Why robust KYC procedures are crucial for all SaaS companies [Q&A]
For banks, know-your-customer (KYC) measures amount to 40 percent of all anti money laundering (AML) compliance costs, totaling $5.7 million each year. This sum is tiny, however, compared to what is paid for non-compliance. In 2022, global fines for inadequate AML grew by 50 percent, almost reaching $5 billion.
We spoke to Vaidotas Šedys, head of risk management at web intelligence platform Oxylabs, to discover that KYC-related challenges are not just faced by banks but are an issue for proxy and web scraping service providers too.
Privacy-focused mobile operating system /e/OS rolls out new version
If you have an Android phone you'll no doubt be aware of the risk that unwanted trackers can access your data while you're using third-party apps or browsing the web.
If you're worried about being tracked though there is an alternative in the form of /e/OS which has a focus on privacy and can be can be flashed on numerous Android devices to replace Google's ubiquitous OS. Today sees the release of V2 of /e/OS which offers further privacy controls, tools and improved user interface.
Free test lets you check how websites measure up to privacy rules
Governments around the world have been busily introducing privacy rules over the last few years and only this month the US Congress introduced a draft of a new federal law, the American Privacy Rights Act (APRA).
But how do you know if the websites you use are following the rules? ImmuniWeb is launching a new free website privacy test with checks and verifications that cover specific requirements of the majority of modern privacy, data protection and consumer protection laws in the US, UK, Europe and other regions.
Privacy Preserving Ads: Microsoft's plan to eliminate third-party cookies
Third-party cookies are on their way out. Google plans to disable third-party cookie support in Chrome for all users later this year. Mozilla and Apple announced plans to drop support for third-party cookies in their browsers, Firefox and Safari, as well.
Microsoft announced its plans for a third-party cookie-less future this week. Third-party cookie support is eliminated in Microsoft Edge in the near future.
Tails 6.0 Linux distribution: The ultimate privacy shield to thwart 'Big Brother'
Tails 6.0, the newest version of the privacy-focused Linux distribution, is now available for download. It is notable for being the first version of Tails to be based on Debian 12 (Bookworm) and use the GNOME 43 desktop environment. This update also introduces a host of new features, security enhancements, and usability improvements, alongside updated versions of the majority of the software included in Tails.
In Tails 6.0, users will find a new error detection feature for the Persistent Storage, which alerts them about errors when reading or writing from the Tails USB stick. This helps in diagnosing hardware failures and prompts users to backup their Persistent Storage before it's too late. The update also brings automatic mounting of external devices. When an external storage device is plugged in, Tails 6.0 mounts it automatically, and if the device contains an encrypted partition, it offers to unlock the encryption automatically.
Privacy fears lead enterprises to ban GenAI use
New research reveals that that most organizations are limiting the use of generative AI over data privacy and security issues, and 27 percent have banned its use, at least temporarily.
The study from Cisco surveyed 2,600 privacy and security professionals and finds that among concerns cited are threats to an organization's legal and Intellectual Property rights (69 percent), and the risk of disclosure of information to the public or competitors (68 percent).
Google admits that Incognito Mode in Chrome is not as private as you hoped
Those in the know are aware that switching Chrome into Incognito Mode does not mean your browsing is a secret -- but many people assume that the browsing mode offers greater levels of privacy than it actually does.
Now Google has admitted as much. The company is updating its description of Incognito Mode in response to a lawsuit. The revised wording makes it clear that Google continues to collect data about user activity in Incognito Mode.
Threads is about to gain millions more users as Meta prepares for EU launch in a matter of days
Concern surrounding Elon Musk and his control of Twitter, or X as he decided to rename it, caused an exodus of users seeking a new social media home. The likes of Mastodon and Bluesky have proved popular, but it was Meta's Threads that generated the greatest levels of excitement.
Right from the offset, however, Threads fell victim to strict European data privacy regulations meaning it was unable to launch in the EU. Now this is set to change, with Meta counting down to an EU launch of Threads on December 14 giving the potential for millions of new user to access the service.
Win10Privacy 5.0 gives you complete control over your privacy in Windows 10 and Windows 11
When it was first released, Windows 10 famously spied on users and shared all sorts of information with Microsoft. Over the years, the software giant has reigned in this behavior and introduced a wealth of privacy controls to let you manage what you share.
