Fintech services provider Plaid Inc. (“Plaid”) accepted a proposed settlement agreement to resolve a number of class-action lawsuits claiming that the company illegally collected and distributed users’ financial data without prior consent.
The Rhode Island retirement system is suing Facebook, and others personally, including Facebook co-founder, Mark Zuckerberg, alleging breaches of fiduciary duty in connection with Facebook’s collection of users’ private information that was obtained by Cambridge Analytica and misused for political purposes.
An ordinance is currently on the desk and awaiting signature from Baltimore Mayor Brandon Scott, which will go into effect 30 days after signing and provide a blanket ban for the use of facial recognition technology within city limits.
Apricorn reports the education industry has a significantly increased risk for cybersecurity attacks than other industries, such as manufacturing, healthcare, and financial services.
A successful ransomware attack occurs every eight minutes. Since phishing is one of the primary methods of launching ransomware attacks companies need to continue educating and training their employees to be vigilant.