Security News
"Customer needs are changing, and so are the ways in which financial institutions need to interact with them," said Wayne Busch, President Financial Services and Insurance, NTT DATA Services. "Advancements in artificial intelligence, machine learning and data intelligence are giving banks vast capabilities to deliver what customers want - hyper-individualized, relevant and timely financial guidance to achieve their life ambitions."
The European Commission lifted the threat of crucial data flows between Europe and Britain being blocked in a move that would have crippled business activity as it said Friday that privacy safeguards in the UK met European standards. In a key post-Brexit decision, the EU executive said that British authorities had sufficient measures in place to protect European users' personal data, freeing up data transfers for businesses as well as for police.
The European Union Agency for Cybersecurity released its report on pseudonymisation for personal data protection, providing a technical analysis of cybersecurity measures in personal data protection and privacy. While not a new process, pseudonymisation came into the spotlight in 2018 with the enforcement of GDPR, which references it as a security and data protection by design mechanism.
Video game giant Capcom this week revealed that thousands more people than initially believed had their personal information stolen in a ransomware attack in November 2020. On November 4, the game maker announced that it detected unauthorized access to its network, and two weeks later confirmed that the attackers accessed the personal information of employees, as well as financial information, sales reports, and other business data.
21 people have been arrested across the UK as part of a nationwide cyber crackdown targeting customers of WeLeakInfo[. A now-defunct online service that had been previously selling access to data hacked from other websites.
Once your personal data is up for sale, buyers can use it for financial gain or for doxing, a practice where malicious actors publicly reveal private information about you for all to see. In a blog post published Tuesday, security provider Kaspersky looks at the sale of personal data on the Dark Web and offers advice on how to protect your own data.
Kev Breen, director of cyber threat research for Immersive Labs, created a proof-of-concept for just that scenario, after realizing that Fitbit devices are loaded with sensitive personal data. Breen's efforts resulted in a malicious watch face, which he was then able to make available through the Fitbit Gallery.
In this attack, the initial email promised an important update on the recipient's COVID relief funds to be disbursed to the person's address. The initial email snuck past Microsoft 365 email security because it didn't follow the usual traits of traditional phishing attacks, according to Armorblox.
Personal information for students in the Clark County School District, which includes Las Vegas, has reportedly turned up on an underground forum, following a ransomware attack that researchers say was carried out by the Maze gang. In early September, the Associated Press reported that the district was crippled during its first week of school thanks to a ransomware attack, potentially exposing personal information of employees, including names and Social Security numbers.
Personal data on 24 million South Africans, wrongfully sold by Experian to a person it claimed had "Pretended" to represent a "Legitimate client", is now not only circulating on the dark web - it's also on clearweb file-sharing sites, according to reports. Despite assurances from Experian in August that it had obtained an Anton Piller court order - a type of search warrant in legal proceedings - to seize and destroy the data it haplessly passed on, 40 per cent of South Africa's population is now living in the knowledge that any random bod browsing Swiss file-sharing site WeSendIt could have freely downloaded their personal data.