Credit reporting giant Equifax has negotiated a proposed settlement that could reach $700 million to resolve federal and state probes into its massive 2017 data breach, as well as a nationwide class action lawsuit. The company's total post-breach tab is likely to exceed $2 billion.
At a Senate committee hearing on Tuesday, lawmakers grilled a Facebook executive about the company's plans to launch a cryptocurrency. One Democratic senator said Facebook "does not respect the power of the technologies they are playing with - like a toddler who has gotten his hands on a book of matches."
The Ministry of Road Transport and Highways reportedly informed the Parliament that it has earned around INR 65 crore, or about $9.5 million, by providing restricted access to a database of registered vehicles and drivers to private-sector companies. Is citizens' privacy at stake?
The latest edition of the ISMG Security Report analyzes the significance of fines against British Airways and Marriott for violations of the EU's GDPR. Also featured are discussions of California's privacy law as a model for other states and the next generation of deception technologies.
George Orwell's "1984" posited a world in which Big Brother monitored us constantly via "telescreens." But thanks to our "smart" AI home assistants - from Google, Amazon and others - we're increasingly installing the monitoring equipment ourselves, and it may "hear" much more than we realize.
The data protection gloves have finally come off in Europe after GDPR enforcement began last May - the U.K.'s privacy watchdog has proposed large post-breach sanctions against British Airways and Marriott. Consider the tables now turned on firms that fail to properly safeguard personal data.
Britain's privacy watchdog says it plans to fine hotel giant Marriott $125 million under GDPR for security failures tied to a 2014 breach of the guest reservation database for Starwood, which Marriott acquired in 2016. Undiscovered until 2018, the breach exposed 339 million customer records.
Britain's privacy watchdog has proposed a record-breaking $230 million fine against British Airways for violating the EU's General Data Protection Regulation due to "poor security arrangements" that attackers exploited to steal 500,000 individuals' payment card data and other personal details.
Increasingly, regulators are looking to hold individual executives accountable for data breaches. This is where attorney Aravind Swaminathan steps in to represent security leaders in legal actions. What are the potential liabilities?
New regulations are leading enterprises to rethink how they secure customer data. At the same time, businesses are subject to more risk from their third-party partners. Chis Niggel of Okta explains how these two trends are complicating enterprise security.
The latest edition of the ISMG Security Report analyzes the debate over whether the government should require technology firms to use weak encryption for messaging applications. Plus, D-Link's proposed settlement with the FTC and a CISO's update on medical device security.
D-Link has reached a proposed settlement with the U.S. Federal Trade Commission, which alleged the IoT device developer left consumers vulnerable to hackers through inadequate security practices. The terms of the settlement may serve as a warning to IoT makers to get their security checks in order.
Last week, Chinese telecom equipment maker Huawei offered the Indian government a "no backdoor" agreement. But the government urgently needs to set up test beds to check equipment imported not only from China but also other nations to ensure their security as the nation prepares for 5G.
Italy's data protection regulator has slapped a $1 million fine on Facebook for mismanaging user data and precipitating the Cambridge Analytica debacle. But that pales by comparison to the the fine that's reportedly still being weighed by the U.S. Federal Trade Commission.