Whether application programming interfaces (APIs) are the most secure method for third-party access remains an open question, experts believe.
On October 15, 2018 the Canadian Department of Finance published the G7 Cyber Expert Group's fundamental elements for threat-led penetration testing and the fundamental elements for third-party...
The Central Bank of Ireland has told financial companies they can outsource IT services but “cannot outsource the risk”, issuing a warning that the country must not lapse into the mindset that...
Irish data protection authorities have seen a “significant” increase in both complaints and breach notifications since EU-wide reforms took effect in May, PaymentsCompliance can reveal.
The UK’s financial regulator has handed down a £16.4m fine to Tesco Bank for its failings in relation to a cyberattack in 2016, bringing to the fore questions of regulatory jurisdiction in a post...
On July 19, 2018, the Personal Information Protection Commission launched a public consultation on amendments to the Guidelines on Proper Handling of Specified Personal Information (Business...
Leaving open banking data standards in the U.S. to the whims of the private sector could leave consumers exposed to malicious practice with no recourse, experts have said.
European law enforcement authorities have warned that EU reforms obliging banks to open up customer data to third-party providers may create new opportunities for crime in the financial sector.
The Chilean government has issued a series of changes to its cybersecurity standards, increasing incident reporting requirements for banks and non-bank payment card issuers and operators.
Singaporean authorities have defended their aggressive push towards wider adoption of digital payments, after concerns that some cash-dependent segments of society could be left behind.
British Airways has confirmed that cardholders’ CVV numbers were accessed during a recent high-profile data breach, but said the highly sensitive information was not being stored internally.
On September 6, 2018, the Monetary Authority of Singapore (MAS) launched a public consultation on the proposed required cybersecurity measures to tackle potential threats to IT systems, which are...
The Reserve Bank of Australia has laid out its corporate plan for 2019, prioritising payment system access issues, the development of innovative new services and bolstering resilience of the...
Recognising that the existence of a safe and secure cyberspace is of vital importance for the social and economic growth and development of the country, the Ministry of Administration and...
Brazil's central bank has issued wide-ranging cybersecurity rules for payment firms, abandoning plans to restrict transactional data storage after industry pushed back on draft proposals.
With the next phase of the New York State Department of Financial Services’ pioneering cybersecurity rules set to kick in next week, the impending deadline could be a date to watch even for...

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