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What is a Level 1 PCI Compliant Processor?

Cardfellow

You can greatly limit your scope by using approved third-party vendors and minimizing your actual exposure to card data. Stored data must be encrypted and access-controlled to roles that need access for specific business purposes. In fact, youll need to include all third-party service providers.)

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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. Additionally, research into Quantum Key Distribution (QKD) technology is underway, aiming to create secure methods for distributing encryption keys.

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Back To Basics For SME Security

PYMNTS

Securing equipment and business networks is also key, the report noted, adding that encryption, the safe disposal of old computers and equipment, antivirus programs and other resources are crucial. Some are quite technical — like implementing antivirus software or encrypting data — and may require assistance from third-party vendors.

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FBI Warns Banks About Widescale ATM Cash-Out Scam

PYMNTS

“Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities.

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PCI Validated P2PE – 3 Years in North America, What Has Changed?

PYMNTS

While hackers got into the POS systems through a faulty firewall or third-party vendor, once in they were able to install malware that located unencrypted credit card information — which was then sent to remote servers, packaged and resold on the black market.

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Why Apple Isn’t Worried About The Government (For Now)

PYMNTS

After a much-publicized standoff, the government dropped its case, claiming it had been approached by a third-party vendor offering a way into the phone. The FBI put pressure on Apple to design custom software that would allow them to unlock an iPhone belonging to Syed Farook, one of the shooters.

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Strengthening Payment Security: Government Fraud Detection for Compliance Managers and Auditors

Core

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement.