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Credit Unions Want SMEs Held To Same Cybersecurity Standards

PYMNTS

As GLBA has functioned, it is scalable, so the risk that a multinational institution has is going to much different than a small credit union and the risk assessment is much different, but everybody is on the same page.”.

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Everything You Need to Know About Secure Payment Processing Systems

Stax

Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States. Regulatory Compliance: Payment systems may also need to comply with specific regulations and laws related to financial transactions and data protection, depending on the region and industry.

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Spinning Raw Data Into Synthetic (Revenue) Gold For FIs

PYMNTS

In short, concerns with GLBA, GDPR , PCI, reputational and headline risks tied to raw data can literally “all go away with the use of synthetic data.”. “When you talk about data monetization,” he said, “everyone thinks of raw data,” and the risk inherent with that data. Those fears, he added, can be solved through the use of synthetic data.

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