Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Q: Why implement risk management?

Risk Management

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. “The pandemic and the economic impact of it are a double-whammy for SMEs when it comes to risk via the supply chain,” explained Jake Holloway , chief product officer at Crossword Cybersecurity. ”

Risk

Fintech Review

FEBRUARY 7, 2024

A key issue is the need for robust cybersecurity measures. Reliance on third-party providers introduces risks of service disruptions and data breaches. They are using innovative strategies and risk mitigation to stay secure in the digital economy. Continuous technology updates are essential.

FinTech

PYMNTS

OCTOBER 17, 2016

From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Tipalti also found, interestingly, that the error rate of manual data entry in this area is quite low — just 1 percent for companies that remit more than 500 payments a month.

Technology

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. ”

Small Business

PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Blackbaud's data breach isn't unique, per se.

Breach

PYMNTS

APRIL 20, 2017

Schneider said that of all the risks a business can face today, cybersecurity and data security are top of the heap. As supply chains go global and businesses reach into new markets, ink partnerships and access services from more companies now than ever, the cybersecurity threat mounts.

Cybersecurity

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. Standardize initiatives for handling transactions, data security, and incident response to help prevent errors and detect issues before they escalate.

Risk Management

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management

Center for Payments

SEPTEMBER 15, 2022

Depending on where your financial institution is located, wildfires, tsunamis, hurricanes, earthquakes, droughts, floods, landslides, tornadoes, lightning, riots, cybersecurity risks, medical emergencies, and economic crises can create havoc on society. Does your plan include a method of communication with your customers/members?

FFIEC

Fintech Review

JANUARY 17, 2024

A key issue is the need for robust cybersecurity measures. Reliance on third-party providers introduces risks of service disruptions and data breaches. They are using innovative strategies and risk mitigation to stay secure in the digital economy. Continuous technology updates are essential.

FinTech

The Fintech Times

AUGUST 2, 2024

The high-risk factors take place when firms use AI for risk-mitigation systems, high quality of data sets, logging of activity, detailed documentation, clear user information, human oversight, and a high level of robustness, accuracy, and cybersecurity. Now, they want to do the same with AI.

AI

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Risk

Neopay

JUNE 27, 2024

Financial crime risk assessment: Ensure that business activities are regularly reviewed against possible financial crime risks, appropriately assessed against probability and impact and adjusted against the firm’s risk mitigation systems and controls.

Financial Crimes

Nanonets

FEBRUARY 12, 2024

Risk Management and Fraud Detection Predictive Analytics for Risk Mitigation At the heart of AI's impact on risk management lies its ability to predict and preempt potential pitfalls. The algorithms are only as unbiased as the data on which they are trained.

AI

Nanonets

AUGUST 16, 2024

Risk mitigation and fraud prevention Fraud detection technologies have been instrumental in reducing the $40 billion annual cost of fraudulent claims in the U.S. Robust cybersecurity measures are crucial to protect against data breaches, malware, and other threats. 

Automation

CB Insights

JULY 23, 2020

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. Beyond the office: cybersecurity and at-home network security. TABLE OF CONTENTS.

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