Equifax Agrees to Pay UP TO $700 Million to Settle Breach Lawsuits First – the settlement hasn’t been agreed to by the court yet, so this is all speculation. Of the $700 million pot, at least $300 million is set aside to pay damages to consumers. Another $100 million plus is to pay for credit […]
Continue reading → [DISPLAY_ACURAX_ICONS]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]FBI and DHS Raid State Driver’s License Database Photos The FBI and DHS/ICE have been obtaining millions of photos from state DMV driver’s license databases. The FBI and DHS have do not feel that they have ask permission to do this. The FBI conducts 4,000 facial recognition searches a month. While the searches might be […]
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]In the absence of the federal government doing anything useful when it comes to cybersecurity or privacy laws, the states are left to their own ways to implement a patchwork of laws. Here is what they are doing right now. The impact rating is my own. Illinois SB 1624 – This bill requires businesses that […]
Continue reading → [DISPLAY_ACURAX_ICONS]The New York Privacy Act was introduced last month. Like California’s CCPA, it gives consumers more power over their data, but in addition to that, it would require companies to put their customer’s privacy before their own interests. I am sure that there will be a huge lobbying effort by special interests. While the sponsor is still […]
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