Data Privacy

US Senator Ask Tech Giants to Disclose Worth of User Data

US Senator Ask Tech Giants to Disclose Worth of User Data

In a policy paper revealed this week, US Senator Mark Warner suggested that in order to improve transparency, tech giants may want to disclose to their customers how much their information is worth to the platform. The white paper, which focused on data privacy and regulation, also included typical issues such as disinformation, data transparency and adopting a framework similar to Europe’s GDPR regulation. Warner’s paper is expected to put additional pressure on tech giants and massive data collectors like Google and Facebook who are already burdened by the GDPR.   Source: ZDNet  

Facebook Sued After Shareholders Lose Billions

Facebook Sued After Shareholders Lose Billions

Facebook is reportedly being sued by a shareholder who says that the company and its Chief Financial Officer David Wehner made inaccurate and incomplete statements about slowing revenue growth, falling operating margins, and declines in active users. Shareholder James Kacouris, who says that said the 19% plunge in Facebook’s shares was caused by federal securities law violations by the defendants. It is said that Kacouris’ lawsuit, which was filed in a Manhattan federal court, could just be one of many after the social media company had $120 billion of shareholder wealth wiped last week. Source: Reuters

KT, LG Uplus Propose Quantum Key Distribution Standard to ITU

KT, LG Uplus Propose Quantum Key Distribution Standard to ITU

KT and LG Uplus recently announced that they have proposed a global standard for quantum key distribution to the International Telecommunication Union (ITU). In their first draft to the ITU’s Study Group 13, the companies included proposals for network structure and functionality for quantum key distribution, interface between network equipment, and service process technology. SK Telecom, which is set to submit quantum key security standards to the ITU’s Study Group 17, also reviewed the draft and contributed to the proposal.    It was also reported that the three telcos and the South Korean government had already agreed to deploy 5G […]

Trump Administration to Meet Tech Giants for Consumer Data Privacy Efforts

Trump Administration to Meet Tech Giants for Consumer Data Privacy Efforts

Commerce Department’s David Redl, who oversees the National Telecommunications and Information Administration, revealed last week that it will be meeting with tech giants and other stakeholders including Facebook, Comcast, and Alphabet to identify common ground and formulate core, high-level principles on data privacy. White House spokeswoman Lindsay Walters added that the Trump administration, through the White House National Economic Council is looking to craft a consumer privacy protection policy that achieves the appropriate balance between privacy and prosperity. Source: JPost

Popular Wireless Cam Found to be Vulnerable to Hacking

Popular Wireless Cam Found to be Vulnerable to Hacking

A popular brand of wireless security camera, Swann, was recently found to have a vulnerability that could a hacker to hijack it and access its video and audio stream. The flaw, which was discovered after a user accidentally received another user’s recordings. Researchers said that they were able to recreate the vulnerability just by making a minor tweak to Swann’s Security app. The company and its Israeli cloud tech provider OzVision says the issue, which was only present in the SWWHD-Intcam or Swann Smart Security Camera, has already been fixed. However, it is said that the vulnerability may have caused […]

Facebook Promises Tougher Security for US Elections

Facebook Promises Tougher Security for US Elections

Facebook said last Tuesday that it will be employing a range of techniques, including artificial intelligence, to prevent foreign operatives from using deceptive tactics and false information to manipulate public opinion. The social network has repeatedly been criticized for failing to handle political propaganda and misinformation in the 2016 US election. However, the company stood by its initial position on false postings, saying that they will not be immediately taken down without review if sincerely voiced. It is said that the announcement came shortly before the publication of an internal message by Facebook’s outgoing chief security officer that criticized a […]

Twitter Restricts Developer Access to API, Removes Hundreds or Thousands of Apps

Twitter Restricts Developer Access to API, Removes Hundreds or Thousands of Apps

Twitter had reportedly removed more than 143,000 apps for violating its policies in between April and June 2018. In addition to rolling out more developer updates, the microblogging platform is also introducing stricter and more thorough application process for developers seeking access to its API. The company says that apps with high volumes of engagement will also have increased accountability. Meanwhile, users will now find it easier to report apps that violate Twitters rules using the new “Report a bad app” option in its Help Center. Source: ZDNet

Singapore Banks Instructed to Tighten Verification Process After SingHealth Breach

Singapore Banks Instructed to Tighten Verification Process After SingHealth Breach

The Monetary Authority of Singapore recently instructed banks in the city-state to tighten their customer verification processes after the SingHealth’s security breach which compromised the personal data of around 1.5 million Singaporeans. The authority told financial institutions not to depend solely on the types of information that had been involved in the cyberattack to verify customers’ identity. These include full names, national identification number, address, gender, race, and date of birth. MAS says the measures should mitigate risks that the compromised data could cause, such as impersonation of customers and unauthorised financial transactions. Source: ZDNet

Facebook Sets Up Subsidiary in China

Facebook Sets Up Subsidiary in China

Facebook is reportedly trying to increase its presence in China by setting up a subsidiary in the restrictive market, according to official business registration seen this week by Reuters. The subsidiary, which has a registered capital of $30 million, was registered in Hangzhou. A Facebook representative said that the company is interested in setting up an innovation hub in Zhejiang to provide training and workshops to Chinese developers, innovators and start-ups. Despite this, Facebook’s main website still remains blocked in China, along with Twitter and Google. Source: Reuters

Singapore Take Healthcare Computers Offline After Breach

Singapore Take Healthcare Computers Offline After Breach

Singapore has reportedly cut the internet connection to computers at public healthcare centers to prevent it from being hacked after the city-state suffered one of its worst breaches of personal data in recent history. Deputy Prime Minister Teo Chee Hean said that they have already disconnected the computers, which is  something they should have done before. Teo said that separating the computers just like they did with the public sector systems would have disrupted the cyber kill-chain for the hacker and reduced the surface area exposed to attack. The sensitive data of more than 1.5 million patients, including the prime […]

Read more about the Data Privacy practice at Disini & Disini Law Office