Third-Party Risk

Compliance and Security for FinTech Compliance and security are foundational for fintech. Regulators expect clear processes, and users want their money and data to be safe. A solid program helps you meet laws and keeps operations smooth across markets. It also builds trust with customers, partners, and investors. A practical approach rests on three building blocks: governance, people, and technology. Governance and policy: define who owns each control, keep written policies, and review them regularly. People and training: educate staff, enforce least privilege, and use role-based access. Technology and data: protect data with encryption, strong access controls, and secure software practices. Data protection goes beyond a legal checkbox. Minimize what you collect, store only what you need, and monitor access. Encrypt data in transit and at rest, and apply strong authentication for high-risk actions. ...

E-Commerce Security: Protecting Customer Data Online shops collect many data items from customers. Names, emails, addresses, and payment details help the business, but they also create risk. A small data breach can shake trust and hurt sales. Good security is not only for big brands. It starts with simple steps and clear policies that everyone follows. Use HTTPS everywhere and renew TLS certificates. Require strong passwords and enable two-factor authentication for staff. Limit who can see customer data and review access regularly. Store only the data you need; encrypt data at rest and in transit. Keep software updated and scan for vulnerabilities. Payment data is highly sensitive. Use a secure payment processor and tokenization so you never store full card numbers on your servers. PCI DSS is a standard that guides these steps and helps keep payment data out of reach of attackers. ...