PYMNTS

AUGUST 16, 2017

This week, the ride-hailing company has made arrangements to settle with the Federal Trade Commission (FTC) over allegations that it did not protect consumer privacy in a 2014 breach. The drama that wages on with Uber may be coming a halt soon — at least on one front anyway.

FTC

Payments Source

AUGUST 1, 2019

data breach. The Federal Trade Commission just updated its website with disappointing news: No, you aren’t getting $125 because of the Equifax Inc.

Federal Trade Commission

Payments Source

AUGUST 14, 2019

The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.

FTC

PYMNTS

JULY 22, 2019

The FTC voted 3-2 in favor of a settlement with Facebook, and a Republican majority supported it, while the Democratic commissioners objected to it. In 2011, Facebook and the FTC reached a consent decree in regards to protecting user privacy. Some say the fact that the FTC is settling means Facebook is getting off easy.

FTC

Payments Source

JULY 19, 2019

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

Federal Trade Commission

PYMNTS

APRIL 30, 2020

Bitcoin blackmail scams are on the rise , according to the Federal Trade Commission (FTC). The FTC’s advice when one receives those messages is blunt: “Stop. The FTC’s advice when one receives those messages is blunt: “Stop. The FTC says the spike in the messages may be because of a recent data breach that exposed many emails.

FTC

PYMNTS

JANUARY 24, 2019

The Wall Street Journal , citing a draft letter from the advocacy groups, reported that among the fixes in light of the Cambridge Analytica scandal in which the now-defunct political consulting firm accessed the data on 87 million users without their permission, is to spin out WhatsApp and Instagram.

FTC

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1 Unixiz, Inc.,

FTC

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC

Payments Source

DECEMBER 7, 2018

Familiar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything?

Data Breach

PYMNTS

SEPTEMBER 22, 2017

The National Bank of Canada, the sixth largest lender in Canada, has become the latest high-profile firm to announce a data breach. Reuters reported people may have been able to see other customers’ data when filling out an electronic form on the bank’s website.

Data Breach

PYMNTS

OCTOBER 24, 2019

Democratic Senators are calling on the Federal Trade Commission (FTC) to conduct an inquiry into Amazon regarding the Capital One breach, The Wall Street Journal reported on Thursday (Oct. They want the FTC to determine if Amazon’s negligence violates federal law as an “unfair business practice.” .

FTC

Payments Source

JULY 29, 2019

stemming from a data breach two years ago. Consumers are looking forward to $125 settlement checks from Equifax Inc. Hackers, however, are using the claims as another opportunity to steal their personal information.

Data Breach

Payments Source

OCTOBER 24, 2019

The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.

Federal Trade Commission

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Australia and the Philippines are launching inquiries into how Uber handled the data breach. 22), regulators in the U.K.,

Regulations

PYMNTS

NOVEMBER 30, 2017

29) they have created a task force to coordinate the inquiries into the data breach at Uber , which the ride-hailing company covered up for a year. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. Lawmakers in the U.S.

Privacy

FICO

JULY 7, 2020

Sign up for free Federal Trade Commission (FTC) scam alerts. The FTC tracks new prevalent scams that you should be aware of. Use the help offered by breached organizations. Often organizations that have encountered a data breach, will provide free resources.

Scams

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Breaches are not the only reason why card networks come under fire, however, and Mastercard and Visa recently made headlines for alleged misbehavior.

Debit Card

PYMNTS

JULY 23, 2019

The report could mimic the company’s first-quarter earnings, which beat expectations on revenue and daily user growth but was weak on earnings due to the ongoing Federal Trade Commission (FTC) investigation into Facebook and Cambridge Analytica.

Federal Trade Commission

PYMNTS

APRIL 12, 2018

It would also give enforcement authority to the Federal Trade Commission (FTC). Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined.

