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Uber agrees to pay $148 million in massive 2016 data breach settlement

Security Affairs

Uber agrees to $148 million settlement with US States and the District of Columbia over the massive 2016 data breach that exposed personal data of 57 million of its users. The hackers tried to blackmail Uber and demanded $100,000 from the company in exchange for avoiding publish the stolen data.

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Zoom Settles with FTC over Allegations of Deceptive Security Practices

Hot for Security

One major allegation brought forth by the FTC is that, since at least 2016, Zoom misled users by claiming it offered ‘end-to-end, 256-bit encryption’ when in fact it provided a lower level of security. Alleged negligence and deception towards end users. 290 million new users in four months.

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New York Proposes First-in-the-Nation Cybersecurity Regulation for Financial Institutions

Privacy and Cybersecurity Law

On September 13, 2016, the New York Department of Financial Services introduced a new rule that would require banks, insurance […].

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FTC Announces New Guidance on Ransomware

Privacy and Cybersecurity Law

On November 10, 2016, the U.S. Federal Trade Commission (FTC) released new guidance for businesses and consumers on the impact […].

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Survey Says…Cybersecurity Remains A Critical Challenge For Business

Privacy and Cybersecurity Law

” A prior IBM Study on the cost of data breaches found, using a sample of 419 companies in 13 countries and regions, that 47% of data breach incidents in 2016 involved a malicious or criminal attack, 25% were due to negligent employees or contractors (i.e.,

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Me on the Equifax Breach

Schneier on Security

Hearing on "Securing Consumers' Credit Data in the Age of Digital Commerce". Subcommittee on Digital Commerce and Consumer Protection. Mister Chairman and Members of the Committee, thank you for the opportunity to testify today concerning the security of credit data. Before the. Committee on Energy and Commerce.