In November 2018 the Central Bank of Ireland published the discussion paper “Outsourcing” providing findings and Issues for discussion based upon observations derived from their survey of regulated firms and ongoing supervisory engagement, risk assessments and reviews. As the CBoI says themselves “These observations highlight the need to ensure outsourcing risk is a core priority…
LEARN MOREPCI DSS Third Party Risk continued…. In our previous blog (PCI DSS Third Party Risk – Compliance and Liability in an Outsourced Payment Processing model) on the importance of being Payment Card Industry Data Security Standard (PCI DSS) compliant when using a Third Party service provider (TPSP) we highlighted the issue that PCI non-compliant organisations…
LEARN MOREPCI DSS Third Party Risk The use of Third Party service providers (TPSPs) to process credit card payments is increasingly popular given the cost and operational efficiencies it represents and the perception of short-cutting the costly burden of Payment Card Industry Data Security Standard (PCI DSS) compliance. In this series of blogs we’ll take a…
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