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Wallet wars: How digital payments are reshaping finance

The Payments Association

The rapid adoption of digital wallets has introduced a complex web of regulatory considerations, ranging from data privacy and cybersecurity to anti-money laundering (AML) compliance and cross-border transaction governance. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks.

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SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

"The new government could appoint a Minister for Economic Crime, increase enforcement and create a collaborative data analytics eco-system using a multi-disciplinary approach by drawing in expertise from across the business field to include victims, financial crime fighters, data scientists, digital identity providers and data privacy experts.

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Navigating the rise of AI-enabled fraud

The Payments Association

However, In addition to adopting advanced fraud detection tools, payments firms must implement robust authentication methods such as multi-factor authentication (MFA), biometric verification (e.g., fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements). Read More

AI 88
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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Quicken vs QuickBooks: Security and Data Privacy When it comes to accounting software, the security and privacy of your financial information are paramount. QuickBooks also offers multi-factor authentication (MFA) for added protection.

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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Additionally, consider platforms with strong access controls, such as multi-factor authentication (MFA) to prevent unauthorized access.

Risk 277
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Guarding the Gates: Data Compliance and Privacy

Segpay

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. Africa and Asia show different levels of adoption with resp.

Privacy 105
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Strengthening Cyber Defenses with Multi-Factor Authentication

VISTA InfoSec

Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. Mutli-Factor Authentication (MFA) isn’t a new concept. Another mechanism that is heavily relied on is MFA. This is why additional security features like MFA are so critically important.