News

H&M has been fined $41 million for violating its workers’ privacy. The company’s service centre in Germany recorded private information about ‘several hundred employees,’ an investigation found.

H&M has been fined 35 million euros ($US41.1 million) by a German watchdog after monitoring “several hundred employees” at its service centre in Nuremberg, Germany. This is the second-largest fine levied against a single company over data breaches after the EU introduced new General Data Protection Regulation laws in 2018. […]
H&M has been fined $41 million for violating its workers’ privacy. The company’s service centre in Germany recorded private information about ‘several hundred employees,’ an investigation found.
Markets

US GDP report showed ‘how big of a hole we have to dig ourselves out of’: Here’s what 5 economists are talking about following the record output slump

US gross domestic product slumped at a record 33% annualized rate in the second quarter, according to figures released Thursday. The report reflected April, May, and June, a period that captures both the sweeping lockdowns to contain coronavirus and states’ earliest reopening efforts. Here’s what five economists had to say […]
US GDP report showed ‘how big of a hole we have to dig ourselves out of’: Here’s what 5 economists are talking about following the record output slump
Tech

Tech companies are at the centre of a major shift in the relationship between workers, consumers, and businesses — and executives are reacting

Tech executives’ top concerns for 2020 are workforce issues, healthcare, and data privacy, according to a recent survey from PricewaterhouseCoopers. Their priorities reflect how workers and consumers’ relationships with tech companies are changing, driven in part by new business models – from digital ads to the sharing economy – that […]
Tech companies are at the centre of a major shift in the relationship between workers, consumers, and businesses — and executives are reacting
Tech

Most Americans fear they have lost control of their personal information, as Facebook and Google continue to dominate the online ad market

Technology platforms like Google and Facebook are raking in record revenues from helping advertisers use personal information to target ads, as the industry continues to grow. At the same time, an overwhelming majority of Americans are concerned about companies harvesting their personal information and say the risks outweigh the benefits, […]
Most Americans fear they have lost control of their personal information, as Facebook and Google continue to dominate the online ad market
Tech

Marriott gets slammed with $123 million fine after a major data breach exposed the personal data of 339 million hotel guests

The UK’s Information Commissioner’s Office (ICO) plans to finehotel giant Marriott International £99 million (about $US123 million) for a data breach that exposed the sensitive data of 339 million guests. The breach occurred in 2014 in hotel company Starwood’s database. Marriott inherited the undetected breach when it bought Starwood in […]
Marriott gets slammed with $123 million fine after a major data breach exposed the personal data of 339 million hotel guests
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