Marriott today revealed a massive breach of personal information — possibly including payment card data — for up to 500 million guests who made reservations at hotels in the Starwood chain, which Marriott acquired in 2016.
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Thinking beyond the fallout from a cyber incident.
For payments fraud professionals, fighting fraud can seem like a marathon with a finish line that keeps moving further and further away.
Ahead of a Senate Commerce Committee hearing on consumer data privacy today, ABA in a statement submitted for the record called on lawmakers to consider the existing set of privacy laws banks adhere to when drafting new federal privacy legislation.
Banks should not expect relief from the courts when faced with losses caused by retailer negligence.
Rep. Blaine Luetkemeyer (R-Mo.) today introduced a bill that would amend the Gramm-Leach-Bliley Act to codify existing data breach notification standards for the financial services industry, including insurance providers.
The American Bankers Association joined a number of insurance trade associations in a comment letter to the National Association of Insurance Commissioners providing feedback on the NAIC’s recently proposed insurance data security pre- and post-breach checklists.
ABA and several other financial trade groups today urged the House Energy and Commerce Committee to advance legislation with the Financial Services Committee that would set strong data security standards and data breach notification requirements.