Apple may have breached antitrust rules in Japan

Following a multi-year investigation, Japan’s regulator has found Apple’s contracts with mobile service providers to be in possible violation of the country’s antitrust rules. On Wednesday, Japanese regulators disclosed Apple Inc may have broken the country’s antitrust rules given the fact that it forces the country’s mobile service providers to sell its iPhones at cheap…

U.S. Congress has received details on September 2017 hacking attack: Equifax

The update to the U.S. Congress by the credit monitoring firm sees hackers gaining access to 38,000 driver licenses and 3,200 passport details on top of the millions of private information harvested by them in the September 2017 cyber attack. Continuing its disclosures stemming from the cyber security incident which saw hackers gain access to…

Hamburg opens non-compliance procedures against Facebook

Of the 87 million Facebook users who were affected by the personal data privacy breach, 3 million were from Europe. A spokesman for Hamburg’s data protection ombudsman stated, the city has opened non-compliance procedures against Facebook, the world’s biggest social network which in recent days have been accused of abusing its users’ data. In a…

Australia moves to regulate bitcoins

As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…

Massachusetts gets green signal to sue Equifax Inc over data breach

Equifax’s data breach is likely to be one of the most costly hacks in corporate history. The credit reporting firm is already facing a series of class action lawsuits and investigations by the U.S. Federal Trade Commission and various state attorneys general. A ruling by Suffolk County Superior Court Judge Kenneth Salinger in Boston, which…

Hackers may have conducted trade using stolen information: SEC

Although the SEC had “promptly” patched the vulnerability in its EDGAR system which stores millions of confidential data that companies are required to file to the SEC, the fact that hackers have managed to penetrate its systems, have stoked investor concerns. In a startling development, the U.S. Securities and Exchange Commission (SEC), disclosed that hackers…