The Fintech Times

AUGUST 23, 2024

Recognising the potential of digital technology to drive economic development, the government has been proactive in promoting digitalisation. Moreover, the government remains steadfast in its goal to achieve 90 per cent digital transformation across the nation by the end of this year.

Economy 115

Economy FinTech Governance Government 115

VISTA InfoSec

DECEMBER 19, 2024

Governance and Oversight Establish a cybersecurity governance framework for SWIFT-related environments. Use multi-factor authentication (MFA) for SWIFT interfaces and applications. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. Fortunately, most wallet developers take malicious actors seriously.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

JUNE 8, 2020

Other FIs are offering open banking out of necessity, with governments and regional lawmakers requiring its adoption and that consenting customers’ financial data is made available to third-party payment service providers. MFA requires customers to prove their identities by providing at least two types of credentials.

Authentication 60

Authentication MFA Phishing Scams 60

Segpay

NOVEMBER 26, 2024

Whether we are setting up a new bank account, making a purchase online, or accessing government services, confirming who we are in the virtual space is crucial to ensuring our security, the protection of our privacy, and the improvement of our user experience. Others may not have government-issued IDs or other required documents.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Segpay

DECEMBER 13, 2024

These pioneering laws represent the first significant initiatives by governments to establish regulations that protect individuals’ data, aiming to give people more control over how their information is collected, processed, and stored. These privacy laws set standards for how organizations should handle and protect user data.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes. Risk factors include monitoring the volume/nature of the transactions and government responsibilities.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

JUNE 3, 2020

The Australian government is conducting a nationwide push for APIs and open banking, meanwhile, with its regulatory body Australia Competition and Consumer Commission (ACCC) issuing licenses for organizations to access account data from the four largest banks in Australia. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

OCTOBER 16, 2020

for example, experienced an 84 percent increase in this cybercrime method this year, largely consisting of bad actors impersonating police, government officials or victims’ banks to exploit the confusion surrounding the pandemic. More than 58 million pounds (about $74.8 million) was stolen this year via this technique. . About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Governance The covered entity’s board or senior governing body is tasked with oversight, funding, and maintenance of the company’s cybersecurity risk management program.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

The Payments Association

APRIL 7, 2025

The newly appointed Labour Government will be expected to unveil clear plans about how the regulatory framework will be shaped going forward. Stronger guidance and leadership from government and regulators could transform the market. Government should not throw the burden of this solely onto the private sector.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

VISTA InfoSec

JULY 31, 2023

In addition to unique access, PCI DSS requirements mandate the use of multi-factor authentication (MFA) mechanisms. Technology Usage Policies : The organization must have technology usage policies in place to govern the use of technology assets. No Vendor-Supplied Defaults : Vendor-supplied defaults are not permitted.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

EBizCharge

JULY 16, 2024

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. It also manages direct deposits, which can encompass forms of government and business disbursements. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. Basic, essential, and/or government-issued training is usually free. Anti-phishing awareness : Not being too trusting or emotionally invested in the content of emails, phone calls, and instant messaging. How much do security awareness programs cost?

Security 52

Security Phishing Best Practices Data Breach 52

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. In addition, regulators or government entities may also impose additional fines or penalties. Identify and Authenticate Access to System Components All users must be uniquely identified before gaining access to any system components.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Basis Theory

OCTOBER 1, 2024

Such entities include: Merchants include "any entity that accepts payment cards bearing the logos of any of the five members of PCI Security Standards Council" (PCI SSC, the organization that governs and enforces PCI DSS). Another precaution worth highlighting is the use of multi-factor authentication (MFA).

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Segpay

DECEMBER 19, 2024

Businesses and governments increasingly rely on cloud-based platforms to manage identities, allowing employees, customers, and citizens to access services remotely, securely, and conveniently. Okta (USA) Okta is one of the most widely used IDaaS platforms globally, offering a suite of identity and access management (IAM) solutions.

Verification 104

Verification Authentication MFA Compliance 104

Fintech News

MARCH 1, 2025

Crypto hacks arent just the work of lone wolves; they often involve state-sponsored hacking groups, such as North Koreas Lazarus Group, which finance government operations. MFA adds another layer of security by requiring multiple verification steps before granting access. Whos Behind These Heists?

Security 115

Security Phishing Breach Audit 115