Safeguard data on kids, reap customer retention rewards
Banks have to do a better job of protecting personal information about their customers' children. ... Read full article
News Topic: Social Security Administration
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Equifax breach still poses fraud risk at four government agencies: GAO
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
Banks need to stop relying on Social Security numbers
SSNs are used to verify identity across the financial services industry, but use of the numbers is outdated and leaves consumers vulnerable to data breaches. ... Read full article
Warren rebukes Comerica over fraud in benefits program
In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator. ... Read full article
Little-noticed reg relief measure would combat card fraud
The provision would make it harder for criminals who use real Social Security numbers to create fake personas and then apply for credit. ... Read full article