Instagram, a subsidiary of Meta Platforms, has reached a settlement of $68.5 million to resolve a class-action lawsuit stemming from alleged violations of the stringent Illinois Biometric Information Privacy Act (BIPA). This landmark settlement highlights the growing challenges tech companies face in adhering to state-specific biometric privacy laws.
The fallout from the colossal MOVEit data breach has intensified as a US government contractor, Maximus, reveals that up to 11 million records of sensitive health data have been exposed. The breach, attributed to the Russian hacking group Cl0p, has sent shockwaves through various sectors, with at least 500 victims identified so far. The incident underscores the far-reaching consequences of cyberattacks and the urgent need for robust cybersecurity measures.
Social media giant Meta Platforms, known for its flagship platform Facebook and Instagram, is confronting mounting pressure from European privacy regulators over its data privacy practices. The company is considering a major policy shift that would give European users the option to decide whether they want to see ads targeted based on their interactions with Meta's apps.
Contributor Insight - On July 26th, the Securities and Exchange Commission (SEC) adopted long-anticipated rules that require public companies to disclose material cybersecurity incidents and their cybersecurity risk management strategy. These rules are designed to provide greater transparency and keep investors and the public informed about a company’s cybersecurity resilience and recovery efforts.
Contributor Press Release - AuditBoard today announced the availability of AuditBoard ITRM, its new IT Risk Management solution. This new offering will enable IT security and risk management professionals to manage their threat landscape, quantify IT-related risks, and improve cyber resilience — helping their organizations keep pace in a world of continuously evolving and expanding business risk.
Amid increasing concerns about the extensive collection of data by vehicles, the California Privacy Protection Agency (CPPA) has initiated a review of the privacy practices of automakers and vehicle technology companies. The CPPA's Enforcement Division is currently conducting inquiries into the data privacy policies of vehicles equipped with various features such as location sharing, web-based entertainment, smartphone integration, and cameras. The agency highlighted the critical nature of these vehicle privacy considerations, as modern vehicles act as connected computers on wheels, capable of collecting a wealth of information that may include consumers' locations, personal preferences, and details about their daily lives.
Press Release - Ostendio, Inc., a leading provider of integrated security, compliance, and risk management solutions, today announced the expansion of its Open API and Pre-configured integration capabilities, called Purposeful Integrations. Purposeful integrations enable clients to automate data collection to meet their security and compliance goals, and take action. Ostendio’s approach to platform integrations will support an organization's broader compliance and risk management activities by enabling integration to all its platform modules.