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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

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.

Crime 88
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European Central Bank set to Stress Test 109 Banks to Assess Cyberattack Response and Recovery

The Fintech Times

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Supervisors will subsequently assess the extent to which banks can cope under such a scenario.

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Thailand Grants Virtual Bank Licenses to Krung Thai, AIS, SCB X, and KakaoBank Consortiums

Fintech News

This notification outlined the rules, procedures, and conditions for the application and issuance of virtual bank licenses. They must also successfully complete a readiness assessment by the BOT before submitting a formal request for a virtual bank license. A total of five applications were submitted during this period.

Bots 109
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PCI DSS For Small Business

VISTA InfoSec

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Assess the environment by identifying where and how cardholder data is stored, processed, or transmitted within your business operations. of PCI DSS. of PCI DSS. of PCI DSS.

PCI DSS 243
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What is a BIN in Payment Processing

Clearly Payments

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
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PCI DSS Requirement 9 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

specifically to visitor access procedures. Broadened to observe and interview for CDE-wide visitor management procedures. Same principle but adapted to check procedures across the CDE. Testing Procedures Suggests verifying protection procedures include media and reviewing backup location security. Increased scope.

PCI DSS 147
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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. Define who can create and manage meetings and establish procedures for sharing meeting links and passwords to control access.

Risk 277