|
Date |
Article Title |
Publication |
Author |
Synopsis |
|
6/28/2010 |
EU, US sign SWIFT terror
finance deal, overcoming privacy worries |
Deutsche Wells |
Darren Mara |
The EU and U.S. signed a revised agreement today, moving
closer to a deal that would allow the sharing of banking
data in investigations of suspected terrorist financing. |
|
6/15/2010 |
Swiss lawmakers approve
deal to hand tax-cheat data to US |
Deutsche Wells |
Darren Mara |
Switzerland's parliament has approved a deal with the
U.S. that would require UBS to provide data on as many
as 4,450 suspected U.S. tax evaders holding accounts
with the bank. |
|
6/13/2010 |
Accounts Of 500 UBS
Clients Already Sent to U.S.: Report |
New York Times |
Reuters |
Following on the lower house of Switzerland's
parliament's decision to reject an agreement to hand
over banking information to the U.S., it is reported
that Swiss authorities have already handed over 500
accounts of UBS clients "under an agreement to end a tax
dispute that has threatened the bank's existence." |
|
6/10/2010 |
EU Close to U.S. Data
Deal |
Wall Street Journal |
Associated Press |
The EU and U.S. are close to agreement on a five-year
accord on the sharing of bank transfer data. |
|
6/9/2010 |
Swiss parliament votes to
shield UBS data from U.S. |
Washington Post |
David S. Hilzenrath |
A
deal negotiated by the U.S. with Switzerland to gather
information on Americans with holdings in Swiss bank UBS
is on the verge of collapsing. |
|
6/5/2010 |
How Paid-Off Loans Can
Haunt You |
Wall Street Journal |
Mary Pilon |
Loan data may be retained for decades after loans are
paid off, and according to California-based Privacy
Rights Clearinghouse, breaches of more than 354 million
records of personal data have occurred in the past five
years alone. |
|
4/23/2010 |
EU to enter talks with
U.S. to track terrorist funds |
Washington Post |
Justyna Pawlak |
Reuters reports that European Union interior ministers
on Friday agreed to let the European Commission
negotiate a new financial data sharing deal with added
privacy provisions. |
|
4/15/2010 |
EU relaunches talks with
US on sharing bank data |
European Voice |
Toby Vogel |
European Union interior ministers are expected to meet
on April 22 to discuss and endorse the start of new
negotiations between the European Commission and the
U.S. on sharing bank transfer data that the U.S.
contends is essential to the fight against terrorism. |
|
4/9/2010 |
EU, US hopeful of new
data-sharing deal |
Associated Press |
Associated Press |
While the EU remains focused on assuring privacy is
protected, EU and U.S. officials are hopeful they will
be able to agree on a new data-sharing deal aimed at
anti-terrorism investigations. |
|
4/8/2010 |
Privacy Issues Hinder
Plan on Tracking Terror Assets |
New York Times |
Raphael Minder |
U.S. Attorney General Eric Holder acknowledged European
concerns about an accord that would enable the sharing
of EU citizens' bank transaction data with U.S.
officials for counterterrorism efforts. |
|
3/24/2010 |
E.U. Weighs Its Own
System to Track Cash for Terrorism |
New York Times |
James Kanter |
The European Commission (EC) has revived negotiations on
sharing banking data with the U.S. |
|
2/18/2010 |
Talks on future of EU-US
bank transfer agreement |
European Voice |
Toby Vogel |
In
the wake of the European Parliament's decision on
February 11 to strike down the SWIFT bank data transfer
agreement, officials from the European Commission and
the U.S. are now meeting in Washington, DC to begin
discussing a long-term agreement. |
|
2/12/2010 |
U.S. criticizes E.U.
