSS Addressing Audit Data Security 147

The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime 88

Crime Risk Assessment Fraud Prevention Due Diligence 88

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Fintech News

FEBRUARY 10, 2025

It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive. On another point, Agentic AI is advancing far quicker than regulatory frameworks can keep up.

AI 74

AI FinTech Fraud Detection Fraud Prevention 74

VISTA InfoSec

OCTOBER 7, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT). This is where VISTA InfoSecs expert consulting and audit service comes into play.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN 88

IBAN AML Master Account Due Diligence 88

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

FloQast

MAY 9, 2024

However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes. These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. VISTA InfoSec is recognized with SWIFT as an authorised auditing organisation.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

MARCH 6, 2024

assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Maintains the risk assessment step. or preparing for your first PCI DSS v4.0

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

OCTOBER 11, 2023

In this process, you’ll come across key terms like PCI SAQ (Self-Assessment Questionnaire), AOC (Attestation of Compliance), and PCI ROC (Report on Compliance). The QSA does this by conducting an audit of the organization’s processes and controls. Let’s focus on the ROC for now. 5/5 - (7 votes)

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

Fintech Review

JANUARY 30, 2025

According to the document, companies operating with information and communication technologies must develop, describe and maintain a risk management system that includes: constant monitoring, vulnerability assessment, response and stabilization. Incident reporting. Theres no clear requirement on this point.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

Clearly Payments

APRIL 8, 2025

A payment consultant assesses your current payment infrastructure and identifies the best path forward. This leads to technical debt, fragmented customer experiences, and difficulty integrating new technologies.

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

Audit 52

Audit Compliance Automation Verification 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

VISTA InfoSec

SEPTEMBER 30, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Data Protection Officers are individuals who helps maintain and oversee an organizations data protection strategy.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Data Protection Officers are individuals who helps maintain and oversee an organization’s data protection strategy.

CCPA 130

CCPA Privacy Laws Data Breach 130

Cardfellow

MAY 10, 2025

Specifically, Level 1 processors must have their processes and systems audited by Qualified Security Assessors (QSAs) to ensure they meet PCI requirements. Specifically, Level 1 processors must have their processes and systems audited by Qualified Security Assessors (QSAs) to ensure they meet PCI requirements.

Processors 52

Processors Third Party Vendors Credit Cards Third-Party Service Provider 52

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. A description of company policies for tendering external audit services.

Governance 102

Governance Government AAP Audit 102

VISTA InfoSec

APRIL 28, 2024

Compliance with PCI DSS requirements is typically validated through assessments and audits conducted by Payment Card Industry qualified security assessors ( PCI QSAs) or Payment Card Industry self-assessment questionnaires ( PCI SAQs) depending on the merchant level and the volume of card transactions processed.

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The SOC framework includes multiple internal control audit reports. Now let’s examine the key differences between SOC and SOX audits. It applies to all U.S. SOX, a U.S.

Audit 130

Audit Compliance Laws Government 130

The Fintech Times

FEBRUARY 5, 2025

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

Compliance 64

Compliance Cybersecurity Audit AI 64

Fi911

FEBRUARY 26, 2025

Requirements : Annual on-site audit by a Qualified Security Assessor (QSA), quarterly network scans. Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments.

PCI DSS 53

PCI DSS Compliance MFA Assessments 53