20th July 2018
Hong Kong’s securities regulator has hit HSBC’s Asia unit with a HK$9.6 million (US$1.2m) penalty for systematic deficiencies in its bond selling practice, which included compliance failings. The Securities and Futures Commission (SFC) found that when selling bonds to clients, HSBC Broking Securities (Asia) failed to conduct proper and adequate… Read More
19th July 2018
AP — British authorities looking into inappropriate use of data gathered by political consultant Cambridge Analytica from millions of Facebook users say some of the systems that accessed the material appear to be in Russia or a group of former Soviet states. The Information Commissioner’s Office,… Read More
18th July 2018
The European Union reached a deal on Tuesday allowing businesses to seamlessly transfer personal data between the bloc and Japan, deepening economic links as the two sides also agree a free-trade pact. The EU and Japan concluded several years of data talks in Tokyo in the margins of a bilateral… Read More
18th July 2018
AP – In the first known case of its kind, U.S. drug agents supplied unwitting cocaine-trafficking suspects in California with smartphones they thought were encrypted but had been rigged to allow eavesdropping, Human Rights Watch reported Friday. The advocacy group said it feared the technique could be… Read More
16th July 2018
AP — Microsoft is calling on Congress to regulate the use of facial recognition technology to protect people’s privacy and freedom of expression. It’s the first big tech company to raise serious alarms about an increasingly sought-after technology for recognizing a person’s face from a photo or… Read More
11th July 2018
AP — The chairman of the U.K. Parliament’s media committee says the government office that investigated the Cambridge Analytica scandal has fined Facebook 500,000 pounds ($663,000) for failing to safeguard users’ data. Damian Collins said the Information Commissioner’s Office concluded that Facebook “contravened the law by failing… Read More
9th July 2018
AP — President Vladimir Putin on Friday called for closer international cooperation in fending off cyberattacks. Addressing a cybersecurity conference in Moscow, Putin said it’s important to develop common cybersecurity standards that take into account interests of all nations. He noted that cyberthreats have mounted around the world. “Cyberthreats… Read More
29th June 2018
A workers union said it had warned Britain’s TSB about possible problems with the roll-out of its new IT system, which locked thousands of customers out of their accounts and plunged the bank into crisis when it launched in April. TBU, a union representing over 4,000 TSB staff, said the… Read More
27th June 2018
Chinese telecommunications equipment maker Huawei Technologies Co Ltd [HWT.UL] is the biggest corporate sponsor of overseas travel for Australian politicians, according to an analysis of travel disclosure registers by an Australian think-tank. The report comes as several politicians have called for Huawei to be banned from participating in a roll-out… Read More
27th June 2018
AP — California state senators advanced a last-minute internet privacy bill Tuesday ahead of a deadline while acknowledging it would need changes if it becomes law. The bill would let consumers ask companies what personal data they collect and opt out of having their data sold, among… Read More