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Financial Supervision in a Digital World

Thales Cloud Protection & Licensing

A changing financial world Today’s consumers value ease of use - and payments and online financial services are no exception. Just look at the wide range of user-friendly finance apps that have sprung up recently, offering everything from payment services, to managing savings and ‘low-bar’ investing.

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BIPA Year in Review: Where Are We Now and What’s Coming Next?

Data Protection Report

Since its enactment in 2008, BIPA has been one of the most litigated privacy-related laws with some of the highest penalties. Department of Education’s Federal Student Aid Program are “financial institutions” governed by GLBA. 2022 has been a record year for Illinois Biometric Information Privacy Act (“BIPA”) litigation.

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HSBC Fined £3 Million ($5 Million) for Data Security Failings in UK

Hunton Privacy

The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers’ confidential data. The fine is the highest to date in the UK and reflects a 30% discount for cooperating with the FSA.