09/21/2016 04:15 p.m. - 05:15 p.m.
Privacy + Data Security
Adam J. Fleisher
Information security is a growing concern. Risks are especially acute for money transmitters, which may handle sensitive information such as Social Security numbers and financial account information, not to mention consumers’ funds (or virtual currency). All companies, including transmitters, must focus not only on protecting their data from malicious actors, but also on demonstrating to various state and federal regulators that they have appropriate security programs. This session will describe this regulatory landscape, with a focus on the growing role of state money transmission regulators in information security oversight. It will also address regulators' guidance, best practices, and enforcement actions, as well data security risks and challenges unique to money transmitters.
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