Wednesday, March 23, 2016

Consumer Financial Protection Bureau Enters the Cyber Regulatory Enforcement Arena - Data Protection Report

Consumer Financial Protection Bureau Enters the Cyber Regulatory Enforcement Arena - Data Protection Report: "Moreover, the CFPB determined that Dwolla transmitted personal information, including SSNs, financial account numbers and driver’s license numbers  in clear text. Although Dwolla began implementing secure software development practices in 2012, its Dwollalabs division did not comply with Dwolla’s security practices, and the software developer leading the division had no data security training."



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