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
Tech

Facebook gets maximum fine for the catastrophic Cambridge Analytica data breach

Facebook has been fined £500,000 ($US645,000) by the UK’s Information Commissioner’s Office for the Cambridge Analytica data breach. It is the maximum possible fine available to the British watchdog, but would have been much higher had Europe’s GDPR rules been in force when the breach took place. Information Commissioner Elizabeth […]
Facebook gets maximum fine for the catastrophic Cambridge Analytica data breach
Markets

Europe is killing it in crypto

The value of “token sales” in Europe this year is about $US4.1 billion, far above the $US2.6 billion in the US and $US2.3 billion raised in Asia. Until the crash of 2008 it was the banking industry that siphoned off Europe’s top minds. Not anymore. In the race to be […]
Europe is killing it in crypto
Markets

Ethereum plunges to its lowest level in 11 months

Ethereum plunged as much as 17% Monday, sinking to a low of $US285.14 per token, it’s lowest price since September 2017. Other major cryptocurrencies, like the flagship bitcoin and Ripple’s XRP, also saw significant selling and were down about 1% and 5%, respectively. Ethereum is closely intertwined with initial coin […]
Ethereum plunges to its lowest level in 11 months
Tech

Michael Clarke endorsed an Australian ICO and some of his fans are furious

Former Australian cricket captain Michael Clarke is endorsing an initial coin offering for a new Australian cryptocurrency exchange called Global Tech. Fans aren’t happy, and one famous hedge fund manager has warned him to avoid it. Initial coin offerings (ICO) are the new ostrich farming. If your investment memory doesn’t […]
Michael Clarke endorsed an Australian ICO and some of his fans are furious
Tech

A company targeted at new mothers is facing a fine for selling data to Labour for its general election campaign

The UK’s data watchdog plans to fine Emma’s Diary, which offers advice to expectant mothers, £140,000 for selling people’s personal information to the Labour Party. The data was used in Labour’s general election campaign in 2017, according to the Information Commissioner’s Office, but sharing that information was illegal. Lifecycle Marketing, […]
A company targeted at new mothers is facing a fine for selling data to Labour for its general election campaign