Did you know? The General Data Protection Regulation (GDPR) will take affect May 25, 2018. This will affect global organizations that hold or process personal data of any European Union resident. The definition of “personal data” is much more broad than in current US compliance regulations, and penalties for non-compliance are 20 million Euros or […]
Payday Loan Network Sold Info to Scammers
The Federal Trade Commission announced this week it is suing a consumer data broker that sold payday loan application data to scammers who used the information to pull money out of consumer bank accounts. The scam brings to mind an underground identity theft service I wrote about in 2012 that was gathering its data from a network of payday loan sites.