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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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More Security In Wake Of Mall Brawls

PYMNTS

A string of major disturbances at malls nationwide on the day after Christmas has led police to increase patrols and malls to ramp up security guard presence — in case consumers needed another reason to avoid physical stores. Some states, including Connecticut and Tennessee, reported multiple incidences. ‘Tis the season to riot.

Security 100
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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. Embarking On A Digital Transformation. Headquarters Federal Credit Union, created to serve its employees. Prioritizing Upgrades.

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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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Italian Bank UniCredit To Investigate Capital One Data Hack

PYMNTS

Software engineer Paige Thompson, 33, allegedly boasted online about the hack and left crumbs for investigators to follow, The New York Times reported. Online, she used the name “erratic.”. “UniCredit has contacted the relevant authorities and is actively investigating the matter.”. Reuters reported.

Capital 115
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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

The number of complaints reported in 2015 were the highest since before the 2009 recession, and ValuePenguin estimated that recent advancements in credit card security will do little to combat this. Nevada and Connecticut also saw high figures for credit card fraud reports. Across the U.S., per 10,000 residents.

Fraud 100
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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