August 11, 2022
FTC Looks To Crack Down On Lax Data Security
The Federal Trade Commission today announced it is exploring rules to crack down on harmful commercial surveillance and lax data security. Commercial surveillance is the business of collecting, analyzing, and...
August 11, 2022
Digital Banks Lack ‘Home Field’ Advantage Needed to Overcome Consumer...
Consumers have become increasingly reliant on digital banking channels since 2020, forcing financial institutions (FIs) to prioritize secure and convenient digital customer experiences. At the same time, even as consumers...
August 08, 2022
FinTechs Stare Down Fleet Management’s Frictions
For a business that preaches the need for speed, the trucking business seems to run into processes with the potential to keep trucks idling at every turn. Handling expenses for...
August 08, 2022
Digital Authentication Firm Twilio Says Hackers Accessed Customer Data
Digital authentication company Twilio said some employees and customers were victims of a hack, a Bloomberg report said Monday (Aug. 8). The hackers tricked employees into giving up their passwords....
August 08, 2022
US Fines Virtual Currency Mixer Tornado Cash
The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A...
August 07, 2022
Report: Experian Faces Class-Action Lawsuit Over Security Concerns
Consumer credit bureau Experian is facing a class-action lawsuit over allegations that it didn’t do enough to prevent identity thieves from sabotaging peoples’ accounts. KrebsOnSecurity reported Friday (Aug. 5) that...
August 03, 2022
K&L Gates Adds Antitrust & Trade Regulation Partner
Global law firm K&L Gates welcomes Guillermo Christensen as a partner in the antitrust, competition, and trade regulation practice. He joins K&L Gates from Ice Miller, where he served as office managing partner in Washington,...
August 02, 2022
China Fines $1.2 Billion For Violating Data Security Laws
China’s cybersecurity regulator fined Didi Global Inc. $1.2 billion on July 21 for violating cybersecurity and data laws, drawing to a close a year-long probe into the ride-hailing giant. The...
July 29, 2022
Behavioral Analytics Helps FinTechs Separate the Fraudsters From the Friendlies
Digital fraud continues to plague businesses of all sizes, and consumers are paying the price. A recent survey found that the average American has experienced at least seven data breaches since...
Cryptocurrency exchanges are grappling with the EU’s PSD2 as they look to craft seamless experiences for their global customer bases. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, Marcus Hughes, of crypto exchange Coinbase, explains how platforms must build authentication measures that satisfy consumers and evolving regulations.