rejection of agreement that would help track suspected
terrorists |
Washington Post |
Ellen Nakashima |
While privacy advocates are praising the EU's vote to
reject an agreement allowing European bank transfer data
to be shared with the U.S., Obama administration
officials are calling the move a "setback" for
counterterrorism cooperation. |
|
2/11/2010 |
Parliament rejects bank
transfer data deal |
European Voice |
Constant Brand |
The European Parliament has rejected an agreement to
share bank transfer data with the U.S. |
|
2/3/2010 |
US presses Brussels on
terror data swaps |
Financial Times |
|
U.S. Secretary of State Hillary Clinton called on
European parliament president Jerzy Buzek to express
concern about members' plans to reject a data-sharing
agreement that would allow the Society for Worldwide
Interbank Financial Transactions (SWIFT) to continue
sharing European citizens' banking transaction data with
U.S. officials, who use it to track terrorist financing. |
|
1/28/2010 |
EU-US bank data deal to
enter into force |
EuropeanVoice.com |
Toby Vogel |
A
financial data-sharing agreement between the U.S. and EU
will go into effect next week despite the European
Parliament's request for a delay. |
|
1/22/2010 |
Swiss Court Rules UBS
Cannot Release Client’s Data |
New York Times |
|
A
client of Swiss bank UBS won her appeal to prevent the
bank from turning over data to the United States when a
Swiss administrative court ruled that a disclosure
agreement between the two countries only applied to
cases of "fraud or the like." |
|
1/18/2010 |
Parliament threatens to
derail EU-US bank data deal |
European Observer |
Valentina Pop |
The European Parliament has threatened to block
financial data transfers between EU member nations and
the U.S. under the SWIFT agreement unless it gets
answers to questions it has asked of Spain and
Switzerland. |
|
11/30/2009 |
EU approves data-sharing
SWIFT agreement with US authorities |
DW-World.de |
Michael Lawton |
European Union nations have agreed on a controversial
measure that will allow U.S. authorities continued
access to European citizens' financial transaction data
for the purpose of fighting terrorism. |
|
11/13/2009 |
EU-US Accord on SWIFT
Data Hits Political Snag |
PC
World |
Paul Meller |
Several European nations are backing away from a draft
agreement to allow the sharing of European citizens'
financial data with U.S. authorities for the purpose of
fighting terrorism. |
|
9/28/2009 |
Google, bank resolve
issue over misfired e-mail |
CNET News |
Elinor Mills |
Rocky Mountain Bank and Google have resolved an issue
involving a Gmail user who received sensitive
information on bank accountholders. |
|
9/21/2009 |
Bank Sends Sensitive
E-mail to Wrong Gmail Address, Sues Google |
Wired |
Kim
Zetter |
A
Wyoming bank sent sensitive customer data to a Gmail
user and now wants Google to release the account
holder's identity. |
|
7/27/2009 |
US Snooping Rights in
Europe: Criticism Grows over Banking Data Deal |
Spiegel Online |
|
Lawmakers from European Union member states are
anxiously following negotiations between the European
Commission and the United States over an agreement that
would give U.S. authorities access to bank data as part
of ongoing anti-terrorism efforts. |
|
7/27/2009 |
EU bank data move ignored
legal advice |
European Observer |
Andrew Rettman |
According to the European Union (EU), member states
ignored the advice of the Union's legal experts when it
cut out the European Parliament from negotiations to
strike a deal giving the U.S. access to Society for
Worldwide Interbank Financial Transactions (SWIFT)
records. |
|
7/8/2009 |
UPDATE 2 - Swiss to stop
UBS handing over data in US tax row |
Reuters |
Sven Egenter and Emma Thomasson |
The Swiss Justice Ministry said today that, if
necessary, it will seize UBS clients' data in order to
prevent its release to U.S. authorities. |
|
6/23/2009 |
U.S. May Drop Case
Against UBS |
New York Times |
|
The U.S. Justice Department might drop its case against
Switzerland's largest bank. |
|
6/16/2009 |
Obama wants new financial
agency for consumers |
Associated Press |
Anne Flaherty and Jim Kuhnhenn |
A
report on the Obama administration's proposed sweeping
changes to financial services regulation. |
|
6/5/2009 |
State privacy law not
hurting banks, feds say |
San Francisco Chronicle |
Bob
Egelko |
In
response to a U.S. Supreme court request, the Justice
Department filed its opinion on California's financial
privacy law; saying that the high court should not hear
an American Bankers Association (ABA) request for
appeal. |
|
4/28/2009 |
Privacy notices work best
in table form, says US Government research |
Out-Law News |
|
Bank customers best understand privacy and information
sharing policies when they are structured as a table
rather than as solid text, a study for the US government
has found. |
|
4/24/2009 |
Device identification in
online banking is privacy threat, expert says |
CNET News |
Elinor Mills |
A
widely used technology to authenticate users when they
