European police have shuttered Bestmixer.io, considered one of the largest underground money laundering websites for cryptocurrencies used in connection with criminal activities, including ransomware attacks.
It's been nearly seven years since HSBC was fined $1.9 billion by U.S. authorities for money laundering violations involving international drug cartels. But Everett Stern, the former employee who blew the whistle on the bank, continues to tell his story because he believes similar criminal activity is ongoing.
European privacy authorities have received nearly 65,000 data breach notifications since the EU's General Data Protection Regulation went into full effect in May 2018. Privacy regulators have also imposed at least $63 million in GDPR fines.
Health insurers and financial institutions across Australia are in the final stretch of preparing for a cybersecurity regulation that looks to put companies on a strong footing amidst an increasingly hostile hacking environment. Here's why compliance with the regulation, CPS 234, is challenging.
Canada's privacy commissioner says Facebook violated its privacy laws by failing to protect users' personal data. The commissioner plans to take Facebook to federal court for allegedly refusing to implement recommendations to strengthen its privacy framework.
Nearly one year after the EU's new privacy law came into effect, the U.K.'s National Cyber Security Agency continues to assist organizations that suffer cybersecurity attacks. Both NCSC and law enforcement agencies this week emphasized that they will never report breach victims to privacy watchdogs.
Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud still has a long way to go. He'll be the keynoter at ISMG's Fraud and Breach Summit in Chicago on May 14.
Shortly after a massive data breach affected up to 50 million accounts last September, Facebook didn't believe the incident needed to be reported under Australia's mandatory breach notification law. While Facebook voluntarily notified all users, emails show the company initially underestimated the breach.
Nearly 10 months after the beginning of enforcement of the EU's GDPR privacy regulation, organizations around the world are still learning plenty of compliance lessons - including how to locate all personal data so it can be protected, according to regulatory experts on a panel at RSA Conference 2019.
Ireland's privacy watchdog has its eye on Facebook. Ten of the 15 major investigations that the Data Protection Commission launched since the EU's tough new privacy law, GDPR, went into full effect in May 2018 are focused on Facebook.
The Federal Trade Commission is reportedly negotiating a settlement with Facebook that includes a multibillion dollar fine for its privacy failures. But the social network is alarmed about the proposed settlement agreement's terms and conditions, The Washington Post reports.
Since the EU's GDPR went into full effect, European data protection authorities have received over 59,000 data breach reports, with the Netherlands, Germany and the U.K. receiving the greatest number of notifications, according to the law firm DLA Piper.
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
The latest edition of the ISMG Security Report features an analysis of why Google was one of the first companies to be hit with a major GDPR fine, plus a global update on GDPR compliance trends and an in-depth report on shifts in malware.