Ending six years of litigation, a federal judge has signed off on a $650 million settlement of a class-action lawsuit against Facebook for violating Illinois' groundbreaking privacy law that restricts collecting biometrics data. Here's why this case is so unusual.
Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
The Biden administration is reviewing former President Donald Trump's policies addressing potential national security and cybersecurity concerns about Chinese-owned companies as it develops new plans for dealing with a wide range of issues tied to China.
Five states are making progress this year toward passing privacy legislation along the lines of California's Consumer Privacy Act, according to the International Association of Privacy Professionals. Here's a status report.
Did Russia pass a tough new cryptocurrency law to help authorities recruit or compel criminal hackers to assist the government? That's the thesis of a new report, which notes that the new regulation includes a host of provisions designed to unmask cryptocurrency users' transactions - or else.
Congressional Democrats have again introduced legislation designed to help safeguard the privacy of COVID-19 health data collected for public health purposes.
Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security. Researchers had warned the malware might surface again after a coordinated takedown of the botnet's infrastructure in 2020.
In Britain, the National Crime Agency and the Financial Conduct Authority warn that the number of "clone firm" scams has significantly increased during the COVID-19 pandemic. Over a six-month period, these fraudulent schemes have led to more than 78 million pounds ($107 million) in losses for victims.
A lawsuit seeking class action status alleges that the maker of a fertility mobile app is sharing with three Chinese companies its users’ personal information and location data – without first obtaining users’ consent.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
The new Biden administration has pledged to hold Russia accountable for its recent "reckless and adversarial" actions and has ordered a full-scale intelligence review of the SolarWinds hack. The moves signal the importance of cybersecurity to President Biden's national security agenda.
Privacy watchdogs in Europe have imposed fines totaling more than $330 million since the EU's General Data Protection Regulation went into full effect in May 2018, according to law firm DLA Piper. Over the past year, regulators received 121,000 data breach notifications, up 19% from the year before.
President-elect Joe Biden's $1.9 trillion plan for COVID-19 relief includes nearly $10 billion in cybersecurity and IT spending. Some security experts hope the amount as just a "down payment" toward a broader effort.
The prospects for passing a U.S. privacy law will improve under the Biden administration, predicts attorney Kirk Nahra, who offers a legislative outlook.
The U.S. Justice Department has charged Ardit Ferizi, a Kosovo citizen, with fraud and identity theft, accusing him of continuing to commit cybercrimes while he was behind bars serving a 20-year prison sentence for aiding Islamic terrorist groups.
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