Reputation

Irish Regulators Fine Facebook $414 Million for Forcing Users to Accept Targeted Ads
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Irish Regulators Fine Facebook $414 Million for Forcing Users to Accept Targeted Ads

In what might be a severe blow to its ad-fueled business model, the Irish Data Protection Commission (DPC) fined Meta Platforms €390 million (approximately $414 million) over its management of user data for displaying tailored adverts. To that end, the privacy watchdog has mandated that Meta Ireland pay two fines: one of €210 million ($222.5 million) for violating Facebook's General Data Protection Regulation (GDPR) and the other of €180 million ($191 million) for violating Instagram's GDPR. Concerns that the social media business used its Terms of Service to coerce users into allowing targeted advertising based on their online activities led to the current crackdown. On May 25, 2018, the region's implementation date for GDPR, the complaints were made read the complete article Irish...
President Joe Biden Signs Quantum Computing Cybersecurity Act
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President Joe Biden Signs Quantum Computing Cybersecurity Act

The Quantum Computing Cybersecurity Preparedness Act, which U.S. President Joe Biden signed into law last month, addresses the transition of federal agency systems to post-quantum cryptography (PQC), which is more resistant to attacks from quantum computers. The law mandated that the post-quantum cryptography migration be given top priority by the Office of Management and Budget (OMB) no later than a year following the publication of post-quantum cryptography standards by the National Institutes of Standards and Technology (NIST), which is anticipated to happen by 2024. It also urged OMB to report on ongoing coordination efforts with international standards development groups for PQC standards and to submit a plan to mitigate the security risk posed by agency information technology...
Social media changes that shook the world in 2022
Events, Reputation, Resources

Social media changes that shook the world in 2022

In 2022, social media has literally taken over the globe. The Datareportal July 2022 worldwide overview states that 59% of the world's population now uses social media, with an average daily online time of 2 hours and 29 minutes. In addition, more people are becoming selective about their preferred method of staying in touch with friends and up to date on current events, including WeChat, Instagram, and Twitter. "In 2022, social media played a major role. According to Carlos Barros, Director of Marketing at Epos Now, "It was both an extraordinarily powerful tool and a double-edged sword, capable of stirring up both positive and negative emotions, as well as allowing people to instantly distribute crucial news or generate discourse about critical themes read the complete article Soci...
Twitter bans 48,624 accounts for policy violations in India
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Twitter bans 48,624 accounts for policy violations in India

Let's know why Twitter bans 48624 accounts for policy violations in India. Between October 26 and November 25, Elon Musk's Twitter suspended 45,589 accounts in India for encouraging non-consensual nudity and child sexual exploitation. The microblogging site, which is undergoing some changes under its new owner, has deleted 3,035 accounts for encouraging terrorism in the nation on its platform. In total, throughout the reporting period in India, Twitter banned 48,624 accounts. According to Twitter's monthly report submitted in accordance with the new IT Rules, 2021, it received 755 complaints from users in India during the same time period and responded to 121 of those URLs. These include court orders that are accompanied by complaints made by specific users read the complete arti...
Will the Crypto Crash Impact Cybersecurity in 2023?
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Will the Crypto Crash Impact Cybersecurity in 2023?

One of the obvious issues for individuals in the cybersecurity industry is how this quick decrease in cryptocurrency valuations will impact the cybercrime economy, especially with the implosion of the FTX exchange placing a punctuation point on the cryptocurrency crash of 2022. Cybercriminals have utilized and misused cryptocurrency to expand their empires during the most recent cryptocurrency boom and even earlier. Ransomware's extortionate distribution channel is the cryptocurrency market, which is also a haven for consumer-targeted schemes aimed at stealing their wallets and accounts. In the past, it has offered a lot of anonymous cover for money laundering at the heart of a variety of cybercrime operations read the complete article Will the Crypto Crash Impact Cybersecurity in ...
The Threat of Predictive Policing to Data Privacy and Personal Liberty
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The Threat of Predictive Policing to Data Privacy and Personal Liberty

