In 2018, 2.8 Billion consumer data records in the US alone were exposed with personally identifiable information (PII) making up 97% of the total information. As per recent reports published during January 1, 2018 to March 31, 2019, the compromised records led to losses totaling more than $654 Billion. Healthcare industry is by far the
Tag Archives: regtech
The contactless payment terminals market is projected to reach $28.7 Billion by 2023. With evolving payment challenges, businesses need to guard against fraudulent transactions. In a podcast interview with Information Security Media Group (ISMG), Sriram Natarajan shares his views on contactless payments and why it is imperative for businesses to balance security with customer convenience.
There’s a lot to be vigilant about for businesses between now and the year 2020. As we migrate to a world of real-time fulfillment and digital downloads, the response time to fraud attacks is constricting. Data security breaches and scams are becoming more sophisticated with card payment fraudsters elevating their game and empowered by technology.
Same Day ACH, Phase III is set to take the center stage in March 2018, setting a high standards for global banking eco-system. It is developed as an immediate solution to respond to market demand, from both businesses and consumers, to move money faster. Post March 16, 2018, all financial institutions (FIs) are required to provide end-of-day
Welcome to the future of banking where large tech companies, startups and financial services providers are competing for their slice of customer convenience in a highly competitive marketplace. The meteoric rise of FinTech is the inevitable result of an increasing consumer demand, to facilitate and ameliorate financial and banking procedures by harnessing the power of new