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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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Apple Debuts Privacy Labels Showing Users' Data Usage

PYMNTS

Apple has updated its App Store with new "privacy labels" to show the information that iPhone apps collect on users, CNBC reported. The company has relied more and more on privacy features to distinguish itself from competitors, including phone makers using Google 's Android, CNBC reported.

Privacy 75
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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. But Shavell explained that people protecting their privacy doesn’t have to be anti-merchant or anti-marketing.

Privacy 76
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Privacy Critic Files GDPR Complaints Against Facebook And Google

PYMNTS

As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. Furthermore, Schrems claims “Facebook has even blocked accounts of users who have not given consent.” But, with the law, users must be given a free choice.

Privacy 70
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Apple Privacy Crackdown Spells Trouble For Google, Facebook

PYMNTS

App developers who don’t comply with Apple’s new privacy features could wind up getting the boot from the tech giant’s popular App Store. 8) told Reuters the new privacy protection, which enable users to block advertisers from tracking their online movements, is slated to go into effect early next year.

Privacy 63
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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.