News Topic: Data security

Almost two years after the Equifax breach led to a congressional uproar but minimal policy change, the protracted fight to enact data security and privacy reform has a new bogeyman. ... Read full article

The technology has become controversial for its potential for bias. Notre Dame professor Kevin Bowyer explains what his studies of this issue have found. ... Read full article

The watchdog and three Democratic lawmakers urged the agencies to stop using knowledge-based verification methods to grant access to their online portals. ... Read full article

The top Democrat on the Banking Committee suggested the absence of data brokers at a hearing on privacy legislation was "cowardice." ... Read full article

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation. ... Read full article

The North American banking giant is making a gradual yet concerted effort to migrate applications to Microsoft’s cloud, but there are still sensitive operations and pieces of data that it’s holding back on for now. ... Read full article

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue. ... Read full article

The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing. ... Read full article

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests. ... Read full article

The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches. ... Read full article

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security. ... Read full article

Fixing the housing finance system is "the last piece of unaddressed business from the financial crisis," according to a summary of to-do items released by the Banking Committee's chairman. ... Read full article

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications. ... Read full article

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers. ... Read full article

Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention. ... Read full article

Efforts to build better connections to bank customer data, trade digital currency and explore artificial intelligence for security and compliance purposes were some of the biggest draws of fundraising for U.S. startups. ... Read full article

From anti-money-laundering reform to pot banking, there are deals to be had on financial services legislation. The question is whether anyone wants to make them. ... Read full article