In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…
While the settlement resolves a major regulatory overhead for Facebook, the embattled social media giant still faces potential antitrust probes from the FTC and Justice Department. On Wednesday, in a significant development, the Federal Trade Commission stated, Facebook Inc has agreed to pay $5 billion as part of a sweeping settlement to create a board…
The focus of the FTC’s investigation into Facebook’s data breach was whether the sharing of personal data of 87 million users with British political consulting firm Cambridge Analytica violated its 2011 agreement with the FTC wherein it had pledged to safeguard user’s privacy. As per a report from the Wall Street Journal citing sources familiar…
Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…
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…
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