Facebook could be hit with $2tn fine after FTC inquiry

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ISSUE DATE: 27 March 2018 TOP STORIES Facebook could be hit with $2tn fine after FTC inquiry Facebook could face huge fines as the result of a federal inquiry into the data exploitation scandal, further underlining the importance of personal data protection for all enterprises. READ MORE → Police arrest €1bn cyber heist mastermind Police have arrested a key member of the Carbanak gang believed to be responsible for more than 100 cyber heists worldwide. READ MORE → ShopDirect set to use AI to detect fraud on phone calls The online retailer has signed a contract to use voice authentication technology from Pindrop to tackle fraud and improve customer experience. READ MORE → ADVERTISEMENT

IN DEPTH Blockchain not ready for cross-border bank payments The use of blockchain in certain parts of the financial services industry is limited at present due to the additional IT work required around its use.  READ MORE → UK government publishes export strategy for UK cyber security The government has published a guide for UK cyber security firms on how it plans to support their efforts to find and secure opportunities to export their products and services. READ MORE → Ransomware publicity heightened awareness but other threats remain, experts say Due to several high profile attacks over the past year, ransomware is now well known across organisations, but there are other threats to be aware of, say cyber security experts. READ MORE → CQC raises concerns over quality of online primary care services Care Quality Commission’s inspection into online or app-based GP services finds that 43% of providers aren’t adhering to “safe care” regulations. READ MORE →

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