VISTA InfoSec

OCTOBER 21, 2024

To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. By prioritizing cybersecurity during the CCaaS implementation process, you can protect your business from costly breaches, implement an effective disaster recovery plan, and ensure the privacy of your customers.

Cybersecurity

The Fintech Times

JULY 20, 2024

Because of this, many will wonder how they can better equip themselves with tools to ensure they can mitigate the impact of problems, even if something on this scale happens again. Dafydd Vaughan, CTO at Public Digital “Companies and national governments need to be prepared and take mitigating actions to minimise their exposure.

Payments

The Fintech Times

AUGUST 18, 2024

By strategically partnering with Coincover, Bitso will benefit from complete protection against disaster situations, such as hacking or lost access, enabling it to better protect its customers’ funds.

Disaster Recovery

Fintech News

JULY 24, 2024

Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks. Comprehensive risk mitigation for financial resilience Huawei’s suite of solutions goes beyond mere equipment upgrades.

Finance

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI

Stax

AUGUST 22, 2024

To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly. The due diligence doesn’t stop at onboarding.

Risk Management

FICO

JANUARY 14, 2021

I am sure that many businesses will have spent time reflecting and reviewing their business contingency/disaster recovery plans with a view to identifying what they could have done differently, and what should be put in place to handle a similar situation in the future.

Disaster Recovery

Nanonets

MAY 8, 2023

Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies. Consistent oversight and adjustments are necessary to maintain an effective audit trail, and investing in cloud-based storage solutions can help mitigate storage challenges. What is an Audit Trail?

Audit

Nanonets

JUNE 27, 2023

In an era where data breaches can have severe consequences, digitizing documents can help mitigate the risk and potential financial losses associated with unauthorized access to sensitive information. Backup and disaster recovery Establish a robust backup and disaster recovery plan for your digitized documents.

Product

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization

PYMNTS

MAY 15, 2017

“That is where technology comes into play,” she said, referring to the availability of tools and software suites focused on cybersecurity, with attendant offerings in compliance to disaster recovery, among other areas. And yet, even as technology advances, one size does not fit all, the duo agreed.

Cybersecurity

PYMNTS

MARCH 17, 2017

According to him, mitigating and preventing ransomware in businesses requires that organizations first educate their staff about the growing threat. Douthwaite also noted the importance of a business having daily backups and a disaster recovery plan, so that in the wake of an attack, they are able to restore their mission critical files.

Breach

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. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Penalties for noncompliance may vary, and an extensive list of considerations and mitigating factors are provided.

Cybersecurity

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. The approach reduces the risk of vendor lock-in and enhances both reliability and disaster recovery capabilities. Data-Driven Insights: Real-time analytics for informed decision-making.

Credit Cards

Nanonets

MAY 6, 2024

  Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms. BlackLine enables organizations to standardize reconciliation formats, automate matching processes, and streamline exception management across various accounting scenarios.

Reconciliation

FloQast

DECEMBER 13, 2023

A risk assessment typically involves: Identifying risks Assessing the likelihood and impact of the risks Prioritizing the risks Developing risk mitigation strategies 3. They will be looking to see that the control is operating as designed and mitigates the identified financial reporting risk.

Compliance

Nanonets

SEPTEMBER 21, 2023

An ERP system can help identify and mitigate various risks by integrating risk management functionalities. With features such as compliance management, data security, and disaster recovery, small businesses can proactively address potential risks and ensure business continuity.

Small Business

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Industries that use AI must find a balance between harnessing the power of AI for positive transformation and mitigating its potential risks.

AI

The Payments Association

MARCH 20, 2025

Resilience has moved away from recovery and further towards anticipation, mitigation, and adaptability to these challenges. Having robust contingency plans, backup systems, and disaster recovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact.

Compliance