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Data Management

California Attorney General Rob Bonta announced a resolution with DoorDash today, addressing breaches of the California Consumer Privacy Act (CCPA) and the California Online Privacy Protection Act (CalOPPA).

The Consumer Financial Protection Bureau (CFPB) has unveiled extensive modifications to the Fair Credit Reporting Act (FCRA), signaling significant implications for data brokers, furnishers, and end users.

The European Banking Authority is calling on national supervisory authorities to take action against banks limiting access to payment accounts for third parties.

Enterprise data management RegTech SteelEye has secured $10 million in growth capital in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial.

The Financial Conduct Authority has launched a study into the use of algorithmically generated synthetic data and its potential for safely opening data sharing between firms, regulators and other public bodies.

Source: Ping Identity

Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, today announced the launch of a Consumer Data Right (CDR) Integration Kit enabling Australian banks and fintech company data holders to rapidly align with CDR regulatory requirements while also simplifying data recipient functionality.

Technological innovations in financial services (fintech) are increasingly transforming the way financial services are provided. While fintech opens opportunities, it also comes with potential risks.

Source: European Commission

Today, the European Commission adopted two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries.

The Office of the Comptroller of the Currency (OCC) has hit Morgan Stanley with a $60 million penalty for failing to properly decommission two wealth management data centres in 2016.

UK consumer electronics retail group Dixons Carphone has been fined £500,000 after hackers compromised its point-of-sale system and gained access to the details of 5.6 million payment cards.

Having initially dismissed reports of the leak of 100 million customer files on the dark web, Indian payments processor MobiKwick has brought in external investigators to conduct a forensic data security audit.

Key Ring, an app that lets people upload and store card details, has left the information of millions of users exposed, according to researchers at vpnMentor.

Nine out of ten people say data privacy is important to them, according to a recent Mastercard-commissioned survey, yet only one-quarter say companies are doing a very good job handling individuals’ data.

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