Security news for July 30 2021: The Netherlands issues a precedent setting fine to TikTok
Here is your round-up of some of the more interesting cybersecurity headlines for the week of July 30, 2021:
In one of the more bizarre cases of social engineering, hackers masqueraded as an aerobics instructor on Facebook in an attempt to infect the machine of an employee of an aerospace defense contractor. This was part of years-long social engineering and targeted malware campaign. Do your employees have the knowledge and training to avoid social engineering campaigns?
The Netherlands’ Data Protection Authority has issued TikTok a €750,000 fine for failing to provide its privacy and data protection terms in full in the Dutch language. The organization claims that many children and adults who use the popular video-sharing app are unable to understand and consent to the information. Do you think that the fine is justified or excessive?
The average cost of a data breach continues to climb, according to IBM’s 17th annual global study of the cost to an organization of a security incident. Participants estimated data breaches cost their companies an average of $4.24 million USD per incident, said the report issued Wednesday. That’s the highest cost in the survey’s history! Can your company afford an avoidable $4.24 million incident?