article thumbnail

Optimizing PCI compliance in financial institutions

CIO Business Intelligence

Financial institutions must ensure the protection of sensitive personal information, most commonly payment card data, to maintain, trust and meet various regulatory requirements. The Payment Card Industry Data Security Standard (PCI DSS) is a crucial framework to which financial institutions must adhere.

article thumbnail

Prudential Financial suffers a new data breach

Dataconomy

The Prudential data breach is confirmed In a recent disclosure, Prudential Financial announced a data breach last week, during which unauthorized parties accessed and extracted data related to employees and contractors, only to be expelled from the infiltrated systems the following day. Featured image credit: Compare Fibre/Unsplash

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

article thumbnail

Banking and financial software development: Features and requirements

Dataconomy

The development of banking and financial software is essential to the banking sector’s digital transformation. Banks and other financial organizations may simplify operations, boost security, and provide clients with better services thanks to these software solutions.

article thumbnail

Patient Portal Puts a Spotlight on Secure Messaging

CTOvision

Healthcare professionals, hospitals and their technology vendors need to ensure appropriate security measures are in place to avoid jeopardizing incentive payments, or they risk receiving financial penalties for non-compliance. Secure Messaging Requires Authentication and Secure Networks. Network Security.

Security 267
article thumbnail

More connected, less secure: Addressing IoT and OT threats to the enterprise

CIO Business Intelligence

In this article, we’ll explore the risks associated with IoT and OT connectivity and the measures that organizations need to take to safeguard enterprise networks. Their vulnerabilities can serve as gateways into the enterprise network for malicious actors. Your network becomes a breeding ground for threats to go undetected.

article thumbnail

US and Europe will block some Russian banks from SWIFT

The Verge

A coalition of NATO-aligned countries has committed to new measures meant to sever Russia from the global financial system, countries announced in a joint letter today. The organization’s eponymous payments network does not actually exchange money but is used to authenticate payment instructions between banks.

Banking 98