Consumer

PYMNTS

NOVEMBER 20, 2019

In a speech at Stanford University in June, Cook said tech firms in Silicon Valley have to be responsible for the “chaos” they create, specifically citing privacy violations and data breaches. “We And in January, Cook called on the U.S.

Privacy

PYMNTS

JUNE 16, 2019

The speech encompassed privacy violations and data breaches, among other topics, CNBC reported. Cook said, “We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning out national conversation, the false miracles in exchange for a single drop of your blood.”

Federal Trade Commission

PYMNTS

SEPTEMBER 18, 2017

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. We don’t need more regulation. What we need is competition.

Regulations

PYMNTS

JANUARY 9, 2018

subsidiary agreed to settle charges filed by the FTC after the incident, according to an FTC press release. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S. Furthermore, reasonable measures must be taken to secure sensitive data provided by children.

Settlement

PYMNTS

DECEMBER 1, 2017

The company informed the New York Attorney General, Eric Schneiderman, and the FTC about the October 2016 hack for the first time on Tuesday. Washington State’s AG has already sued the ride-sharing company, alleging it had violated the state’s data breach notification law. authorities seeking an explanation.

Breach

PYMNTS

JULY 19, 2019

Facebook Slapped With $5B FTC Fine, But Still Has Lots Of Friends. Even with reports of fake news, election tampering and user data breaches, Facebook still has a lot of friends : Its user base has grown and revenue has soared. and closed at $204.87.

Payment APIs and Integration

PYMNTS

DECEMBER 11, 2017

But that could change if the Senate can pass the Data Security and Breach Notification Act , which would require companies to report data breaches within 30 days. If an individual knowingly conceals a data breach, he or she could face up to five years in prison.

Bitcoin

PYMNTS

APRIL 12, 2017

The increase in fraudulent activity has come as the result of major data breaches in which account login credentials were swiped from companies like Adobe, Myspace and LinkedIn and sold on the dark web. An estimated 2.6 billion email addresses and passwords have been stolen in total.

FTC

PYMNTS

JANUARY 3, 2019

Last year, it was discovered that the now-defunct political consulting firm Cambridge Analytica accessed the data on 87 million Facebook users without their consent. The social media giant has admitted to Congress that it provided companies with special access to user data.

Federal Trade Commission

PYMNTS

NOVEMBER 27, 2018

Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Department of Justice (DOJ) and Federal Trade Commission (FTC). after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

Federal Trade Commission

PYMNTS

AUGUST 7, 2018

The bill is expected to include legislation that sets new standards for stopping consumer data breaches, and current laws that impact sensitive media and educational data won’t change. The Wall Street Journal noted that federal legislation will likely be passed on to the Federal Trade Commission to craft.

Privacy

PYMNTS

APRIL 30, 2018

ENISA urges organizations to define the boundaries of their data processing systems and the relevant context. Understanding these parameters can help businesses further understand the impact that a potential security incident — such as a data breach or theft — could bring.

Rules

Seon

JUNE 1, 2023

According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m. Ultimately, high-security checks protect people’s money and data. While it appears that checks are here to stay, so are the security concerns that come with them.

Checks

Fintech Labs Insights

MARCH 29, 2016

It’s hard to imagine that the CFPB–who isn’t actually tasked with enforcing information safeguarding (Congress left that with the FTC)–would impose civil fines on a company for safeguarding representations, when the company in question didn’t have a data breach.

CFPB

Payments Source

JUNE 28, 2018

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

Breach

Payments Source

MARCH 2, 2018

The Consumer Financial Protection Bureau is among several agencies that "continue to investigate events related to" last year's Equifax brief, the credit reporting firm said in a securities filing.

CFPB

PYMNTS

JULY 15, 2019

Despite the news over the last year or more about its involvement in fake news, election tampering and user data breaches – and even before that about the bullying, live beheadings and murders broadcast and shared on its platform – people still show up at Facebook’s doorstep every single day. The Facebook Friday.

FTC