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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. Security .

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. It’s no surprise many consumers are more concerned than ever about how their data is being shared and used.

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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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 CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018.

CCPA 62
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Could DoorDash Data Breach Stoke Mobile Ordering Fears?

PYMNTS

Another day, another data breach – at least it seems that way sometimes. The security platforms that utilize AI and machine learning can also spot attack patterns as they try to morph into different vectors, and very quickly block those transactions as well,” he said. million consumers, delivery workers and merchants.

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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 CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018.

CCPA 52