The European Banking Authority is to relax proposed rules on a requirement for strong customer authentication for all payments under EUR10, after being on the receiving end of a volley of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout.
Digital currencies such as Bitcoin will not be safe without government intervention and are likely to be counterfeited, according to a Bank of Canada report drawing on the lessons off private bank notes in the 1800s.
US bank lobby group The Clearing House has called for an overhaul of how its members deal with AML requirements, arguing that they should spend less time and money on submitting suspicious activity reports and instead concentrate on using more innovative methods to thwart money laundering and terrorist financing.
IBM has struck a deal with Visa which will give all of Big Blue's Watson IoT platform customers access to the card giant's payment services, potentially turning billions of cars, fridges, sneakers and other connected devices into points of sale.
At the 8th Annual Cloud Security Alliance (CSA) Summit at RSA in San Francisco today, Skyhigh Networks, the world’s leading Cloud Access Security Broker (CASB), unveiled a new survey, “Custom Applications and IaaS Report 2017.” Conducted in partnership with the CSA, the report provides striking details around widespread migration of custom or internally developed applications from corporate datacenters to infrastructure-as-a-service (IaaS) platforms such as the Amazon Web Services (AWS) Cloud, Microsoft Azure and Google Cloud Platform.
Kaspersky Lab and HackerOne, the leading bug bounty platform, today announced results of the Hacking America: Cybersecurity Perception study, which revealed that American businesses and consumers still need a more comprehensive understanding of cyberthreats and how to protect personal and sensitive business data online.
The International Compliance Association (ICA), a global, not-for-profit professional membership body supporting compliance professionals through independently awarded certifications, announces its expansion into the US, with its primary training partner, International Compliance Training (ICT). The US team, based in New York, offers programs covering Anti-Money Laundering (AML), Anti-Bribery & Corruption, Know Your Customer (KYC), Sanctions and Managing Fraud to help further the careers and knowledge of compliance professionals, with differentiated course levels available for each career stage.
Sophisticated cyber security defenses are increasingly in high demand as a cyber security attack is now viewed as an inevitability. However, a majority of surveyed organizational leaders fear they are ill-equipped to address these threats head-on.