China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban on Chinese banks and other institutions handling cryptocurrencies, the state-run financial system might be indirectly […]
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As the world goes full steam ahead toward a digital economy, both the private and public sectors are looking to bolster their online capabilities across the board, and especially through digital identity verification. A new study from Juniper Research has found that spending on digital identity verification by businesses will reach $16.7 billion in 2026, […]
If your business falls victim to ransomware and you want simple advice on whether to pay the criminals, don’t expect much help from the U.S. government. The answer is apt to be: It depends. “It is the position of the U.S. government that we strongly discourage the payment of ransoms,” Eric Goldstein, a top cybersecurity […]
As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The […]
Carnival Corp. said Thursday that a data breach in March might have exposed personal information about customers and employees on Carnival Cruise Line, Holland America Line and Princess Cruises. In a letter to customers, the company indicated that outsiders might have gained access to Social Security numbers, passport numbers, dates of birth, addresses and health […]
NortonLifeLock, a global leader in consumer Cyber Safety, announced on Monday new and expanded privacy offerings to help people keep their sensitive information more private and take control of the information shared about them online. More than half of consumers globally don’t know how to protect their online privacy, leaving many defenseless to cybercriminals, according […]
National data watchdogs will be able to pursue big tech firms even if they are not their lead regulators, the European Union’s top court has ruled. The Court of Justice of the European Union (ECJ) ruling opens the way for national agencies to act against US tech companies such as Google, Twitter and Apple which […]
A cyberespionage campaign blamed on China was more sweeping than previously known, with suspected state-backed hackers exploiting a device meant to boost internet security to penetrate the computers of critical U.S. entities. The hack of Pulse Connect Secure networking devices came to light in April, but its scope is only now starting to become clear. […]
McDonald’s has become the latest company to be hit by a data breach after unauthorized activity on its network exposed the personal data of some customers in South Korea and Taiwan. McDonald’s Corp. said Friday that it quickly identified and contained the incident and that a thorough investigation was done. “While we were able to […]
Google announced on Monday a series of updates that build upon its vision to deliver a single, integrated communication and collaboration solution to everyone via Google Workspace. Now, all of the company’s three billion-plus existing users across consumer, enterprise, and education have access to the full Google Workspace experience, including Gmail, Chat, Calendar, Drive, Docs, […]