Predictive policing has a plotline that is reminiscent of Minority Report. It's a very real process, though, and it mainly depends on information gathered and shared by RELX and Thomson Reuters, two of the biggest data brokers in the United States. When we discuss big data, we frequently highlight organisations like Amazon, Equifax, Experian, Google, and Meta (formerly known as Facebook). The majority of these businesses use commercial data for marketing initiatives, corporate decisions, product insights, and financial considerations. Thomson Reuters and RELX do business quite differently. These data juggernauts serve as a middleman for libraries, scientists, big businesses, and law enforcement read the complete article The Threat of Predictive Policing to Data Privacy and Personal Lib...
APT Hackers Turn to Malicious Excel Add-ins as Initial Intrusion Vector
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APT Hackers Turn to Malicious Excel Add-ins as Initial Intrusion Vector

Since Microsoft decided to by default disable Visual Basic for Applications (VBA) macros for Office files received from the internet, threat actors have been forced to adapt their attack chains. The use of Excel add-in (.XLL) files as an initial attack vector by advanced persistent threat (APT) actors and commodity malware families is now on the rise, according to Cisco Talos. Weaponized Office files distributed through spear-phishing emails and other social engineering assaults continue to be one of the most popular entry points for criminal organizations seeking to run harmful code. Typically, these documents ask the victims to enable macros in order to view seemingly innocent material, only to trigger the malware's stealthy background execution read the complete article APT Ha...
Researchers Warn of Kavach 2FA Phishing Attacks Targeting Indian Govt. Officials
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Researchers Warn of Kavach 2FA Phishing Attacks Targeting Indian Govt. Officials

A new, specifically targeted phishing campaign has focused on the Kavach two-factor authentication system, which is utilised by Indian government employees. The activity was called STEPPY#KAVACH by the cybersecurity company Securonix, which attributed it to the threat actor SideCopy based on tactical similarities to other operations. In a recent report, Securonix researchers Den Iuzvyk, Tim Peck, and Oleg Kolesnikov stated that ".LNK files are used to commence code execution which finally downloads and runs a malicious C# payload, which operates as a remote access trojan (RAT)". According to reports, the hacking group SideCopy, which has been active at least since 2019, has connections to Transparent Tribe, another actor (aka APT36 or Mythic Leopard) read the complete article Kav...
Facebook to Pay $725 Million to settle Lawsuit Over Cambridge Analytica Data Leak
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Facebook to Pay $725 Million to settle Lawsuit Over Cambridge Analytica Data Leak

In order to resolve a protracted class-action lawsuit started in 2018, Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has agreed to pay $725 million. The legal issue arose in response to disclosures that the social media behemoth had permitted Cambridge Analytica and other third-party apps to access users' personal information for political advertising without their consent. The planned settlement, which was originally reported by Reuters last week, is the most recent fine that the corporation has had to pay as a result of numerous privacy-related incidents over the years. It still needs to be approved by a federal judge in the U.S. District Court's San Francisco division read the complete article Facebook to Pay $725 Million to settle Lawsuit Over Cambridg...
France Fines Microsoft $64m for Imposing Ad Cookies to its Bing Users
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France Fines Microsoft $64m for Imposing Ad Cookies to its Bing Users

The Commission nationale de l'informatique et des libertés (CNIL), France's digital privacy watchdog, stated on December 22, 2022 that it had fined US tech giant Microsoft €60 million ($64 million), its largest fine of the year, for using advertising cookies. The CNIL discovered that Bing, a search engine owned by Microsoft, did not have a system in place that would have allowed users to reject cookies as easily as they might have accepted them, as required by the EU's general data protection rule (GDPR). The regulator added that after looking into the matter, it discovered that "cookies were put on users' terminals when they visited [Bing] without their authorization, and these cookies were utilised, among other things, for advertising reasons." Bing stated that users could accept ...