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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SMBs Severely Underestimate Data Breach Costs

PYMNTS

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

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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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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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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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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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Three Trends in Data Science Jobs You Should Know

Dataconomy

If you are a Data Scientist wondering what companies could have the most career opportunities or an employer looking to hire the best data science talent but aren’t sure what titles to use in your job listings — a recent report using Diffbot’s Knowledge Graph could hold some answers for.

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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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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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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.

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 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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A Data Scientist’s relationship with building Predictive Models

Dataconomy

If you’re a Data Scientist, you’ve likely spent months earnestly developing and then deploying a single predictive model. A quarter of a Data Scientist’s working life often goes something like this: You met with.

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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: 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

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.

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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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.

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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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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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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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.

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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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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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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Poshmark Experiences Non-Financial Data Breach

PYMNTS

In a recently reported data breach, Poshmark said it recently learned that an unauthorized third party acquired data from some users. The fashion marketplace company said the information does not include physical addresses or financial data, according to a web post.

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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: 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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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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Equifax Nears $700M Settlement For Data Breach

PYMNTS

The 2017 Equifax data hack affecting more than 143 million people worldwide will cost the company about $700 million. . The credit reporting company is close to a deal to settle data breach probes, The Wall Street Journal reported July 19, citing people familiar with the matter. .

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How Is Data Affecting Your Dating Life?

Dataconomy

How is your personal data impacting your decision to go on a date? The post How Is Data Affecting Your Dating Life? What algorithms do dating apps use to find your next match? How is AI affecting your dating life? Find out below.

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Equifax In Data Pact With FinTech Sandbox

PYMNTS

The companies said in a release that the collaboration is tied to data sharing, where Equifax will offer commercial and consumer data that will help its new partner FinTech Sandbox to develop new products.

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Thinking Differently On Digital Payments And Data

PYMNTS

Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that might also help prevent fraud? Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window.

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Kubernetes Meets Big Data

Dataconomy

Organizations yearn order and simplicity over chaos and confusion, but the data-driven era we live in challenges these desires on a daily basis. Seemingly every day, massive amounts of transactional and streaming data is being introduced into enterprises.

Distributed Data Caching Using Big Data

Dataconomy

The advent of the emerging sector of Big Data has brought with it the promise of highly scalable databases to handle terabytes of data at a time. The post Distributed Data Caching Using Big Data appeared first on Dataconomy. Big Data Contributors Featured

Can Regulating Wearables Protect Data Privacy?

PYMNTS

However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors. How Bonbouton’s Connected Insoles Track Health, While Keeping Data Secure.

Beware of data “science projects” turned fraud prevention solutions

Insights on Business

Therefore, machine-learning pattern recognition solutions that can effectively monitor and analyze very large amounts of data in real-time are needed to detect unexpected commonalities between fraudulent and non-fraudulent transactions.

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Today In Data: Ending 2018, Predicting 2019

PYMNTS

Data: $3 billion: The amount Tencent has invested in 40 U.S. Today In Data 2018 Commerce commerce data ecommerce mobile apps New Year's News payments payments data predictions Retail retail data Today in Data

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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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The Cloud Surrounding Banks’ Data Security (In The Cloud, Too)

PYMNTS

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. At least some data tied to subscribers may have been “captured.”. No rest for banks amid the hackers.

3 Fintech Data Analytics Startups to Watch

Bank Innovation

Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged.

Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws

PYMNTS

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. The researchers said they had not stored any of the data or profited from it.

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