The U.S. Justice Department and the Federal Trade Commission officially announced a privacy settlement with Facebook that includes a record-setting $5 billion fine. As part of the agreement, CEO Mark Zuckerberg must submit quarterly and annual reports to show that the company is in compliance with the FTC order.
Given the massive impact of the Equifax data breach, is the recently announced proposed settlement fair? One consumer advocate calls the money to be paid out by the consumer reporting agency the equivalent of a "parking ticket." Here's an analysis of the settlement's terms.
The list of laboratories and other healthcare clients affected by the data breach at American Medical Collection Agency continues to grow - as does the number of patients whose data may have been exposed. Here's the latest tally.
Former government contractor Harold Thomas Martin III has been sentenced to serve nine years in federal prison after he pleaded guilty to stealing and retaining classified and secret files and data from U.S. government agencies, including the National Security Agency and CIA.
Credit reporting giant Equifax has negotiated a proposed settlement that could reach $700 million to resolve federal and state probes into its massive 2017 data breach, as well as a nationwide class action lawsuit. The company's total post-breach tab is likely to exceed $2 billion.
The impact of the massive American Medical Collection Agency data breach continues to grow. At least two more laboratories have said their patients' data was potentially compromised by the breach. Meanwhile, court filings accuse AMCA of a lack of "cooperation and transparency" in the wake of the incident.
At a Senate committee hearing on Tuesday, lawmakers grilled a Facebook executive about the company's plans to launch a cryptocurrency. One Democratic senator said Facebook "does not respect the power of the technologies they are playing with - like a toddler who has gotten his hands on a book of matches."
Health insurer Premera Blue Cross has signed a $10 million HIPAA settlement with the attorneys general of 30 states in the wake of a 2014 data breach that exposed personal information on more than 10.4 million individuals nationwide.
When it goes into effect in 2020, the California Consumer Privacy Act will give citizens of that state greater control over their personal data. Ginger Armbruster, the chief privacy officer for the city of Seattle, believes this trend toward greater personal privacy will spread across the U.S.
Increasingly, regulators are looking to hold individual executives accountable for data breaches. This is where attorney Aravind Swaminathan steps in to represent security leaders in legal actions. What are the potential liabilities?
The latest edition of the ISMG Security Report analyzes the debate over whether the government should require technology firms to use weak encryption for messaging applications. Plus, D-Link's proposed settlement with the FTC and a CISO's update on medical device security.
D-Link has reached a proposed settlement with the U.S. Federal Trade Commission, which alleged the IoT device developer left consumers vulnerable to hackers through inadequate security practices. The terms of the settlement may serve as a warning to IoT makers to get their security checks in order.
Italy's data protection regulator has slapped a $1 million fine on Facebook for mismanaging user data and precipitating the Cambridge Analytica debacle. But that pales by comparison to the the fine that's reportedly still being weighed by the U.S. Federal Trade Commission.
A British judge has determined that an extradition hearing for WikiLeaks founder Julian Assange won't be held until next February. The U.S. is asking for the extradition so Assange can face espionage charges.
The latest edition of the ISMG Security Report features a deep dive into an analysis of the cybersecurity risks that publicly traded companies face. Plus: Was the band Radiohead hacked? And what's unusual about the proposed Premera Blue Cross breach lawsuit settlement?