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This year MicroStrategy relished in a good problem to have – a half a billion dollars of cash in its bank account and not sure what to do with it. The company could have paid its shareholders a hefty dividend, bought back a truckload of its stock, invested in R&D, financed new acquisitions or pursued […]
Which brings me to Bitcoin and other cryptocurrencies. The vast majority of ransomware gangs demand payment via cryptocurrency, which they favor for its anonymity and the way it enables cross-border payments. Since global law enforcement authorities seem powerless to stop the crypto crime gangs, is it time to stop the crypto? Source: As bitcoin soars, so do […]
On November 3, 2020, California voters approved Proposition 24, otherwise known as the California Privacy Rights Act (CPRA), a ballot measure that will expand the privacy protections for California residents under the existing California Consumer Privacy Act (CCPA). Effective January 1, 2023, the CPRA significantly amends the CCPA by expanding consumer rights, heightening privacy protections, […]
It’s bad enough that many ransomware gangs now have blogs where they publish data stolen from companies that refuse to make an extortion payment. Now, one crime group has started using hacked Facebook accounts to run ads publicly pressuring their ransomware victims into paying up. Source: Ransomware Group Turns to Facebook Ads — Krebs on […]
Cybersecurity consultants could be on the hook for data breaches at companies they contract with after two recent court rulings in consumer class actions. Accenture Plc’s U.S. unit in October failed to escape claims made against the consultant in a consumer lawsuit over a hack of Marriott International Inc.’s hotel reservations database. The decision came […]
On top of that, there are just too many methods that bad actors can deploy to gain access to a firm’s system or database, said John Reed Stark, a former U.S. Securities and Exchange Commission internet enforcement chief and the president of data breach response and digital compliance firm John Reed Stark Consulting LLC. Just […]
Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has confirmed a data breach involving the personal information of current and former Google employees. The New York-based law firm provides companies with employment verification screening services to determine if employees are eligible and authorized to work in the United States. via Fragomen, a law firm […]