In 2017, criminals will increasingly target consumers’ personally identifiable information data in the payments ecosystem and at financial institutions, according to the Palo Alto, Calif.-based Hewlett Packard Enterprise security experts.

“Retailers are gathering a lot of sensitive information about their customers, but all too often this data is not adequately protected,” George Rice, senior director, payments, HPE Data Security, said. He added, consumers should understand that businesses capture various meta data on every payment made; some explicit (i.e. e-commerce purchases that require name, address, phone number) and some passive (i.e. geo-location like GPS coordinates, IP address, mobile device ID, behavioral information). “Since much of this meta data is categorized as PII, it is often not protected due to uneven government regulation of PII data protection. The European Union has progressively attempted to address this issue through the passing of the General Data Protection Regulation, which some experts believe is a harbinger for similar regulation around the world in the future.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.