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Connecticut poised To become fifth state to enact privacy law

CFPB Monitor

Connecticut is the next in a growing list of states to pass comprehensive data privacy legislation. Last Friday, the Connecticut legislature passed, by large margins, Senate Bill 6 — which we are referring to as the Connecticut Data Privacy Act (CTDPA). Data Minimization and Security. Contractors and Sub-Contractors.

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Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

PYMNTS

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. In a press release detailing the security breach, the company said hackers potentially exploited a vulnerability in a U.S. Jeffrey Meuler, an analyst at Robert W.

Software 165
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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data.

Illinois 161
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

In Connecticut, for example, you cannot buy tickets with a credit card. The company can do that because — after working with regulators before entering a specific state — it buys lotto tickets and keeps original paper tickets in a secure location, “which it also pays to insure, in case anything goes wrong at its holding facility.

Ohio 103
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What Shiny New Life Insurance Startups Can Learn From My Mistakes

Tech and Finance

Having founded a financial services startup previously, I assumed that I would be able to buy a basic term life insurance policy completely online. Haven Life, the online life insurance agency I co-founded as a result of my own experience, turns one year old this month. Everything in life insurance is subject to regulation.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

But it seems Goldman has decided to at least start trying by introducing the world to Marcus — their new online lending platform “for the masses.” Connecticut-based HEI attributes the stolen data to malware placed in their system.

Data 100