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Facebook data breach firm shutting down

Facebook data breach firm shutting down

Business
Cambridge Analytica, the political consultancy at the centre of the Facebook data row, has announced it is to close and declare bankruptcy.The British company said it had been "the subject of numerous unfounded accusations" and was "vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas."Eighteen enforcement officers spent the night searching Cambridge Analytica's offices after the High Court granted a warrant in March.The information commissioner obtained a legal order to access their records and data after it emerged the company had harvested information from 50 million Facebook users.The social media giant later revealed that 87 million people may been affected by the leak, with ...
Best Buy warns of data breach

Best Buy warns of data breach

Technology
Best Buy is warning that some of its customers' payment information may have been compromised in a data breach. The retailer is the latest company, along with Delta Air Lines and Sears, to report the cyberattack last fall against a third-party operator of its chat services. Best Buy says a "small fraction" of its online customer population may have been affected, whether or not chat services were used. The software company, (24)7.ai, says it discovered and fixed the breach in October. The attack may have exposed customers' names, addresses, credit card numbers, card security codes and expiration dates. Best Buy says it will directly contact any affected customers and they will not be liable for fraudulent charges. It will also offer free credit monitoring.Let's block ads! (Why?) ABC News...
Here's what you should do after the Lord & Taylor, Saks Fifth Avenue data breach

Here's what you should do after the Lord & Taylor, Saks Fifth Avenue data breach

Finance
Shoppers at Lord & Taylor, Saks Fifth Avenue and Saks OFF 5th stores could have gotten more than they bargained for following news of a data breach at those retailers.News of the intrusion, affecting 5 million card holders at the brands, which are owned by Hudson's Bay Company, emerged over the weekend.The attack affected card payments made in some of the retailers' stores in North America. The company said it does not believe its e-commerce and digital platforms were affected.Hackers have reportedly been selling the compromised information, which they began stealing in May 2017, on the dark web.The size of this breach is "significant," said CreditCards.com senior industry analyst Matt Schulz."People need to understand that when your information is out there, it's out there forever and...
Investigation launched into Facebook data breach

Investigation launched into Facebook data breach

Technology
The Information Commissioner's Office is to investigate a possible data breach affecting more than 50 million Facebook users. It comes as a whistleblower told a newspaper how Cambridge Analytica, a data analytics firm that worked with Donald Trump's election team, used personal information taken without permission in early 2014 to build a system that could profile US voters so they could be targeted with personalised political advertisements.The company is owned by hedge-fund billionaire Robert Mercer and was led at the time by Mr Trump's key adviser Steve Bannon.Christopher Wylie, who worked with an academic at Cambridge University to obtain the data, told The Observer: "We exploited Facebook to harvest millions of people's profiles and built models to exploit what we knew about them and ...