Technology

By Sebastian Bergmann via Wikimedia Commons

Yahoo agrees to pay $50m in data breach damages

Yahoo has agreed to pay $50 million in a preliminary settlement of a US federal lawsuit stemming from a series of data breaches that...
cryptocurrencies-exchanges

Two imperatives to prevent crypto-exchanges from getting hacked

Hacks of cryptocurrency exchanges in the first half of 2018 led to losses of over $770 million (£594 million) highlighting the continued vulnerability of...

Amazon discreet ambitions to disrupt the insurance industry

Amazon appears to be on the cusp of its long-anticipated entrance into the insurance industry – and markets appear nervous. Shares in insurance companies wobbled...
Vestager announcing Google €4.34 Billion fine for breaking EU antitrust rules

Google business model under siege in Europe after record fine

A record fine from the European Commission (EC) might force Alphabet to change its business model. The Commission’s actions reveal that the risk of...
Telegram Messaging App

Russia ban on Telegram flares up the privacy vs security battle ahead

Telegram, popular messaging app, has been making the rounds following a highly publicized ban of the service in Russia. The official explanation for the...
Facebook Forest City Data Center

Facebook Cambridge Analytica scandal a godsend for upcoming GDPR

Facebook scandal that allowed the data of 50 million users to fall into the hands of political consulting firm Cambridge Analytica (CA) is perhaps...
Uber driverless car prototype stopped after accident at Tempe, AZ

Fatal Uber accident exposes risks and challenges with autonomous driving

Uber’s recent tragic driverless car accident that saw a woman lose her life exposes the risks and challenges of self-driving cars technology. The past week...
woman checking her mobile paypal venmo account

PayPal Venmo settles FTC charges over security and privacy flaws

PayPal settles Federal Trade Commission (FTC) charges over security and privacy flaws in its peer-to-peer (P2P) payment app Venmo. As part of the settlement, Venmo...
US CFTC Christopher Giancarlo discussing ICOs during virtual currencies meeting

Two major risks to sway the uncertain ICOs market future

US Commodity Futures Trading Commission (CFTC) followed regulators around the world in issuing a stern warning regarding the potential pitfalls of cryptocurrency speculation. The regulator...
Smart home controlled via wall-mounted control-panel

Smart homes imminence presents new incentives to insurers

Five in 10 US households with either homeowners or renters insurance policies are interested in installing smart devices in their home that can detect,...
Woman at airport checking flights information board for delays

AXA testing Blockchain with new flight delay insurance product

French insurer AXA launches new flight delay insurance product based on the latest Blockchain technology that offers automatic compensation to travellers who have their...
laptop screen showing code used for hacking

Latest Equifax breach is creating a cybersecurity fatigue

The greatest danger from massive cyberattacks like the Equifax hack is “data breach fatigue.” Data breach fatigue occurs when people simply stop paying attention to...
WannaCry screen: Oops, your files have been encrypted!

WannaCry attack exposes the risks of an interconnected online world

The massive WannaCry cyberattack on 12 May 2017 demonstrates the need to insure against the risks created in today’s interconnected online world. WannaCry – also...
Citizens-election-day-at-the-booths

The risks from election hacking

Allegations of election hacking in the United States have exposed the vulnerability of modern political systems to outside interference. The reaction to the hacking...

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