Data Breach Fines: Are They Working to Boost Consumer Safety?

Despite trillions of dollars in breach fine payouts, each year the number of compromised companies and individuals with private data exposed rise. Continue reading Data Breach Fines: Are They Working to Boost Consumer Safety?

GDPR: One Year On, Lessons Learned

On May 25, 2018, the EU rolled out a new set of data privacy laws under the General Data Protection Regulation, more commonly known as GDPR. The aim of GDPR was to set a standardized level of data protection for individuals across the EU. The negotiat… Continue reading GDPR: One Year On, Lessons Learned

Most Security Pros Think Recent GDPR Fines Won’t Significantly Affect Policies

In July 2019, UK Information Commissioner’s Office (ICO) announced its intention to fine two companies for violating the European Union’s General Data Protection Regulation (GDPR). ICO began by disclosing its intention to penalize British A… Continue reading Most Security Pros Think Recent GDPR Fines Won’t Significantly Affect Policies

If the Data Breach Doesn’t Kill Your Business, the Fine Might

When you hear about a data breach in the news, it’s usually related to a major company or social media network that has been targeted. The erroneous conclusion would be that the hackers only focus on exploiting security flaws in large organizatio… Continue reading If the Data Breach Doesn’t Kill Your Business, the Fine Might

E.U.: Tech Giants Face Big Fines, 1 Hour Limit to Remove Extremist Content

The rules would apply to all hosting service providers offering services in the E.U., regardless of size, even if they’re not based there. Continue reading E.U.: Tech Giants Face Big Fines, 1 Hour Limit to Remove Extremist Content

Senators introduce bill to counter bad cybersecurity practices in credit reporting industry

Two Democratic senators introduced a bill Wednesday that would provide new regulatory powers for the Federal Trade Commission so that it can punish companies like Equifax and others in the credit reporting industry for poor cybersecurity practices. The “Data Breach Prevention and Compensation Act” by Sens. Elizabeth Warren, D-Mass., and Mark Warner, D-Va., contains plans for the creation of a “Cybersecurity Office” within the FTC to be led by a career supervisor who will be able to enforce financial penalties on rule breakers. This supervisor would need to maintain relations with the credit reporting industry as the FTC proposes future cybersecurity standards and other related regulations. The move comes in the wake of the massive data breach at Equifax in 2017, which caused the private records of more than 145 million Americans to be compromised by hackers. A subsequent investigation into the incident by the FBI showed that an outdated piece […]

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Continue reading Senators introduce bill to counter bad cybersecurity practices in credit reporting industry