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.
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.
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.
Data brokering has become a multi-billion dollar industry, with the personal data of millions across the world being accumulated and traded in the hope of driving corporate growth while promising enhanced consumer experiences.
The Consumer Financial Protection Bureau (CFPB) today sued Horizon Card Services and its CEO Robert Kane for tricking consumers into signing up for its expensive membership credit card. Horizon’s credit card, which could come with almost $300 in annual fees on a card with a $500 credit limit, could only be used to purchase goods from the company’s overpriced online store and nowhere else.
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