log in for online banking may help reduce fraud, but it
does so at the expense of consumer privacy, a civil
liberties attorney said. |
|
4/15/2009 |
SEC Reopens Public
Comment Period on Proposal for Model Privacy Form |
|
|
Consumers have tested a model privacy form developed to
help them easily compare financial institutions' privacy
policies. |
|
4/15/2009 |
Debit card
info top of hacker wish list |
iT
News |
Brett Winterford |
A
new report shows hackers are focusing more of their
efforts on financial services companies, with debit card
data becoming the main attraction. |
|
4/2/2009 |
State Supreme Court
upholds privacy of bank records |
The Star Ledger |
Mary Fuchs |
New Jersey's Supreme Court ruled on Wednesday that banks
may not release a customer's account information without
a court order. |
|
4/2/2009 |
Leaders see end to
banking secrecy |
Financial Times |
Alex Baker & Vanessa Houlder & Jamil Anderlini |
G20 leaders predicted an end to banking secrecy. |
|
3/25/2009 |
Coalition Urges Obama to
Defend California Financial Privacy Law |
California Progress Report |
Richard Holober |
A
coalition of advocacy groups is urging the Obama
administration to defend California's landmark financial
privacy law. |
|
7/23/2008 |
Most Bank Sites Are
Insecure |
Information Week |
Thomas Claburn |
In
a study of the Web sites of more than 200 financial
institutions, University of Michigan researchers found
that more than 75 percent are vulnerable to customer
data compromises. |
|
6/3/2008 |
Q & A with IAPP Practical
Privacy Series Speakers |
IAPP |
Chris Wolf |
Financial services professionals are among those across
myriad sectors working to come into compliance with
measures aimed at preventing identity theft and
strengthening data protection principles. |
|
6/3/2008 |
Q & A with IAPP Practical
Privacy Series Speakers |
IAPP |
Chris Wolf |
Financial services professionals are among those across
myriad sectors working to come into compliance with
measures aimed at preventing identity theft and
strengthening data protection principles. |
|
5/15/2008 |
South Africa:
New Law Gives FSB Leeway on Privacy |
allAfrica.com |
Linda Ensor |
The South African Financial Services Board (FSB) may get
new powers to disclose confidential information in the
interest of better regulating financial services
institutions. |
|
5/15/2008 |
South Africa:
New Law Gives FSB Leeway on Privacy |
allAfrica.com |
Linda Ensor |
The South African Financial Services Board (FSB) may get
new powers to disclose confidential information in the
interest of better regulating financial services
institutions. |
|
4/28/2008 |
Phishing Season:
Fraudsters Step Up Attacks on Financial
Institutions |
Bank Info Security |
Linda McGlasson |
A
small scale phishing attack on a credit union in Arizona
prompted employees into quick action to track down the
fraudsters. The attack came to employees via text
message, and the credit union was able to track down the
company that owned the phone number and send a
cease-and-desist letter, blocking all incoming calls
from the number. |
|
4/28/2008 |
Phishing Season:
Fraudsters Step Up Attacks on Financial
Institutions |
Bank Info Security |
Linda McGlasson |
A
small scale phishing attack on a credit union in Arizona
prompted employees into quick action to track down the
fraudsters. The attack came to employees via text
message, and the credit union was able to track down the
company that owned the phone number and send a
cease-and-desist letter, blocking all incoming calls
from the number. |
|
3/27/2008 |
United States, IT &
Telecoms, SEC Seeks to Better Protect Investors' Privacy
With Proposed Amendments to Regulation S-P |
Mondaq |
Proskauer Rose LLP |
The Securities and Exchange Commission (SEC) intends to
better protect investors from privacy breaches by
beefing up Regulation S-P rules. The proposed new
guidelines call for data breach notifications
requirements, broadening the safeguards rule, and will
align SEC privacy guidelines more closely with those of
other federal agencies. |
|
3/27/2008 |
United States, IT &
Telecoms, SEC Seeks to Better Protect Investors' Privacy
With Proposed Amendments to Regulation S-P |
Mondaq |
Proskauer Rose LLP |
The Securities and Exchange Commission (SEC) intends to
better protect investors from privacy breaches by
beefing up Regulation S-P rules. The proposed new
guidelines call for data breach notifications
requirements, broadening the safeguards rule, and will
align SEC privacy guidelines more closely with those of
other federal agencies. |
|
3/14/2008 |
They Watched Spitzer and
they watch you |
ABC News |
Scott Mayerowitz |
From a $30 dinner purchase to much larger sums, if tied
to a bank, your every financial move is being monitored,
says an ABC News
report. Where your data ends up depends upon the nature
of your transactions. |
|
3/14/2008 |
They Watched Spitzer and
they watch you |
ABC News |
Scott Mayerowitz |
From a $30 dinner purchase to much larger sums, if tied
