fscom News and Events

fscom achieves globally recognised certification, ISO 27001 for best practice in information security.

[fa icon='calendar'] 12-Nov-2020 16:46:19 / by fscom Team posted in fscom News, In the Media, Cybersecurity

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fscom achieves ISO 27001, demonstrating its unwavering commitment to enhancing the security of its information as we continue to work in the new ‘virtual reality’ to which we have all become accustomed.
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‘Smile’ and bear it: operational resilience and the Co-operative Bank

[fa icon='calendar'] 16-Jul-2020 16:17:24 / by Greg James posted in Cybersecurity

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In this blog, Simon Whittaker and Greg James discusses the recent outages faced by Smile, an online banking service offered by the Co-operative Bank.

 

The Co-operative Bank has been no stranger to operational issues affecting its app and web services over the past few years and, yet again, it has suffered issues. The recent outages, with the accompanying customer impact, illustrates common issues and why the regulators are emphasising the importance of building operational resilience in financial services. 

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Is your zoom video conference as private as you think?

[fa icon='calendar'] 02-Apr-2020 14:44:57 / by Simon Whittaker posted in Cybersecurity, Covid 19

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With my NICyber hat on last week I helped run a webinar about the new challenges facing us all in this new normal that we now find ourselves. In this post, I will share some additional thoughts about some best practices for video and screensharing tools.

 

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2020 Regulatory Outlook – Top Themes for Financial Services for the Year Ahead

[fa icon='calendar'] 13-Feb-2020 12:00:00 / by fscom Team posted in BREXIT, 5MLD, Payments sector, safeguarding, Cybersecurity, Cryptoassets

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Operational and security risk reporting (REP018) and IT audits

[fa icon='calendar'] 17-Nov-2019 13:56:03 / by Alison Donnelly posted in SCA, open banking, Cybersecurity

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Around this time last year we published a blog on REP018, discussing the reporting obligation and who had to submit. Just to recap, REP018 is the name the FCA has given to the reporting return for the operational and security risk assessment that all payment service providers (PSPs) must submit to their regulator at least once a year, or more often as the regulator directs. Most other regulators, including the Central Bank of Ireland, simply refer to the return as the ‘operational and security risk assessment.’

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Meeting the IT Requirements of PSD2

[fa icon='calendar'] 25-Sep-2019 08:23:00 / by Alison Donnelly posted in PSD2, Regulatory compliance, Regulatory compliance advisory, Payments sector, E-money sector, Cybersecurity

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18 days to go! REP018 - Are you ready?

[fa icon='calendar'] 14-Dec-2018 08:04:00 / by Alison Donnelly posted in Cybersecurity

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Countdown to REP018 - 31 December 2018

[fa icon='calendar'] 23-Nov-2018 08:46:00 / by Alison Donnelly posted in Cybersecurity

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REP018: Can you refresh my memory?

[fa icon='calendar'] 09-Oct-2018 11:00:00 / by Stephen Watkins posted in Cybersecurity

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Discussing reporting obligations with our payments clients recently has revealed a lack of awareness of REP018, a report driven by the requirements of the second payment services directive (PSD2). PSD2 included Article 95(2), which requires payment services providers (PSPs) to report to the competent authority with an operational and security risk assessment. So, what is REP018 and why has it caught so many by surprise?

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REP018, Open Banking and the InfoSec Challenges facing the Payments Industry

[fa icon='calendar'] 10-Sep-2018 09:55:00 / by Alison Donnelly posted in Open Banking and SCA, Training, Cybersecurity

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