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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Today In Data: Equifax’s Data Breach

PYMNTS

Last week , Equifax disclosed a data breach that could impact 143 million consumers. To make matters worse, news reports from September 12 revealed that three Equifax execs had unloaded stocks before releasing data on the hack. Here are the numbers: 143,000,000 | Consumers potentially impacted by the Equifax data breach. Today In Data data breach Equifax fraud News Security Today in Data

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Data Breaches Are Stressing Americans, Canadians Out

PYMNTS

Kaspersky Lab , the cybersecurity company, revealed in a new survey on Tuesday (May 1) that 81 percent of Americans and 72 percent of Canadians are stressed out about the recent rash of data breaches. With massive data breaches and cyberattacks making headlines nearly every week, consumers are becoming increasingly aware of the cybersecurity risks out there,” said Brian Anderson, VP of Consumer Sales, Kaspersky Lab, North America, in a press release.

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Deep Dive: GDRP And The EU’s New Rules Of Data Handling

PYMNTS

lawmakers about how his company can better protect its users’ data following the Cambridge Analytica breach. billion worldwide users — including legislation that would require it to obtain opt-in consent from users to use, share or sell any personal data.

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Insurers Test Blockchain To Manage Provider Data

PYMNTS

insurance landscape said they’re launching a pilot program that will help boost the management of healthcare provider data. Under the terms of the pilot, blockchain will be used with the hopes of improving data quality while reducing administrative costs focused on healthcare provider demographic data. billion across the continuum of care maintaining that data. The blockchain is making inroads into healthcare.

Travel, Capital And Revenue — Today In PYMNTS Data

PYMNTS

They’re helping on-the-go domestic travelers get the food they crave, city dwellers more efficiently park their cars , companies address top technology concerns and business-to-business (B2B) startups secure funding to help them target enterprise data — and the changes are far from over.

SIFMA Issues Framework For Data Sharing Between Banks And Apps

PYMNTS

The Securities Industry and Financial Markets Association (SIFMA), the trade group for the financial industry, released a framework on Thursday (April 12) to protect the data of consumers when they give third parties the right to access that information. Reuters , citing SIFMA, reported the trade group said that while these third parties, often FinTechs , help consumers make decisions on investments, they also expose consumers to personal data security risks.

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FLEETCOR Reveals Gift Card Data Breach

PYMNTS

FLEETCOR Technologies , a provider of commercial payment services, reported a data breach as the company announced on Thursday (May 3) a 17 percent year-over-year revenue increase for the first quarter of 2018, beating analyst expectations. The affected data does not include personally identifiable information such as consumer names, Social Security numbers, driver’s license numbers and other sensitive personal data,” FLEETCOR said.

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Tidal Looks Into ‘Potential Data Breach’

PYMNTS

After learning of a potential data breach, Tidal ’s CEO Richard Sanders said that the company “immediately” tried to find the source of the issue, and alerted the authorities. We have engaged an independent, third-party cyber-security firm to conduct a review of what happened and help us further protect the security and integrity of our data,” Sanders said in a statement. “We

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NIS America Hit By Data Breach

PYMNTS

Nippon Ichi Software announced news that its American division, NIS America, was the victim of a major data breach that exposed the personal and financial data of online customers. Data for past orders is stored securely and will only show the last four digits of a credit card and will not show the CVV security code or expiration date,” the company stated.

Data Science vs. Data Analytics – Why Does It Matter?

Dataconomy

Data Science, Data Analytics, Data Everywhere Jargon can be downright intimidating and seemingly impenetrable to the uninformed. The post Data Science vs. Data Analytics – Why Does It Matter?

Facebook Data Scandal Tanks Stock Market

PYMNTS

According to news from Reuters , Wall Street analysts blamed Facebook and the revelation that Cambridge Analytica, the political consulting firm that worked on President Donald Trump’s 2016 campaign, accessed the data of 50 million people and used it to target them during the run-up to the election. Tech companies all use data one way or [another] as part of their businesses. Facebook consumer data data privacy data protection News social media stock market Technology What's Hot

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GDPR’s Data Breach Notification Requirements Tripping Up Businesses

PYMNTS

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Corporations are bracing for major changes to their operations, and many will miss the May 25 deadline as they struggle to overcome challenges related to key components of the new rules, including data breach notification. businesses is the data breach notification requirement. “In

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New Yahoo Data Breach

PYMNTS

14) that a new cybersecurity breach incident has affected over a billion of its users and their private data. Reportedly, an unauthorized third party stole data associated with the more than 1 billion Yahoo user accounts back in 2013. This billion-user figure means this newest hack is the largest data breach in the digital era. Additionally, Lord wrote that the company hasn’t been able to determine how the data from the 1 billion accounts was stolen.

