The False Claims Act (FCA) is a Civil War era law that both penalizes companies for lying about their cybersecurity protections and rewarding whistleblowers for turning in fraudsters. In 2021 the Justice Department created a new initiative to stem civil-cyber fraud. One of the beneficiaries of that is the Defense Department which has been plagued […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Houser LLP law firm specializes in taking care of high-profile financial institutions. Last May they were hacked. Ten months later they are finally notifying those high profile customers. They eventually were forced to disclose the breach to the Maine AG (among others). They said files were encrypted (AKA ransomware) and data was stolen. Data […]
Continue reading → [DISPLAY_ACURAX_ICONS]Five Eyes Agencies: SolarWinds Hackers Adopting New Tactics As businesses move to the cloud, hackers are adopting new techniques since Software as a Service providers are much better at patching than most companies are. Instead, the Russian hackers are stealing authentication tokens and using them to get access to the cloud, including creating new accounts […]
Continue reading → [DISPLAY_ACURAX_ICONS]First of all, this is not happening in the U.S. because the U.S. does not have a national general privacy law. For all of its flaws, Europe’s GDPR at least has possibility of reigning in big tech a little bit. In most parts of the world, Meta users (Facebook and Instagram) have two choices – […]
Continue reading → [DISPLAY_ACURAX_ICONS]AI. I hear that it is a thing these days. In order for that to work, companies need to have data to train their software on. Continuously new data. What better way to do that than to use the data that you already have collected from your customers. Some companies are quietly changing their privacy […]
Continue reading → [DISPLAY_ACURAX_ICONS]Regulators Going After Crypto Firms A number of crypto firms have felt the sting of regulators recently. The most recent one is Genesis Global Trading. New York’s DFS fined them $8 million and required them to surrender their license for failure to comply with money laundering and other laws. Of course, a key purpose for […]
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