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Description:
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In this episode...
The FTC is getting into providing guidance on password changes
Dwolla hit by CFPB and fined $100,000
- Who is the CFPB (Consumer Finance Protection Bureau)?
- This opening sentence is crucial: "The Consumer Financial Protection Bureau (Bureau) has reviewed certain acts and practices of Dwolla, Inc. (Respondent, as defined below) and has identified the following law violations: deceptive acts and practices relating to false representations regarding Respondent’s data-security practices in violation of Sections 1031(a) and 1036(a)(1) of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531(a), 5536(a)(1)"
- http://files.consumerfinance.gov/f/201603_cfpb_consent-order-dwolla-inc.pdf
- http://blog.dwolla.com/we-are-never-done/
FTC To Study Credit Card Industry Data Security Auditing
Bengladesh bank hackers steal ~$100M
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