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 105

FinTech Non-Bank Risk Mitigation Data Breach 105

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 53

Risk Risk Mitigation Innovation Mitigation 53

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 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

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 76

Technology Remote Deposit Capture Small Business Automation 76

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 40

Due Diligence Disputes Data Breach Fraud Prevention 40

PYMNTS

JANUARY 5, 2017

Today, supplier management and risk mitigation are about more than coming up with a game plan in case contracts aren’t fulfilled. Companies need to introduce security questionnaires and rankings to assess how a supplier may handle a data breach, for instance, which would then expose a corporate buyer to a breach, too.

Risk 41

Risk RFP Risk Mitigation Mitigation 41

PYMNTS

FEBRUARY 20, 2019

Last March, Intersections launched its Data Breach Readiness solution, designed to provide small businesses with the education and resources they need to avoid fraud and cyberattacks, pointing to employee education as “the best solution for preventing a data breach.”

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

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 52

Breach Multifactor Authentication Ransomware Email Compromise 52

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. However, there are steps you can take to protect your PayFac business and sub-merchants as much as possible from the potential impact of a risk.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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 63

Small Business Underwriting Risk Cybersecurity 63

PYMNTS

APRIL 20, 2017

In an environment where companies are facing data breaches, financial losses and the cost of noncompliance if they fail to mitigate third-party risk, it’s a serious wonder that 50 percent of companies fail to implement a dedicated third-party risk management solution, according to data released last month from MetricStream.

Data Breach 46

Data Breach Cybersecurity Mitigation Breach 46

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 40

Cybersecurity Data Breach Assessments Breach 40

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 43

Risk AFP Identity Theft Email Compromise 43

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 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

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 52

Risk Management Mitigation Risk Identity Theft 52

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 52

FinTech Non-Bank Risk Mitigation Data Breach 52

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 52

Origination PCI DSS API Underwriting 52

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 52

Cybersecurity B2B Payment APIs and Integration Commercial Card 52

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 59

AI Compliance Regulations Risk 59

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 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

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 52

AI Fraud Detection Regulatory Compliance Automation 52

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 52

Automation Process Fraud Detection Payment APIs and Integration 52

Seon

MAY 16, 2024

Email Analysis Leveraging data enrichment, operators can scrutinize email address details, such as domain validity, creation date and connections to social media profiles, to gauge the legitimacy of user accounts.

Fraud Prevention 52

Fraud Prevention Accounts Verification Legal 52

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.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101