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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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US Retailers Confront Data Privacy Shifts

PYMNTS

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. RILA Explains How New Data Privacy Rules Are Impacting U.S. The virus is sweeping through the U.S.

Privacy 79
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Have Consumer Privacy And Matchmakers Reached A Crossroads?

PYMNTS

With an increasing number of data breaches and the ongoing debate on where to draw the lines of personal privacy, many consumers are taking the protection of their personal information into their own hands. From news headlines about data breaches and Edward Snowden, it’s clear that sharing too much data could backfire.

Privacy 76
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Proxies Explained: The First Line Of Defense In Cybersecurity

VISTA InfoSec

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. This intermediary position prevents direct attacks against your network by blocking malicious traffic and unauthorized access attempts.

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Patient Record Breach Prompts Finland To Update Identity Code Laws

PYMNTS

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. Police in Finland said as many as 40,000 patients of the clinic could have had their data exposed in breaches in 2018 and 2019. The breach was first made known last month.

Breach 69
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Retailer Hanna Andersson, Salesforce Are First Sued Under New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach.

CCPA 62
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Retailer Hanna Andersson, Salesforce Get First Taste Of New California Privacy Law

PYMNTS

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach.

CCPA 52