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Cambridge Analytica Boss Banned from Holding Company Directorships

26Sep By AdityaNo Comments

News

Cambridge Analytica Boss Banned from Holding Company Directorships

LONDON, 26th Sept. 2020— The boss of Cambridge Analytica has been banned from holding company directorships for seven years effective from 5 October 2020 over a scandal on Facebook users’ private data theft. Britain’s Insolvency Service banned Alexander Nix from running companies after he permitted Cambridge Analytica’s parent firm, SCL Elections Ltd., and connected firms to “market themselves as offering potentially unethical services to prospective clients.” U.K.-based Cambridge Analytica was accused of playing a key role in the 2014 breach of 87 million Facebook users’ personal data. The company denied it used the data for Trump’s 2016 election campaign, but some former employees have disputed that. Facebook CEO Mark Zuckerberg has said that it was “entirely possible” the social m...

Security Flaw in Airtel app exposes Customers Data, Fixed Now

9Dec By Press Trust of IndiaNo Comments

News

Security Flaw in Airtel app exposes Customers Data, Fixed Now

An independent cyber security researcher found technical flaws in an application of Bharti Airtel that exposed "sensitive user information" which the company claims to have fixed now. According to the cyber security researcher Ehraz Ahmed the flaw existed in one of the Airtel app that allows "to fetch sensitive user information of any Airtel subscriber.""It revealed information like first and last name, gender, email, date of birth, address, subscription information, device capability information for 4G, 3G & GPRS, network information, activation date, user type (prepaid or postpaid) And current IMEI number," Ahmed said in his blog. The IMEI number is a unique number that can be used to identify the device of the user. "Every user that is on India's Airtel network was at risk ...

Indian Regulator Says Axis Results Leaked, Orders Lender To Investigate

28Dec By reutersNo Comments

BUSINESS

Indian Regulator Says Axis Results Leaked, Orders Lender To Investigate

India’s market regulator ordered Axis Bank on Wednesday to conduct an internal investigation into a suspected leak of financial information and to strengthen its handling of such data, as part of a probe into messages about company results being circulated on private WhatsApp groups. The Securities and Exchange Board of India (SEBI) order comes after Reuters reported last month that Axis Bank was among 12 companies where messages about quarterly results or other key financial details had circulated through private WhatsApp chatrooms before their official release. The information on Axis Bank, which included key metrics on bad loans and net interest margins, “were either identical or matched closely with the figures” except for one metric, the regulator said in the order, published on...

Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft

4Oct By reutersNo Comments

News

Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft

Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc. The news expands the likely number and claims of class action lawsuits by shareholders and Yahoo account holders, they said. Yahoo, the early face of the internet for many in the world, already faced at least 41 consumer class-action lawsuits in U.S. federal and state courts, according to company securities filing in May. John Yanchunis, a lawyer representing some of the affected Yahoo users, said a federal judge who allowed the case to go forward still had asked for more information to justify his clie...

Food Ordering App Zomato Reports Data Theft of 17 Million Users

18May By Press Trust of IndiaNo Comments

News

Food Ordering App Zomato Reports Data Theft of 17 Million Users

Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database. The stolen information contains user email addresses and hashed passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website. The startups disclosure comes at a time when the world is grappling with the cyber attack by ransomware WannaCry, which has impacted IT networks in over 150 countries. Zomato said the data theft was discovered recently by its security team, without indicating the exact time or if it was related to the WannaCry ransomware attack. "Our team is actively scanning all possible breach vectors and closing any gaps in our environment. So far, it looks like an internal (human...