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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. NYSE:GPN ]. “We immediately contained the suspicious activity and the business is operating normally.”

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Digital Banking Trends Survey Identifies Robotic Process Automation Software as a Promising New Technology

Info Source

The 2018 Financial Services Industry Survey Report confirms numerous compliance functions, from initial inquires through customer off-boarding, as key challenges for financial institutions, with 91% citing the “time/cost required from concept to reality” and 86% pointing to “budget constraints” as primary impediments.

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eIDAS 2.0 REGULATION WILL CHANGE IDP USE CASES INCLUDING ID CAPTURE IN THE EU

Info Source

Some business applications primarily involve Capturing ID, e.g., hospitality or access restrictions. End customers and service providers need to adjust their process steps to support the additional input source and more importantly the hybrid inputs which will shift towards eIDs. BROADENS THE SCOPE CONSIDERABLY eIDAS 2.0,

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NEW TECH: Cequence Security launches platform to shield apps, APIs from malicious botnets

The Last Watchdog

billion data records were compromised worldwide in the first half of 2018 – a 72 percent rise in the number of lost, stolen or compromised records reported in the first six months of 2017. Vulnerable online apps and services factored in as a primary target of automated botnet attacks. According to Gemalto’s Breach Level Index , 3.3

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. 2018-L-11008, 2018 WL 4941760 (Ill. For example, Mondelez International Inc.

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Ransomware Protection in 2021

eSecurity Planet

” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” A cloud access security broker (CASB) can help manage policy enforcement for your organization’s cloud infrastructure.

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Data Protection and the Draft EU-UK Withdrawal Agreement: Ten Initial Conclusions

HL Chronicle of Data Protection

Analysis of the text has barely started, but some of our initial conclusions are outlined below. This should not come as a surprise given the history of the UK data protection law and given the stated intention of preserving existing data protection law under the European Union (Withdrawal) Act 2018. Prospects of a finding of adequacy.

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