UK unveils draft Online Safety Bill aimed at imposing sense of responsibility on social media companies

On Wednesday, in a significant development Britain said, it plans on unveil a new law which will fine social media companies up to 10% of their global turnover of 18 million pounds ($25 million), if they fail to remove online abuses such as racist hate crimes; the law will also see senior managers face criminal…

Russia lodges lawsuit against 5 social media platforms for not deleting violent protest posts

In a significant development that spells fresh bout of legal trouble for social media companies, Russian authorities are suing have launched a complaint against five social media platforms for allegedly failing to delete posts urging children to take part in illegal protests. Russian authorities have filed cases against Facebook, Twitter, Google, Telegram and Tiktok for…

Britain bans Huawei 5G kit from telecom market citing unacceptable security risks

In a development that cements Huawei’s exit from Britain’ future telecom market, the British government has notified telecommunications companies operating in the country that after September 2021, they should not install any new Huawei 5G kit. The development is part of a broader push to purge Huawei’s equipment from Britain’s high speed mobile networks. Falling…

Britain’s Telecommunications (Security) Bill bans Huawei Technologies Co Ltd

In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd. The Telecommunications (Security) Bill…

Chipmaker UMC pleads guilty to trade secret theft, China’s bid to steal propriety chip designs unravelled

In a significant development United Microelectronics Corp (UMC) stated, it has pleaded guilty to trade secret theft in the United States, and will be paying a fine of $60 million and will cooperate with the prosecution of China’s Fujian Jinhua Integrated Circuit Co Ltd. Two years ago, the U.S. Department of Justice (DOJ) had indicted…

French competition authority levies $167M fine on Google

France’s competition watchdog has levied a fine of $167 million on Google citing Google’s non-transparent advertising rules and the fact that it changes them at will. Google is facing a growing number of investigations into its advertisement business practices, on both sides of the Atlantic. The ruling is the first penalty by the French authorities…

Malaysia Competition Commission imposes $20 million fine on Grab for violating competition law

MyCC has imposed a daily penalty of 15,000 ringgit starting from today for as long as Grab fails “to take remedial actions as directed by the commission in addressing the competition concerns”. On Thursday, Malaysia’s competition regulator proposed to levy a fine of $20.53 million (86 million ringgit) on ride-hailing firm Grab for violating the…

British Airways facing $229.8 million fine over 2018 hacking attack

Hackers had managed to breach BA’s defenses and had stolen customer data, including credit card details, from its app and website. On Monday, IAG, the owner of British Airways, stated the UK Information Commissioner’s Office (ICO) intends to impose a penalty of $229.8 million (183.4 million pounds) for the theft of customer data from the…