Why Don't Companies Invest in CyberSecurity?

Posted by James on 7/3/19 10:04 AM

Hacks and breaches of IT systems in companies of various sizes have been increasing in prevalence over the last few years. With so much negative press, so many people being affected, and lives being destroyed, you’d think that more effort would be put into making sure hacks like these don’t happen. It turns out there’s pretty good reason why it doesn’t seem much is being done about them, but that doesn’t mean things shouldn’t change. With the cost of preventing a breach being higher than the cost of the breach itself, there’s currently little reason from a company’s standpoint to make any changes to their cybersecurity.

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Topics: Fraud prevention, gdpr, FinTech, Cybersecurity

What Kind of Information Does Twitter Have About You?

Posted by James on 6/26/19 5:19 AM

While not the worst, Twitter is not the most innocent, either.

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Topics: gdpr, Data ownership, Digital identity, FinTech, hacks, Cybersecurity

What does Facebook Know About You? Besides Everything.

Posted by James on 6/12/19 11:15 AM

Big brother is watching you. This scary motto of George Orwell’s novel still disturbs the minds of our contemporaries, although it’s been almost 70 years since the book was published. And there’s a good reason behind the strong emotions caused by the story as nowadays it’s as close as ever to the reality and your favorite social media has made a huge contribution to that.

 

Facebook knows everything about you

 

Unlike Orwell’s vision, the reality proved to be much simpler. There are no cameras installed in every corner to spy on you. In the era of total globalization and tons of convenient services available on the web, we provide these services with our private information ourselves.

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Topics: gdpr, hacks, Cybersecurity

Facebook Doesn't Seem to do Much to Earn our Trust

Posted by James on 5/8/19 10:40 AM

One of our favorite social media giants with whom we seem to have a love-hate relationship is back in the news as they are on the receiving end of a lawsuit by the attorney general from Washington, D.C. It seems as if they are always in and out of the public eye with some scandal or another. While they are holding true to their goal of connecting people, sometimes they do it a little too well—and at what expense? It’s becoming a little too common that they don’t quite have honesty as a top priority in terms of communicating and upholding the privacy policy governing their users’ personal data. Is their mantra not actually build community and bring the world closer together? Maybe it’s profit over privacy. This has gone so overboard it may be time for a breakup.

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Topics: gdpr, Data ownership, Cybersecurity

The Marriott Hack: Looking Back

Posted by Kelvin Chandran on 4/17/19 4:38 AM

Hacks seem to be showing up in the news right and left. A hack is an intentional attack on a system to get access to private information that the attackers are not supposed to have access to. They can be carried out by a single person or a group of people. Some hacks require skill, and some not so much. The best route of action for cyber-attackers, though, is looking for weaknesses in systems so they can be exploited—a weakness resulting from human negligence. It’s information that is left unsecured enabling third parties to see it if they wanted to. What kind of data a hacker wants and what he or she wants to do with it will generally define who their lucky victim is going to be.

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Topics: News, Blockchain technology, Fraud prevention, gdpr

GDPR: The Blockchain Iceberg

Posted by Henry Hirsch on 6/12/18 11:59 AM

The European General Data Protection Regulation (GDPR) came into effect from 25 May 2018. This regulation brings with it a new set of challenges for blockchain companies. Think of it this way - GDPR is like an iceberg floating in the sea.

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Topics: RegTech, gdpr

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