Marriott to Pay $52 Million, Upgrade Cybersecurity, to Settle Probes into Three Big Breaches
“Marriott’s poor security practices led to multiple breaches affecting hundreds of millions of customers,” according to the FTC.
“We were constantly wrestling with managing multiple banking relationships, connections and messaging formats,” says Mario Delfin, national manager of enterprise cash management and treasury systems at TFS. “Our core business lines could not take advantage of the greater reliability, security and convenience of new banking products if the formats didn’t match.”
Once the SWIFT Alliance Integrator was fully integrated in February 2011, “we removed the need for legacy systems to be reconfigured to meet changing standards, since the middleware handles the transformation of existing and new bank interface files,” Delfin says. “It will lower our cost for systems configurations and maintenance and it will allow us to quickly take advantage of new banking products and solutions.”
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“Marriott’s poor security practices led to multiple breaches affecting hundreds of millions of customers,” according to the FTC.
Congratulations to Paychex and Bristol Myers Squibb!
The winner of the 2024 Gold Alexander Hamilton Award in Operational Risk Management & Fraud Prevention is ... Paychex. Congratulations!
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