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Privacy & Data Protection

TransUnion and Equifax Launch Multi-Bureau Lock

Unique, two-bureau feature enhances identity theft protection, data security TransUnion® (NYSE: TRU) and Equifax Inc. (NYSE: EFX) have entered into an agreement to launch a first-of-its-kind identity theft protection feature, Multi-Bureau Lock, that allows customers to lock both their TransUnion and Equifax credit reports. This agreement reinforces Equifax and TransUnion’s shared commitment to identity theft protection and data security by making it ... Read More »

Mike Bradford’s Message: From 25th of May 2018 All Organisation Must be Fully GDPR Compliant

His critical message is that we are now less than a year away from what is undoubtedly fundamental reform to how we use data.   From 25 May next year all organisations must be fully GDPR compliant.  There is no ‘grace period’. This month we saw what the press is picking up on – see https://www.thetimes.co.uk/article/data-protection-changes-provide-safeguards-and-business-opportunities-vs3c5vtpm. This perhaps gives an early ... Read More »

GDPR: A Well-intentioned Concept Hits the Realities of Implementation

75% of Organizations Will Struggle to Meet EU GDPR Regulations by Deadline, Survey Finds Varonis Systems, Inc. (NASDAQ:VRNS), a leading provider of software solutions that protect data from insider threats and cyberattacks, released findings today from an independent survey probing attitudes towards the EU General Data Protection Regulations (EU GDPR), due to come into effect one year from today. The survey, which polled ... Read More »

China Cybersecurity and Data Protection Laws: Changes to Become Effective June 1, 2017

China’s new Cybersecurity Law will become effective on June 1, 2017. In addition to focusing on cybersecurity, the law also details how companies are to handle personal information and data. In determining what is allowed and not allowed for handling personal information in China, it is important to examine The Decision on Strengthening Information Protection on Networks (2012), The Guidelines ... Read More »

60% of UK Consumers 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 »