Consumers lost almost a billion dollars to Zelle fraud between 2017 and 2023. While that sounds like a lot, Zelle transferred over a trillion dollars last year. Zelle – officially Early Warning Services – is owned by the big banks including Wells, Chase, Bank of America and a few others. While many kinds of bank […]
Continue reading → [DISPLAY_ACURAX_ICONS]Unfortunately, this may be the only way to get some businesses to improve their cybersecurity practices. Hew York is using its regulation of financial services firms as a model to regulate the security of its 152 “General” hospitals. Those are hospitals that “provide medical or medical and surgical services primarily to in-patients by or under […]
Continue reading → [DISPLAY_ACURAX_ICONS]Regulators Going After Crypto Firms A number of crypto firms have felt the sting of regulators recently. The most recent one is Genesis Global Trading. New York’s DFS fined them $8 million and required them to surrender their license for failure to comply with money laundering and other laws. Of course, a key purpose for […]
Continue reading → [DISPLAY_ACURAX_ICONS]Okay, gonna do some local humor. What bridges are these? The first one is the Verrazzano-Narrows Bridge between Brooklyn and Staten Island. The second one is the Tappan Zee Bridge between Tarrytown (NY) and Nyack. Neither of these are a bridge too far and both of which I have traveled over many times. But New […]
Continue reading → [DISPLAY_ACURAX_ICONS]Breaches Gone Wild – Very Wild Since EU’s GDPR went into effect on May 25, 2018 – about 18 months ago – 160,000 Breaches have been reported to EU authorities. A calculator will tell you that means that people are reporting between 250 and 300 security incidents A DAY! If you think that magically, 18 […]
Continue reading → [DISPLAY_ACURAX_ICONS]The New York Privacy Act was introduced last month. Like California’s CCPA, it gives consumers more power over their data, but in addition to that, it would require companies to put their customer’s privacy before their own interests. I am sure that there will be a huge lobbying effort by special interests. While the sponsor is still […]
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