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Russia Fines Facebook $47 Over Citizens' Data Privacy Dispute

Russia Fines Facebook $47 Over Citizens' Data Privacy Dispute

Apr 12, 2019
Yes, you read that right! Russia has fined Facebook with 3,000 rubles, roughly $47, for not complying with the country's controversial Data Localization law. It's bizarre and unbelievable, but true. In December last year, Russian Internet watchdog Roskomnadzor sent notifications to Twitter and Facebook asking them to provide information about the location of servers that store the personal data of its citizens. Roskomnadzor – also known as the Federal Service for Supervision in the Sphere of Telecom, Information Technologies, and Mass Communications – is Russian telecommunications watchdog that runs a huge blacklist of websites banned in Russia. Though the social media platforms had one month to reply, they choose not to disclose this information, as a result of which Moscow's Tagansky District Court imposed 3,000 rubles fine on Twitter last week and the same on Facebook today. The fine is the minimum that Russian courts can impose on companies for violatin
Save the Internet: FCC Unveils Plan to Rollback Net-Neutrality Rules

Save the Internet: FCC Unveils Plan to Rollback Net-Neutrality Rules

Apr 27, 2017
After crushing a set of privacy rules on ISPs that restrict them from sharing your online data with third parties without your consent, President Donald Trump's newly appointed FCC chairman Ajit Pai has announced the first move in its efforts to kill off Net Neutrality. The US Federal Communications Commission (FCC) has announced that it will roll back net neutrality rules that require Internet service providers (ISPs) to treat all services and websites on the Internet equally. Before moving forward, let's first understand What does Net Neutrality mean? What is Net Neutrality And Why It's Important? Net Neutrality is simply the Internet Freedom — Free, Fast and Open Internet for all. Net Neutrality is the principle that ISPs should give consumers access to all and every contents and application on an equal basis, treating all Internet traffic equally. Today, if there is something that makes everyone across the world 'Equal,' it's the Internet. Equality over
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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