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$63 Million in fines imposed since GDPR Law went into full effect
May 16th, 2019
GDPR: Europe Counts 65,000 Data Breach Notifications So Far European privacy authorities have received nearly 65,000 data breach notifications since the EU’s new privacy law went into full effect. In addition, regulators in 11 European countries have imposed $63 ...
Wrong handling of user data may cost up to $5B for Facebook
April 25th, 2019
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially massive penalty from the nation’s top consumer protection agency. The ...
Hotmail founder: cryptocurrencies are fraudulent
June 11th, 2018
The founder of Hotmail, Sabeer Bhatia, has issued a stark warning for cryptocurrency investors. Speaking to Arabian Business, the 49-year-old from Chandigarh in north-west India, who founded and then sold dotcom success story Hotmail in the late 1990s, said ...
Facebook and Google accused of violating GDPR on first day of the new European Privacy Law
June 6th, 2018
When Mark Zuckerberg testified in front of members of the European Parliament, he insisted that Facebook was ready for Friday, the day when the European Unions’s strict new data privacy law went into effect. But users in Europe have ...
Facebook has a giant, Europe-sized legal problem
December 28th, 2017
Europe continues to be a giant pain in Facebook’s app. Germany and France this week both hammered Facebook for its data practices, though in different ways. Germany’s competition regulator declared on Monday that Facebook is using its dominance in ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
The ‘robot lawyer’ giving free legal advice to refugees
March 9th, 2017
A technology initially used to fight traffic fines is now helping refugees with legal claims. When Joshua Browder developed DoNotPay he called it “the world’s first robot lawyer”. It’s a chatbot – a computer program that carries out conversations ...
Huge gas finds in Mediterranean Sea waiting to be tapped
February 16th, 2017
Huge gas finds in Mediterranean Sea waiting to be tapped As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for ...
Court froze $11.7 million of Facebook funds because of a legal case
July 28th, 2016
The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais ($11.7 million) of funds held in Facebook Inc’s account for failing to comply with a court order to supply ...
ADS Securities expands to full-service brokerage in Hong Kong
June 8th, 2016
ADS Securities, the Abu Dhabi-based international financial services firm, today announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses ...
