Remove tag regulatory breaches
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SMEs Forced To Live With New Normal Of Cyberattacks

PYMNTS

The price tag attached to a data breach on a small business has increased this year, according to new analysis from IBM and Ponemon Institute. With their newly released “ 2016 Cost of Data Breach: Canada ” report, the firms examined the financial impact of data breaches on 24 companies in Canada to assess the damage.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

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The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

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Jumio CTO Paints A Portrait Of ‘IDV Nirvana’

PYMNTS

Plus, data breaches have left a lot of those security responses exposed. This method, Patel said, also ensures that organizations are meeting compliance and regulatory requirements. Data tagging is how ground truth is established. Basically, said Patel, if a provider is PCI-compliant, “You don’t have to worry about a breach.”.