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US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

The FBI reported that US citizens have lost more than $68 million to SIM swapping attacks in 2021, the number of complaints since 2018 and associated losses have increased almost fivefold. Use a variation of unique passwords to access online accounts. Use a variation of unique passwords to access online accounts.

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Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

Once obtained the SIM cards, they were able to bypass SMS-based 2FA used to access bank accounts and steal the money. With this, they deceived the employees of phone stores to obtain duplicate SIM cards and, in this way, have access to the bank’s security confirmation messages. Be aware of any changes in SMS-based connectivity.

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The Belgian Constitutional Court annuls Data Retention Act

DLA Piper Privacy Matters

Pursuant to the Data Retention Act, telecom and internet companies are required to retain electronic and telephony data of its users for 12 months for criminal investigation and prosecution purposes. By interim judgment of 19 July 2018, the Constitutional Court referred a request for preliminary ruling to the CJEU.

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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

The company got its start in 2002 in Gulf Breeze, Florida, as a two-man operation that set out to help small firms filter the early waves of email spam. In the not-so-distant past, only elite hackers had access to high-end, cutting-edge hacking tools. You can give a listen to the entire interview at this accompanying podcast.

Risk 182
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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Investments in cybersecurity more than doubled from $12 billion to $29.5 Company Sector Year Status Verodin Cybersecurity analytics 2018 Acquired by FireEye Kenna Security Risk management 2018 Acquired by Cisco PhishMe Incident response 2016 Acquired: P.E. AllegisCyber Capital. Andreessen Horowitz (a16z). BVP Investments.

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EU Council Agrees on Proposed ePrivacy Regulation

Data Matters

The ePrivacy Regulation is meant to replace the existing ePrivacy Directive 2002/58 (ePrivacy Directive), which dates to 2002 and was meant to address the requirements of new digital technologies and facilitate the advance of electronic communication services. The EU encourages software developers to develop tools that facilitate this.

GDPR 68
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UK Supreme Court Rules Morrisons Not Vicariously Liable for Malicious Data Breach by Employee

Data Matters

Case: WM Morrison Supermarkets plc v Various Claimants [2020] UKSC 12. The fact that the employer had given the employee access to the payroll data, as an internal IT auditor, was not sufficient in itself to impose vicarious liability on the employer under the Data Protection Act 1998 (DPA) (now repealed). 2 [2002] UKHL 48.