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.
Barely one month after the enforcement date of the EU's General Data Protection Regulation, California passed its own landmark new data privacy legislation. Cisco Chief Privacy Officer Michelle Dennedy discusses this new law and what it says about the business value of data privacy.
Silicon Valley employees are increasingly calling on executives to restrict the use of facial recognition technology, mobilized in part by the U.S. government's previous policy of separating children from parents at the border. Experts say facial recognition regulations are needed - and quickly.
Timehop, the social media app that resurfaces older social media posts for entertainment, says its ongoing investigation has revealed that an attacker may have compromised more personal information than it previously suspected over the course of a breach that lasted at least seven months.
An Australian company that issues identity cards for access to airports has been notifying applicants and cardholders that their personal information may have been compromised, according to a news report. Australian federal police are investigating.
The latest edition of the ISMG Security Report features a discussion of California's groundbreaking new privacy law as well as an update on the potential impact of the hacker group responsible for the Ticketmaster breach.
Australian medical booking platform HealthEngine offered AU$25 (US$19) gift vouchers to dental patients who sent photos of their treatment invoices to the company, which it positioned to patients as "invaluable" research. Privacy experts say the company may have fallen afoul of Australian privacy guidelines.
Leading the latest edition of the ISMG Security Report: CipherTrace CEO Dave Jevans discusses recent research on cryptocurrency money laundering and whether regulation is possible. Plus, California passes a new privacy law.
In the age of GDPR, more organizations are looking to data classification - including more automated techniques for doing so - as a way to not only help them protect their crown jewels, but in the case of a breach quickly identify what went missing, says Digital Guardian's Tony Themelis.
Numerous technology firms now offer facial biometrics recognition search tools for big data sets. But information security expert Alan Woodward warns that these big data sets must be "considered and regulated very heavily" or else we'll be "living in 1984 without knowing it."
Facebook has responded to more than 2,000 questions posed by U.S. Senate and House committees with 747 pages of answers, which reveal that Facebook was still been providing special access to user data to dozens of companies, six months after it says it had stopped doing so in 2015.