Data Breach Leaks 198M Car Buyers’ Personal Data

PYMNTS

A massive data breach has compromised the records of 198 million car buyers. Fowler said that it was “unclear if DealerLeads has notified individuals, dealerships or authorities about the data incident,” and as a result “potential customers may not know if their data was exposed.”.

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AI, machine learning, data and Nordic banks

Chris Skinner

The meeting focused upon data: data usage, data analytics, data leverage and data privacy. It was an interesting meet-up … The post AI, machine learning, data and Nordic banks appeared first on Chris Skinner's blog.

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Unencrypted Vistaprint Database Exposed Personal Customer Data

PYMNTS

At this time, we do not know whether this data has been accessed beyond the security researcher who found it.”. Other information included order numbers and postal tracking data. Security & Fraud customer data Data Breach database encryption News Security Vistaprint What's Hot

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Overcoming The Pre-Accounting Hurdle Of Data

PYMNTS

However, other players have warned that, despite the promises of technology, accountants have yet to elevate their positions into a more strategic collaboration with SMBs — manual data entry remains one of the largest burdens, for instance. Data Integration Opportunities.

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Finastra to help clients improve customer data management

Bank Innovation

Banking technology company Finastra is enhancing the rollout of its customer data strategy as clients face new competition. As part of this effort, the London-based company hired Lisa Fiondella as its first-ever chief data officer in November.

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Mastercard, Rockefeller Foundation Launch Online Data Platform For Non-Profits

PYMNTS

The site will be a dynamic platform for data science partnerships committed to improve the field’s social impact. Mastercard data Data Science data.org MasterCard News non-profit Rockefeller Foundation What's Hot

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UK Regulators’ Data Violations Fines Top $126.5M 

PYMNTS

have levied €114 million ($126 million) in fines for data violations since instituting new stronger privacy mandates in mid-2018, The Financial Times reported on Sunday (Jan. Conversely, the Netherlands, Britain and Germany had the most notifications regarding data breaches.

Can Banks Safely Monetize Consumer Data?

PYMNTS

It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. However, as is the case with any powerful, profitable substance (whether tangible or not), data can be dangerous if not used appropriately. The Three Types Of Data.

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Utility Data’s New Identity

PYMNTS

There are plenty of high-tech ways to verify a customer’s identity — fingerprints, voiceprints, faceprints, phone data. Traditional utility data has been a source of, and a good way to verify, identification,” Malik explained. “It’s Urjanet is a platform meant to bridge that digital divide for consumer utility data by collecting and aggregating it into a secure, digitally shareable form, and turning it loose as a tool for businesses to apply to a variety of consumer interactions.

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Open Banking Overcomes The Data Obstacle Of Paper

PYMNTS

it’s not entirely clear how deeply the data sharing strategy will proliferate. It’s a delicate balance; in some ways, FinTech firms and banks are competing, but many FinTech firms rely on bank account data to provide the level of service that end users have come to expect.

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T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk

PYMNTS

A recent data breach exposed the personal data of more than 1 million prepaid T-Mobile customers, reports said on Friday (Nov. The information exposed did not include any financial information, social security numbers or password data. Data about rates and features are considered customer proprietary network information (CPNI). In a disclosure to affected customers, T-mobile said there was a data breach affecting prepaid data customers. .

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For Credit Unions, Data As Competitive Advantage

PYMNTS

Data, data everywhere. For credit unions, data may be the conduit to competing with banks. The best way to get to that personalization – for example, for credit unions to get credit cards to the right consumers with the right rewards offers – is through data analytics.

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New IBM Platform Allows Data Privacy Control

PYMNTS

IBM has unveiled the latest addition to its Z mainframe portfolio, a new platform called the z15 designed with data privacy, security and hybrid multi-cloud use in mind, the company said in a release on Thursday (Sept. Innovation data management IBM News privacy Security What's Hot

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It’s all about the data

Chris Skinner

I’m guessing most of you will have … The post It’s all about the data appeared first on Chris Skinner's blog. As those who read my blog will know by now I chair a very active group called Nordic Finance Innovation (NFI), based out of Oslo.

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Behind Mastercard’s approach to data security and privacy

Bank Innovation

Mastercard has unveiled a series of principles that underline its approach to data security and privacy. In a report about global data responsibility, the payments company outlined six guiding principles that companies can abide by when protecting their customers’ data.

Do users care about their data?

Chris Skinner

A further discussion about data and the key issue of who should have access. The advantage of … The post Do users care about their data?

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Nordstrom Breach Exposes Data On 76K Employees

PYMNTS

Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. The company spokesperson said customer data was not affected in the breach.

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The future of banking is about data-driven experiences and not products: HSBC

Bank Innovation

Instead, it will offer embedded “experiences” based on data the institution has on its customers, according to a report released by HSBC this month. The bank of the future will cease to be about specific products and services.

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Mastercard Institutes Criteria For Data Privacy

PYMNTS

Mastercard is introducing a Data Responsibility Imperative to spark a conversation with other companies about data security, Mastercard said in a press release on Oct. The initiative depends on coming up with fundamentals to direct how data is used.

