Remove 2011 Remove Breach Remove Federal Trade Commission
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Yahoo’s Breach Epitaph

PYMNTS

SEC data breach disclosure rules are vague to say the least. 22 that the breach was a state-sponsored attack. Securities and Exchange Commission to investigate the disclosure action taken by Yahoo’s executives. According to Warner, less than 100 of 9,000 public companies have reported a data breach since 2010. “I

Breach 74
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U.S. Regulators Eye ‘Record’ Facebook Fine For Privacy Violations

PYMNTS

Numerous sources citing The Washington Post said Friday that the Federal Trade Commission (FTC) is mulling the fine, which could be set at record levels. Elsewhere, if the company is found to have breached the General Data Protection Regulation (GDPR) that has now taken effect in Europe, the company could be fined as much as $1.6

Privacy 51
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Consumer Watchdog Wants More Than Regulation For Facebook

PYMNTS

It would also give enforcement authority to the Federal Trade Commission (FTC). Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined.

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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future. Florida saw its complaint numbers increase by a staggering 130 percent since 2011. But since then, reported breaches have more than doubled.

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Preventing payment fraud and shadow spending

Nanonets

billion in 2011 to $32.39 According to the Federal Trade Commission, USA, over 1.4 Data Breaches: Hackers infiltrate the organization's systems or third-party platforms to steal sensitive payment information and use it for fraudulent purposes. Payment fraud has tripled from $9.84 billion in 2020 globally.

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. Senator Elizabeth Warren (D – Mass.)

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Advocacy Groups Call On FTC To Break Up Facebook

PYMNTS

Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. In 2011 the FTC said Facebook deceived customers by sharing data it said it was kept private. The consent decree was inked in 2012.

FTC 46