With identity theft a widespread issue in the financial services industry, banks and ARM companies are under increased pressure to ensure consumers’ sensitive identification, contact, and financial information is kept safe. In fact, a number of recent state and federal laws and regulations codify certain requirements for handling financial data. Firms in the ARM industry must adhere to a host of standards, including the Payment Card Industry Data Security Standard (PCI DSS), the financial privacy and safeguards rules in the Gramm–Leach–Bliley Act (GLBA), the FTC’s Red Flags Rule for identity theft, information security standard ISO 27002, HIPAA and the HITECH Act for the healthcare sector, and the Federal Information Security Management Act of 2002 (FISMA) for those collecting on government contracts. Auditing standard SAS 70 is also required for many in the financial services industry that use outside vendors such as debt collection agencies.

See all Topics
Person touching a mobile phone that says "Privacy" and has a picture of a lock [Image by creator maicasaa from AdobeStock]

Calif. Senate Judiciary Committee Hearing on CCPA and Data Privacy Reveals Difficulties Faced by Companies in Implementation

6 March 2019

A blackboard with x's and o's depicting a football play [Image by creator yeyen from AdobeStock]

CCPA Part II: What The CCPA Will Mean For Your Compliance Platform

28 January 2019

Image of smiling woman sitting cross-legged on a blue arm chair working on a laptop with floating words "data protection" and lots of white security icons [Image by creator Tierney from AdobeStock]

Calif.'s Second Public Privacy Forum on CCPA in Review

15 January 2019

Person touching a mobile phone that says "Privacy" and has a picture of a lock [Image by creator maicasaa from AdobeStock]

Summary of Calif. AG Public Forum on Consumer Privacy Act in San Francisco

10 January 2019

 [Image by creator blvdone from AdobeStock]

Calif. AG Seeks Input on New Consumer Privacy Act in Public Forums

8 January 2019

 [Image by creator Alexander from AdobeStock]

Marriott Data Security Breach Lessons: Why PCI Compliance Levels Matter (sponsored)

2 January 2019

 [Image by creator gustavofrazao from AdobeStock]

Sixth Annual ARM Industry Survey Finds Shift in Compliance and Security Concerns

3 May 2018

 [Image by creator daviles from AdobeStock]

PDCflow Announces Patent on Technology for Secure Payments

19 April 2018

Cyber Liability Insurance: The Growing Cost of Data in the Cloud

3 April 2018

 [Image by creator daviles from AdobeStock]

Credit Card Fraud Prevention Tips for Online Payments (sponsored)

29 March 2018


Collectors Need a Better Way to Confirm they are Speaking with the Right Person

15 March 2018

New European Union Data Protection Regs Apply to Debt Collectors, Too

27 February 2018

PCI 3.2 Updates Webinar Hosted By TECH LOCK

13 February 2018

Portions of New York DFS Cybersecurity Rules Now in Effect

31 August 2017

IT Security Best Practices Webinar

24 July 2017

PDCflow Passes Payment Card Industry Data Security Standards, renews compliance

15 June 2017

Cybersecurity Checklist for HIPAA Covered Entities

15 June 2017

 [Image by creator  from ]

TECH LOCK’S Albertson To Address Security at ARM-Industry Event

6 June 2017

 [Image by creator  from ]

TECH LOCK’s Wright to Address Data Security at NCHER Conference

5 June 2017

Ransomware Cyberattacks: How to Minimize Your Risks

31 May 2017