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The Cybersecurity Information Sharing Act, which has advanced far on Capitol Hill, promises to help businesses and government thwart cybercriminal attacks. But privacy advocates say the bill would make misuse of consumer data even easier.
November 17 -
Led by a team of financial services and regulatory veterans and young techies, Privacy.com represents the first mainstream attempt to build a business explicitly around transactional privacy in the era of Edward Snowden and Ashley Madison.
October 27 -
Some banks have begun to look at social media posts and website meanderings to better understand their customers and improve digital marketing. The practice is legal, but raises ethical questions.
October 19
There's a refreshing caveat to the usual warnings about money laundering risks in the Bank for International Settlements' new white paper about digital currencies such as bitcoin:
Some digital currency schemes based on distributed ledgers have the scope to allow transactions to be made without disclosing personal details or sensitive payment credentials. … The attractiveness of pseudonymity and the avoidance of banks and authorities may be partly driven by the desire to circumvent laws and regulation. In this respect, combined with their global reach, digital currency schemes are potentially vulnerable to illicit use. However, there are also legitimate reasons why users may prefer to use anonymous payment methods (eg when the payee is not trusted to protect the information disclosed: this may arise in person-to-person online sales where the parties commonly have no previous experience of interaction).
Might I add: The concern may also arise in business-to-consumer sales as well, when the
The atrocities in Paris have
You can read the full BIS report
Marc Hochstein is the editor in chief of American Banker. The views expressed are his own. If he had a lawn, he'd tell you to get off it. Use his