Dwolla fined $100,000 for deceiving customers about data safety

Online payment platform Dwolla has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay a $100,000 fine for deceiving consumers about its data security practices and the safety of its online payment system. US-based has been operating since late 2009 and now has over 650,000 users who, in order to use the service, have to share sensitive personal and financial information with the company through its website and mobile apps. “From December 2010 … More →
from Help Net Security http://ift.tt/1nlgtyi

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