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Retailers Want More From Data Breach Law

PYMNTS

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

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Digital Driver’s Licenses Are Put To The (Pilot) Test

PYMNTS

The plastic cards have become a fixture in American wallets from Maine to Hawaii, required not just when behind the wheel, but also at cigar shops, liquor stores, bars and nightclubs. We’ve always made sure to let people know that a digital driver’s license is not a replacement for your physical card, [but] a supplement,” Werner explained. “We

Wyoming 124
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Who Should Lead The Digital ID Push?

PYMNTS

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. There’s no question the world is moving in a digital direction.

Wyoming 136
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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

The FTC complaint alleges Equifax was aware of a security vulnerability in a database containing consumer inquiries about their personal credit data. million Social Security numbers, and 209,900 payment card numbers and expiration dates. Participating in third party audits of its security program every two years.

Data 99
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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

Another theory is that people’s exposure to their credit reports and FICO® Scores, like seeing their updated FICO® Score on their monthly credit card statements, may have increased awareness and resulted in more prudent management of their personal finances. State Level View. The average FICO® Score for the U.S. as of April 2019 is 706.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. A secure space is set aside to count it all, and there are two IRS employees inside the room at all times. Amex, China Cards : Amex became the first U.S.

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Amazon Sizzles, Apple Fizzles And A High Profile Merger Fizzle Before It Starts

PYMNTS

Specifically, the FTC threatened to take the issue to the courts and sue to stop the merger — first by filing that the commission will jointly appeal the Attorneys General in California and the District of Columbia, seeking a preliminary injunction to stop the deal. Fizzle: Biometric Data: Nothing’s sacred in security, it seems.

Apple 101