SAP Credit Management

SEPTEMBER 12, 2023

In this article, we’ll explore how this innovative model is reshaping the way we protect our digital infrastructure by erasing trust assumptions and redefining the very essence of security. It’s a continuous commitment to cybersecurity excellence. Once your asset and access plan is set, it’s time to take action.

Cybersecurity 169

Cybersecurity 169

SAP Credit Management

JANUARY 25, 2023

In the previous part (#1) of our Mittigation control series of articles we concluded that managers responsible for business operations must decide when and in what situations the system access risk should be remediated by access removal, and when it should remediated by assigning compensating controls. What is the best way to proceed?

Cybersecurity 134

Cybersecurity Transactions 134

Abrigo

JUNE 3, 2021

Want more BSA training and articles emailed to you? According to the “ 2021 Crypto Crime Report” published by Chainalysis, 55% of all cybersecurity crime is comprised of just 270 deposit addresses. Financial Cybersecurity. Cryptocurrency continues gaining traction. Takeaway 1 The cryptocurrency industry has expanded quickly.

Cybersecurity 147

Cybersecurity Credit Unions 147

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.

Cybersecurity 139

Cybersecurity Credit and Collections 139

SAP Credit Management

JANUARY 12, 2023

Sarah also believes cybersecurity is one of the biggest risks to supply chain sighting a Gartner prediction that by 2025, 35% of organizations worldwide will have experienced attacks on their software supply chains, a three-fold increase from 2021. This article was previously published on Forbes.com . Follow me on Twitter.

Cybersecurity 211

Cybersecurity 211

Abrigo

SEPTEMBER 21, 2023

Would you like other articles like this in your inbox? Internet bank fraud is here to stay; learn how to detect and stop it. Every type of fraud has something unique it leverages to dupe unsuspecting citizens. Learn what is different about internet bank fraud. Takeaway 1 It is important to monitor fraud effectively and consistently.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

DECEMBER 8, 2021

Would you like other articles like this in your inbox? Add articles to your training to show that crime does occur everywhere. Stay up-to-date on all legislation by reading industry articles, attending free webinars from reputable sources, and leveraging other resources, like the Abrigo Knowledge Center. Financial Cybersecurity.

Cybersecurity 78

Cybersecurity Transactions 78

SAP Credit Management

SEPTEMBER 8, 2023

Executive Order (EO) 14028, Improving the Nation’s Cybersecurity (May 12, 2021),1 focuses on the security and integrity of the software supply chain and emphasizes the importance of secure software development environments. That is why securing the software supply chain is the most important priority. `

Cybersecurity 134

Cybersecurity 134

Abrigo

MAY 20, 2022

Would you like other articles like this in your inbox? Financial Cybersecurity. Financial Cybersecurity. Cybersecurity Advice for Banks & Credit Unions Amid Russia-Ukraine Situation. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Biz2X

JANUARY 4, 2024

This article explores the key predictions and trends that are likely to shape the lending industry in 2024. Banks and lenders will invest more in robust cybersecurity measures to protect sensitive customer data.

Cybersecurity 52

Cybersecurity Credit Scoring Transactions 52

Abrigo

JULY 13, 2023

Would you like other articles like this in your inbox? Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

Cybersecurity 78

Cybersecurity Credit Unions Credit Scoring Transactions 78

Due

AUGUST 15, 2023

This article delves into the possible causes of this slowdown, its implications on the overall financial ecosystem, and the possible geopolitical ramifications due to a weakened China. What is the central message of this article?

Cybersecurity 52

Cybersecurity 52

Abrigo

OCTOBER 21, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. 6 key areas of due diligence to consider before signing a contract. Thoroughly assess your contract.

Cybersecurity 60

Cybersecurity CECL Credit Risk 60

Abrigo

OCTOBER 23, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses.

Cybersecurity 60

Cybersecurity Credit Risk CECL 60

Abrigo

MARCH 7, 2022

That's partly why it's among the top regulatory hot topics in 2022 and is further discussed in the common deficiencies section later in this article. Financial Cybersecurity. Financial Cybersecurity. Cybersecurity Advice for Banks & Credit Unions Amid Russia-Ukraine Situation. Card Fraud. Customer Due Diligence.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Abrigo

DECEMBER 7, 2021

Would you like other articles like this in your inbox? Financial Cybersecurity. Financial Cybersecurity. Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

Cybersecurity 78

Cybersecurity Credit Unions Credit and Collections Transactions 78

Due

MARCH 19, 2023

If you are considering joining the ranks of female entrepreneurs, this article has you covered with some great businesses to start in 2023. Consulting If you have business or technology experience, you could start a consulting company, helping businesses improve various functions and processes such as management, operations, or cybersecurity.

Cybersecurity 139

Cybersecurity 139

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Measuring the cost of fraud losses. Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Biz2X

OCTOBER 13, 2023

This article provides an overview of the fundamental aspects of bank partnerships and provides insights into best practices that financial institutions should consider when selecting their next strategic partner. Experience: Evaluating operational history, business model, and consumer reviews of the partner company.

