CEOs Will Be Personally Liable for Cyber-Physical Security Incidents by 2024

Digital attack attempts in industrial environments are on the rise. In February 2020, IBM X-Force reported that it had observed a 2,000% increase in the attempts by threat actors to target Industrial Control Systems (ICS) and Operational Technology (OT) assets Read More …

Singapore moots mandatory offsite verification for financial institutions

Singapore is considering the need for various personal information, such as password and biometrics, to facilitate “non-face-to-face” verification for financial services. This comes amidst a rise in impersonation scam cases and risks of personal data theft. In a consultation paper Read More …

Marriott fined £18.4 million by UK watchdog over customer data breach

The Information Commissioner’s Office (ICO) has fined Marriott £18.4 million over a 2014 data breach, heavily reducing the penalty originally planned due to COVID-19 disruption. The Marriot hotel group was subject to a 2014 data breach impacting the Starwood resort Read More …

Singapore’s worst-ever data breach prompted the nation to bolster its cyber defences

In 2018, Singapore suffered its worst ever data breach when inadequate cybersecurity at SingHealth saw a quarter of the population’s medical records stolen. The subsequent official review recommended remedies that should already be basic security policies. Two years after the Read More …

European Union: Regulation UE 2019/452 On Foreign Direct Investment Comes Into Application

As of yesterday, 11 October 2020, the EU Regulation 2019/452 of 19 March 2019 (“Regulation”) on the control of foreign direct investment is directly applicable in Italy. The aim of the Regulation is to establish a common system among Member Read More …

Former Uber CSO charged for 2016 hack cover-up

Uber’s former chief security officer was charged on Thursday for covering up the company’s 2016 security breach, during which hackers stole the personal details of 57 million Uber customers and the details of 600,000 Uber drivers. Prosecutors in Northern California Read More …

Twitter Could Face $250M FTC Fine Over Improper Data Use

Twitter may be facing a Federal Trade Commission (FTC) fine of up to $250 million, after the social media giant last year revealed the improper use of users’ email addresses and phone numbers. In October 2019, Twitter acknowledged that user Read More …