Nearly one-third of U.S. banking consumers use online and mobile fintech apps to help manage their money. But those users are concerned about data privacy and want more control over the financial data their apps can access, says David Fortney of The Clearing House, who reviews the results of a survey.
Does social media fuel toxic politics and racial tension? We're still in the early of days of understanding the long-term effects of social media on society, but the early signs aren't good. It's time for social networks to take moral responsibility for content on their networks - even if they don't want it.
Police in Shanghai are investigating the apparent loss of 130 million customers' personal details from Huazhu Hotels Group. The data exposure may trace to the Chinese hotel group's developers accidentally uploading to GitHub access credentials for a production database.
Three months after the EU's General Data Protection Regulation went into full effect, the U.K.'s data privacy watchdog says that the number of data protection complaints it has received from individuals has nearly doubled.
Companies that want to continue doing business globally will need to take privacy much more seriously, especially in light of increasingly strict new laws, ranging from the California Consumer Privacy Act to the EU's GDPR, says privacy and security expert Michelle Robles.
A lawsuit accuses Google of "the surreptitious location tracking of millions of mobile phone users." The legal action was sparked by a report demonstrating that some Google apps tracked and time-stamped users' locations even if a user deactivated the "location history" setting.
An analysis of the privacy issues Amazon will face as it dives deeper into the healthcare business leads the latest edition of the ISMG Security Report. Also featured: A preview of ISMG's Security Summit in New York Aug. 14-15.
Hubris has a new name: Bitfi. The cryptocurrency wallet-building company, backed by technology eccentric John McAfee, earned this year's not-so-coveted Pwnies Award for "Lamest Vendor Response" for how it mishandled security researchers' vulnerability disclosures. Bitfi has promised to do better.
One measure of why it's so difficult for organizations to keep their software patched and better secured: Of the nearly 20,000 unique vulnerabilities in 2,000 products cataloged last year, only half involved Microsoft, Adobe, Java, Chrome or Firefox software, says Flexera's Alejandro Lavie.
When it comes to the internet of things, balancing the need to protect privacy against the need for technological innovation, such as to improve healthcare, is proving challenging, says attorney Jean Marie Pechette.
Facebook is making substantial investments to improve its data security and privacy practices. But the long-term cost of those investments and impact on the bottom line has spooked investors, leading to a $120 billion loss in market value on Thursday, the largest one-day loss of value for a U.S. traded company.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.
Under the EU's General Data Protection Regulation, within 72 hours of an organization learning about the data breach, it must report the breach to relevant authorities or face fines. The U.K.'s data privacy watchdog says it's already seen the volume of self-reported breaches quadruple.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst who will be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.