That said, these controls are scattered throughout the OS and finding them isn’t always easy. This is where Win10Privacy can help.
Why good cyber hygiene is a strategic imperative for UK SMEs
No company is immune from a cyber-attack, with large and small being targeted. As technologies advance and cybercriminals hone their skills, evolve their tactics, and find new vulnerabilities to exploit, companies can no longer ask the question of if a cyber attack will occur but when and how it will happen.
While the number of data breaches is cause for concern, the cost associated with them is equally alarming. According to Cybersecurity Ventures, the global average cost of a cyberattack has ballooned to $4.45 million, increasing by 15 percent over the past three years. Even more sobering is that it shows no signs of easing, as global cybercrime costs are projected to reach $10.5 trillion annually by 2025.
Understanding LLMs, privacy and security -- why a secure gateway approach is needed
Over the past year, we have seen generative AI and large language models (LLMs) go from a niche area of AI research into being one of the fastest growing areas of technology. Across the globe, around $200 billion is due to be invested in this market according to Goldman Sachs, boosting global labor productivity by one percentage point. That might not sound like much, but it would add up to $7 trillion more in the global economy.
However, while these LLM applications might have potential, there are still problems to solve around privacy and data residency. Currently, employees at organisations can unknowingly share sensitive company data or Personal Identifiable Information (PII) on customers out to services like OpenAI. This opens up new security and data privacy risks.
WhatsApp now lets you hide your IP address, but there are a couple of catches
In a sea of messaging apps, WhatsApp remains one of the most widely used, its popularity buoyed by end-to-end encryption. Meta has now added a new feature aimed at "those who are particularly privacy-conscious".
There is a new option to protect your IP address by hiding it from other WhatsApp users during calls. This is important as IP addresses can reveal quite a lot, including location. While the new call relaying privacy measures are likely to be welcomed, there are a couple of significant caveats to keep in mind.
Privacy tool DoNotSpy11 updated with Windows 11 23H2 support and the option to disable Windows Copilot
Microsoft is just one of many tech companies that people view with suspicion when it comes to privacy. Over the years, Windows has been infected with all manner of privacy-invading telemetry features and settings -- particularly in the case of Windows 11 -- and there has been a fightback from users and software developers alike.
DoNotSpy11 is a tool that empowers concerned users to protect their privacy by blocking telemetry and disabling features of Windows. Now the software has been updated, and DoNotSpy11 version 1.2.0.0 introduces full support for the latest Windows 11 23H2 and makes it possible to disable the AI-powered Copilot.
Unveiling the true value of privacy
Ask your clients, your friends, or anyone on the street: nobody likes to share their data, especially with people or companies they don't know. We routinely press 'no' on pop-ups asking for cookies in our browser, and of course you’re just as likely to say 'no' to any proposal to share your data to improve a product, even anonymously. People value privacy, even if that's somehow in contradiction with the fact that some of us also share the most private moments on social media.
Does this diffused privacy awareness influence how companies relate to their customers and manage their products and services? Well, not quite. Most of the time, organizations simply don't implement anything which would truly protect the privacy of their users. They typically say things like "your data is protected" or "we are trusted by big companies". And even where regulations and policies are in place, this might not always force these organizations to have particular protections, even when it comes to very sensitive data like health data or financial information. Why? Is it not possible to do more?
Mission data privacy: Empowering consumers in an era of rapid change
Whether browsing online for clothes or catching up on the latest news, we’ve all had that unwanted internet cookie pop-up appear. At face-value they may seem harmless, but cookies are a goldmine of private information, posing a serious risk to your data privacy. Today, consumers face a new predicament surrounding attitudes toward their valuable data. When personal data is stolen by a cybercriminal, that offense is the online equivalent of a physical robbery, but the severity of data theft is being overlooked.
From a regulatory standpoint, concerns over data privacy have prompted stricter actions from governments and organizations globally as they try to grapple with the challenge of striking a balance between data security and user privacy. Now, in response to increasingly sophisticated criminal tactics, there must be a shift from slow, reactive regulation towards adopting more proactive strategies that both anticipate and mitigate against potential risks. This will be key to shaping a secure, privacy-conscious future.
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