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Latest news on data protection, privacy and cybersecurity regulatory developments, data breaches and enforcement actions happening around the world.

Fintech icons on technology background showing attack on DeFi projects and finance pools

Cyber Security News

Rough Week for DeFi Projects With Attacks on Finance Pools, Rug Pulls Creating Massive Losses

August 8, 2023

DeFi projects continue to be a popular target of attack for advanced hackers, as a number of finance pools associated with Curve were hit on July 31 for a total loss of about $61 million. The attack appears to have been the result of a vulnerability found in certain versions of the Vyper programming language.

Icons of people with symbol of lock showing GDPR fine

Data Protection News

H&M Hit With €35 Million GDPR Fine for Profiling Private Lives of Employees

October 9, 2020

H&M earned the GDPR fine by creating highly inappropriate profiles of employees gleaned from one-on-one conversations which was revealed in a 2019 data leak.

Data Privacy News

TikTok Ban Requires Removal of the App From Government Devices by End of March

March 7, 2023

The White House has ordered federal agencies to remove TikTok from government devices within 30 days. The TikTok ban includes any app made by parent company Bytedance, and extends to government contractors to be implemented over a longer period of time.

Outdoor street view of Google´s Dublin office showing regulatory oversight of Privacy Sandbox by UK CMA

Data Privacy News

Google Agrees to Additional Regulatory Oversight of “Privacy Sandbox” Project; UK CMA Will Play Ongoing Role

December 6, 2021

Google's "Privacy Sandbox" project will proceed with the UK’s CMA taking a direct hand due to concerns that whatever Google develops will allow it to take an even greater share of the search advertising market.

Man forecasting a crystal ball showing the possible data breach settlement that companies could face with the record-setting FTC fine on Equifax

Cyber Security News

Equifax $700 Million Data Breach Settlement a Sign of Things to Come

July 31, 2019

Record-setting FTC fine of $700 million on Equifax data breach settlement is a warning of things to come as federal agencies step up protection of consumer data and personal information.

Cyber Security News

Ransomware Attack Reported at Insurance Giant AXA One Week After It Changes Cyber Insurance Policies in France

May 25, 2021

AXA made news earlier in the month for opting to drop ransomware payment coverage from new cyber insurance policies in France. Operations in Asia were subsequently hit by a ransomware attack.

Facial recognition technology in use showing Clearview AI violation of data protection laws

Data Privacy News

Clearview AI Facing £17 Million Fine From UK ICO Over Violation of Data Protection Laws

December 3, 2021

Clearview AI faces fresh legal trouble in the UK, where it may soon be fined for violation of the country's data protection laws and forced to delete any biometric data it has collected.

Gavel on EU flag showing the EDRi letter that highlights the disparity in GDPR enforcement actions and lack of resources to DPA

Data Protection News

EDRi Letter Highlights Disparity in GDPR Enforcement Actions, Lack of Resources Available to Some DPAs

June 12, 2020

European Digital Rights (EDRi) is highlighting a lack of resources for DPAs to enforce GDPR terms which leads to a pattern of uneven fines and actions in the privacy law.

Crypto coins on a laptop keyboard and hundred-dollar bills in neon light showing ransomware payments

Cyber Security News

Cyber Criminal Revenue Takes a Dive as Organizations Increasingly Refuse Ransomware Payments

January 25, 2023

2020 and 2021 were record years for ransomware payments at about $765 million. The take collected by ransomware operators is now down 40% to $457 million in 2022.

Hacker working on computer showing Verizon DBIR on social engineering and ransomware

Cyber Security News

Verizon DBIR 2023: Social Engineering Attacks Exploding, Ransomware Doubles in Cost

June 14, 2023

The annual Verizon DBIR provides further confirmation that attackers are showing a renewed interest in social engineering, particularly in conjunction with business email compromise (BEC) attacks. And the average financial damage of a ransomware attack has doubled and is almost certain to cost organizations at least $1 million to remediate.

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News

Rough Week for DeFi Projects With Attacks on Finance Pools, Rug Pulls Creating Massive Losses

TikTok Ban Requires Removal of the App From Government Devices by End of March

Google Agrees to Additional Regulatory Oversight of “Privacy Sandbox” Project; UK CMA Will Play Ongoing Role

Equifax $700 Million Data Breach Settlement a Sign of Things to Come

Ransomware Attack Reported at Insurance Giant AXA One Week After It Changes Cyber Insurance Policies in France

Clearview AI Facing £17 Million Fine From UK ICO Over Violation of Data Protection Laws

Cyber Criminal Revenue Takes a Dive as Organizations Increasingly Refuse Ransomware Payments

Self-Propagating Malware ChainDrop Hits Over 400 NPM Packages in Massive Supply Chain Attack

Russian Hackers Exploit Hotel Wi-Fi Networks to Compromise Microsoft 365 Accounts

Claude’s Great Escape: Anthropic AI Models Join OpenAI Agents in Hacking Their Way Out of Sandboxes

Leak of Microsoft Meeting Documents Indicates Company Is Struggling to Keep Up With Security Vulnerabilities Uncovered by Mythos