The Cybersecurity Law Report

Incisive intelligence on cybersecurity law and regulation

Articles By Topic

By Topic: Payment Technology

  • From Vol. 4 No.5 (Mar. 14, 2018)

    FTC Enters Into Stiff Settlement With PayPal for Venmo’s Deceptive Practices, but Eases up on a 2009 Sears Order 

    A pair of recent FTC orders demonstrate that despite aggressive action against businesses deemed to have made false or deceptive disclosures on privacy and cybersecurity matters, the Commission is also open to a more nuanced approach to disclosure and is willing to reconsider existing consent orders when circumstances change. This article analyzes (1) the recent settlement order with PayPal, whose Venmo unit misled users about the privacy of transactions and the availability of their funds and (2) the Order Reopening and Modifying a 2009 Order, which does away with a requirement that Sears make extensive disclosures on its mobile apps about how it tracks certain web browsing. See “Lessons and Trends From FTC’s 2017 Privacy and Data Security Update: Enforcement Actions (Part One of Two)” (Jan. 31, 2018).

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  • From Vol. 2 No.21 (Oct. 19, 2016)

    Finding the Best Ways to Secure Digital Transactions in a Mobile World 

    Technology is trying to keep up with the pace of consumers’ mobile transactions. Companies are trying to give consumers convenience while ensuring their financial and personal data security. In a guest article, David Poole, business development director at MYPINPAD, explains that while methods such as biometrics, machine learning, passwords and PINs each offer benefits to companies and consumers, there is a need to not only improve processes of authentication but also combine these methods to ensure the most secure exchanges. See “How to Secure Evolving Mobile Technology and the Data It Collects (Part One of Two)” (Jul. 29, 2015); “Navigating the Evolving Mobile Arena Landscape (Part Two of Two)” (Aug. 12, 2015).

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  • From Vol. 2 No.10 (May 11, 2016)

    Privacy Concerns in a Cashless Society

    How will individual privacy hold up in a cashless society? As payment technology brings us closer to a world where cash is scarce, concerns about how non-cash payments can be tracked, and how secure they are, proliferate. The Cybersecurity Law Report spoke to Christoph Tutsch, founder and CEO of ONPEX, a Munich-based online payment exchange, and David Navetta, a partner and U.S. co-chair of Norton Rose Fulbright’s data protection, privacy and cybersecurity practice group, about what privacy would look like in a cashless society, and how the government might be the key to a more secure system. See also “How Companies Are Preparing for the Imminent Liability Shift for Counterfeit Credit Cards” (Jun. 3, 2015).

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  • From Vol. 1 No.10 (Aug. 12, 2015)

    How the Hospitality Industry Confronts Cybersecurity Threats that Never Take Vacations

    Technology offers travelers the convenience they value – such as software that recalls a frequent traveler’s preferences, room key cards that act as charge cards at resort restaurants, stores and more.  However, these amenities come with risks to the travelers (as well as responsibilities for the company offering the convenience) relating to the collection of sensitive data.  In this interview with The Cybersecurity Law Report, Eileen Ridley, a partner at Foley & Lardner, discusses the hospitality industry’s specific data privacy and cybersecurity challenges, and offers best practices in the collection, storage and protection of the increasing amount of personal data these companies are holding.

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  • From Vol. 1 No.5 (Jun. 3, 2015)

    How Companies Are Preparing for the Imminent Liability Shift for Counterfeit Credit Cards

    Traditionally, credit card companies have taken the hit when a counterfeit card is used for a point-of-sale transaction, but as of October 1, 2015, MasterCard and Visa are shifting the risk onto the issuers and merchants for counterfeit card transactions if the issuers and merchants have not switched to chip card technology.  This change, while an improvement, still will not bring the U.S. current with the international marketplace, which uses the more secure “chip-and-PIN” method.  This article explores the chip technology involved in the liability shift and its strengths and weaknesses, as well as how affected companies are preparing for the liability shift, and for improved technology that may follow soon.

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