Remove Federal Trade Commission Remove Privacy Remove Social Security
article thumbnail

Court: Facebook Biometric Data Lawsuit Will Proceed

PYMNTS

The court decision could have billions of dollars in consequences for the company, and it follows in the heels of a recent fine of $5 billion that Facebook agreed to pay to the Federal Trade Commission over privacy issues. . It’s not like a Social Security card or credit card number where you can change the number.

article thumbnail

10 Tips to Protect Your Personal Information

Center for Payments

In today’s world, where technology is a huge part of our everyday lives and so much of our information is readily available, it’s important to keep data privacy at the front of our minds. Protect your social security number. In most cases, criminals use a child’s social security number to get started.

article thumbnail

FTC Settles With Two Websites Over Lack Of Consumer Data Security

PYMNTS

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. As part of the settlement, Grago is prohibited from falsely claiming the extent of the security provided by any company he owns and operates.

FTC 53
article thumbnail

Analyst Warned Of Equifax’s Lax Cybersecurity Last Year

PYMNTS

What’s more, MSCI scored a zero for the privacy and security of consumers’ data. Due to the cybersecurity concerns, MSCI removed Equifax from its stock indices, which evaluate companies based on environmental, social and governance criteria. The latest revelation comes as Equifax is reeling from its recent disclosure that 145.5

article thumbnail

6 Types of COVID-19 Scams to Watch Out For

FICO

Beware of people claiming to be part of reputable organizations, like research firms or government agencies, asking you for personal information like bank card numbers or your Social Security number. Additionally, update your privacy settings on social networks to restrict access only to people that you trust.

Scams 97
article thumbnail

Using Venmo for Business: Everything You Need to Know

Payment Savvy

Privacy issues. Although Venmo itself is a reputable company that uses state-of-the-art security technologies, it has faced some privacy issues in the past, which even resulted in a settlement with the Federal Trade Commission. That can limit your leeway, forcing you to use other payment solutions.

Venmo 98
article thumbnail

Securing Consumer Data Beyond The SSN

PYMNTS

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.