Banking and financial systems often go unnoticed by the general public despite the fact that they support daily tasks. The US government even classifies financial systems under critical infrastructure. With both America and European countries relying heavily on technology, they have attempted to keep pace with new banking cybersecurity regulations. Ever wondered about the differences in cybersecurity regulations of banking in Europe vs. the US? Read on to find out now.
Category: EI3PA
Understand EI3PA compliance requirements and vendor risk management in financial services. Explore guides on EI3PA audits, Level 1 certification, and assessing third-party cybersecurity standards.
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What is the Experian Independent 3rd Party Assessment (EI3PA)?
For a variety of financial service companies, dealing with the credit history of customers is part and parcel of doing business. Whether its issuing a credit card or financing a small business, banks, lenders, and other service providers and institutions routinely utilize credit data from companies like Experian to make the most appropriate business decisions. But theres just one catch – financial institutions need to be careful (and compliant) in the way they handle private credit history information thats shared with them from Experian data.