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Who owns the customers’ data?

Chris Skinner

Following on from the discussions about identity on Monday, it gets interesting to think about the customers’ data and who owns it, especially in light of the Payment Services Directive 2, PSD2 for short, which comes into force at the start of next year.

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Today In Data: Digital Banking Cybersecurity

PYMNTS

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. Data: $248.26

Fintech task force deliberates pros and cons of ‘big data’

Bank Innovation

quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation. More than 2.5

Will Consumers Want To Monetize Their Own Data?

PYMNTS

If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. Data Managed. You just need a good set of good data.”

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Today In Data: New Year, New Efficiencies

PYMNTS

Data: $26 billion: Projected 2018 revenue of the global mPOS market. Today In Data brick and mortar checkout Commerce commerce data faster payments mobile pos MPOS New Year News payments payments data Retail retail data Today in Data

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Facebook Data Breach Fines Could Top $1B

PYMNTS

According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.

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Lion Air Probes Data Breach

PYMNTS

Following incidents at other airlines, Indonesian carrier PT Lion Mentari Airlines, known as Lion Air, is looking into a breach that reportedly led to passenger data on its Thai and Malaysian units to be leaked on the web. its data service provider, to probe the data breach. “We

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Stardog On Data Management’s ‘Useful Fictions’

PYMNTS

Data across any organization tends to be siloed and far-flung, spanning departments within a firm, continents and supply chains. Monetizing data is a challenge, of course, because collecting and visualizing it presents challenges in and of themselves. Data’s Like The Weather.

The Fiserv-First Data Merger Is Complete

PYMNTS

The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction.

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Spinning Raw Data Into Synthetic (Revenue) Gold For FIs

PYMNTS

Data is everywhere, there for the taking, turning insight into top-line growth. For financial institutions (FIs) and other FinTech companies, monetizing that data effectively and, above all, safely can be a tightrope walk — balancing risk and reward. The Process And Types Of Data.

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Decentralisation demands data safes

Chris Skinner

In fact, in HBO’s excellent series Silicon Valley, the guys at Pied Piper recently did a pivot to try to create exactly … The post Decentralisation demands data safes appeared first on Chris Skinner's blog.

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European Regulators Expand Scrutiny On Data Practices – And Bots

PYMNTS

It’s a new year, and in Europe, an expansion of scrutiny and laws governing data sharing. The dawn of 2020 brought a spate of new rules governing data collection and use.

Data-R-Us: The Purchase And Sale Of Data

PYMNTS

Where do analysts get their data? It’s not like they can just stroll up to a retailer like Data-R-Us and buy it … can they? It’s called a data marketplace , and it’s not just for analysts. What Is a Data Marketplace? Like any other online marketplace, a data market is a virtual destination where goods and services are bought and sold. Organizations are hungry for data these days. Everybody Loves Data. Know what produces a lot of data?

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Home Improvement Startup Houzz Suffers Data Breach

PYMNTS

Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”.

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Mastercard On Repairing The Data Trust Deficit — With Decency 

PYMNTS

Can data be harvested … with decency? Across the pond, the General Data Protection Regulation ( GDPR ) took effect in May of 2018. 24) that it has launched its Data Responsibility Imperative (DRI), which details a framework of “six data responsibilities.”

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Monetizing Payments Data In The Age Of IoT

PYMNTS

It’s been said that the holy grail of commerce is data. Even that holy grail has a holy grail — where data is accessible and usable in real time. However, tapping into data, and monetizing it up and down the value chain, has a few steps.

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Today In Data: Payment Protocols In The Age Of PSD2

PYMNTS

The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. All this, Today In Data. Data: $3,500: The average operational cost for a bank to originate an SMB loan.

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The Future Of Compliance: Using Data Better

PYMNTS

But the bigger change that is coming, Meier said, will likely affect the data sources FinTechs are using to train their scanning algorithms. In the pre-digital age of financial services, AML/KYC was a very slow process.

BlueTalon Data Privacy Firm Acquired By Microsoft

PYMNTS

Microsoft has acquired a data privacy and governance service called BlueTalon, according to a report by TechCrunch. BlueTalon helps companies determine and set up policies for data access by employees.

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Today In Data: Striking A Balance Between Convenience And Security

PYMNTS

Data. $22 Today In Data Commerce commerce data Consumer Experience cyberattacks Cybercrimes data privacy digital identity friction funding loyalty mobile app Mobile Payments News payments payments data payments security Retail retail data Today in Data

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Startups Try To Capitalize On New CA Data Privacy Law

PYMNTS

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices.

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Kabbage Acquires SMB Data Analytics Firm Radius

PYMNTS

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. That data analysis aims to provide actionable insights into small businesses’ cash flow.

Twitter Data Breach Prompts GDPR Investigation

PYMNTS

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” the Commission said on its website.

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Healthcare.gov Hack Exposes Consumer Data

PYMNTS

The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. CMS said that it believes about 75,000 individuals’ files were accessed via the data breach.

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