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September

18
2024
Compliance

AT&T to Pay $13 Million in Settlement Over 2023 Data Breach

The incident, disclosed in March 2023, was the result of a cyberattack at a third-party vendor and resulted in the compromise of customer proprietary network information (CPNI) pertaining to roughly nine million AT&T customers.

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September

18
2024
Industry News

DFPI Announces Enforcement Actions Against Student Loan Debt Relief Companies, Secures Consumer Refunds and Penalties

The California Department of Financial Protection and Innovation (DFPI) announced today it has taken enforcement actions against three companies to prevent them from unlawfully charging fees for student loan debt relief services to California consumers before any actual work has been performed.

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September

17
2024
Strategy

Memo to Lenders: Go Digital or Go Home

The benefits of swapping analog, manual processes for digital ones are obvious. But that doesn’t mean they don’t bear repeating — especially against a backdrop of fierce demand for streamlined, efficient and customer-friendly financial processes.

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September

17
2024
Trends

New Study from Osterman Research and OPSWAT Finds 80% of Organizations Experienced an Email-Related Security Breach in the Last Year

OPSWAT, a global leader in critical infrastructure protection (CIP) cybersecurity solutions, today released the 2024 Report: Email Security Threats Against Critical Infrastructure Organizations. This research was conducted with Osterman Research, known for its in-depth analysis and insights into emerging trends and technologies in IT security and data management. The study surveyed IT and security leaders working within critical infrastructure industries and revealed that 80% of organizations experienced an email-related security breach over the past year and 63.3% of respondents acknowledge that their email security approach needs to be improved.

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September

17
2024
Compliance

The CFPB Continues to Reshape Consumer Protection in the Digital Arena

On August 28, the CFPB issued a Consumer Advisory warning that it believes video game companies are targeting children for monetary gain. With 45.7 million U.S. children engaged in video gameplay, the agency is concerned about the financial risks that games and virtual worlds pose, especially to young consumers. This Advisory highlights a growing focus on the game industry’s practices, which allegedly mimic traditional banking systems but lack corresponding consumer protections.

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