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.
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.
At Infosecurity Europe 2018, Information Security Media Group conducted dozens of video interviews with industry thought leaders. Here are the highlights.
A Spanish consumer rights organization says telecommunications company Telefónica has fixed an elementary security error in its Movistar website that potentially exposed billing invoices for millions of customers. Telefónica says it hasn't detected fraudulent use of the data.
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.
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.
Google says it closely vets third-party party applications that peek into Gmail boxes. But an investigation by the Wall Street Journal raises questions if consumers are fully aware of the consequences of granting access to third-party apps and the practices of email-scanning companies.
Companies are sending notification emails about a data breach at Typeform, a software-as-a-service platform for distributing and managing surveys, questionnaires and competitions. The breach is so far known to affect Travelodge, Fortnum & Mason, Monzo bank and the Tasmanian Electoral Commission.
Much more must be done to shore up the U.K.'s national infrastructure. "It's partly austerity, and it's partly what's happening in the global economy, but we've really seen an underinvestment, specifically in the critical national infrastructure," says LogRhythm's Ross Brewer.
Old technology never dies, but rather fades "very slowly" away, as evidenced by there being 21 million FTP servers still in use, says Rapid7's Tod Beardsley. Rapid7's scans of the internet have also revealed a worrying number of internet-exposed databases, memcached servers and poorly secured VoIP devices.
California's legislature has quickly introduced and passed new privacy legislation, making the state's laws the strongest in the U.S. The new law gives consumers a raft of new rights, and aims to bring more transparency to the murky trade in people's personal information.
What are hot cybersecurity topics in Scotland? The "International Conference on Big Data in Cyber Security" in Edinburgh focused on everything from securing the internet of things the rise of CEO fraud to the origins of "cyber" and how to conduct digital forensic investigations on cloud servers.
Ticketmaster is warning customers that it suffered a data breach after an attacker modified its third-party chatbot software to steal customers' payment card details. Software provider Inbenta Technologies says Ticketmaster should never have been running the JavaScript software on a payments page.
Privacy rights groups are calling on the Court of Justice of the European Union to clamp down on at least 17 EU governments that require domestic telecommunications firms to store all communications data, despite the court having ruled that such mass surveillance practices are illegal.
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