Fi911

JANUARY 31, 2024

The financial sector operates within a web of stringent rules designed to protect consumers and maintain economic stability. The complexity of these rules demands strict adherence from AI systems. Regulation remains a concern, too. Striking a balance between innovation and responsibility should guide our approach.

AI 105

AI MFA Regulatory Compliance Best Practices 105

Cardfellow

APRIL 27, 2025

The full name (PCI DSS) stands for Payment Card Industry Data Security Standard and its a set of rules to help keep cardholders information secure. Stronger Password Rules The example above is a real new requirement for the Defined Approach. Required Multi-Factor Authentication (MFA) Version 4.0 What is PCI again?

PCI DSS 52

PCI DSS Encryption Processors Credit Cards 52

The Payments Association

OCTOBER 24, 2024

Fraud rules : Updating policies to better identify and combat fraudulent activity. Additionally, security protocols such as multi-factor authentication (MFA) and 3-D Secure help reduce the risk of unauthorised transactions and fraud. Refunds : Issuing refunds to avoid disputes. According to the Chargeback Field Report, 20.2%

Disputes 88

Disputes Non-Bank MFA Legal 88

VISTA InfoSec

JULY 31, 2023

Firewalls control traffic and are the first defense against hackers, necessitating correct setup and rules specifying allowed traffic. Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

VISTA InfoSec

JANUARY 9, 2024

This will encompass all technologies categorized under Network Security Controls, including but not limited to WAF, IPS/IDS, DAM, DLP, PIM/PAM, MFA, and so on. Requirement to review firewall and router rule sets at least every six months. PCI DSS v3.2.1 PCI DSS v4.0 Defined Approach Requirements and Testing Procedures 1.1.1

PCI DSS 113

PCI DSS Procedures Authorization Security 113

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

The Payments Association

APRIL 7, 2025

The existing technical mechanisms, like MFA and biometrics, will not be able to prevent this type of fraud. Both rules-based and machine learning-powered transaction monitoring systems are in use, by 58.28% and 49.01% respectively. AI is being used to hack people, tricking them into transferring money to criminals.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Seon

JUNE 15, 2023

This means that a significant proportion of the surveyed businesses decided that traditional approaches to email security, such as firewalls, were not enough and should be enhanced with authentication processes such as multi-factor authentication (MFA) and encryption technologies. This is how you attempt to identify suspicious activity.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Seon

JANUARY 29, 2024

Educate your users: Remind users to prioritize password security, encourage the use of multi-factor authentication (MFA), and suggest the use of VPNs on public Wi-Fi networks. Behavior analysis with velocity rules If an account takeover is already underway, you can still catch it by spotting suspicious user behavior.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Phishing 52

EBizCharge

APRIL 22, 2025

Additionally, integrating with PCI-compliant payment solutions and enabling multi-factor authentication (MFA) adds an extra layer of security, helping businesses meet compliance requirements and safeguard customer payment data.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

FICO

SEPTEMBER 17, 2018

This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. This goes from something as basic as changing default admin passwords to more advanced activities like disabling unused ports and taking adequate measures to prevent SQL injection and cross-site scripting. Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. This goes from something as basic as changing default admin passwords to more advanced activities like disabling unused ports and taking adequate measures to prevent SQL injection and cross-site scripting. Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

Nanonets

SEPTEMBER 25, 2024

Set up rule-based workflows to identify and remove any duplicate entries and human review for complex or ambiguous transactions. Use advanced matching engines to create customizable match rules. Ensure compatibility with multiple statement formats for seamless integration (applies to template-based data extraction tools).

Process 52

Process AI Best Practices Reconciliation 52

Fintech Labs Insights

FEBRUARY 26, 2016

The enhancements are for Ping Federate, which offers banks an omnichannel authentication and access management solution that uses multi-factor authentication (MFA), single sign-on, and limited access security. Contextual MFA. The Colorado-based company launched two upgrades: Elastic scalability.

Authentication 14

Authentication MFA API Rules 14

FICO

NOVEMBER 7, 2022

Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. Another is layering in machine learning technology that includes dedicated Scams Detection Scores , which you can feed into decisioning rules to help increase friction when you see a high probability of a scam in progress.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

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

Basis Theory

OCTOBER 1, 2024

PCI additionally outlines requirements for user management procedures and rules. Another precaution worth highlighting is the use of multi-factor authentication (MFA). When combined with logging (#10), this identifier creates the data trail needed to help remediate an issue, identify the threat vector, and much more.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

EBizCharge

SEPTEMBER 6, 2024

Data processing: Once inputted into the system, data is automatically processed according to the predefined accounting rules and policies. This includes transactions related to sales, purchases, expenses, and payments. This can include calculating taxes, updating account balances, and generating invoices.

Accounts 52

Accounts CRM Automation Audit 52

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

EBizCharge

MARCH 21, 2025

Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data. RPA focuses on automating repetitive, rule-based tasks such as data entry and invoice processing, while AI goes beyond automation by analyzing data, learning from patterns, and making predictions.

AI 52

AI Accounts Fraud Detection Audit 52