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FTC Looking For Comments On Customer Privacy, Security Amendments

PYMNTS

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The Safeguards Rule, which went into effect in 2003, requires FIs to develop, implement and maintain a comprehensive information security program.

Security 151
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FTC data security proposals could â??trapâ?? US banks in tangle of regulation

Bobsguide

The Federal Trade Commission (FTC)’s proposed changes to the 2003 Safeguards Rule, which seek to tighten the data security procedures of US banks, seems premature and may contain traps for unwary financial institutions attempting to meet both state and federal laws, according to the American.

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Palantir Raising Nearly $1B From Investors

PYMNTS

In federal filing Wednesday (July 1), Palantir said it was offering securities totaling $961,099,010. Securities and Exchange Commission (SEC) filing said, is $549,727,437. Palantir, founded in 2003, sells software to government agencies and companies for managing and analyzing their data. The amount sold so far, the U.S.

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FinTech Payment Firm Nuvei Files IPO In Canada

PYMNTS

If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker. The news service, citing a source, said the IPO is expected to push that valuation to more than $3 billion.

Payments 229
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First American Financial Customers Sue Over Data Breach

PYMNTS

the title insurance company that exposed the data on hundreds of millions of mortgages dating as far back as 2003, is being sued in a class-action lawsuit. The data breach was first spotted by Krebs on Security , a security news website run by cyber expert Brian Krebs. First American Financial Corp.,

Data 148
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4 Top Cloud Financial Planning Solutions

Perficient

Security and a process of governance to monitor the entry and approval of all forecast input. Adaptive Planning was founded in 2003 and acquired by Workday in 2018. Rules and formula engine that takes the inputs and generates plans in the form of speedy data stores. Typically online analytical processing cubes.).

Analytics 322
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SEC Probing First American Financial’s Data Breach

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116