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October

9
2024
Strategy

Overcoming Data-Breach Fatigue

Another day, another notification. More than one billion personal records were potentially exposed in an alleged cyberattack against background check company National Public Data. Other 2024 breaches include AT&T, Ticketmaster and the Centers for Medicare & Medicaid Services.

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October

9
2024
Compliance

Montana’s Consumer Data Privacy Act is now in effect

On October 1, Montana became the newest state with a comprehensive data privacy law, the Montana Consumer Data Privacy Act.

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October

8
2024
Compliance

DFPI Cracks Down on Illegal Student Loan Debt Relief Practices

On September 17, the California Department of Financial Protection and Innovation (DFPI) announced enforcement actions against three student loan debt relief companies. The companies were ordered to cease unlawful practices, including charging upfront fees prior to providing services. They were also required to cancel all outstanding contracts with California consumers, issue refunds, and collectively pay $260,000 in penalties.

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October

8
2024
Industry News

Comcast says 230,000 customers affected by debt collection data breach

Comcast is warning that hackers stole the personal data of more than 230,000 customers during a ransomware attack on a third-party debt collector, according to a court filing. The bad actors targeted a Pennsylvania-based debt collection agency called Financial Business and Consumer Solutions (FBCS.)

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October

8
2024
Industry News

OCC Solicits Research on Artificial Intelligence in Banking and Finance

The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance for submission by December 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C., on June 6, 2025. Authors of selected papers will be notified by April 1, 2025, and will have the option of presenting their papers virtually.

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