Facebook fined over data privacy scandal

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

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

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

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

UK’s new guidelines for becoming GDPR ready, Ireland not quite prepared yet

The Information Commissioner’s Office (ICO) in the UK has released a new set of guidelines aimed at ensuring companies are adequately prepared for the introduction of the General Data Protection Regulation (GDPR). The document states that decision makers and key members of organizations should make themselves aware of the upcoming changes in the law, and … More UK’s new guidelines for becoming GDPR ready, Ireland not quite prepared yet

ICO concerned about privacy protection on WhatsApp/Facebook

An Information Commissioner’s Office (ICO) investigation into WhatsApp’s decision to share customer data with Facebook has confirmed initial concerns that personal information is not being properly handled. The UK’s information commissioner, Elizabeth Denham, said in an official company blog that consumers have been left in the dark about this development. “I had concerns that consumers … More ICO concerned about privacy protection on WhatsApp/Facebook

TalkTalk receives record fine for security failings that resulted in 2015 cyberattack

TalkTalk has received a record £400,000 fine for cybersecurity shortcomings that contributed to 2015’s cyberattack. According to an ICO investigation, this attack could have been prevented if TalkTalk had taken basic security measures to protect customer data. Elizabeth Denham, information commissioner at the ICO, said: “TalkTalk’s failure to implement the most basic cybersecurity measures allowed … More TalkTalk receives record fine for security failings that resulted in 2015 cyberattack