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The Data Behind B2B Payments’ API Excitement

PYMNTS

that have encouraged data sharing between banks and FinTechs to regulations in the U.K. That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a transaction. Below, PYMNTS highlights some of the Tracker’s key data points to paint a picture of how APIs are guiding B2B payments evolution.

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First Data: One Year After The IPO

PYMNTS

Last Saturday — October 15, 2016 — was the one-year anniversary of the First Data IPO. Now, admittedly, calling 2016 a “first year” for First Data is something of a stretch. First Data was first incorporated in 1971, so it is actually 45 years young. And it wasn’t even technically First Data’s first year as a publicly traded company either. ” Because, at quick glance, First Data is a very different company than it was just one year ago.

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Four opportunities for CFOs and big data

Accenture

The big data era is upon us. Financial enterprises are swimming in zettabytes—a billion terabytes—of data. For financial services firms, big data can offer a path to. Managing Risk Featured CFO big data big data to manage risk gary fink big data

Equifax Gives Congress More Breach Data Information

PYMNTS

Equifax , the embattled credit scoring company that was the subject of a massive data breach last fall, provided several congressional committees in the Senate and House with more information on the data compromised in the breach. In a press release , Equifax said the additional details do not identify additional stolen data or new customers that were impacted, nor do they require more consumer notifications. consumers were impacted by each data element stolen.

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Today In Data: The Future Of Data Security  

PYMNTS

The Equifax data breach — impacting sensitive and valuable information ranging from Social Security numbers to birth dates and home addresses — affected more than 150 million people and counting, and it’s become clear that the “one-size-fits-all” approach is no longer effective. After all, companies must still look at what data is flowing into and out of their firms. They must still endeavor to keep consumer and cardholder data (and their own corporate data) safe.

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Mobile App TeenSafe Leaks Parent And Child Data

PYMNTS

TeenSafe assures parents that the app “employs industry-leading SSL and vormetric data encryption to secure your child’s data. Your child’s data is encrypted — and remains encrypted — until delivered to you, the parent.”. Since the app requires that two-factor authentication is turned off, a cybercriminal only needs to use the credentials to break into the child’s account and obtain their personal content data, such as photos, messages and locations.

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FTC Wades Into Facebook’s Latest Data Scandal

PYMNTS

Facebook , the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the main agency for enforcing privacy policies. According to news from Bloomberg , citing a person familiar with the matter, the FTC is gearing up to send a letter to the company as it evaluates whether Facebook violated a 2011 consent decree in which it agreed to inform users if their data was being used without their knowledge or consent.

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First Data Acquires BluePay Holdings

PYMNTS

First Data , a global leader in commerce-enabling technology and solutions, announced news that it has acquired BluePay Holdings. and Canada, BluePay was one of First Data’s largest distribution partners with a strong focus on software-enabled payments and card-not-present transactions. BluePay offers software integration solutions that complement those offered through First Data’s CardConnect business.

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Big Data For Business Takes A Page Out Of Google Search’s Book

PYMNTS

Google revolutionized the way we access data. Ajeet Singh, CEO and co-founder of data analytics firm ThoughtSpot , says that can be what it feels like for a company that has implemented sophisticated data and business intelligence technology — usability can be a massive hurdle to overcome, severely limiting that technology’s effectiveness. Today’s enterprises need to ensure a culture of data literacy throughout the organization,” said Singh. “In

PYMNTS Daily Data Dive: US Data Breaches

PYMNTS

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. For the eighth year in a row, hacking, skimming, and phishing were the main drivers of data breaches, representing 55.5 In the first six months of 2016, data breaches rose 15 percent, and the number of compromised data records jumped 31 percent compared to the previous six months. 1,093 | Data breaches tracked by ITRC and CyberScout.

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As GDPR Looms, DPAs Prepare To Uphold Lawful Data Handling

PYMNTS

The European Union’s General Data Protection Regulation (GDPR) goes into effect on May 25, officially changing the way EU businesses handle consumer data. According to Ultan O’Carroll, assistant commissioner and technology advisor of Ireland’s Data Protection Commissioner (DPC), these companies could still fall under scrutiny by data protection authorities (DPAs), the regional agencies charged with reviewing GDPR compliance. What Is Personal Data, Anyway?

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Facebook Tables Health Data Research Project

PYMNTS

After the Cambridge Analytica data scandal raised privacy concerns, Facebook reportedly tabled a proposal to work with multiple U.S. The social media platform reportedly wanted hospitals to share anonymized patient data that it would match with its own data in an effort to identify patients that might need special care, CNBC reported. Facebook Cambridge Analytica data privacy Hospitals News Patient Data user data What's Hot

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Apple’s China Data Conundrum

PYMNTS

Where there are servers, data resides. And where there’s data, value exists too — value that may prove alluring to individuals, companies, even governments. By shifting some of its iCloud operations to the Chinese mainland, Apple ’s latest corporate actions have raised eyebrows and debate around data privacy. The firm in China, Guizhou-Cloud Big Data Industry Co., Apple china Cybersecurity data privacy data security Guizhou-Cloud Big Data Industry Co.

