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Instagram Invites Security Experts To Hack Its Checkout Feature

PYMNTS

Instagram is inviting a group of security researchers known as white hat hackers to stress-test its Checkout feature before it launches outside the United States. While Instagram has assured users that Checkout payments are secure, adding that it never shares payment information with sellers and keeps financial information on secured servers.

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Facebook Could Pay $100M To Settle SEC Investigation

PYMNTS

Facebook is expected to settle on Wednesday (July 24) with the Securities and Exchange Commission’s investigation into its privacy practices. . In 2011, Facebook and the FTC reached a consent decree in regards to protecting user privacy. The new case was over whether the social media firm violated that decree not. .

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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U.S. Regulators Eye ‘Record’ Facebook Fine For Privacy Violations

PYMNTS

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. Other data privacy issues have been reported beyond that linkup. million paid by Google in 2012.

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With Terrorists And Scammers Lurking, Is A Crypto Storm Looming?

PYMNTS

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S.

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FTC: Facebook Lied To Users About Authentication, Facial Recognition

PYMNTS

As part of a 2011 FTC consent decree, Facebook allowed continuous privacy checkups by PricewaterhouseCoopers LLP. Analysts pointed out that it’s clear Facebook has struggled with privacy issues since 2011, and so they expect the social media giant to agree with tightened oversight.

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New York Grand Jury Looking Into Facebook’s Data Sharing Agreements

PYMNTS

In a statement to the paper, the social media giant said it’s cooperating with investigators. The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit. Privacy advocates contend it does.

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