As regulators worldwide consider ways to police cryptocurrency, the U.S. reports use of crypto payments to enable illegal human and drug trafficking is on the rise. In its 80-page report “Virtual Currencies: Additional Information Could Improve Federal Agency Efforts to Counter Human and Drug Trafficking,”...
Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S. Government Accountability Office (GAO) said in a scathing report issued Thursday (June 25). The study, which analyzed $2.6 trillion in...
Knowledge-based authentication is a popular choice among merchants and FIs for convenient digital ID verification – but with data breaches becoming a regular occurrence, reliance on KBA can cost big. In this month’s Digital ID Tracker, David Temoshok, senior policy advisor at the National Institute...
After the massive Equifax data breach, a federal watchdog is warning the government against relying on credit agencies to verify the identifies of individuals using its services. A report from the Government Accountability Office (GAO) said several government departments still rely on the three major...
January 14, 2022
A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as documenting how they minimized IT systems’ collection and use of such data. In the 49-page report “Federal Financial Regulators Should Take Additional Actions to Enhance Their Protection of Personal Information,” […]
January 12, 2022
As regulators worldwide consider ways to police cryptocurrency, the U.S. reports use of crypto payments to enable illegal human and drug trafficking is on the rise. In its 80-page report...
June 25, 2020
Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S. Government Accountability Office (GAO) said...
June 17, 2019
After the massive Equifax data breach, a federal watchdog is warning the government against relying on credit agencies to verify the identifies of individuals using its services. A report from...
