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Your 8-Step Roadmap to Fintech Compliance

What Is Fintech Regulatory Compliance?Regulatory compliance in the fintech sector refers to the policies put in place governing the safe collection, storage, and use of sensitive customer data within fintech applications, online platforms, and digital services.These organizations are constantly evolving, pushing the envelope where digital progress is concerned. While banks offer the benefit of in...
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Credit Union Security: Your Compliance Roadmap

Cybersecurity for Credit UnionsCredit union cybersecurity compliance is the practice of adhering to a set of mandates and regulations that ensure the confidentiality and integrity of digitized member data.Last year (September 1, 2023 – August 31, 2024) the National Credit Union Administration (NCUA) reported 1,072 cyberattacks among the 4,411 federally registered credit unions in the U.S. That...
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Top Cybersecurity Regulations for Financial Services: Compliance Roadmap for FinServ and Banks

What Is Banking Regulatory Compliance?Banking regulatory compliance encompasses adhering to the policies put in place to ensure the stability and integrity of financial systems. These requirements are enacted by government institutions, or governing bodies of financial institutions themselves.Stable economies depend on trustworthy and resilient financial systems. Banking regulations exist to...
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Stop Cyber Threats Before They Cost You: Protecting Financial Services with Fortra

Two in three financial institutions faced cyberattacks in 2024, and that trend shows little sign of letting up. Because of their valuable data – hooked conveniently to direct financial information – FinServ organizations are perennial targets for hungry attackers. But this isn’t news to anybody. Financial institutions understand the threats, and for the most part, they are some of the most...
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Data Classification in Finance

Why should the financial services sector adopt a data classification strategy? Because more than nine out of ten (95%) of data breaches are financially motivated, according to this year’s Verizon Data Breach Investigations Report. Within the finance and insurance sector specifically, the rates were as high as 97% — no surprise there. However, what may be surprising is that most of these attacks...
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Data Classification in the Finance World

When it comes to data privacy, financial services is one of the most highly regulated industries, and as a result, finance organizations face immense pressure to protect the data they are creating, collecting, and storing. Let’s take a deeper dive into what pressures are put on financial organizations to protect their data, and what they can do to...
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Evolve Your Security Strategy to Prepare for DORA

Although the DORA compliance deadline is further away, financial institutions regulated by the Act should start preparing their journey now, before the last minute panic keeps knocking on your door. Antonio Sanchez breaks down the five DORA pillars and highlights what it takes to evolve your security effort.
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Cyber Insurance - Assessing Risks and Securing Your Future

Cyber insurance is not the most glittering side of cybersecurity, but it has certainly earned its place in today's security debate. According to Statista, as of 2021, an average of 48 percent of organizations in selected countries worldwide had cyber insurance, with numbers being slightly higher for countries such as the U.S. (50 percent), Sweden (55 percent), and Austria (66 percent). Current...
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What is DORA and How Can You Achieve Compliance?

When searching online for the new EU Regulation for strengthening the cybersecurity of financial entities and their third-party IT providers, called Digital Operational Resilience Act or DORA, it is almost certain that you will stumble upon Dora the Explorer, the famous kids’ animation.
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What is SOX Compliance? What You Need to Know

Under the Sarbanes-Oxley Act of 2002, SOX aims to safeguard investors and the public from corporate financial fraud. Under SOX, all companies need maintain accurate records to ensure robust data compliance.
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Top Cybersecurity Pain Points Facing Credit Unions and How to Address Them

Credit Union Cybersecurity Pain PointsAccording to Federal Reserve Chairman Jerome Powell, cyberattacks are one of the greatest risks to our global financial system. These risks have only increased as online financial transactions rise. For credit union cybersecurity, this means the effort required to protect member data is increasing and growing even more challenging.Direct attacks on credit...