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Facebook's Libra will force a reckoning on crypto, privacy law

Payments Source

Both challenge citizens' relationship to privacy, and both use technology in ways that current laws were unprepared for. In the eyes of regulators, Facebook and bitcoin have a lot in common.

Privacy 130
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GDPR and Biometric Data: Ethical Considerations and Privacy Implications

VISTA InfoSec

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130
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NJ Legislators Propose Tighter Data Privacy Regulations

PYMNTS

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws.

Privacy 99
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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121
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Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws

PYMNTS

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. While Ecuador had been working on a data privacy law for nearly two years, the breach prompted the government to finish its work and send the draft law to parliament.

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NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy

PYMNTS

Merchants and their banks must therefore keep a close eye on how privacy and open banking trends are changing, as well as what data they can use to help authenticate these customers under these emerging laws. Meanwhile, other markets are continuing to adjust with their own data protection laws. Around The Data Protection World.

Privacy 119
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Privacy coins face existential threat amid regulatory pinch

Payments Source

The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation.

Privacy 106