Home » Privacy & Data Protection

Privacy & Data Protection

60% of UK Consumers and Want at Least Three Security Steps for Financial Protection

Research from Equifax reveals that 60% of consumers think that fewer than three security steps, including passwords, card readers or letters from a memorable word, are insufficient to assure their bank account is secure and not accessible by other people. The online survey, conducted by YouGov, found just over a fifth of the British population (21%) have previously had either ... Read More »

Data Protection: France’s DPA Fines Facebook – Italy’s Antitrust Body Fines WhatsApp

France’s Data Protection Authority, the CNIL, has issued a fine of 150,000 euros on Facebook Inc and Facebook Ireland in an enforcement programme coordinated with four other Data Protection Authorities. The regulator says the company is in breach of the Data Protection Act due to ‘a massive compilation of personal data of Internet users in order to display targeted advertising.’ ... Read More »

FTC Charges Companies With Violating Asia Data Privacy Agreements

The Federal Trade Commission announced recently that it charged Sentinel Labs, SpyChatter, and Vir2us with violating privacy agreements with countries in Asia. The three companies told consumers that they adhered to the Asia-Pacific Economic Cooperation (APEC) Cross-Border Privacy Rules (CBPR) system, which facilitates privacy-respecting data transfers between countries. This agreement is similar to the EU-U.S. and Swiss-U.S. Privacy Shield, which ... Read More »

Creditreform Compliance Services Establishes New Data Protection Hub

New data protection hub of Creditreform Compliance Services GmbH online! Many companies are currently faced with the challenge of examining which new legislation is relevant in the EU Basic Data Protection Regulation. The fines have risen drastically and ensure that data protection is at the top of the list of priorities.  For this purpose Creditreform Compliance Services GmbH has developed a ... Read More »

Equifax Canada Reports: Millennials Top Target for Fraudsters

Education and better protection needed Equifax Canada (NYSE:EFX) – Millennials are the leading target for fraudsters according to new data from Equifax Canada, which flagged this age group for 49 per cent of all suspected fraud applications in its fraud management database last year. Millennials (aged 18-34) are followed by Generation X (aged 35-50) at 30 per cent and Baby Boomers (aged ... Read More »

Data Quality Issues are Impacting Consumer Trust and Perception

Data has transformed the way the world conducts business, but a new global business survey, commissioned by Experian, has found that many companies are still struggling to keep pace with customer expectations and increased scrutiny. Seven in 10 (72%) of companies said that data quality issues had affected trust and perception by their customers, who are increasingly aware of the ... Read More »

Healthcare Starts Spending Big On Cybersecurity

Over 80% of US healthcare organizations and 76% of global healthcare organisations will increase information security spending in 2017, reflective of a rapid transition to electronic health records and increasingly digitized personal health data. The spending comes with the recognition that digitisation is a double-edged sword.  According to the 2017 Thales Data Threat Report, Healthcare Edition, requirements in the US ... Read More »

Hong Kong’s 3.7 Million Voters Exposed in Massive Data Breach

Hong Kong might just have experienced its biggest ever data breach after the personal details of the Special Administrative Region (SAR)’s 3.7 million voters were stolen on two laptops. The details are said to have included ID card numbers, addresses and mobile phone numbers. They were stored on two laptops in a locked room at the AsiaWorld-Expo conference center near ... Read More »

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 »