Issuing GDPR fines is just the first step of the process; at some point they have to be collected, and the UK ICO is struggling to do that with only a 26% success rate.
Senior Correspondent at CPO Magazine
Scott Ikeda is a technology futurist and writer for more than 15 years. He travels extensively throughout Asia and writes about the impact of technology on the communities he visits. Over the last 5 years, Scott has grown increasingly focused on the future landscape of big data, surveillance, cybersecurity and the right to privacy.
The major social media platforms have all been impacted by the "adpocalypse" from Apple's recent privacy updates. Snap has lost a full quarter of its value due to cuts to advertising revenue tied directly to a loss of access to most Apple device users.
A blast of thousands of fake emails from the FBI named security professional Vinny Troia as a criminal. Troia believes the perpetrator is affiliated with several different criminal groups and also running a “white hat” security firm in Canada.
A new ransomware reporting bill introduced to the House of Representatives proposes putting new requirements on financial institutions, some of which are likely to be controversial. Any payment of over $100,000 would require the victim to first obtain special permission from the US Treasury.
A little-known law from 1984, originally intended to discourage large cash transfers, has been repurposed as a crypto regulation and tucked into the massive US infrastructure bill.
Australia's privacy commissioner has ruled that Clearview AI has violated the privacy of the country's residents, and that means it will be forced to delete its cache of their facial recognition data.
After its infrastructure went offline in October, there was widespread speculation that the REvil ransomware group was done for good. The likelihood of that increased with last week's apprehension of affiliates along with the seizure of $6.1 million.
Robinhood, the most popular app-based trading platform for non-professional investors, has confirmed that it suffered a data breach due to a social engineering attack last week that potentially compromised millions of accounts.”
A new report indicates that ransomware costs are being cut considerably due to better preparedness. And though cyber insurance claims spiked in early 2021 due to the Microsoft Exchange vulnerability, they have been on a steep downward trend since.
There are valid reasons to have serious privacy concerns about Facebook’s new direction. The announcement of the Facebook metaverse has thus far been met with at least as much suspicion and hesitancy as it has enthusiasm.