Cybersecurity 52

Cybersecurity Transactions Small Businesses 52

Abrigo

NOVEMBER 7, 2022

Would you like other articles on BSA/AML training in your inbox? Financial Cybersecurity. Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation, and fraud are rising in the veteran population and can devastate older Americans. Learn More.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Biz2X

OCTOBER 13, 2023

This article provides an overview of the fundamental aspects of bank partnerships and provides insights into best practices that financial institutions should consider when selecting their next strategic partner. Experience: Evaluating operational history, business model, and consumer reviews of the partner company.

Cybersecurity 52

Cybersecurity Transactions Small Businesses 52

Fundera

OCTOBER 7, 2020

Cybersecurity breaches: Cybersecurity and data breaches are extremely common among small businesses. Article Sources: . Pandemics can force your business to drastically slow down and drive employees to work from home. In the wake of COVID-19 , creating a business continuity plan for a pandemic has become even more important.

Cybersecurity 98

Cybersecurity Small Businesses 98

Abrigo

OCTOBER 10, 2023

Would you like other articles like this in your inbox? Learn More Blog AML Software AML/CFT Financial Crime Financial Cybersecurity Fraud Prevention Fraud Trends Why internet bank fraud is so much more than IP addresses Learn More The post The fraud triangle: What it is and how to apply it to your customers appeared first on Abrigo.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Abrigo

DECEMBER 10, 2021

Would you like other articles like this in your inbox? Financial Cybersecurity. New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Learn More. BSA Training. Best Practices for a Successful BSA/AML Board Training.

Nonprofit Organizations 78

Nonprofit Organizations Cybersecurity 78

Due

JULY 27, 2023

In this article, we have listed 50 fintech companies that are hiring employees. Bittrex Three cybersecurity engineers founded Bittrex in 2014 to leverage the blockchain industry through innovation. Apart from fintech, they focus on IT, security solutions, cybersecurity, and technology.

Cybersecurity 52

Cybersecurity Credit and Collections Transactions Debt Collections 52

SAP Credit Management

JULY 29, 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). For a deeper comprehension of each of these tools, consider perusing related blogs and visiting [link].

Cybersecurity 149

Cybersecurity Default 149

Biz2X

JUNE 9, 2023

Addressing security concerns and cybersecurity risks Digital transformation introduces new cybersecurity risks and threats. Takeaways Digital transformation introduces new cybersecurity risks and threats. Banks must implement robust security measures throughout their ecosystem.

Cybersecurity 40

Cybersecurity Credit and Collections Credit Unions Transactions 40

Abrigo

JULY 16, 2021

Would you like others articles like this in your inbox? FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Biz2X

MARCH 31, 2023

This article explains the benefits you could enjoy if you improve your account opening process during this challenging time for financial institutions. Other than a failure, nothing is more devastating to a bank than a data theft or other cybersecurity issue. This will improve conversions at those banks while lowering yours.

Brokerages 52

Brokerages Credit and Collections Cybersecurity Credit Unions 52

Abrigo

JULY 14, 2023

Would you like other articles like this in your inbox? Practical advice for using data to develop and support institution goals Answering three questions ahead of strategic development discussions can ensure data drives your financial institution's efforts.

Credit Unions 78

Credit Unions CECL Dashboards Revenue Recognition 78

Abrigo

NOVEMBER 11, 2021

Would you like other articles like this in your inbox? Financial Cybersecurity. Ransomware poses a significant threat to FIs. In response to an increase in ransomware attacks, the latest FinCEN advisory shows the dynamic nature and criticality of ransomware threats. . financial institutions. Learn More. Learn More. Fraud Prevention.

Transactions 78

Transactions Cybersecurity Credit Card Payments Credit Unions 78

Abrigo

NOVEMBER 11, 2021

Would you like other articles like this in your inbox? Financial Cybersecurity. Ransomware poses a significant threat to FIs. In response to an increase in ransomware attacks, the latest FinCEN advisory shows the dynamic nature and criticality of ransomware threats. . financial institutions. Learn More. Learn More. Fraud Prevention.

Transactions 78

Transactions Cybersecurity Credit Card Payments Credit Unions 78

Due

FEBRUARY 10, 2023

Moreover, entrepreneurs need business insurance like EPLI (employee practices liability insurance) and cybersecurity (for things like ransom attacks). The articles of incorporation and operating agreement of your business can work collaboratively with your estate documents to help smoothen out this process.

Cybersecurity 69

Cybersecurity 69

Abrigo

DECEMBER 28, 2016

This can result, Boomer has said in a previously published article , in the firm’s IT staff being looped in only when management announces that 50 new people will join the firm next week and need the technology to hit the ground running. If so, what does this mean for the ability to work remotely and enhance collaboration after the merger?

Accounting Firms 74

Accounting Firms Cybersecurity 74

Abrigo

NOVEMBER 2, 2021

Would you like other articles like this in your inbox? Financial Cybersecurity. Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. BSA Rules and Regulation. The AMLA and a Culture of Compliance – More Critical Than Ever.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

MAY 19, 2016

Compliance, strategic planning, corporate governance and banks’ ability to address information security risks and cybersecurity threats are the remaining areas of supervisory focus for the second half of the year, the OCC said. See webinars, whitepapers and articles on our Resources for Bankers page.

Credit Risk 60

Credit Risk Cybersecurity 60

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Operational problems in BSA/ AML, information technology and cybersecurity 12.

Cybersecurity 60

Cybersecurity Credit Risk 60