Data Protection news and trends

What on-Soil Requests Mean for Cross-Border Payments Compliance
Regulation // October 14, 2024

If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, companies looking to navigate the complex landscape of data privacy, financial regulations and cybersecurity, are finding...

Making Sense of How Point-to-Point Encryption Protects Payment Data
Cybersecurity // September 27, 2024

The payments landscape has transformed more in the past five years than the prior 50. And driving that change is a host of emerging behavioral expectations and needs — with younger generations like zillennials favoring quick, easy digital transactions over traditional methods like cash or...

US Moves to Secure Connected Car Economy by Banning Foreign Technologies
Regulation // September 25, 2024

The U.S. government’s proposed ban on connected vehicle technology from China and Russia marks a significant shift in the approach to national security and cybersecurity within the automotive sector. Once finalized, the proposed rule from the Department of Commerce would prohibit the import or sale...

Newsom Vetoes California Privacy Bill That Upped Consumer Data Control
Regulation // September 24, 2024

In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing interests in the realm of digital regulation. While he vetoed a privacy bill aimed at empowering consumers, he approved legislation...

Interviews & Exclusives
53% of Healthcare Organizations Have Automated Payment Workflows

September 19, 2024
The healthcare industry faces significant challenges with outdated payment and claims systems, which undermine financial stability and patient satisfaction. Despite the potential benefits of digital payments, the sector has been slow to adopt these innovations due to traditional practices and obstacles. A PYMNTS Intelligence report, “Pains and Gains: Conquering Healthcare’s Payment Woes,” done in conjunction […]

57% of Americans Trust Financial Institutions to Protect Their Data

September 12, 2024
Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance financial services. Recent U.S. regulatory...

Commerce Department to Release Rules on Connected Vehicles

July 23, 2024
The U.S. Commerce Department plans to unveil proposed regulations next month concerning connected vehicles, with a specific focus on critical software components manufactured in China and other nations deemed as...

Discover Global CISO on the Connection Between Security and Customer Lifetime Value

July 08, 2024
When it comes to securing payments, one can never be too safe. As digital transactions increase and technology advances at breakneck speed, so do the tactics of cyber adversaries. Within...

Quick Reads
CFPB Aims to Apply Privacy Protections to Data Brokers

September 19, 2024
The Consumer Financial Protection Bureau (CFPB) will soon propose a rule that would apply privacy protections to data brokers, CFPB Director Rohit Chopra said Thursday (Sept. 19). In remarks prepared for delivery at the Aspen Institute, Chopra said this proposed rule would give consumers more control of their own sensitive data. “By ensuring that the […]

Kiteworks Raises $456 Million to Expand Secure Data Transfer Platform

August 16, 2024
Kiteworks has secured a $456 million growth equity investment to strengthen its market position in secure data transfer and collaboration. The investment came from Insight Partners and Sixth Street Growth, the company...

Veeam Announces Splunk Extension for Monitoring Backup Infrastructure Health, Security

July 23, 2024
Veeam Software has announced the availability of a Splunk extension that allows Veeam Data Platform customers to monitor the health and security status of their Veeam backup infrastructure. With the Veeam App for Splunk,...

IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams

July 16, 2024
The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners — a group of state tax...