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HIPAA Disaster Recovery Planning

VISTA InfoSec

According to the Contingency Plan Policy in HIPAA section 164.308(a)(7)(i) , covered entities must “formulate and execute, as needed, guidelines and procedures to respond to emergencies or other incidents (like system failure, fire, vandalism, or natural disaster) that damage systems containing ePHI.” What is a Contingency Plan Policy?

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ESAs respond to the European Commission’s rejection of the technical standards on registers of information under the Digital Operational Resilience Act and call for swift adoption

Neopay

The ESAs raise concerns over the impacts and practicalities of the proposed EC changes to the draft ITS on the registers of information in relation to financial entities’ contractual arrangements with ICT third-party service providers.

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OCC: Banks Face Higher Compliance Risks Due To Pandemic

PYMNTS

In its report, the OCC said that “operational risk is elevated, with banks implementing new processes and procedures, adopting pandemic-related continuity plans and responding to increased fraud and cyber risk.

OCC 66
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5 Reasons Why Collecting Payments with a PDF Form Isn’t PCI Compliant

EBizCharge

Yes, outsourcing payment processing to a PCI-compliant third-party service provider can help reduce your PCI scope and responsibilities. You must ensure the third party maintains compliance and appropriately manages cardholder data. Can outsourcing help with PCI compliance?

PCI DSS 52
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PCI requirements and who needs to follow them

Basis Theory

Third-Party Service Provider ( TPSP or "service provider") refers to an entity other than the Merchant, Acquirer, or Issuer involved in storing, processing, or transmitting card data. PCI additionally outlines requirements for user management procedures and rules.

PCI DSS 88
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Understanding Risk Management Strategies as a PayFac

Stax

Payfacs need to have regular AML screenings and strictly implement KYC procedures. Cyberattacks, human errors, third-party service provider failures, and system disruptions all come under operations risk. They also need to have strong data security protocols in place.

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How to Stay Compliant with NACHA Requirements

EBizCharge

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. This harmonization allows for more straightforward navigation and understanding of the required audit procedures.

NACHA 52