WhatsApp, the world's leading messaging platform, has been hit with a €5.5m ($5.9m) fine for violating the General Data Protection Regulation (GDPR) by Ireland’s Data Protection Commission (DPC). The consequences of these violations have raised concerns about the privacy and security of user data.

Source: Verdantix

Rising losses from extreme weather are driving a global surge in investment in climate risk digital solutions, a new report from leading independent research and advisory firm Verdantix says.

The accounts of 34,942 PayPal users were hacked between the 2nd and 6th of December 2022 by unauthorised parties through a credential stuffing attack. Hackers potentially gained access to customers’ personal data, including their name, address, date of birth, tax ID number, and social security number.

The six largest US banks have been tasked by the Federal Reserve to analyse the impact of trial scenarios for both physical and transition risks related to climate change on real estate assets in their portfolios.

Coinbase will pay a $50 million penalty and invest another $50 million in its compliance programme to settle a New York State regulatory investigation into its anti-money laundering practices.

US regulators have warned banks to be on their guard against the risks posed by exposure to the crypto asset sector in the wake of the implosion of crypto-exchange FTX and heightened volatility in the market.

Security researchers are warning about the Godfather, an Android banking Trojan that has targeted the users of more than 400 apps.