Customers must be told of US bank transaction monitoring

Wednesday, 27 June 2007, 10:52 AM EST

Privacy chiefs have given Europe's banks a September deadline for alerting customers that their financial transactions could be tracked by US security agencies. Customers must be warned that even transactions within Europe could be monitored, they said.

The new rules come from the Article 29 Working Party, a committee of European data protection officials, and it has said that banks must inform customers when there is a danger that transactions could be monitored by authorities in the US.

At Out-Law.

[ Read more ]




Spotlight

What can we learn from the top 10 biggest data breaches?

Posted on 21 August 2014.  |  Here's a list of the top 10 biggest data breaches of the last five years. It identifies the cause of each breach as well as the resulting financial and reputation damage suffered by each company.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Aug 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //