RMAi Blog

MARCH 31, 2023

On March 23, 2023, Utah Governor Spencer Cox signed into law Senate Bill 127 which amends the state’s data breach notification statutes. The amendments go into effect May 2, 2023.

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SAP Credit Management

JULY 13, 2023

Singapore based cybersecurity firm, Group IB, reported that between June 2022 and May 2023, more than 101,000 ChatGPT account credentials were stolen by the hackers. For those of you unfamiliar with Cybersecurity jargon, the dark web is a part of the web accessible by special software/tools and users whose activities are not traceable.

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RMAi Blog

FEBRUARY 28, 2023

17, 2023 /PRNewswire/ — FLOCK Specialty Finance announces a strategic investment in technology and human capital related to data-driven insights and innovation. She will oversee automation of operational processes as well as data security and cybersecurity protocols. ATLANTA , Feb.

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RMAi Blog

FEBRUARY 3, 2023

On January 26, 2023, RMAI submitted comments in response to the Consumer Financial Protection Bureau’s Section 1033 Small Business Regulatory Enforcement Fairness Act Outline of Proposals. RMAI previously submitted comments in response to the Bureau’s Advance Notice of Proposed Rulemaking on the subject.

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Due

AUGUST 15, 2023

See Also: 8 Ways China’s New Cybersecurity Law is Bad News for Businesses Manufacturers, investors, and governments should be alert and adapt to these uncertain circumstances by diversifying their investments, supply chains, and economic policies. Featured Image Credit: Marcus Winker; Unsplash – Thank you!

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Cybersecurity 52

Abrigo

JANUARY 27, 2020

Be proactive in cybersecurity controls and implement best practices. . From the Bank Secrecy Act and anti-money laundering (BSA/AML) compliance, cybersecurity, credit risk, the implementation of the new standard for current expected credit losses (CECL), consider these goals for your credit union in 2020. . financial system.

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Waystar

APRIL 15, 2024

In the wake of February’s cybersecurity attack , costly disruptions in healthcare payment operations affected healthcare organizations across the U.S. 2023 Make the switch The post Waystar’s Accelerated Implementation Program: Success stories, metrics + more appeared first on Waystar. Talk about phenomenal client service!

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Abrigo

FEBRUARY 9, 2024

Treasury Secretary Janet Yellen said in  March 2023 that illicit actors  laundered at least $2.3 The January 2023 alert to financial institutions, Potential U.S. It is no secret that criminals use real estate to clean money derived from illegal proceeds; it’s one of the oldest forms of money laundering. billion through U.S.

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Abrigo

JANUARY 30, 2024

Consistently rated a top industry event by attendees, ThinkBIG brought together 650 people from banks, credit unions, and partners in 2023. Attendees staying at the resort can take advantage of two world-class golf courses, tennis or pickleball, or escape to the Tierra Luna Spa, a Forbes 2023 four-star Spa Award Winner.

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Abrigo

MARCH 24, 2023

Get ready for upcoming exams with this webinar, "AML/CFT hot topics for 2023: Are you prepared?" If the credit union has a history of OFAC violations, the OFAC risk should be classified as elevated and tightened with mitigating factors. You might also like this resource , "BSA examination prep checklist."

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Credit Unions Cybersecurity Credit and Collections Transactions 78

Biz2X

JUNE 9, 2023

The need for digital transformation was heightened by the 2023 news of the Silicon Valley Bank (SVB) collapse. Top Business Banking Trends for 2023 Challenges and considerations Aside from customer concerns about digital security, there are still some challenges financial institutions face when offering digital account opening options.

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Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. The second FinCEN rule describing changes to reporting on ownership is the Beneficial Ownership Information Access and Safeguards Final Rule , which was issued in December 2023.

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Abrigo

NOVEMBER 17, 2023

billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. According to the Federal Trade Commission (FTC), consumers lost $8.8 That equates to $35 billion annually. Find out how BAM+ stops fraud scams.

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Emagia

JANUARY 25, 2024

A growing number of top analysts see 2023 as a marker in time when AI transformed from theoretical possibility to a massive-yet-tangible opportunity. Conclusion Similar to the arch of cybersecurity and data privacy laws and regulations, AI is cementing itself as a permanent player in organizational risk, legal, and compliance frameworks.

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Abrigo

JANUARY 24, 2024

For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. Fraudsters can try to push through fraudulent transactions at any time, so fraud detection, processes, and controls must be in place to act quickly at all times. million stolen.

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Credit Unions Credit and Collections Transactions Cybersecurity 88

FICO Blog

JANUARY 4, 2023

Wed, 01/04/2023 - 14:05. An enthusiastic blogger, Sarah has blogged about subjects as diverse as identity management, fraud and cybersecurity, payments, women in the workplace and motivational sayings that are irritating! FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top. See all Posts. Related posts.

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Abrigo

MARCH 4, 2022

billion by 2023, synthetic identity fraud impacts customers' experiences and creates costs tied to collections. billion by 2023. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information. Takeaway 2 Estimated to increase to $2.42 billion in 2019 to $2.42

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Gaviti

FEBRUARY 6, 2023

And with the proliferation of AI and machine learning tools in the digital landscape, 2023 is the perfect time for accounts receivable (AR) teams to examine their processes and find areas for improvement through better technologies, tactics, and process management. Accounts receivable is no exception.

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SAP Credit Management

SEPTEMBER 19, 2023

(Jana Subramanian serves as APJ Principal Cybersecurity Advisor for Cloud Security and a Fellow of Information Privacy (FIP), awarded by the International Association of Privacy Professionals (IAPP). Disclaimer © 2023 SAP SE or an SAP affiliate company. All rights reserved.

