Remove Breach Remove Cybersecurity Remove Privacy
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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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Cybertech: Securing the Foundations of Finance

Fintech Review

This is where cybertech comes in, the application of advanced cybersecurity technologies to protect digital finance. Cybertech sits at the intersection of cybersecurity and fintech. It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption.

Finance 59
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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. And the stakes are high.

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Fintech Review: A Guide

Fintech Review

Data privacy and cross-border standards are increasingly important. Cybersecurity is a persistent concern. As financial services shift online, platforms become targets for hackers, phishing attacks, and data breaches. The consequences of a breach go beyond financial loss they can erode trust and invite regulatory action.

FinTech 52
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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Emphasis on Cybersecurity and Data Privacy Digital lending faces rising threats: data breaches from hacking, fraud via synthetic identities, account takeovers exploiting weak security , ransomware disrupting operations, and insider threats. over the forecast period of 2024 to 2032.

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How to Secure API Integrations in Fintech Platforms

Fintech Weekly

Alternatively, if you’re building your own API, it’s easy to miss important cybersecurity steps while focusing on efficiency and interoperability. DevSecOps takes DevOps’s rapid iteration and frequent communication and brings cybersecurity professionals into the mix to ensure security by design.

API 78
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Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. It increases the risk of data breaches, identity theft, and payment fraud.