Amazon in a Luxembourg court Tuesday contested a once-record privacy fine levied against the e-commerce giant for its advertising practices by the diminutive country’s data protection authority. At the hearing in Luxembourg’s administrative court, Amazon lawyer Thomas Berger accused the Luxembourg regulator of attacking the company based on unfound allegations, Bloomberg reported. Amazon’s European headquarters…

Swedish DPA Fines Insurer The Swedish data protection authority fined insurer Trygg-Hansa $3 million for a data breach that exposed the sensitive information of approximately 650,000 customers through the company’s online portal. The data protection authority’s investigation revealed the exposure had gone on for over two years, from October 2018 to February 2021. The breach…

Experts are ringing the alarm bells over the risks unfettered development of artificial intelligence (AI) technology could pose to humanity. Enter the European Union (EU), already a leader in data protection and privacy rights, where the EU Parliament has agreed on a law governing AI technology. Jonathan Dambrot, CEO of Cranium, says it’s not surprising…

European Union lawmakers have criticized the British government’s updated privacy bill over concerns that it fails to adequately protect European citizens’ fundamental rights. Lawmakers also heard from the Irish data authority on the status of its pending TikTok inquiry. At a European Parliament hearing on Tuesday, members of the Civil Liberties, Justice and Home Affairs…

Meta has been fined $1.3 billion (€1.2 billion) by the Irish Data Protection Commission (DPC) for violating the terms of the EU’s GDPR by continuing to transfer EU users’ data to the US without adequate safeguards. Meta has failed to “address the risks to the fundamental rights and freedoms” of Facebook’s European users, the DPC…

The cybersecurity landscape for financial institutions and finance technology (fintech) has changed dramatically in the past few years, and 2023 will likely be no different. In 2022, for example, distributed denial-of-service (DDoS) attacks targeting financial firms increased by 22% worldwide, compared to the previous year, according to a joint report published by the Financial Services…

Following the discovery of a data set of Facebook user personal data available on the Internet, the European Union’s Data Protection Commission (DPC) has found Meta Platforms Ireland Ltd. (MPIL) in violation of General Data Protection Regulation rules, fining the platform $275 million (€265 million), and requiring the company to make cybersecurity changes. The breached…

More than half of the world’s websites use Google Analytics to help their owners understand the behavior of users. The software, which deploys cookies to track user behavior, costs nothing in cash terms — though the vast trove of data helps to fuel Google’s massive profits. However, in 2020 the framework overseeing how personal data…