Data Security, FTC and Privacy

FTC Looking For Comments On Customer Privacy, Security Amendments

PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

FTC

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security

FTC Settles With Two Websites Over Lack Of Consumer Data Security

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

FTC Data Security Consumer Security

FTC Submits Progress Report To The Senate

PYMNTS

SEPTEMBER 27, 2016

The Federal Trade Commission wants changes to the FTC Act that would allow it to provide better protection to consumers and increase competition. The FTC provided written testimony by FTC Chairwoman Edith Ramirez and Commissioners Maureen K. But the commission wants the common carrier exception to the FTC Act to be repealed.

FTC

FTC Federal Trade Commission Consumer Protection Settlement

FTC Big Tech Probe Expands With New Inquiries

PYMNTS

FEBRUARY 11, 2020

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC is investigating Apple, Amazon, Facebook, Alphabet and Microsoft over antitrust implications, and it recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.

FTC

FTC Federal Trade Commission Consumer Protection Privacy

FTC: Fair Credit Reporting Act Still Top Priority

PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

FTC

FTC Law Enforcement Federal Trade Commission Procedures

Facebook Touts Payments and Privacy with Q1 Results

PYMNTS

APRIL 24, 2019

More consumers keep using Facebook even as the social network said on Wednesday (April 24) that it faces a fine of between $3 billion and $5 billion from the Federal Trade Commission over privacy. The anticipated and one-time fine that Facebook will pay to the FTC stems from the agency’s investigation into Facebook’s privacy practices.

Privacy

Privacy FTC Federal Trade Commission Payments

FTC On IoT: Attempting To Reign In The Wild West (of Things)

PYMNTS

MARCH 25, 2016

To put it in terms of things, things are rocky when it comes to security, privacy and the Internet of Things (IoT). The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order. Data Ethics By Design”.

FTC

FTC Federal Trade Commission Encryption Data Security

Consumer Watchdog Wants More Than Regulation For Facebook

PYMNTS

APRIL 12, 2018

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. Facebook has a longtime record of violating privacy, making a show of apologizing, and then going forward to invade privacy again,” said John M.

Consumer

Consumer Regulations Federal Trade Commission FTC

Apple’s Tim Cook Preaches Tech Firm Responsibility

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

Federal Trade Commission Data Breach Privacy FTC

Data Dive, Glitches, Bounces And Scrapes Edition: Target, Bitcoin And Venmo

PYMNTS

JUNE 24, 2019

Neither issue, according to Target, was related to data security, and all consumer data remained safe secure and private. The move comes a year after privacy researcher Hang Do Thi Duc downloaded 207 million Venmo transactions to prove a similar point. pay for things they wanted to buy in the store.

Venmo

Venmo Bitcoin Privacy Request for Comment

Data Dive Christmas Carol Edition: Bills, Bitcoin And Banks

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

Bitcoin Breach Data Breach FDIC

Deep Dive: GDRP And The EU’s New Rules Of Data Handling

PYMNTS

APRIL 30, 2018

Among the most significant reforms was the General Data Protection Regulation (GDPR), an EU-wide mandate to strengthen the protection measures impacting EU citizens’ personal data and privacy. GDPR requires that all businesses take a risk-based approach to handling personal data. The Need for Greater GDPR Compliance.

Rules

Rules Authentication Breach Compliance

Equifax reaches deal with 8 states on steps to avoid future breaches

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

Breach Security Data Breach Risk Management

FTC Wades Into Facebook’s Latest Data Scandal

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.

FTC

FTC Federal Trade Commission Data Breach Privacy

An Overview of Payment Regulation In The USA

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.

Regulations

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

Securing Consumer Data Beyond The SSN

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. Webster asked about customer data privacy as it stands in Europe, and how regulations like General Data Protection Regulation might impact the United States. So, what does the future hold?

Security

Security Consumer Office of the Comptroller of the Currency Identity Theft

Digital Privacy, Security Issues Take Spotlight At Congressional Hearings

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. Though the focus Wednesday was on Congress, other sectors of federal government are getting more involved in digital privacy issues. Data Security.

Privacy

Privacy Security Federal Trade Commission Data Security

FTC’s Head Of The Consumer Protection Bureau Jessica Rich Steps Down

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

Consumer Protection FTC Federal Trade Commission Consumer

Payments Space

FTC Looking For Comments On Customer Privacy, Security Amendments

FTC Settles With Two Websites Over Lack Of Consumer Data Security

Trending Sources

FTC Submits Progress Report To The Senate

FTC Big Tech Probe Expands With New Inquiries

FTC: Fair Credit Reporting Act Still Top Priority

Facebook Touts Payments and Privacy with Q1 Results

FTC On IoT: Attempting To Reign In The Wild West (of Things)

Consumer Watchdog Wants More Than Regulation For Facebook

Apple’s Tim Cook Preaches Tech Firm Responsibility

Data Dive, Glitches, Bounces And Scrapes Edition: Target, Bitcoin And Venmo

Data Dive Christmas Carol Edition: Bills, Bitcoin And Banks

Deep Dive: GDRP And The EU’s New Rules Of Data Handling

Equifax reaches deal with 8 states on steps to avoid future breaches

FTC Wades Into Facebook’s Latest Data Scandal

An Overview of Payment Regulation In The USA

Securing Consumer Data Beyond The SSN

Digital Privacy, Security Issues Take Spotlight At Congressional Hearings

FTC’s Head Of The Consumer Protection Bureau Jessica Rich Steps Down

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