Data breaches

Data breach bill is really a fight about federal preemption

09/19/18

State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers.

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Two lawmakers urge CFPB, FTC to keep pressure on Equifax

09/07/18

Sen. Elizabeth Warren and Rep. Elijah Cummings have called for an update on probes into the credit reporting giant a year after its massive data breach came to the light.

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D.C. was up in arms over Equifax breach — what happened?

09/05/18

Following news of the breach, congressional hearings for the company’s ex-CEO and other blowback were accompanied by legislative calls to action. But a year later, did policymakers do anything?

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How big a data security problem is the Fiserv glitch?

08/31/18

The company built a patch within 24 hours of being alerted to a vulnerability in messaging software used by many banks. Fiserv is looking into how this happened while addressing speculation about whether consumer data is still threatened.

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6 takeaways from Treasury fintech report: National charter, breaches and more

07/31/18

The Trump administration is making more than 80 recommendations to encourage financial innovation within a regulated space, including endorsing the creation of a federal fintech charter.

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Equifax hit with consent order; Fed to release 2d round of stress tests

06/28/18

Eight states want the credit bureau to show what it’s doing to improve data security; Goldman, Morgan Stanley and Wells Fargo will be the focus of this set.

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Equifax reaches deal with 8 states on steps to avoid future breaches

06/27/18

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

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Your bank's been hacked. How soon should investors be told?

06/07/18

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.

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Fraudsters may have taken data at CIBC's online bank Simplii and BMO

05/29/18

Canadian Imperial Bank of Commerce and Bank of Montreal are alerting clients that "fraudsters" claimed to have accessed personal and financial information of some customers.

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Banks strain to satisfy competing AML, data protection rules

05/18/18

Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.

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