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Privacy & Data Protection

Finance industry must work together to ensure GDPR privacy notice changes are effective

As companies prepare for new general data protection regulation (GDPR), Steve Martin, Data Protection Officer at Equifax highlights the importance of a consistent approach to making privacy notices understandable and accessible: “Data sharing and analysis can bring huge benefits to consumers, but raises concerns about how personal information is used, and who can access it. The new general data protection ... Read More »

BIIA Chairman David Worlock writes about “The Brexit Upside”

David Worlock is Chairman of BIIA and thus we follow closely his blogs.  With Brexit underway we found his recent discussion concerning Copy Right and Data Protection and Privacy in a post Brexit regulatory scenario highly relevant.  Here is what David Worlock wrote: “With friends and colleagues in the industry I have been looking at formulating a debate to be ... Read More »

BIIA at the Inter-American Development Bank (IDB) Washington Conference

BIIA attended a recent meeting organized by the IDB – Inter-American Development Bank on “Credit Reporting in the Americas: The current state of the industry and its regulations”.   At the IDB conference Neil Munroe, president of ACCIS and BIIA’s deputy managing director, provided an overview of the EU’s regulatory approaches to innovation.  Neil Munroe covered the following topics: EU policy ... Read More »

Australian Privacy Actions: ABR Gazette Change, February 2017

The ABR Gazette is a subscription-only commercial information service, collating public record information on companies and individuals such as insolvency, bankruptcy and court data relating to debt. The cover of the ABR Gazette includes the terms and conditions of use, restricting it to the assessment of credit risk Veda has agreed to amend the ABR Gazette in the next three ... Read More »

European Commission Unveils ‘Data Economy Package’ – What’s included and how could it impact the information sector?

On January 10, 2017, the European Commission unveiled the “last major Digital Single Market initiatives” addressing Europe’s digital future.  These initiatives comprise the following: A proposal for a Regulation on Privacy and Electronic Communications (E-Privacy Regulation) A Communication on “Building a European Data Economy” and A Communication on exchanging and protecting personal data in a globalized world. This article has ... Read More »

Forrester Research Introduces Forrester’s 2016 Interactive Data Privacy Heat Map

To help security and risk professionals navigate the complex landscape of privacy laws around the world, Forrester created a data privacy heat map that highlights the data protection guidelines and practices for 54 different countries. It also covers other relevant issues like government surveillance, cross-border data transfers, and regulatory enforcement.  Due to the dynamic nature of data protection legislation, we ... Read More »

Privacy Laws & Business 30th Anniversary International Conference at St. John’s College, Cambridge, 3-5 July 2017

Get an authoritative update on international data transfers, the EU-US Privacy Shield and adequacy by EU Commission speakers and other leading experts at Privacy Laws & Business 30th Anniversary International Conference at St. John’s College, Cambridge, 3-5 July 2017. Early bird registration with 20% discount until 14 February at www.privacylaws.com/annualconference Read More »

FICO Joins EU-U.S. Privacy Shield Program to Protect Clients’ Data

Silicon Valley analytics software firm FICO today announced that it has been accepted into the EU-U.S. Privacy Shield program, which requires FICO to agree to comply with EU data protection requirements when transferring personal data from the European Union to the United States.  Effective December 7, 2016, this voluntary self-certification declares FICO’s cooperation with the privacy program adopted jointly by ... Read More »

New China Cyber Security Law Comes with Data Protection Implications

On June 1, 2017, Chinese consumers and businesses, including financial institutions, will wake up to a more stringent set of rules regarding the creation and use of personal data. The new PRC Cybersecurity Law was passed after a third deliberation suggesting the extent to which the government sees the important of the Internet while recognizing the real threat posed it. ... Read More »

Veda to Refund Customers after OAIC Found it Breached Privacy Rules

The Australian Privacy Commissioner found Veda had breached privacy rules when it sold commercial products to consumers who simply wanted a copy of their credit report, which, by law, they’re able to access for free once a year. Commissioner Timothy Pilgrim said Veda “interfered” with the privacy of these customers by charging for “expedited” delivery of a credit report, even ... Read More »

Singapore Parliament Passes Law to Protect Consumer Credit Information

A new law will enable the Monetary Authority of Singapore (MAS) to further safeguard consumer credit information.  Under the Credit Bureau Bill, which Parliament passed recently, the MAS will be able to license and supervise credit bureaus that collect such information from banks and other financial institutions in Singapore, said Mr Ong Ye Kung, Minister for Education (Higher Education and ... Read More »