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tillful

DECEMBER 13, 2022

Some of the challenges of having an ecommerce small business include cybersecurity, website conversion, competition in the market, streamlined order fulfillment, policies around returns and refunds, customer loyalty, and profit margins—just to name some. What are the challenges of having an ecommerce small business?

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SAP Credit Management

AUGUST 30, 2023

(Jana Subramanian serves as APJ Principal Cybersecurity Advisor for Cloud Security and a Fellow of Information Privacy (FIP), awarded by the International Association of Privacy Professionals (IAPP). By leveraging the Cyber Fusion Center, SAP is well-equipped to navigate the ever-changing landscape of cybersecurity threats.

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Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Some credit unions discussed the expected effects of CECL adoption in 2023 in a separate section of their plans.

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Due

MARCH 6, 2024

During the 2023 event, 15,000 people attended, 420 speakers spoke, 610 media outlets covered the event, and 216 sponsors were involved. Amid increasing threats, how can proactive cybersecurity be provided? It will also discuss cybersecurity, equity market structure regulation, and digital assets.

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SAP Credit Management

JANUARY 31, 2023

(Jana Subramanian serves as the APJ Principal Cybersecurity Advisor for Cloud Security. In this role, Jana supports strategic customer engagements on cybersecurity, data privacy, multi-cloud security integration architecture, contractual assurance, audit, and compliance.) Disclaimer © 2023 SAP SE or an SAP affiliate company.

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JANUARY 16, 2024

AI Skills Paving the Way to Financial Freedom CNBC named five high-paying occupations in 2023 — and all had an AI angle. From cybersecurity courses to digital marketing offerings, Google Career Certificates offer plenty of variety for mid-stage learners. Leveraged strategically, AI can correct this problem.

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Cybersecurity 105

SAP Credit Management

DECEMBER 19, 2022

I know, maybe an unconventional choice but there are 2 ways of looking at this movie: John McLane is a cross between a black-belt audit ninja warrior and a Cybersecurity analyst: an unstoppable action hero that single-handedly manages any crisis situations the night before Christmas. One of my favourites is… Die Hard 2. 2018 – Oops!

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Cybersecurity 131

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

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Credit Unions Cybersecurity 88

SAP Credit Management

FEBRUARY 13, 2023

(Jana Subramanian serves as the APJ Principal Advisor on Cybersecurity and is a Fellow of Information Privacy (FIP) recognized by the International Association of Privacy Professionals (IAPP). Towards this end, SAP has implemented a comprehensive approach to cybersecurity. Disclaimer: © 2023 SAP SE or an SAP affiliate company.

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Due

FEBRUARY 21, 2023

Cybersecurity breaches are particularly devastating when they involve your hard-earned money. In February 2023, for example, a man lost over $20,000 after a data breach at Medibank, and Optus leaked his personal information on the dark web. However, the rise in digital finance management makes customers more vulnerable to hacking.

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Cybersecurity Credit and Collections 52

Due

FEBRUARY 21, 2023

Cybersecurity breaches are particularly devastating when they involve your hard-earned money. In February 2023, for example, a man lost over $20,000 after a data breach at Medibank, and Optus leaked his personal information on the dark web. However, the rise in digital finance management makes customers more vulnerable to hacking.

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Cybersecurity Credit and Collections 52

SAP Credit Management

JULY 30, 2023

Since Jan 2023 to July 2023 approx. Akira ransomware operators claim to have compromised 63 organizations since March 2023. A total of more than 4,100 publicly disclosed data breaches occurred in 2022, resulting in the exposure of approximately 22 billion records. 14 new ransomware groups target organizations worldwide.

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Cybersecurity 150

Abrigo

FEBRUARY 22, 2024

Most financial institutions also reported that check forgeries and counterfeits were the fraud schemes that impacted their organizations the most in 2023. Despite this alarming trend, many institutions cite resourcing and the capacity of their fraud team as the main hurdles keeping them from prioritizing check fraud defense.

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Credit Unions Cybersecurity Transactions 78

Lendio

MARCH 15, 2023

As you plan your headcount for 2023 and beyond, avoid surprises by allowing for potential hiring expenses in your new-hire budget. These may include general liability, business interruption, cybersecurity, and commercial property insurance, among others.

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Abrigo

FEBRUARY 8, 2024

The 2023 figures have not yet been released, but they are looking to continue the upward trend. Often, those figures include the victim’s entire life savings. Many of these crimes go unreported due to victim shame and embarrassment, so the total dollars lost is most likely much higher. gov or calling 1-800-CALL-FBI (225-5324).

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Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. billion was lost to fraud through social media between January 2021 and June 2023. DOWNLOAD Takeaway 1 U.S. According to the FTC , $2.7

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Abrigo

JANUARY 31, 2023

register now Takeaway 1 While the AML/CFT industry seemed to have been in a holding pattern during 2022, regulatory movement is expected for 2023. From the Anti-money Laundering Act of 2020 (AMLA) to the SAFE Banking Act, here is a high-level look at what updates did occur and what hot topics banks will still be watching in 2023.

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Abrigo

JANUARY 30, 2023

Use this checklist to help sanctions staff stay updated and in compliance with Russian sanctions Download checklist Blog Advisory Services AML Software AML Training AML/CFT BSA Rules and Regulation Financial Crime Fraud Prevention Fraud Trends SAR FinCEN issues alert on Russian sanctions evasion in real estate market Learn More Blog Advisory Services (..)

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