The Federal Trade Commission (FTC) reports that text message scams cost $330 million in losses in 2022. Being alert to scams and educating employees about them can protect your company, your employees, and your data from catastrophic consequences. In 2022, the FTC indicated that these were the top text message scams: #1: #1: Copycat Bank…
A coalition of civil liberties and human rights groups have launched a campaign to pressure tech companies to commit to stronger privacy and security practices via a Security Pledge, that they contend “would ensure the Internet is used to expand democracy, not undermine it” if adopted. The pledge borrows several elements from the European Union’s GDPR…
Last week credit reporting agency Equifax announced a data breach in which hackers gained access to data for approximately 143 million Americans (or approximately 44 percent of the population). As some have noted, this is not the biggest data breach in history, but it may be the worst. What Data Was Hacked According to Equifax,…
Since 2002, the FTC has brought over 50 data security enforcement actions under Section 5 of the FTC Act. Most companies quickly enter consent decrees with only two companies making the choice to fight the FTC. The first was Wyndham Worldwide Corporation which challenged the FTC’s authority over data security only to have the Third Circuit…
Cyber Report 