Facebook’s Latest Privacy FAIL Costs Company $550M

Facebook has settled a class-action in Illinois for $550 million. It’s alleged that the social network’s face-recognition algorithms are illegal in the Prairie State.
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Facebook settles facial recognition lawsuit for $550 million

Facebook will pay $550 million to settle a class action lawsuit in which users accused the social media giant of using facial recognition software in a way customers hadn’t authorized, marking a win for U.S. privacy advocates who have used state laws to curb data collection. The settlement ends a suit in which customers alleged Facebook’s “Tag Suggestions” service, which recommends the names of people users can tag on their photos. The case accuses Facebook of breaking privacy law in Illinois by mining information about people in Illinois without their consent, then failing to disclose how long that data would be stored. Facebook has refuted allegations of wrongdoing in this case. The company disclosed the settlement Wednesday during its quarterly financial report, in which executives reported that revenue had risen 25% to $21.1 billion in the fourth quarter of 2019. Of the $550 million, individuals attached to the lawsuit can […]

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Continue reading Facebook settles facial recognition lawsuit for $550 million

Facebook to Pay $550M to Settle Class Action Case Over Facial Recognition

The settlement in a case over the social network’s Tag Suggestions feature is the latest financial blow the company has taken over its handling of user privacy. Continue reading Facebook to Pay $550M to Settle Class Action Case Over Facial Recognition

Facial recognition firm sued for scraping 3 billion faceprints

A potential class action says Clearview AI is breaking biometrics privacy law by ransacking social media so police can match photos with IDs. Continue reading Facial recognition firm sued for scraping 3 billion faceprints

More authentication and identity tech needed with fraud expected to increase

The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for the majority of banks. FICO recently conducted a survey with banks in the reg… Continue reading More authentication and identity tech needed with fraud expected to increase

Facial recognition is real-life ‘Black Mirror’ stuff, Ocasio-Cortez says

“People think they’re going to put on a cute filter and have puppy dog ears, and not realize that that data’s being collected.” Continue reading Facial recognition is real-life ‘Black Mirror’ stuff, Ocasio-Cortez says

Cybersecurity Trends to Watch in 2020

Cybersecurity and infosec are constantly evolving. Today, organizations are doing everything in their power to harden their defenses, protect their internal networks, and secure data from increasing internal and external threats. The need to be ahead o… Continue reading Cybersecurity Trends to Watch in 2020