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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121
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Retailer Hanna Andersson, Salesforce Are First Sued Under New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). Although the law has only been in effect since Jan.1, The California law is more specific and more punitive for breaches. In retailing it’s usually a good thing when you’re the first to do something.

CCPA 62
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Privacy Critic Files GDPR Complaints Against Facebook And Google

PYMNTS

As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. Furthermore, Schrems claims “Facebook has even blocked accounts of users who have not given consent.” But, with the law, users must be given a free choice.

Privacy 70
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Proxies Explained: The First Line Of Defense In Cybersecurity

VISTA InfoSec

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. This intermediary position prevents direct attacks against your network by blocking malicious traffic and unauthorized access attempts.

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Patient Record Breach Prompts Finland To Update Identity Code Laws

PYMNTS

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. The current law makes it difficult to change a personal identity code. The current law makes it difficult to change a personal identity code.

Breach 69
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Retailer Hanna Andersson, Salesforce Get First Taste Of New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). Although the law has only been in effect since Jan.1, The California law is more specific and more punitive for breaches. In retailing it’s usually a good thing when you’re the first to do something.

CCPA 52