US Justice Department Charges Seven Chinese Nationals in Major Cyberattack Scheme
According to a report from the BBC, the US Justice Department and FBI have revealed that millions of Americans' online accounts have been ensnared in what they describe as a "sinister" Chinese hacking scheme that specifically targeted US officials. The operation, which spanned 14 years, has led to charges against seven Chinese nationals accused of orchestrating the cyber-attack campaign.
UniCredit Faces €2.8 Million Fine Over 2018 Data Breach
UniCredit, one of Italy's leading financial institutions and the country's second-largest bank, has found itself in the spotlight once again, this time facing a substantial fine of €2.8 million (£2.3 million) from Italy's data protection authority. The penalty stems from a data breach incident that unfolded in 2018, marking a significant setback for the banking giant.
Klarna Faces Heavy GDPR Fine Upheld by Swedish Court of Appeal
Klarna, the Swedish fintech giant, has been ordered to pay a hefty fine of nearly three-quarters of a million dollars for breaching the European Union's General Data Protection Regulation (GDPR), according to a recent ruling by a Swedish court of appeal.
FTC Settles with Avast Over Privacy Violations
The Federal Trade Commission (FTC) has reached a settlement with software provider Avast, requiring the company to pay $16.5 million and prohibiting it from selling or licensing web browsing data for advertising purposes. This settlement addresses allegations that Avast and its subsidiaries sold such data to third parties despite promising consumers that their products would protect them from online tracking.
JPMorgan Set to Pay $350 Million Settlement Over Trade Data Oversight
JPMorgan Chase & Co. anticipates shelling out more than $350 million to resolve allegations from regulators concerning its failure to input trading information into market-surveillance systems. The largest bank in the United States disclosed this on Friday in its annual filing, stating that it is nearing agreements with two US regulatory bodies and is in advanced discussions with a third.
The United States Imposes Sanctions on Entities Smuggling Technology to Iran's Central Bank
The United States has placed sanctions on multiple companies and individuals involved in smuggling technology to the Central Bank of Iran (CBI), which has been designated by the US for its role in providing financial support to the Islamic Revolutionary Guard Corps-Qods Force and Hizballah.
New York Attorney General Sues Citibank Over Alleged Negligence in Protecting Customers from Fraud
The Attorney General of New York has filed a lawsuit against Citibank, alleging negligence in safeguarding customers against fraudulent activities and scams.
JP Morgan Fined $18 Million by SEC for Obstructing Reporting of Legal Breaches
JP Morgan has been fined $18 million by the Securities and Exchange Commission (SEC) for impeding clients and brokerage customers from reporting legal breaches to regulatory authorities. The payments giant has consented to paying the penalty charge.
