Stolen Bybit Funds Laundered at Alarming Speed The recent security breach at Bybit has sent shockwaves through the cryptocurrency community, with the hacker managing to launder over half of the stolen Ethereum in record time. This brazen act has not only highlighted the vulnerabilities in the digital asset space but has also raised concerns about […]
Study reveals rising cyber risks for manufacturing firms due to IT/OT systems convergence
Rising Cyber Risks in Manufacturing Firms: The Convergence of IT/OT Systems Exposes Vulnerabilities In the realm of manufacturing, the convergence of Information Technology (IT) and Operational Technology (OT) systems has become a double-edged sword. While this integration promises increased efficiency, automation, and connectivity, it also opens the door to a host of cyber risks. A […]
South African weather service hit by cyberattack, affecting critical operations
South African Weather Service Faces Cyberattack: Impact on Critical Operations The recent cyberattack on the South African Weather Service has sent shockwaves through the meteorological community, disrupting vital operations and services. This malicious intrusion into the agency’s online systems has not only hampered their ability to provide accurate weather forecasts but has also raised concerns […]
New proposals to protect UK businesses from ransomware attacks
Protecting UK Businesses: Government Proposals to Safeguard Against Ransomware Attacks In a world where digital threats loom large, the UK government is stepping up to the plate with new proposals aimed at safeguarding businesses, hospitals, railways, and public services from the growing menace of ransomware attacks. With cybercriminals becoming increasingly sophisticated in their tactics, these […]
Hong Kong Limits Messaging App Use Among Civil Servants to Enhance Cybersecurity
In a significant move aimed at strengthening data security, the Hong Kong government has decided to restrict civil servants from using popular messaging platforms such as WhatsApp and WeChat on work computers. This new directive is part of an updated IT security guideline enacted by the Digital Policy Office, a measure designed to mitigate rising […]
Indian Court Orders Star Health to Assist in Preventing Data Leak
In an unprecedented move, an Indian court has mandated Star Health, the country’s largest health insurer, to cooperate with Telegram to identify chatbots implicated in a significant data leak. This order arises from a recent incident where a hacker disclosed sensitive customer data, including medical and tax documents, via Telegram chatbots, raising substantial concerns about […]
LinkedIn Faces €310 Million Fine for Data Violations
LinkedIn is facing a hefty fine of €310 million imposed by European Union regulators for breaching stringent data privacy regulations. This action highlights ongoing scrutiny of tech companies, particularly regarding their handling of personal information. The fine originated from an investigation initiated by Ireland’s Data Protection Commission (DPC), which serves as LinkedIn’s lead privacy regulator […]
CFPB Introduces New Regulations to Enhance Open Banking and Consumer Data Control in the US
The United States Consumer Financial Protection Bureau (CFPB) has taken a significant step forward by introducing new regulations aimed at enhancing open banking and granting consumers greater control over their financial data. These developments promise not only to bolster consumer rights but also to foster a more competitive financial marketplace. Open banking represents a shift […]
Ireland Launches EU-Wide Investigation into Ryanair's Use of Facial Recognition Technology
In recent developments, Ireland’s Data Protection Commissioner (DPC) has initiated an EU-wide investigation into Ryanair’s implementation of facial recognition technology during the customer booking process via third-party websites. This move comes on the heels of numerous complaints from Ryanair customers across Europe regarding the airline’s additional verification steps when bookings are made through online travel […]
CJEU Ruling: Meta's Data Use for Targeted Ads Must Now Conform to GDPR Standards
In an era where personal data drives advertising strategies, the recent ruling by the Court of Justice of the European Union (CJEU) carries profound implications for how companies like Meta, formerly known as Facebook, will manage user data. This decision stems from a complaint lodged by notable data privacy advocate Max Schrems, which highlighted breaches […]