to a bank, your every financial move is being monitored,
says an ABC News
report. Where your data ends up depends upon the nature
of your transactions. |
|
2/22/2008 |
Opinion: Experian
Disingenuous In Making LifeLock Claim |
American Chronicle |
Denise Richardson |
Writing for the American Chronicle,
consumer credit expert and advocate Denise Richardson
says that credit bureau Experian's claims that ID theft
prevention firm LifeLock is making fraudulent claims in
its marketing is a case of the pot calling the kettle
black. |
|
2/22/2008 |
Opinion: Experian
Disingenuous In Making LifeLock Claim |
American Chronicle |
Denise Richardson |
Writing for the American Chronicle,
consumer credit expert and advocate Denise Richardson
says that credit bureau Experian's claims that ID theft
prevention firm LifeLock is making fraudulent claims in
its marketing is a case of the pot calling the kettle
black. |
|
2/21/2008 |
Liechtenstein Toughens
Financial Privacy Rules |
International Herald Tribune |
Eric Pfanner |
The government of Liechtenstein is rewriting the rules
governing its financial foundations, used as tax havens
by many wealthy Europeans, to protect the identities of
account holders. |
|
2/21/2008 |
Liechtenstein Toughens
Financial Privacy Rules |
International Herald Tribune |
Eric Pfanner |
The government of Liechtenstein is rewriting the rules
governing its financial foundations, used as tax havens
by many wealthy Europeans, to protect the identities of
account holders. |
|
2/8/2008 |
Insiders Are Biggest
Threat To Data Security |
CXO Today |
Tabrez Khan |
The dangers that insider data theft pose to data
operations, especially those in banking, financial
services and insurance industries, particularly when
those industries engage third parties, such as
contractors and off shore data processing firms. |
|
2/8/2008 |
New PCI Rules On Horizon |
Information Week |
George Hulme |
George Hulme warns Web merchants in his
InformationWeek
Security Weblog that they'd better
get up to speed with the new Payment Card Industry Data
Security Standards (PCI DSS) coming in June. |
|
2/8/2008 |
Insiders Are Biggest
Threat To Data Security |
CXO Today |
Tabrez Khan |
The dangers that insider data theft pose to data
operations, especially those in banking, financial
services and insurance industries, particularly when
those industries engage third parties, such as
contractors and off shore data processing firms. |
|
2/8/2008 |
New PCI Rules On Horizon |
Information Week |
George Hulme |
George Hulme warns Web merchants in his
InformationWeek
Security Weblog that they'd better
get up to speed with the new Payment Card Industry Data
Security Standards (PCI DSS) coming in June. |
|
1/31/2008 |
Georgia Considers $3
Credit Freeze |
Atlanta Journal Constitution |
Ben
Smith |
By
a 167-2 vote this week, the Georgia House overwhelmingly
passed a bill that would help protect consumers from
identity theft by offering them the ability to freeze
credit for only $3. |
|
1/31/2008 |
Georgia Considers $3
Credit Freeze |
Atlanta Journal Constitution |
Ben
Smith |
By
a 167-2 vote this week, the Georgia House overwhelmingly
passed a bill that would help protect consumers from
identity theft by offering them the ability to freeze
credit for only $3. |
|
1/2/2008 |
Mortgage Company Settles
FTC Charges Related To Improper Document Disposal |
Originator Times |
|
American United Mortgage Co. must pay a $50,000 civil
penalty for violations of the Disposal Rule. The company
also is required under a stipulated judgment and final
order to comply with the Disposal, Safeguards and
Privacy rules. |
|
1/2/2008 |
Mortgage Company Settles
FTC Charges Related To Improper Document Disposal |
Originator Times |
|
American United Mortgage Co. must pay a $50,000 civil
penalty for violations of the Disposal Rule. The company
also is required under a stipulated judgment and final
order to comply with the Disposal, Safeguards and
Privacy rules. |
|
12/17/2007 |
Consumer Advocates Say
FTC Too Lenient With Credit Agencies |
USA Today |
Byron Acohido & Jon Swartz |
This article explores criticism from consumer advocates
that the Federal Trade Commission (FTC) has failed to
more stringently regulate the sale of credit data to
lenders and consumers. |
|
12/17/2007 |
Consumer Advocates Say
FTC Too Lenient With Credit Agencies |
USA Today |
Byron Acohido & Jon Swartz |
This article explores criticism from consumer advocates
that the Federal Trade Commission (FTC) has failed to
more stringently regulate the sale of credit data to
lenders and consumers. |
|
12/11/2007 |
Financial sector gears
for new laws |
Australian IT |
Karen Dearne |
The new Minister for Home Affairs, Bob Debus, has warned
the financial sector not to drag its heels on tough new
"know your customer" anti-money laundering rules which
come into effect tomorrow. |
|
12/11/2007 |
Financial sector gears
for new laws |
Australian IT |
Karen Dearne |
The new Minister for Home Affairs, Bob Debus, has warned
the financial sector not to drag its heels on tough new
