Post Tagged with: "data privacy"

How Much Is Illicit Bank Data Worth Online?

How Much Is Illicit Bank Data Worth Online?

by February 10, 2016 at 11:12 am 2 comments

Cyber crime sure does pay, according to a report at Intel Security blogs.mcafee.com. There’s a boom in cyber stores that specialize in selling stolen data. In fact, this is getting so big that different kinds of hot data are being packaged—kind of like going to the supermarket and seeing howRead More

8 reasons Compliance keeps bankers, Fintech upstarts “up at night”

8 reasons Compliance keeps bankers, Fintech upstarts “up at night”

by October 31, 2014 at 3:50 am 1 comment

Compliance is a big ugly problem and it’s getting worse and nobody has nailed it yet. That should have entrepreneurs salivating. Investors say, “show me compliance deals”. Bankers say, “show me a solution”. Startup founders say, “we must spend our precious cash on lawyers and regulatory experts”. Nobody loves compliance. Everybody hates compliance. So it’s […]

Your Customers’ High Cost of Privacy

Your Customers’ High Cost of Privacy

by June 5, 2014 at 11:34 am 0 comments

This writer has said numerous times that privacy is waning and dying. Partly because we have allowed it with our bazillion posts to social and partly because of the shift from print advertising to digital. During that shift, lots of creative types figured out how to figure you out andRead More

Some Banks Are Using ‘Privacy’ as an Excuse to Avoid Innovation

Some Banks Are Using ‘Privacy’ as an Excuse to Avoid Innovation

by November 8, 2013 at 3:15 pm 1 comment

Corner any banker with a question about a commitment to banking innovation and the response will be a full-throttled “Heck, yeah!” But the truth is somewhere between that and “Who cares?” What is more, there is a population of  banks that are purposefully — and I mean, purposefully — creatingRead More

Banks’ IT Spending, Driven by Data Privacy Concerns, to Top $118 Billion in 2013

Banks’ IT Spending, Driven by Data Privacy Concerns, to Top $118 Billion in 2013

by February 4, 2013 at 10:29 am 0 comments

North American banks will spend $118.6 billion on IT in 2013, according to a Jan. 31 report from UK-based Ovum Ltd. The top IT priorities for banks in 2013 are data privacy, followed by risk management and “know your customer” initiatives, according to the report. IT budgets are on the rise acrossRead More