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New York State Department of Financial Services Challenges OCC Authority on Fintech Charters

Data Matters

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 2016/679 (EU, April 27). 2016/679, Art. 12 GDPR Enforcement Tracker. 2016/679 (EU, April 27). 2016/679, Art. 12 GDPR Enforcement Tracker. 2 DLA Piper.

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Microsoft partnered with other security firms to takedown TrickBot botnet

Security Affairs

link] — Microsoft Security Intelligence (@MsftSecIntel) October 12, 2020. Trickbot has been active since 2016, at the time the authors of the author designed it to steal banking credentials. In this blog, we detail the evolution of Trickbot, associated tactics, recent campaigns, and dive into the anatomy of a specific attack.

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A consumer perspective on FinTech disruption (part 1)

CGI

Thu, 12/22/2016 - 02:16. Today’s banks are facing a number of unprecedented challenges, including the rise in financial technology (FinTech) firms. These innovative startups are focused on taking a share of bank customers, products and revenues through new digital services, and staying ahead of them is high on banks’ agendas.

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UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals

Data Protection Report

The AI update was published alongside a speech by chief executive Nikhil Rathi announcing the FCA’s plans to focus on Big Tech and Feedback Statement FS24/1 on data asymmetry between Big Tech and firms in financial services. See our update on the FCA’s plans for further detail. It states that its budget has remained static at £17.1

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EU-U.S. Privacy Shield Passes Its Third Annual Review

HL Chronicle of Data Protection

On 12 July 2016, the European Commission issued its adequacy decision concerning the Privacy Shield framework for the transfer of personal data from the EU to the U.S. Privacy Shield took place on 12 and 13 September 2019. In a nutshell, the report of the third review found that the U.S. Background. This covers most U.S.

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Who’s Behind the ‘Web Listings’ Mail Scam?

Krebs on Security

“Worldwide, Appco Group has raised hundreds of millions of pounds for some of the world’s biggest charities, delivered pay-TV and broadband services, financial services, security and many other successful marketing solutions on a diverse range of products,” the press release enthuses. That’s how we met.

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