Facebook Fallout In Focus As EU Presses U.S. Over Data:

The Wall Street Journal | By: Natalia Drozdiak | March 20. 2018: European Union’s justice chief is meeting U.S. officials over privacy issues this week. The European Union’s top justice official is set to quiz her U.S. counterparts over privacy issues on a visit to Washington this week made more timely by fallout over Facebook Inc.’s handling of personal data.…

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Facebook’s Identity Crisis Looms:

The Wall Street Journal | By: Christopher Mims | March 20, 2018: The company’s core business continues to prove vulnerable to exploitation by spammers and bad actors; meanwhile our personal data remains at risk. The mountain of evidence piling up this week exposes the rot at the core of Facebook Inc. Facebook’s troubling relationship with personal data, and the way…

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Facebook’s Lax Data Policies Led To Cambridge Analytica Crisis:

The Wall Street Journal | By: Kirsten Grind | March 20, 2018: Social-media giant’s loose policing of app developers went on for years. Facebook Inc.’s loose approach to policing how app creators and others deployed its user data persisted for years, including after a 2015 effort by the social network to restrict access, according to court documents and people familiar…

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Facebook Security Chief Said To Leave After Clashes Over Disinformation:

The New York Times | By: Nicole Perlroth, Sheera Frenkel & Scott Shane | March 19, 2018: Facebook’s chief information security officer, Alex Stamos, will leave the company after internal disagreements over how the social network should deal with its role in spreading disinformation, according to current and former employees briefed on the matter. Mr. Stamos had been a strong…

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Facebook’s Role In Data Misuse Sets Off A Storm On Two Continents:

The New York Times | By: Matthew Rosenberg & Sheera Frenkel | March 18, 2018: Maura Healey, the attorney general of Massachusetts, has announced an investigation into Facebook and the data firm Cambridge Analytica. American and British lawmakers demanded on Sunday that Facebook explain how a political data firm with links to President Trump’s 2016 campaign was able to harvest…

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The New ID Theft ~ Millions Of Credit Applicants Who Don’t Exist:

The Wall Street Journal | By: AnnaMaria Andriotis | March 06, 2018: Synthetic-identity fraud is one of the fastest growing forms of identity theft — and the hardest to spot and combat. From a townhouse near a megachurch in Atlanta, Kelvin Lyles recruited about 300 accomplices to embark on a crime spree. His group scammed ATMs, internet retailers and credit-card…

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Identity Fraud Hits Record Number Of People:

The Wall Street Journal | By: AnnaMaria Andriotis | February 06, 2018: Equifax breach, more-sophisticated schemes drive 8% rise in victims. Some 16.7 million U.S. consumers had their identities compromised in 2017, resulting in $16.8 billion in losses, according to consulting firm Javelin Strategy & Research. The number of people affected was up 8% from 2016 and was the highest…

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Business Interest In Blockchain Picks Up While Cryptocurrency Causes Conniptions:

The Wall Street Journal | By: Kim S. Nash | February 06, 2018: Companies that move products and people through complex supply chains see promise in the technology. During Walmart’s test of blockchain traceability, a Walmart associate could check mangoes on the shelf or in the backroom and trace it back to the farm with the retailer’s smart app. Blockchain…

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How Enterprises Can Better Combat Advanced Cyber Attacks:

RSA Conference | Blog | GPE – January 17, 2018: Numerous relatively recent cyber attacks have successfully breached organizations that should be the cyber world’s equivalent of Fort Knox – exceedingly hard to penetrate. Yet as the infiltration of systems at the likes of the Security and Exchange Commission, National Security Agency and credit bureau giant Equifax underscore, no entity…

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Security Flaws Put Virtually All Phones, Computers At Risk:

Business Insurance | Reuters | January 04, 2018: Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp., Advanced Micro Devices Inc. and ARM Holdings. One of the bugs is specific to Intel, but another affects laptops, desktop computers, smartphones,…

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What Happened After A Law Firm Got Hit By A Global Cyberattack:

The Wall Street Journal | GPE – December 20, 2017: Don Jaycox, DLA Piper’s chief information officer for the Americas, sat down with Wall Street Journal reporter Kate Fazzini to explain how the firm responded to the attack, which also affected multinational companies such as A.P. Moller-Maersk, Reckitt Benckiser Group and Merck & Co. MS. FAZZINI: Can you set the…

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North Korean Hackers Behind Attacks On Cryptocurrency Exchanges, South Korean Newspaper Reports:

Reuters | By: by Joyce Lee & Heekyong Yang | December 16, 2017: South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday. The cyber attacks attributed to North Korean hackers also included the leaking of…

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Millions Of People Post Comments On Federal Regulations ~ Many Are Fake:

The Wall Street Journal | By: James V. Grimaldi & Paul Overberg | December 12, 2017: A Wall Street Journal investigation uncovered thousands of fraudulent posts on agencies’ dockets, in hot-button areas such as net neutrality and payday lending. On federal government web sites, public comments can influence the outcome of regulations affecting millions of people. A WSJ investigation has…

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UK Regulator ~ Smart Machines Alone Can’t Defeat Money Laundering:

The FCPA Blog | By: Richard L. Cassin | December 11, 2017: Artificial intelligence will always be a “work in progress” in fighting money laundering and won’t entirely replace humans and their intuition, a top UK regulator said. “Any bank hoping for a black box in the corner that will sniff out the launderers will be disappointed,” according to Rob…

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France Allows Use Of Blockchain To Trade Some Traditional Securities:

The Wall Street Journal | By: Sam Schechner & Patricia Kowsmann |December 08, 2017: New rule is latest mainstream effort to adopt record-keeping developed for virtual currencies. France said Friday that it will allow wider use of the record-keeping technology behind bitcoin in the issuance and trading of traditional securities, part of a growing number of experiments to speed up…

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Humanitarian Data Breaches ~ The Real Scandal Is Our Collective Inaction:

IRIN | By: Nathaniel A. Raymond, Daniel P. Scarnecchia & Stuart R. Campo | December 08, 2017: Why it’s time for an independent investigatory body. The news that a platform used by at least 11 major operational NGOs and UN agencies may be relatively easy to breach, potentially exposing the personal, location, and demographic data of tens of thousands of…

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Okay, Say Someone Hacks Into The US Power Grid. Then What?

Defense One | By: Caroline Houck | December 06, 2017: “On a scale of 1 to 10,” the threat of a cyber attack on U.S. critical infrastructure is “a 7 or an 8,” the Department of Homeland Security warned lawmakers last week. And indeed, someone has been probing the defenses of utilities, key manufacturers, and others. So what happens if…

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