![]() With those, cybercriminals don’t have to risk a time-consumer backdoor approach, they can simply log in and take what they want. Gain vital cybersecurity insights from our analysis of over 23,000 incidents and 5,200 confirmed breaches from around the worldto help minimize risk and keep your business safe. That’s advantageous, as today’s data thieves are a lot more sophisticated than they were just a few years ago, using automated tools and looking for high-quality data, things like logins and passwords. "Microsoft is clearly pitching itself as offering a full security suite, a competitive advantage as customers increasingly want a unified view of threats," said UBS analyst Karl Keirstead in a note. And, in July, it bought security threat management company RiskIQ for a reported $500 million. The company recently said its cybersecurity revenues top $10 billion per year and it has some 400,000 customers. And CrowdStrike Holdings ( CRWD) was added to the Nasdaq-100 index that same month. Palo Alto Networks ( PANW) reported better-than-expected earnings in August. The rise in ransomware and hacking incidents has put many cybersecurity companies on investor radars. Everyone needs to continue to practice good cyber-hygiene to protect themselves and their loved ones as these crimes continue to increase.” “It’s also interesting to note that the 1,111 data breaches from cyberattacks so far this year exceeds the total number of data compromises from all causes in 2020. The news of the fine comes days after it was reported that Meta had allegedly fired employees for breaking its terms of service and hijacking user accounts on the behalf of hackers.“While the total number of data breaches dropped slightly in Q3, we are only 238 data breaches away from tying the all-time record for data compromises in a single year,” said Eva Velasquez, President and CEO of the Identity Theft Resource Center. ![]() This decision was backed by the data supervisory authorities across the EU. The DPC announced on November 25 that it had found that Meta had committed “infringement of Articles 25(1) and 25(2) GDPR”, meaning that the site had not followed its obligations to include data protection by design and default in Facebook’s design.Īs a result of this, the commission said that it had “imposed a reprimand and an order requiring MPIL to bring its processing into compliance by taking a range of specified remedial actions within a particular timeframe”, a decision that “imposed administrative fines” of €265mn (US$275mn) on the company itself. ![]() It was on this basis that MPIL was investigated by the DPC alongside all other EU data supervisory authorities. Under Irish GDPR laws, companies are obligated to use both these techniques when planning projects. These cybersecurity techniques put considerations of user or customer privacy and data protection at the forefront of software development.ĭata protection by design embeds data privacy and protection features at the design phase, while data protection by default ensures that only solutions that are automatically data protection friendly are used to create user service settings. The DPC said the inquiry was concerned with “questions of compliance with the GDPR obligation for data protection by design and default”. The Facebook IDs, names, dates of birth, locations, bios and in some cases email addresses of the affected accounts were made publicly available via a post on the dark web. The inquiry was commenced on April 14 2021, after a data leak saw the personal data of 553 million Facebook users published to the internet. Ireland’s Data Protection Commission (DPC) has announced it will be imposing a €265mn (US$275mn) fine and “a range of corrective measures” on Meta Platforms Ireland Limited (MPIL), owner and operator of social media site Facebook, after an investigation into suspected data scraping on the site.ĭata-scraping refers to a technique that locates and extracts information from a source, like a social media site, and deposits it in a database.
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