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Financial Privacy
      
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 Quantcast
RTTNews
  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. 
 
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