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HIPAA Disaster Recovery Planning

VISTA InfoSec

However, ePHI is vulnerable to threats like cyber attacks and natural disasters, making disaster recovery planning (DRP) vital. Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Why Is Disaster Planning Important for Healthcare Organizations?

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

The necessity of tokenisation in digital payments The traditional view of tokenisation as a fraud mitigation tool is outdated. When onboarding new service providers, fintechs, or merchant partners, a token-based architecture allows for quicker, cleaner integration by decoupling sensitive data from transaction logic.

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What Can We Learn From Payment System Failures and Global IT Outage?

The Fintech Times

Problems caused by another ‘glitch’ in a content update for devices running Microsoft Windows, originating from a cybersecurity service provider Crowdstrike. Dafydd Vaughan, CTO at Public Digital “Companies and national governments need to be prepared and take mitigating actions to minimise their exposure.

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Understanding Risk Management Strategies as a PayFac

Stax

Think of them as service providers that rent their master merchant accounts to their clients. 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.

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Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

Global Fintech & Digital Assets

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.

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Hacker Tracker: Breach Hits Canadian Agency, Cyber Ransoms Surge

PYMNTS

Ultimate protection is often most successfully achieved through partnering with third party-managed services providers. According to him, mitigating and preventing ransomware in businesses requires that organizations first educate their staff about the growing threat.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

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.