2nd November 2018
A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards. Senator Ron Wyden released a draft of legislation that would grant the Federal Trade Commission authority to write privacy regulations. Read More
31st October 2018
Switzerland’s Federal Tax Administration (FTA) exchanged the details of 2 million financial accounts in its first year of participating in the global standard on the automatic exchange of information (AEOI). The FTA said it sent information on around 2 million financial accounts to the partner states and received information in… Read More
29th October 2018
Britain’s Information Commissioner’s Office has increased the total value of fines in the past year, which was marked by a number of penalties being issued to high profile firms. The average value of its fines doubled to reach £146,000 and the total value of the fines rose to just below… Read More
26th October 2018
International Airlines Group (ICAG.L) said an investigation into the theft of customers’ data at its British Airways unit showed hackers may have stolen the personal information of a further 185,000 customers. British Airways apologised in September after the credit card details of hundreds of thousands of its customers were stolen… Read More
26th October 2018
AP — British regulators slapped Facebook on Thursday with a fine of 500,000 pounds ($644,000) — the maximum possible — for failing to protect the privacy of its users in the Cambridge Analytica scandal. At the same time, European Union lawmakers demanded an audit of Facebook… Read More
18th October 2018
AP — It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field. Shanghai Hongqiao… Read More
17th October 2018
AP — Global credit card and payments companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement to store transaction data for all Indian customers within the country. A new rule took effect Tuesday that directs payment companies to store all… Read More
16th October 2018
AP — The nation’s second-largest health insurer has agreed to pay the government a record $16 million to settle potential privacy violations in the biggest known health care hack in U.S. history, officials said Monday. The personal information of nearly 79 million people — including names, birthdates, Social Security… Read More
15th October 2018
Estonia plans an independent inquiry into alleged money laundering in the country from 2007 to 2015, a finance ministry spokeswoman said on Friday. – Reporting by Tarmo Virki, Reuters, 12 September 2018. Link to Reuters. Read More
11th October 2018
AP — Switzerland’s high court has upheld the acquittal of a former bank accountant who handed over confidential client information to WikiLeaks, ruling Wednesday he wasn’t bound by the country’s strict banking secrecy laws at the time. The Federal Tribunal validated a ruling by Zurich’s regional supreme court in… Read More