VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Apps access data in line with their user roles (authorization levels). Acknowledges rare cases where shared accounts may be unavoidable, provides a framework for their secure use. Significant shift in approach.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

EBizCharge

APRIL 22, 2025

Role-based access controls should be established within Salesforce to ensure only authorized users can view or manage payment data, reducing the risk of internal breaches. Its also important to regularly audit user permissions and activity logs to detect any unauthorized access or unusual behavior.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. and assessments, significantly eliminating prep efforts and reducing audit timelines (to as little as 21 days.) Another precaution worth highlighting is the use of multi-factor authentication (MFA).

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

EBizCharge

SEPTEMBER 6, 2024

Compliance & audit trail: Integrated accounting systems often provide features that ensure compliance with various accounting standards and create an audit trail that helps track each financial transaction end-to-end. By automating tax calculations, businesses reduce the risk of errors that can lead to costly penalties and audits.

Accounts 52

Accounts CRM Automation Audit 52

Stax

JULY 9, 2024

Additionally, automated record-keeping and electronic transaction histories simplify auditing and financial reporting, making it easier for businesses to maintain compliance with regulatory requirements. These transactions are processed through credit card networks and involve more immediate authorization and settlement compared to EFTs.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Stax

SEPTEMBER 17, 2024

Additionally, sensitive authentication data must never be stored after authorization, even if encrypted. Anti-virus solutions should be regularly updated, configured to perform automatic scans, and capable of generating audit logs for ongoing monitoring. Regular updates help defend against emerging malware threats.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Monitor and review Regularly auditing data quality is vital for maintaining accuracy and compliance. 

Process 52

Process AI Best Practices Reconciliation 52

Fintech News

MARCH 1, 2025

The hacker returned a significant chunk of the stolen funds, highlighting the risks in DeFi protocols and the need for rigorous smart contract auditing. It underscored the need for robust security measures, particularly for hot wallets, and the importance of regular security audits.

Security 120

Security Phishing Breach Audit 120

Segpay

DECEMBER 19, 2024

IDaaS provides ID authentication, authorization, and identity lifecycle management services to users across multiple applications, platforms, and devices in the Cloud. These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment.

Verification 104

Verification Authentication MFA Compliance 104