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Poshmark Experiences Non-Financial Data Breach

PYMNTS

The fashion marketplace company said the information does not include physical addresses or financial data, according to a web post. The company said in the post, “We take the trust you have placed in us extremely seriously, and since learning of this incident, we’ve expanded our security measures even further.

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Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

In financial services, demand for ease of use and security are sky-high, even for business customers. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena.

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Technology Safeguarding The Age-Old Practice Of Financial Data Sharing

PYMNTS

The approach to financial services for consumers and businesses is quite vast, but across the spectrum, access to and management of financial data is a critical component. Finicity , a company built for financial data aggregation, is jumping into the conversation.

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Industry Calls For Data-Sharing Framework To Enhance Security

Global Finance

However, due to existing privacy laws and regulations, banks remain hesitant to share financial data. If data is shared, it is done via lateral agreements. While the benefits of data sharing are significant, it’s crucial to address the privacy concerns associated with handling sensitive information.

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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.