In 2023, Resolve to Fix Your Organization’s Meta Pixel Problem It’s time to be proactive about user privacy. Find out if you’re sending too much data to Facebook—or if you need to send data at all By: Maria Puertas and Simon Fondrie-Teitler We all use the internet to complete increasingly sensitive tasks: book doctor’s appointments,…
Category: Financial Sector
Bank of Thailand blames dating app for phone hacking
Bob Scott reports: The Bank of Thailand (BoT) denied a claim made on social media that a man lost money from his bank account after recharging his phone at a public outlet. BoT believes the theft occurred because the man was a victim of a malware attack. Police also attributed the theft to malware, stating that the user had…
Data leak at Degroof Petercam affects hundreds of Belgian companies
The BrusselsTimes reports: A data leak at Belgian merchant bank Degroof Petercam has compromised the data of hundreds of the bank’s clients, including major Belgium companies and corporations, Le Soir reports. An employee of the bank is reported to have abused his access to customer information and illegally downloaded client files. Le Soir learned of the leak…
ECB Fines Spain’s Abanca for Delay in Reporting Cyber Hack
Reuters reports: The European Central Bank said on Friday it had fined Spanish bank Abanca for its delay in reporting a cyber attack that forced it to suspend its main means of payment in 2019. “The bank’s omission hindered the ECB’s ability to properly assess Abanca’s prudential situation and to react in a timely manner…
Cyber-enabled financial crime: USD 130 million intercepted in global INTERPOL police operation
Press Release: LYON, France – An INTERPOL police operation to tackle online fraud has seen almost 1000 suspects arrested and the seizure of USD 129,975,440 worth of virtual assets. Fraud investigators around the world worked together over five months (28 June – 23 November) to intercept money and virtual assets linked to a wide range…
FTC Announces Six-Month Extension for Compliance with Some Changes to Gramm-Leach-Bliley Safeguards Rule
Hunton Andrews Kurth writes: On November 15, 2022, the Federal Trade Commission announced a six-month extension for companies to comply with certain updated requirements of the Gramm-Leach-Bliley Act’s Safeguards Rule, a set of data security provisions covered financial institutions must implement to protect their customers’ personal information. The new deadline is June 9, 2023. The FTC announced updates to…