New Standard Contractual Clauses approved by EU – and what they mean for UK businesses June 15, 2021 | City Talk The EU’s General Data Protection Regulation (GDPR) made headlines when introduced in 2018, and led to significant changes to how UK businesses handle data. This year – and even though the UK has left the EU – there are new EU data rules coming in, to which UK businesses may need to respond. The latest [...]
US Supreme Court gives LinkedIn fresh chance to stop data harvesters June 14, 2021 The US Supreme Court today granted LinkedIn another chance to prevent a rival recruitment data company from scraping personal data from its platform. LinkedIn previously tried to use the the Computer Fraud and Abuse Act to prevent rival hiQ from harvesting customer data from their public-facing user profiles. The Act prohibits accessing a computer without [...]
3 in 4 Londoners happy to share personal data to speed up post-Covid freedom June 8, 2021 Three-quarters of Londoners would be comfortable sharing their personal healthcare, location and contact data to regain post-pandemic freedom, according to a new survey. It comes after the NHS app gained over 1.3m new registrations after its vaccine-status capability was announced. Londoners are more willing than the rest of the UK, whose eagerness came in slightly [...]
Boris Johnson’s Spamalot: Conservative Party fined £10,000 over nuisance emails June 3, 2021 The Conservative Party has been fined £10,000 for sending dozens of marketing emails to people who did not want to receive them. Data watchdog the Information Commissioner’s Office (ICO) opened a probe into the party over 51 emails sent in Boris Johnson’s name over the eight days after he was elected prime minister in July [...]
Investment professionals must beware of the cyber risks in portfolios May 25, 2021 | City Talk Internet security blog posts are usually more at home on the inside pages of IT trade publications than on the front pages of international newspapers. The one published by Microsoft Corporate Vice President Tom Burt on 2 March, about the emergence of “state-sponsored threat actor” Hafnium, was a notable exception. A new threat had emerged, [...]
Weekend Read: Foreign investors flee Myanmar as regime strengthens grip May 16, 2021 Businesses have continued to bow out of Myanmar after the bloody coup has killed more than 750 people and seen over 5,000 arrested for protesting the military’s forced reign. Companies began to flee Myanmar in March, like Japanese beverage group Kirin which had a $1.7bn stake in Myanmar Economic Holdings Public Company Limited, a company [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Tiktok sued for billions over children’s data concerns April 21, 2021 Tiktok is being sued for billions of pounds over allegations the video-sharing app illegally harvested the private data of millions of European children. The lawsuit, which is being backed by former children’s commissioner for England Anne Longfield, alleges that every child that has used Tiktok since 25 May 2018 may have had personal information collected [...]
Grindr hit with £8.5m fine over data privacy breach January 26, 2021 Grindr is set to be slapped with a hefty fine after regulators found it had illegally disclosed user data to advertising firms. The Norwegian Data Protection Authority has announced an intention to fine the gay dating app 100m krona (£8.5m) — equivalent to 10 per cent of its annual turnover — over the breach. The proposed [...]
What does the WhatsApp saga tell us about privacy in 2021? January 21, 2021 Public trust is steadily declining in the tech sector; WhatsApp’s latest ordeal is a perfect example. The company recently announced it would start sharing sensitive user data with Facebook, including information such as IP address, browser information and phone numbers. Cue a swarm of users deleting the app and fleeing to competitors such as Telegram [...]