March 15, 2016
General control and security environment of the platform supporting the Internet payment service
One of the most important parts of risk mitigation is the ability to understand the risks and build an adequate response system. It is commonly believed that risks with payments are mostly external. However, a proper security system would be able to assess internal risks as well and be ready for response. Payments service providers should be able to evaluate the adequacy of their internal security controls against both internal and external risk scenarios.
- Legislation compliance
The financial services industry faces some of the harshest regulatory environments globally, which means that payments service providers need to make su ...