PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. ” Yet SMBs face even greater headwinds in their efforts to mitigate these risks. ” Combating Risk Through Technology. ”

Risk

PYMNTS

OCTOBER 14, 2019

Complex regulatory demands, for instance, are a major headache, leaving supply chains at risk for noncompliance when operating with suppliers and business partners in new markets — often with unfamiliar compliance requirements. That struggle to share information is among the largest barriers to supply chain risk mitigation, noted Vakil.

Risk

Fintech Review

FEBRUARY 7, 2024

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. Fintech firms must navigate these to maintain their edge. Fintech companies are tackling these problems head-on.

FinTech

FICO

DECEMBER 19, 2016

With hackers hitting organizations from the Internal Revenue Service to the University of California, Berkeley in 2016, consumers are more anxious than ever about the downstream financial crime that follows data breaches. Biometric security data may become the biggest security vulnerability of all.

Office of the Comptroller of the Currency

PYMNTS

OCTOBER 17, 2016

The technological capabilities of cyberthieves are growing more sophisticated, and small businesses need to get proactive in adopting technology that can prevent, identify and remedy any potential data breach.

Technology

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management

PYMNTS

JANUARY 5, 2017

Enabling better management of aspects of procurement , like intake, means businesses don’t have to miss out on deals with suppliers, which, according to Garber, is becoming a critical piece of the procurement puzzle as supplier management becomes a way to mitigate risk and take advantage of early payment discounts.

Risk

PYMNTS

APRIL 18, 2018

In the age of data breaches , there’s a lot of talk and tools emerging in the fraud prevention and risk mitigation spaces, but many merchants are overlooking one of the most damaging types of fraud: the kind that is carried out not by criminals, but by the merchant’s own trusted customers.

Due Diligence

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks.

Cybersecurity

PYMNTS

APRIL 20, 2017

He also pointed to heightened regulations that demand businesses mitigate third-party risk. According to that report, a fifth of businesses face “significant” third-party risk exposure, with a quarter of the companies that have been exposed to this risk facing financial losses of at least $10 million because of it.

Cybersecurity

PYMNTS

SEPTEMBER 14, 2020

Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise. According to Breach Clarity CEO and Co-founder Jim Van Dyke , this isn't to say that organizations' security investments are failing.

Breach

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

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam.

Cybersecurity

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

Center for Payments

SEPTEMBER 15, 2022

Is your financial institution ready to take on the challenges of any disaster in any form, robbery, power outages, pandemics, or data breaches? Management, while using a business impact analysis and risk management processes to identify and monitor risks, should focus on risk mitigation avoidance and acceptance strategies.

FFIEC

PYMNTS

JUNE 22, 2018

As it continues its expansion, TradeIX is focusing on trade payments, risk mitigation, payables finance and receivables finance, the company said. The company positions itself as a proactive cybersecurity firm, enabling businesses to predict and mitigate a cyberattack or data breach before it occurs. FundThough.

Cybersecurity

Fintech Review

JANUARY 17, 2024

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. Fintech firms must navigate these to maintain their edge. Fintech companies are tackling these problems head-on.

FinTech

M2P Fintech

NOVEMBER 7, 2024

Security & Confidentiality Lenders handle vast amounts of personal and confidential information, making robust security measures essential to protect against data breaches, fraud, and unauthorized access.

Origination

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

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes

Seon

MAY 16, 2024

Such incidents can trigger stringent regulatory penalties, inflate operational and administrative expenses to combat and mitigate fraud, and might even lead to being blacklisted by payment processors and card networks due to compliance failures and excessive chargeback ratios.

Fraud Prevention

Nanonets

FEBRUARY 12, 2024

Bias Mitigation One of the longstanding challenges in credit scoring has been the inadvertent perpetuation of biases, often rooted in historical data. Machine learning algorithms analyze historical data, market trends, and various variables to identify patterns indicative of future risks. The result?

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. 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.

Automation

CB Insights

JULY 23, 2020

Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts. Why it matters.

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