FTC Approves $5 Billion Fine for Facebook The FTC commissioners reportedly approved an approximately $5 billion fine of Facebook for violating the 2011 consent decree in conjunction with the Cambridge Analytica mess. To put that in perspective, Facebook’s revenue just for 4th quarter of last year was $16.9 billion and their profit for that quarter […]
Continue reading → [DISPLAY_ACURAX_ICONS]In one research report researchers have discovered Magecart attacks affecting 17,000 web domains including some in the Alexa Top 2000. You may remember that Magecart is what took down British Airways and likely caused them to be fined 183 million Pounds by the UK Information Commissioner’s Office. Magecart is not a single hacker or even […]
Continue reading → [DISPLAY_ACURAX_ICONS]When GDPR first went into effect in May 2018, people talked about horror stories of fines to the tune of 4% of a company’s total global revenue. Then reality hit and there were no fines or tiny fines. Or so it seemed. The problem with regulators is that it always takes them a while. Legitimately, […]
Continue reading → [DISPLAY_ACURAX_ICONS]The message this administration has been delivering over the last two-three years is less regulation; less controls. So what, exactly, is the FTC doing? Are they going off the reservation or is there a plan here? My guess is that there is a plan. Last week the FTC whacked DealerBuilt, a service provider that provides […]
Continue reading → [DISPLAY_ACURAX_ICONS]More Information on the Baltimore Cyberattack Baltimore estimates that it will wind up spending $18 million to recover from the cyberattack – which is why many organization just pay the ransom. The attackers only wanted $103,000 or less than 1 percent of what they are going to spend. Of course, if an organization does that, […]
Continue reading → [DISPLAY_ACURAX_ICONS]And it continues to be a major issue for some reason. This week researchers found 85 gigabytes of security log data (talk about a nightmare for a business to expose that) in an elastic search database. The server was discovered on May 27th and the data goes back to April 19th, so that might be […]
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