With Quantcast tracking nearly 100 million websites, it’s no surprise that Adtech giants are facing GDPR regulatory scrutiny on breach of privacy based on the way they process and aggregate personal data about users.
Known for their cyber crime product which infected over 41,000 victims in financial institutions, GozNym is going out of business with their key figures across Eastern Europe charged by U.S. federal court.
It’s a fine line between “good policing” and a “police state” as San Francisco bans facial recognition technology city departments due to growing privacy concerns.
Magecart cybercrime group appears to have broaden their supply chain attacks to target more sites by going after third-party advertising vendors that works with media or entertainment websites.
Recent cloud security survey shows that even though businesses have increased their awareness on security threats, 19% still experienced a data breach, with account hijacking being the top attack method.
Recent DataGrail report shows one-third of enterprises spent more than $1 million on GDPR cost, not taking into account the opportunity cost of lost employees’ hours spent in meeting compliance.
Only 18% of businesses recently surveyed said they have comprehensive cyber insurance coverage, however the gap is not closing with only 27% of insurers having the technological capability to provide a plan to cover cyber risks.
In yet another blow to Facebook, the latest Instagram breach exposed sensitive data of at least 49 million users when an AWS database was found online without a password for at least 72 hours.
Recent Equifax downgrade surprised Wall street as it’s the first company in history to have ratings outlook downgraded due to escalating litigation and regulatory costs from 2017 data breach and increase in cybersecurity spending.
CrossFit’s decision to delete Facebook and Instagram accounts over data privacy concerns has shocked many but will it lead to more companies following suit and force Facebook to take the issue seriously?
