PYMNTS

JUNE 6, 2016

Friday (June 3) saw the FTC issue an official comment to a request from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) in response to the latter agency’s call for interdepartmental conversation on the potential benefits and drawbacks of governmental guidance for the growing IoT space.

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FTC Federal Trade Commission Best Practices Consumer Protection 40

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

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PCI DSS Federal Trade Commission Legal FTC 62

PYMNTS

MARCH 25, 2016

But not only are government efforts underway to create and enforce IoT regulation, perhaps somewhat surprisingly, the premiere consumer protection enforcer, the Federal Trade Commission, wants privacy and security practices to be a good thing for both consumers and the IoT space itself. Data Ethics By Design”.

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FTC Federal Trade Commission Encryption Data Security 40

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.

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FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

MARCH 24, 2016

For this month’s cover story, PYMNTS caught up with Terrell McSweeny, the Commissioner of the Federal Trade Commission, following her Innovation Project roundtable last week, to talk about IoT and how the FTC’s mission — namely, to protect consumers — is extending into the space. . Here’s a sneak peek: .

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FTC Federal Trade Commission Consumer Data Security 41

PYMNTS

APRIL 24, 2019

The anticipated and one-time fine that Facebook will pay to the FTC stems from the agency’s investigation into Facebook’s privacy practices. Facebook allegedly said it would take certain measures to protect user privacy and their data Since then, Facebook has been accused of mishandling user data in the Cambridge Analytica scandal.

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Privacy FTC Federal Trade Commission Payments 43

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 40

Consumer Regulations Federal Trade Commission FTC 40

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. Guest post by Erica A.N. Kramer and Justin B. Hosie*. __.

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CFPB Data Security Security Data Breach 16

PYMNTS

JUNE 16, 2019

In addition, the outlet noted that the speech is the newest in a series where Cook has talked about his data security perspectives. Federal Trade Commission (FTC) to put in place a new framework to increase the transparency of companies that handle user data per reports in January.

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Federal Trade Commission Data Breach Privacy FTC 40

PYMNTS

JANUARY 17, 2020

Federal Trade Commission (FTC) processed 1.4 Others are rolling out blockchain technologies to provide users with even greater personal data security. Deceptive and unwanted credit and debit charges cost U.S. cardholders more than $14 billion annually, or $213 each, according to one study. trillion a year.

Scams 52

Scams Security Federal Trade Commission Push-to-Card 52

FICO

DECEMBER 5, 2022

Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million consumer fraud and 1.4

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52

PYMNTS

JUNE 24, 2019

Neither issue, according to Target, was related to data security, and all consumer data remained safe secure and private. The complaints come less than a year after Venmo parent firm PayPal had to settle with the FTC over privacy and security violations after it was accused of misleading users over its privacy settings.

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Venmo Bitcoin Privacy Request for Comment 40

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.

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Bitcoin Breach Data Breach FDIC 44

PYMNTS

APRIL 30, 2018

GDPR requires that all businesses take a risk-based approach to handling personal data. The greater the risk, the more rigorous requirements the data controller or processor must meet to keep the data secure, according to the regulations. Authentication as a Basic Security Measure.

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Rules Authentication Breach Compliance 47

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. First introduced in 2006, it's a popular standard used by merchants to protect cardholder data. Here's how.

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Credit Cards Mitigation Risk PCI DSS 52

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.

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Federal Trade Commission Data Breach Settlement Breach 81

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 65

Data Breach Breach FTC Data Security 65

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 63

Breach Security Data Breach Risk Management 63

PYMNTS

MARCH 20, 2018

Facebook , the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the main agency for enforcing privacy policies. election win, gained access to the personal data of 50 million Facebook users and used it to target consumers during the run-up to the election.

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FTC Federal Trade Commission Data Breach Privacy 46

Clearly Payments

FEBRUARY 8, 2024

Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments. These rules cover various aspects such as interchange fees, transaction routing, card acceptance requirements, and data security standards.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Problems may be solved in one area, but can cause unintended consequences elsewhere in the payments and data security arenas. That is what happens when politicians create rules,” Madhu said.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

AUGUST 19, 2019

Per the terms of the executive order, the Federal Trade Commission (FTC) will be asked to open a public complaint docket and to work with the FCC to investigate how these companies operate their platforms. In the UK, Too. You’d be forgiven for thinking the regulatory landscape was all SCA , all the way.

CFPB 51

CFPB Federal Trade Commission FTC Regulations 51

PYMNTS

JULY 13, 2018

The Justice Department and the Federal Trade Commission are also looking into how Facebook and other parties handled the breach, while the FTC is looking at whether Facebook violated a decree requiring it to get user consent for collecting personal data and sharing it with others.

Data Security 41

Data Security Federal Trade Commission Security FBI 41

PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. Data Security. The hearings came as tech companies are stepping up their data privacy efforts. lawmakers on Wednesday (Sept.

Privacy 41

Privacy Security Federal Trade Commission Data Security 41

PYMNTS

FEBRUARY 9, 2017

According to a report by American Banker , Rich joined the FTC in 1991 and has held multiple roles, including deputy director of the consumer protection bureau and associate director of the FTC’s financial practices division. What’s more, Rich said the work at the FTC won’t be impacted by the new government under President Trump. “A

Consumer Protection 40

Consumer Protection FTC Federal Trade Commission Consumer 40