Banks Data Privacy

Banks are held responsible for protecting the data privacy of their customers. Banks often are in charge of thousands of documents, such as mortgage documents, loan forms, and customer information, which requires a high level of concealment. Banks should assess their data processes and review privacy practices to see if buying redaction software will secure personally identifiable information. Please, see the articles below on banks’ data privacy.

January 06, 2023 | 4 minutes read

What is the Payment Card Industry Data Security Standard?

The PCI-DSS is the primary financial and IT privacy standard that regulates the collection and processing of cardholder data around the world.

November 08, 2022 | 4 minutes read

The Payment Application Data Security Standard (PA-DSS)

The PA-DSS refers to a set of requirements that are geared toward aiding software vendors in maintaining secure payment applications.

August 18, 2022 | 4 minutes read

The PCI-DSS 4.0, New Financial Standards for Businesses

The PCI-SSC recently published version 4.0 of the PCI-DSS on March 31, 2022, with the goal of providing consumers with more payment security.

February 16, 2022 | 4 minutes read

New Data Breach Legislation in the State of New Mexico

N.M. Stat. §§ 57-12C-1 – 57-12C-12 is a data breach notification and personal privacy law that was passed in the U.S. state of New Mexico in 2017.

February 02, 2022 | 4 minutes read

Security Breach Legislation in the State of Oklahoma

Oklahoma’s Security Breach Notification Act is a data breach notification law that was passed in the U.S. state of Oklahoma in 2008.

December 09, 2021 | 4 minutes read

A New Federal Standard for Banking within the U.S.

The 1913 Federal Reserve Act is a federal law that was passed by the U.S. Congress in 1913 for the purpose of establishing the Federal Reserve System.

August 18, 2021 | 7 minutes read

How Do Data Breaches Occur and How Can I Prevent Them?

A data breach is defined as an incident that exposes some form of confidential or protected information. Data breaches can occur in a number of different ways.

July 06, 2020 | 7 minutes read

How Banks Improve Efficiency with Redaction Software

According to the Information Commissioner’s Office, businesses including banks have a responsibility to comply with the law, including the use of redaction techniques to protect third-party privacy and facilitate the fulfillment of legitimate SARs and FOIA requests.

January 29, 2020 | 10 minutes read

Financial Institutions and the Impact of New Privacy Regulations

Privacy laws impact all businesses. The GDPR and CCPA set standards for data protection. Companies must comply, use privacy audits, and protect sensitive data, including redacting personal data when needed, to maintain trust and avoid penalties.