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Security News Update for August 9, 2024

Interpol Recovers Over $40 Mill from Biz Email Compromise Attack INTERPOL has created a global stop-payment mechanism that it can use to recover funds. A company in Singapore thought they were paying a vendor. Instead they paid a hacker. INTERPOL’s Global Rapid Intervention of Payments or I-GRIP was able to recover $39 million out of […]

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Ireland Sues Twitter Over Harvesting User Data for Their AI

But everyone does it, right? The Irish Data Protection Commission asked the High Court of Ireland in Dublin to stop the social media company from using customer data to train its large language model. Twitter added a setting last month, which defaults to enabled, that allows it to use any user data to train its […]

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Meta Agrees to Pay Texas $1.4 Billion to Settle Biometric Lawsuit

The Texas Attorney General is making big headlines and while he is not running for election this year, you can count on him bringing this up next time. Meta has agreed to pay Texas $1.4 billion or about one percent of its annual revenue (plus likely a tax deduction) for using facial recognition on Texas […]

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Security News Update for Week Ending June 28, 2024

NYC’s Gotham Restaurant Forced to Close After Cyber Scam Hopefully they will be able to re-open, but for businesses, the law is much less forgiving. The ritzy Greenwich Village restaurant fell for a business email compromise attack that had it send its payroll money to what they thought was their payroll service’s “new” bank account. […]

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Security News Update for Week Ending June 14, 2024

Trump Tells Crypto Execs He Won’t Regulate Crypto if Re-elected Trump raised $12 million from crypto execs after he told them that if he is re-elected he would be the crypto-president and un/not regulate crypto. Telling people what they want to hear is always easy for politicians. He said that crypto is very important and […]

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