Tag Archive : Compliance

/ Compliance

Request Payment Method and Multi-Factor Authentication are among the new features which can lower PCI scope and strengthen client confidence.

ClientPay (clientpay.com), an award-wining digital payment acceptance solution for legal and professional services firms, has announced enhanced security features designed to help firms operate more securely, with reduced liability and lower PCI scope. These features include a Request Payment Method solution and Multi-Factor Authentication.

ClientPay has received significant recognition for its ease of use, enabling professional services firms to get paid faster and more simply while presenting a streamlined, professional experience for the firms’ clients. With ClientPay, firms have the technology they need to ensure they can meet the most rigorous PCI-SSC Data Security Standards. These enhanced security features give firms even more tools to ensure they are keeping their clients and firm safe while eliminating PCI scope. Not having these features means more compliance red tape, more risk of

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An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as

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Strike Graph co-founders Justin Beals and Brian Bero. (Strike Graph Photo)

Seattle startup Strike Graph raised a $3.9 million seed round led by Madrona Venture Group.

The company, founded less than a year ago and spun out of Madrona Venture Labs, helps companies prepare for the cybersecurity certification process.

Most B2B organizations need to pass cybersecurity audits to ensure their service meets security and privacy standards. Strike Graph says its customers can earn a SOC 2 Type 1 certification in 45 days and save $50,000 in consultant fees thanks to automation and customization features.

The 5-person startup is led by CEO Justin Beals, a veteran of NextStep, Koru, Roundbox Global, and other startups, along with Brian Bero, who previously co-founded Seattle tech stalwart Apptio and recently sold security startup Greytwist to SmartRIA.

The idea for Strike Graph came about after Beals struggled with the SOC 2 process as the CTO

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New CyberStrong platform updates allow customers to quickly align with the Financial Services Sector Cybersecurity Profile and harmonize compliance standards across FFIEC, NIST, PCI, and others supported by patented automation.

CyberSaint, the developer of the leading platform for automated, intelligent cybersecurity program management, today announced the availability of new features supporting the Financial Services Sector Cybersecurity Profile within the CyberStrong platform, including automated mappings between those standards and the NIST Cybersecurity Framework, FFIEC, and others. These updates are supported by CyberSaint’s existing patented technology, which is used to optimize program performance and eliminate manual intervention for assessments, remediation, and reporting.

The Financial Services Sector Coordinating Council (FSSCC) cybersecurity profile was created by the Bank Policy Institute (BPI), leading organizations, and institutions to fulfill the need for a more efficient, tailored, and easily communicated framework to leverage across the financial services sector. The profile is designed for all financial services organizations

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