"know your customer" anti-money laundering rules which
come into effect tomorrow. |
|
12/10/2007 |
Expert: Banks Should
Contribute Toward Anti-Phishing Efforts |
Computer World |
Randal Jackson Auckland |
Thom Hooker, Director of Operations at SMX, an anti-spam
and anti-virus email service provider, is challenging
banks in New Zealand to make a change to their Internet
address protocols to help cut down on the number of spam
emails disguised as communications from banks. |
|
12/10/2007 |
Expert: Banks Should
Contribute Toward Anti-Phishing Efforts |
Computer World |
Randal Jackson Auckland |
Thom Hooker, Director of Operations at SMX, an anti-spam
and anti-virus email service provider, is challenging
banks in New Zealand to make a change to their Internet
address protocols to help cut down on the number of spam
emails disguised as communications from banks. |
|
12/6/2007 |
Opinion: Rules For All
Seeking To Build, Audit Privacy Programs |
Computer World |
Jay
Cline |
The benefits of the Generally Accepted Privacy
Principles (GAPP), which some experts embrace as the
best international framework for achieving compliance
with increasingly complex global privacy regulations. |
|
12/6/2007 |
Opinion: Rules For All
Seeking To Build, Audit Privacy Programs |
ComputerWorld |
Jay
Cline |
The benefits of the Generally Accepted Privacy
Principles (GAPP), which some experts embrace as the
best international framework for achieving compliance
with increasingly complex global privacy regulations. |
|
11/13/2007 |
Debit Card Signature
Transactions Leave Banks Vulnerable |
The Boston Globe |
Ross Kerber |
Mounting use of debit card signature transactions is
leaving many financial institutions exposed to fraud,
according to this article in the
Boston Globe. |
|
11/13/2007 |
Debit Card Signature
Transactions Leave Banks Vulnerable |
The Boston Globe |
Ross Kerber |
Mounting use of debit card signature transactions is
leaving many financial institutions exposed to fraud,
according to this article in the
Boston Globe. |
|
11/9/2007 |
Opinion: Biometric
Signature Verification Systems Hold Promise As
Anti-Fraud Solution |
Bank System & Technology |
Dr.
Tatiana Vazioulina |
Dr. Tatiana Vazioulina of Parascript, which uses
patented digital image analysis and pattern recognition
technologies to glean relevant information from images,
explores in this column the potential for signature
verification "to alleviate security breaches and offer
solutions to key challenges, such as financial theft and
fraud." |
|
11/9/2007 |
Opinion: Biometric
Signature Verification Systems Hold Promise As
Anti-Fraud Solution |
Bank System & Technology |
Dr.
Tatiana Vazioulina |
Dr. Tatiana Vazioulina of Parascript, which uses
patented digital image analysis and pattern recognition
technologies to glean relevant information from images,
explores in this column the potential for signature
verification "to alleviate security breaches and offer
solutions to key challenges, such as financial theft and
fraud." |
|
11/8/2007 |
VISA Continues Work On
New Security Standard |
Computer World |
Jaikumar Vijayan |
The Payment Card Industry (PCI) Security Standards
Council, which manages the PCI data security
requirements, is supporting Visa Inc.'s proposal for new
best practices related to third-party application
software for retailers. |
|
11/8/2007 |
VISA Continues Work On
New Security Standard |
Computer World |
Jaikumar Vijayan |
The Payment Card Industry (PCI) Security Standards
Council, which manages the PCI data security
requirements, is supporting Visa Inc.'s proposal for new
best practices related to third-party application
software for retailers. |
|
10/29/2007 |
FAQ: What Visa's payment
application security mandates mean |
Computer World |
Jaikumar Vijayan |
Visa last week issued new mandates that require any
company that accepts credit cards to ensure that all
third-party payment applications used to store, process
or transmit consumers' card data are in compliance with
Visa's minimum security requirements. |
|
10/29/2007 |
Trademark Infringement
Meets Consumer Privacy |
InternetNews.com |
Catherine Pickavet |
A
trademark case between two financial firms has revealed
that customers of one company were unwittingly emailing
sensitive data, including Social Security numbers, to
the wrong company with a similar name. |
|
10/29/2007 |
FAQ: What Visa's payment
application security mandates mean |
Computer World |
Jaikumar Vijayan |
Visa last week issued new mandates that require any
company that accepts credit cards to ensure that all
third-party payment applications used to store, process
or transmit consumers' card data are in compliance with
Visa's minimum security requirements. |
|
10/29/2007 |
Trademark Infringement
Meets Consumer Privacy |
InternetNews.com |
Catherine Pickavet |
A
trademark case between two financial firms has revealed
that customers of one company were unwittingly emailing
sensitive data, including Social Security numbers, to
the wrong company with a similar name. |
