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Mar 21, 2016

In this episode...

 

The FTC is getting into providing guidance on password changes

 

Dwolla hit by CFPB and fined $100,000

  • Who is the CFPB (Consumer Finance Protection Bureau)?
  • This opening sentence is crucial: "The Consumer Financial Protection Bureau (Bureau) has reviewed certain acts and practices of Dwolla, Inc. (Respondent, as defined below) and has identified the following law violations: deceptive acts and practices relating to false representations regarding Respondent’s data-security practices in violation of Sections 1031(a) and 1036(a)(1) of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531(a), 5536(a)(1)"
  • http://files.consumerfinance.gov/f/201603_cfpb_consent-order-dwolla-inc.pdf
  • http://blog.dwolla.com/we-are-never-done/

 

FTC To Study Credit Card Industry Data Security Auditing

 

Bengladesh bank hackers steal ~$100M