European Commission corners Amazon on its usage of merchant data

Amazon has come under scrutiny over its dual role as a marketplace for merchants as well as their competitor. In a significant development, antitrust regulators in the European Union are increasing their scrutiny on Amazon over its usage of merchants’ data. The development underscores increasing regulatory scrutiny over how tech companies exploit customers’ information. Facebook,…

Saudi govt tapped Jeff Bezos’ phone, accessed private information

Gavin De Becker, a longtime security consultant, who is the security chief for Amazon.com’s chief executive Jeff Bezos has concluded that the Saudi Govt accessed and gained private information from it. He has handed over the findings of his investigation to U.S. federal officials. Gavin De Becker, a longtime security consultant, who is the security…

European Commission imposed fine of $14.14 million on Nike

According to the 2-year long investigation, Nike blocked cross border sales of soccer merchandise between 2004 to 2017. On Monday, the European Commission imposed a fine of $14.14 million (12.5 million euros) on U.S. sportswear maker Nike for restricting cross-border sales of merchandising products of five European football clubs as well as to a football…

Facebook’s data deals with Microsoft, Apple and Amazon under grand jury scrutiny

Facebook’s 150 personal information sharing contracts with tech companies is now under a grand jury scrutiny. Question is can you ever trust Facebook? As per a report by the New York Times, U.S. federal prosecutors are conducting a criminal probe into data deals that Facebook Inc entered into with some of the world’s largest tech…

National Crime Agency & the Financial Conduct Authority investigating leaks in insider trading investigation

The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…