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Privacy & Data Protection

EU Data Protection Update

Mike Bradford, Owner and Founder of Regulatory Strategies, can now confirm the next steps in the adoption process for the new data protection law.  The regulation will now move to the final stages of negotiation.  Trialogues between the Commission, the Parliament and the Council will begin on 24 June 2015 to resolve differences between the three proposals and agree the ... Read More »

EU Data Privacy Laws Annoy US Tech Companies

Europe is closer to approving new data-privacy legislation that threatens to raise tensions with US technology firms. The European Union body representing member countries on Friday reached a tentative agreement on a controversial power-sharing mechanism between national privacy watchdogs that had been holding up the legislation amid furious corporate lobbying.  Supporters say the new privacy rules are necessary to update ... Read More »

Facilitating SME Financing Through Improved Credit Reporting

Editorial comment on the current hype on data protection in Europe and how it may impact SME access to finance in particular and access to finance by individuals in general.  Not too long ago the World Bank issued a paper on the subject of facilitating SME financing through improved credit reporting (see link below).  The paper originated from a notion ... Read More »

Target Data Breach:  Consequences of Apparent Lack of Oversight

According to an article in the Wall Street Journal, Institutional Shareholder Services (ISS), which advises big shareholders of how to vote on corporate ballots, has recommended to Target shareholders to oust seven of the company’s ten directors for lack of oversight.   The ISS claims that these directors failed to insure that Target’s systems were secured against cyber threats.  The recommendation ... Read More »

SMEs Data Protection Compliance Motivations

A survey conducted by the PDP (Privacy and Data Protection) in the UK showed why smaller organizations are concerned about data protection. SMEs listed the top reasons why they complied with data protection law and 60% stated that it was because of concerns about receiving fines.  A similar number stated that it was to avoid receiving adverse publicity. 80% said ... Read More »

EMV Adoption in the US: Right on Target (or Not)

A frequently asked question concerning EMV Chip Card Technology is about the US lagging behind Europe in adopting more secure credit card technology? The Target data breach has brought discussion of EMV technology into the mainstream.  EMV stands for Europay, MasterCard and Visa.  It is a security standard for a variety of payment cards including, credit and charge cards, traditional ... Read More »

Equifax Canada Launches Data Breach Resources Website equifaxprotect.com

Equifax Canada (NYSE:EFX) launched a new Data Breach resources website (www.equifaxprotect.com)  in response to a recent rash of data breaches and pending legislative changes aimed at protecting organizations that collect and maintain personal data. With Data Breaches on the rise (Equifax 2013 annual statistics reveal an increase of over 250% from 2012 in the reported data breach occurrences), all organizations ... Read More »

The New Privacy: It’s All About Context

Adopt Contextual Privacy to gain A Market Advantage says Fatemeh Khatibloo of Forrester Research “Privacy is dead”: It’s a trope so often repeated you might actually think it’s true. But in the age of smartphones and sensors, privacy is not only possible, it’s essential for building trust, the foundational currency of social, mobile, and local services. Context is key: Businesses crave ... Read More »

Data Breaches and Financial Performance: Lessons Learned from Target

In December we reported the data breach at Target, a US based retailer impacting 40 million customers.  In the meantime the company announced that 70 million of its customers would be at risk. The company stated that as part of Target’s ongoing forensic investigation, it has been determined that certain customer information — separate from the payment card data previously ... Read More »

Cyber Monday for Cyber Crooks

Cyber Monday got its name in the US in 2005.  It’s less a holiday than a marketing ploy to encourage shoppers to spend following the famous Black Friday sales after Thanksgiving.  First you spend in the malls, then when you head back to work you spend online. In the past almost all online retailers have seen their sales increase dramatically ... Read More »

Data Breach at Target: 40 Million Consumers Affected

Target says that its stores have been hit by a major credit-card attack involving up to 40 million accounts.  The retailer said that the unlawful access to customer information took place between Nov. 27 and Dec.15. Earlier, the Secret Service confirmed to USA TODAY that it is investigating the massive data violation involving shoppers’ personal credit-card information. The breach began ... Read More »

Experian Australia Removes Comprehensive Credit Reporting Compliance Burden for Credit Providers

First tool of its kind in Australia streamlines the administration of consumer correction requests following introduction of Privacy Amendment (Enhancing Privacy Protection) Act 2012 Experian Australia announced the launch of its Corrections Exchange, aimed at simplifying the corrections process after the introduction of comprehensive credit reporting in March 2014.  The Corrections Exchange was developed after consultation with major credit providers ... Read More »

High Tech Companies Join Forces to Limit Government Surveillance

According to Reuters U.S. high tech companies have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance. The companies — Google Inc, Microsoft Corp , Apple Inc, Facebook Inc, Twitter , LinkedIn Corp, Yahoo Inc and AOL Inc — issued an open letter to U.S. President Barack Obama and Congress to bring in reforms and restrictions on surveillance activities.  ... Read More »