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.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

MARCH 7, 2022

The reputational risk alone is significant to your institution if you let a sanctioned Russian transaction fall through the cracks. There have been three stages of implementation so far, with a final rule and changes to the 2018 customer due diligence (CDD) legislation still forthcoming. Financial Cybersecurity. Shifting Focus.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Abrigo

MAY 11, 2020

title insurance companies, their subsidiaries, and agents, to determine the beneficial owners (natural person) behind certain entities used in “covered” residential real estate transactions, including cashier’s checks, certified checks, traveler’s checks, personal checks, business checks, money orders, funds transfers, or virtual currency.

Insurance Companies 78

Insurance Companies Cybersecurity Transactions 78

Abrigo

FEBRUARY 27, 2020

The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs. Financial Cybersecurity. Our Transparent AI is easy to explain to regulators. . BSA Software.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

APRIL 28, 2020

The five scenarios focus on: All credit transactions – This scans against every credit transaction, regardless of the type of transaction. Machine learning scenarios learn from normal transactions. This allows the system to learn from each transaction and more precisely detect potentially suspicious behavior.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

JANUARY 8, 2020

Some BSA professionals are excited for the promise of added security around transaction monitoring and fraud, while others are worried about the lack of security it provides their jobs. In December 2018, FinCEN released the Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing. BSA Software.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

OCTOBER 22, 2019

But as usual, this success brought about an increased focus by cybersecurity and e-commerce companies to identify “Magecart”-like vulnerabilities and improve detection and mitigation of such attacks. October 2018. to a secure payment page hosted by a payment service provider or IFrame). Minimum 5 orders / day. Minimum 3 orders / day.

Cybersecurity 60

Cybersecurity Transactions 60