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52% of Firms Assign Operational Technology Cybersecurity to Executives

Fintech News

Strengthened cyber hygiene, increased employee awareness and improved training programmes have led to a reduction in business email compromise attacks. The implementation of cybersecurity best practices continues to positively influence outcomes.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

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CFOs’ Risk Concerns Mushroom, But Cyberthreats Not In Focus

PYMNTS

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S.

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Mastercard Cybersecurity Toolkit Sheds Light On SMB Education Gap

PYMNTS

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.

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Uncovering The Lessons In A Third-Party Cyberattack

PYMNTS

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. As a supplier of computing software services, Blackbaud is only the latest example of how cyberattacks aren't isolated to its targets.

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Threats, Risk Coming At Businesses From All Sides

PYMNTS

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.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. Faster Payments Risk-Mitigating Capabilities. 2013 and Feb.