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Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

Although he didn’t technically have an account with MSF, their authentication system is based on email addresses, so Jim requested that a password reset link be sent to his email address. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C.

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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

Therefore, the FFIEC provides guidance on financial regulations and best practices for federal supervisory agencies, as well as helping them develop exam policies for banks, savings associations, credit unions, thrifts, and other financial institutions.

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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

Payment Services Directive (PSD3) PSD3 is an updated version of PSD2 and provides rules on the efficiency and security of digital payments and financial services in the EU. It aims to improve competition and innovation in the financial industry while increasing consumer protection.

Risk 71
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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Security Boulevard

Payment Services Directive (PSD3) PSD3 is an updated version of PSD2 and provides rules on the efficiency and security of digital payments and financial services in the EU. It aims to improve competition and innovation in the financial industry while increasing consumer protection.

Risk 70
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Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

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