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Today In Data: #KilltheCheck

PYMNTS

2,243 | Number of data points in the PYMNTS-Ingo Money Disbursement Satisfaction Index™. Today In Data disbursements Ingo Money Mobile Payments News paper checks Payment Methods Today in DataThough paper checks are clunky, unpopular and outdated, they still dominate the American economy in terms of payment methods, with more than $22 trillion in checks written each year. That’s bad news for consumers, though, who have made it clear they feel it’s time to #KilltheCheck.

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South Africans The Subject Of Another Data Leak

PYMNTS

According to news from The Next Web , the data that was leaked includes national identity numbers, email addresses, full names and text passwords for traffic fines. Working with Australian security consultant Troy Hunt and the team at iAfrikan, TheNextWeb established that the data was posted publicly by a company responsible for traffic fines for South Africa’s online payments.

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Applebee’s Hit With POS Data Breach

PYMNTS

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. When the POS vendor found malware on the POS software at some Cicis restaurants, we immediately began a restaurant-by-restaurant data security review and remediation,” Cicis Pizza explained. “We

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Mastercard Files Patent To Use Blockchain To Protect Identity Data

PYMNTS

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. As CoinDesk explains, the system would create a “data file” for each entity that is associated with a public key and a “geographic jurisdiction.”

Cybersecurity Conference App Exposed Attendee Data

PYMNTS

Security & Fraud Cybersecurity data protection mobile apps News RSA Conference What's HotIn an ironic twist of events, an engineer was able to access attendee information stored in a cybersecurity conference’s mobile app. A Twitter user that goes by the handle svbl said that a vulnerability in the RSA Conference Mobile App was caused by a third-party site, Mashable reported. “[It]

Big Data for Humans: The Importance of Data Visualization

Dataconomy

It is a simple way of saying that machine learning is only as good as the data, algorithms, and human experience that goes into them. The post Big Data for Humans: The Importance of Data Visualization appeared first on Dataconomy.

Trulioo GM: The Challenges Of GDPR’s Disappearing Data Act

PYMNTS

Tomorrow marks a sea change in payments and commerce, and in data in general. you – knows by now, the General Data Protection Regulation (GDPR) goes into effect on May 25. The regulation, which traces its gestation to Europe, ushers in what might be seen as a new mindset – here, or to come – as companies deal with consumers’ data. He noted that part of the data battle may be waged through already familiar KYC and AML processes.

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Wells Fargo Accused Of Manipulating Business Banking Data

PYMNTS

Wells Fargo on Thursday (May 17) was facing accusations that its employees altered customer data, this time in a business banking unit, according to The Wall Street Journal. There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. No customers were negatively impacted, no data left the company, and no products or services were sold as a result.”. It’s happened again.

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Data Enabler Zooz Leverages Data To Drive Revenue

PYMNTS

But to learn from the data, first they need to see it. Zooz gives them a window into the data so that merchants can apply the facts to improve business results. Payments generate considerable amounts of data about the customer journey and transaction results, but merchants generally lack the tools to access and analyze this data,” said Zooz CEO Oren Levy. “We’re Zooz also offers secure data storage and protection for consumer information.

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Former SunTrust Employee Tried To Steal Data On 1.5M Clients

PYMNTS

As of last week, SunTrust does not believe the stolen data has left the bank, although the matter is still under investigation. Rogers pointed out that the incident was not a data breach, although the employee was not authorized to access that level of information. Fraud Attack data breach data privacy data security earnings Experian FICO fraud News PII SUNTRUST BANK What's Hot

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Thieves Targeting Medical Device Data

PYMNTS

According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data compromised. More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls. Health care companies are indeed concerned, but some may feel paralyzed as to what to do about it, including how to encrypt data.

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Access Group Education Leaks Data On Student Loan Borrowers

PYMNTS

Access Group Education Lending, the student loan servicing company, has been the subject of a data breach. Fox Business , citing a letter sent to those impacted, reported that 16,500 borrowers were recently alerted to the fact that files containing their personal data were improperly given to an unnamed business. The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files.

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NEW DATA: The Commerce Channel 58 Percent of Consumers Now Use – And Like

PYMNTS

According to PYMNTS data, 58 percent of consumers reported engaging in contextual commerce. Merchant Innovation Braintree contextual commerce ecommerce Index Series Latest Industry Data Main Feature News Retail What's happening now

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