MAXEX, a company that develops a digital trading platform for the secondary mortgage market in the U.S., leaked 9 GB of internal documentation as well as full mortgage applications for 23 individuals. The data was released by a Swiss-based developer who apparently was unaware it was sensitive.
Ireland's Data Protection Commissioner has launched an investigation into whether Facebook's Instagram service improperly displayed the email addresses and phone numbers of minors on its platform. Facebook, Instagram's owner, could face a GDPR fine if it's found to have violated privacy requirements.
Britain's Information Commissioner's Office announced this week a dramatic reduction in its fine against British Airways for violating the EU's General Data Protection Regulation. The company will pay a $26 million fine instead of $238 million in a case tied to a 2018 breach.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Stop me if you think that you've heard this one before: The U.S., U.K. and some allied governments are continuing to pretend that criminals will get a free pass - and police won't be able to crack cases - so long as individuals and businesses have access to products and services that use strong encryption.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
Why did Cisco, one of the world's largest and most successful networking companies, have to pay more than $2.6 billion in damages? A judge found that it infringed on four patents held by network security firm Centripetal Networks.
The latest edition of the ISMG Security Report analyzes why clothing retailer H&M was hit with a hefty fine for violating the EU's General Data Protection Rule. Also featured: The coming of age of digital identities; deputy CSO at Mastercard on top priorities for 2021.
John McAfee, the founder of the cybersecurity firm that bears his name who also is a serial entrepreneur and a former presidential candidate, has been charged with federal income tax evasion. Plus, the SEC is accusing him of promoting initial virtual coin offerings without disclosing he was paid to do so.
Organizations around the world must build stronger cyber resilience programs to help ensure they can bounce back from cyberattacks, says Craig Rice, group director of cyber resilience at Aviva, a British multinational insurance firm, who describes how regulatory requirements will evolve.
Privacy regulators in Germany have slammed clothing retailer H&M with a $41 million fine for collecting and retaining private employee data in violation of the EU's General Data Protection Regulation. H&M has apologized, instituted changes and promised to financially compensate employees.
Death via a thousand paper cuts? The U.S. government hasn't been able to arrange a domestic court date for whistleblower Edward Snowden, but via the courts, it's successfully been awarded $5.2 million in his book royalties and revenue from speaking engagements.
Yevgeniy Nikulin, a Russian national who was found guilty of hacking LinkedIn and Dropbox and stealing millions of user credentials, has been sentenced to more than seven years in federal prison.
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