Page 7 - AccumeView - September 2019

Regulatory and

Privacy News

Facebook pays record-breaking $5bn fine over privacy breaches - Facebook will pay a record-breaking
$5bn fine for violating the privacy of millions of its users, the US Federal Trade Commission announced
on Wednesday. The social network will also be subject to what the FTC called “unprecedented new
restrictions” designed to ensure executives are held accountable for privacy decisions. The agency
opened an investigation into the social network last year after Cambridge Analytica harvested details of
87 million profiles the company used to target. Facebook violated a 2012 FTC order by deceiving users
about the effects of its privacy settings on the security of their personal data.

Source: https://www.independent.co.uk/news/business/news/facebook-record-fine-privacy-
breach-a9019431.html

European Central Bank Shuts Down 'BIRD Portal' After Getting Hacked - The European Central Bank
(ECB) confirmed Thursday that it had been hit by a cyberattack that involved attackers injecting malware
into one of its websites and potentially stealing contact information of its newsletter subscribers.
Headquartered in Germany, the European Central Bank (ECB) is the central bank of the 19 European
Union countries which have adopted the euro and is itself responsible for supervising the data protection
practices of the banking system across these countries.
Source: https://thehackernews.com/2019/08/european-central-bank-hack.html

Hackers are actively trying to steal passwords from two widely used VPNs - Hackers are actively
unleashing attacks that attempt to steal encryption keys, passwords, and other sensitive data from
servers that have failed to apply critical fixes for two widely used virtual private network (VPN) products,
researchers said. The vulnerabilities can be exploited by sending unpatched servers Web requests that
contain a special sequence of characters, researchers at the Black Hat security conference in Las Vegas
said earlier this month. The pre-authorization file-reading vulnerabilities resided in the Fortigate SSL VPN,
installed on about 480,000 servers, and the competing Pulse Secure SSL VPN, installed on about 50,000
machines, researchers from Devcore Security Consulting reported.

Source: https://arstechnica.com/information-technology/2019/08/hackers-are-actively-trying-to-
steal-passwords-from-two-widely-used-vpns/

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