Tag: ICO

UK’s data watchdog hands out two mega-fines for breaches

July 10, 2019

The times they have a-changed since the ICO could only slap fines worth a fraction of the current amounts. British Airways and Marriott Starwood are facing massive fines in the United Kingdom for cyber-incidents that compromised the personal data of their customers. Yesterday, the UK’s Information Commissioner’s Office (ICO) unveiled its intention to slap a fine of … More UK’s data watchdog hands out two mega-fines for breaches

Facebook fined over data privacy scandal

July 13, 2018

Social media giant fined in the UK for failing to protect users’ personal information and for a lack of transparency. Facebook is facing its first possible financial penalty for its role in the Cambridge Analytica scandal that saw the personal data of millions of users harvested without their knowledge. The social media giant was hit with a … More Facebook fined over data privacy scandal

£120,000 fine for university after details of 20,000 staff and students exposed in data breach

May 23, 2018

The University of Greenwich has received a fine of £120,000 because of the substantial damage and substantial distress caused by a security breach that exposed the personal information of 20,000 people. It’s called “Shadow IT”, and it’s a problem that has now cost a British university £120,000 (over US $160,000) following a serious security breach. … More £120,000 fine for university after details of 20,000 staff and students exposed in data breach

South Korea moves to ban anonymous cryptocurrency trading

January 25, 2018

South Korea is banning the use of anonymous bank accounts for buying and selling virtual currencies, a move that is aimed at clamping down on crimes co-opting the currencies as well as at reining in the speculative frenzy that has gripped the country. The measure, which was in fact several weeks in coming, was announced by … More South Korea moves to ban anonymous cryptocurrency trading

Tank-traps versus trappings in virtual currencies: A cybersecurity minefield

January 10, 2018

Virtual currencies have been the talk of the town of late — including that of the ‘online town’, judging by 2017’s top-trending search terms on Google. And, in a way, rightly so, given the genuine bumper crop of events that 2017 yielded in this burgeoning – but all too often murky and muddy – field. We saw … More Tank-traps versus trappings in virtual currencies: A cybersecurity minefield