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Privacy Regulations, Developing Trust Leads To New Revenue Streams for FIs

PYMNTS

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. It’s paramount.

Privacy 93
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FTC Settles With Two Websites Over Lack Of Consumer Data Security

PYMNTS

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. Instead, the website failed to implement minimal data security measures, and stored personal information in clear text with no encryption.

FTC 53
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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). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. Comcast asks for the same, and adds an additional requirement asking customers for a selfie before it will turn over customer data.

CCPA 62
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PCI DSS Compliance in Healthcare

VISTA InfoSec

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. What is data security in healthcare? What is PCI DSS in the Healthcare Industry?

PCI DSS 130
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Data Security Needs National Standards, Panelists Tell House Subcommittee

PYMNTS

In the wake of breaches that have compromised the data of millions of Americans and companies as far-flung as Equifax and Uber, industry observers and participants told a House subcommittee on Wednesday that data security should be standardized at a national level. Rotenberg voiced that countries outside the U.S.

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TokenEx On PCI Scope Creep And Getting Into GDPR Gear

PYMNTS

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.

PCI DSS 71
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Enhancing Data Security: How Exact Payments Protects Onboarding Data

Exact Payments

The encrypted data is then written to our database. This means that data like social security numbers, driver’s license numbers, passport details, and bank information will never be stored in the clear and will always be encrypted and protected.