Financial Privacy

Date	Article Title	Publication	Author	Synopsis

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.
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.
3/14/2008	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.
2/21/2008	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.
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.
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.
12/10/2007	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.
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."
11/8/2007	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.
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.

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