“A multi-billion dollar social media platform saying it is sorry simply is not enough,” Andrea Jelinek, chair of the group of EU data protection authorities, said in a statement on Thursday. Facebook has ben faced with touch choices and a resulting congressional appearance after it was revealed that billions of data were used illegally by …
Facebook’s stock price sunk by more than 7% March 19, following a weekend of Cambridge Analytica backlash against the company, after it was revealed that Trump campaign consultant illicitly harvested the data of up to 50 million Facebook users without their permission. The company has lost $42 billion in value since its close on Friday …
The EU in Brussels has warned Twitter and Facebook to give users more clarity about when they take down content and delete accounts to comply with Europe’s consumer protection laws. Social media platforms had been urged to change their terms and conditions to allow users to report incidents of scamming, have the right to take …
Next week, American Enterprise Institute (AEI) will host an event on Capitol Hill about consumer security and the Internet of Things (IoT) with Sen. Edward Markey (D-MA) and Rep. Ted Lieu (D-CA). These lawmakers have drafted legislation that would create a “cyber shield” mark aimed at helping consumers identify IoT devices that “meet industry-leading cybersecurity …
The UK Prime Minister Theresa May has ordered for a review of the laws governing online communications in her latest shot at big tech firms. In her Suffrage centenary speech of some women gaining the right to vote, May will say that public debate is “coarsening” with a lot of this troubling behaviour taking place …
This May, a sweeping new data protection law will go into effect across Europe that will change the way tech companies do business anywhere on the continent. It’s called the General Data Protection Regulation, and it is designed to unify all the different privacy policies maintained by European Union states into a single set of …
Fintech is the new label for the computerization and networking of payment systems and financial services. It involves the use of smartphones, mobile payment systems and (sometimes) cryptocurrencies. The Committee on Foreign Investment in the U.S. is said to be planning to erect a major barrier to trade in digital financial services. For nearly a …
In late 2017, the ICANN Board Suspended the work of the the Security and Stability Review leading to questions on how the board cam up with the decision. According to DomainMondo, the reaction to the Board’s letter of October 28 (below) at ICANN60, ranged from shock (SSR2 Mail List) to befuddlement at the ICANN GNSO session today, as …
The Russian government has made indications that it will build an “independent internet” for use by itself, Brazil, India, China, and South Africa — the so-called BRICS nations — “in the event of global internet malfunctions,” the Russian news site RT reported on Tuesday. Moscow precisely intends to create an alternative to the global Domain Name System, or DNS, the directory that helps …
The Federal Communications Commission released a plan on Tuesday to dismantle landmark regulations that ensure equal access to the internet, clearing the way for internet service companies to charge users more to see certain content and to curb access to some websites. According to a new report by NYTimes The proposal, made by the F.C.C. …