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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

Security 195
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Uber Agrees To Pay $145M Fine To Settle Data Breach Lawsuit

PYMNTS

In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information. Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators.

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Retailers Want More From Data Breach Law

PYMNTS

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Retail 100
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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

The FTC complaint alleges Equifax was aware of a security vulnerability in a database containing consumer inquiries about their personal credit data. million Social Security numbers, and 209,900 payment card numbers and expiration dates. Participating in third party audits of its security program every two years.

Data 99
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242 Startup Failure Post-Mortems

CB Insights

We are confident that to truly have the long-term impact we want to make, we need to focus on finding an acquirer with an existing national fresh food supply chain who can carry forward the Juicero mission. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts.

Company 78
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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year.

Taxes 151
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Public Policy Predictions 2019: Regulatory Reforms Ahead

FICO

Court Appeals for the District of Columbia vacated key parts of the Federal Communications Commission (FCC) 2015 TCPA Order , which had created much confusion and sparked increased litigation. I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment.