Some Canadian banks use digital ID verification via blockchain | SAP launches B2B solution to protect customer info | Personal data of 80M families exposed
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May 2, 2019
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[Some Canadian banks use digital ID verification via blockchain](
Some Canadian banks use digital ID verification via blockchain
(Pixabay)
Five Canadian banks are incorporating blockchain-based technology from SecureKey Technologies to verify customer identity digitally. Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Desjardins Group, Toronto-Dominion Bank and Royal Bank of Canada have included the Verified.Me system in mobile apps. [Bloomberg (tiered subscription model)]( (5/1)
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Data Security & Privacy
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[SAP launches B2B solution to protect customer info](
SAP has released a software-as-a-service platform for business-to-business marketers that enables users to allow third parties to share sensitive information, use first-party data and manage privacy compliance. The Customer Identity and Access Management platform provides "a smarter way to manage a deeply complex ecosystem while maintaining trust," says SAP Customer Data Cloud's Ben Jackson. [Marketing Land]( (5/1)
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[Personal data of 80M families exposed](
Full names, ages, marital statuses and personal incomes of 80 million American families were among the information exposed as part of a massive data breach uncovered by Israeli researchers. The database is hosted on a Microsoft cloud server, but the database's owner -- believed to be a health care, mortgage or insurance company -- is as of yet unknown. [USA Today]( (4/29), [Fortune]( (4/29), [PCWorld]( (4/29)
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- [N.J. woman accused of stealing identity to get nurse aide job]( The Press of Atlantic City (N.J.) (tiered subscription model) (4/29)
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Cyber Risk
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[Malware is still a big source of retail info theft](
Tiny, hand-crafted malware files and data point-of-sale equipment mean many retailers' systems remain vulnerable to cyber criminals stealing customers' credit-card data and personal information, according to research from Forcepoint. Systems running legacy hardware and 10-year-old software make it difficult to prevent and detect the malware. [ZDNet]( (5/1)
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By the Numbers
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[Facebook braces for fine as lawmakers unite against big tech](
A Federal Trade Commission investigation of Facebook has the social media giant bracing for a $3-5 billion fine for its failure to adequately protect users' data. Lawmakers from both the Democratic and Republican parties are uniting to introduce legislation aimed at regulating technology giants, voicing concerns about antitrust violations, manipulation of the public conversation and data privacy. [Politico]( (4/24), [CNN]( (4/24)
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Practice & Policy
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[Baystate Health faces lawsuit over Feb. phishing attack](
A phishing attack in February that exposed the information of 12,000 patients at Baystate Health in Springfield, Mass., has led to a class-action lawsuit against the provider. According to court documents, lead plaintiff Aleyda Torresis said she is at greater risk of other cybercrimes and identity theft because of the incident. [MassLive (Springfield, Mass.)]( (4/25)
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- [Wash. legislators get tougher on personal info theft]( FierceHealthIT (4/24)
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As the saying goes, the Stone Age did not end because we ran out of stones; we transitioned to better solutions. The same opportunity lies before us with energy efficiency and clean energy.
Steven Chu,
physicist
May is Asian/Pacific American Heritage Month
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