The Chinese state council said this week that the government will be fast-tracking the development of a long-term mechanism for internet finance. The statement came after a meeting of the state cabinet’s Financial Stability and Development Commission (FSDC) chaired by vice premier Liu He where the cabinet assured that online...

The Australian Competition and Consumer Commission (ACCC) said this week that a total of AU$ 4.4 million had already been stolen in around 8000 remote access scam incidents reported by Australians this year. Most victims say that they had been tricked by a phone scammer pretending to be from Telstra, the...

A security researcher said this week that surveillance software firm Spyfone had left terabytes of sensitive data exposed on a poorly-secured Amazon S3 bucket. The company, which makes software that intercept data on a monitored device, left files such as selfies, text messages, audio recordings, contacts, location, hashed passwords and logins,...

T-Mobile announced this week that had been hit by a data breach that may have compromised personal information including customer names, billing ZIP codes, phone numbers, email addresses, account numbers, and account types. The provider said that it immediately shut down the attacker’s access last Monday. However, it was estimated that...

Google revealed this week that it had removed 39 YouTube channels and 6 Blogger accounts with links to state-run Islamic Republic of Iran Broadcasting. In line with similar efforts by Facebook and Twitter, Google said that it is working with cybersecurity firm FireEye Inc. to identify accounts aligned with Iran’s propaganda...