Fine
FTC will send $25.5 million to victims of tech support scams
Later this week, the Federal Trade Commission (FTC) will start distributing over $25.5 million in refunds to those misled by tech support companies Restoro and Reimage’s scare tactics. The FTC will send 736,375 PayPal payments starting March 13 to consumers tricked into paying for unnecessary computer repair services. Between now and March 13, those eligible […]
KuCoin to pay nearly $300 million in penalties after guilty plea
KuCoin’s operator, PEKEN Global Limited, pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay $297 million in penalties to settle charges in the U.S. The cryptocurrency exchange was charged in March 2024 for its failure to implement the required anti-money laundering (AML) requirements, allowing cybercriminals to use the platform to launder their proceeds. According […]
PayPal to pay $2 million settlement over 2022 data breach
New York State has announced a $2,000,000 settlement with PayPal over charges it failed to comply with the state’s cybersecurity regulations, leading to a 2022 data breach. The Department of Financial Services (DFS) action says that threat actors took advantage of security gaps in PayPal’s systems to conduct credential stuffing attacks that provided access to sensitive […]
Ireland fines Meta $264 million over 2018 Facebook data breach
The Irish Data Protection Commission (DPC) fined Meta €251 million ($263.6M) over General Data Protection Regulation (GDPR) violations arising from a 2018 personal data breach impacting 29 million Facebook accounts. The breach was caused by the exploitation of user access tokens by unauthorized parties, exposing sensitive user data such as names, email addresses, phone numbers, and physical locations, […]
UK nuclear site Sellafield fined $440,000 for cybersecurity shortfalls
Nuclear waste processing facility Sellafield has been fined £332,500 ($440k) by the Office for Nuclear Regulation (ONR) for failing to adhere to cybersecurity standards and putting sensitive nuclear information at risk over four years, from 2019 to 2023. According to the ONR announcement, Sellafield failed to follow its own approved cybersecurity protocols by leaving multiple […]