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TechRadar

The Committee on Foreign Investment in the United States (CFIUS), part of the US Department of the Treasury, has announced (via Reuters) its largest ever penalty against T-Mobile in response to the network provider’s failure to prevent and report unauthorized access to sensitive data.The $60 million fine concerns T-Mobile's violation of a mitigation agreement relating to its $23 billion acquisition of Sprint in 2020.The multibillion-dollar fine was issued to penalize the company for data breaches that occurred in 2020 and 2021.
T-Mobile fined for data breaches four years ago
The fine doesn’t just relate to the occurrence of the data breaches, but...

T-Mobile fined $60 million over unauthorized data access

To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. Last week, I got the scoop on publicly traded fintech Payoneer acquiring Singaporean startup Skuad for $61 million in cash, with the potential to pay up to $81 million. This was a pretty fast exit for Skuad founder Sundeep Sahi, who launched the company in 2019 with the aim of simplifying international hiring and had raised $19 million in venture funding. Both Payoneer and Skuad are geared toward SMBs that operate internationally, particularly in emerging markets. Notably, rather than build out the tech itself, Payoneer decided to acquire Skuad and integrate its payroll and contract management products into its own offering.

Payoneer scoops up Skuad, Robinhood’s strong Q2, and X is making progress on payments

Specifically, about $60 million — a hefty civil penalty to settle allegations that the telecom giant failed to report incidents of unauthorized access to sensitive data, violating a national security agreement it made to acquire Sprint in 2020. It’s the largest fine ever imposed by the Committee on Foreign...

T-Mobile is paying the price for bad data security.

From huge stores of customers’ personal information getting scraped, stolen and posted online, to reams of medical data covering most people in the United States getting stolen, the worst data breaches of 2024 to date have already surpassed at least 1 billion stolen records and rising. These breaches not only affect the individuals whose data was irretrievably exposed, but also embolden the criminals who profit from their malicious cyberattacks.

The biggest data breaches in 2024: 1 billion stolen records and rising

Safeguarding the sensitive information within your Microsoft 365 environment is more important than ever. From accidental deletion and ransomware attacks to costly compliance failures, the consequences of inadequate data protection can be severe. It's important to understand the Shared Responsibility Model. The Model explains that Microsoft secures and ensures the uptime of its infrastructure, while you're ultimately responsible for correctly configuring settings, protecting against accidental data loss, and ensuring compliance with relevant regulations. Microsoft 365 provides powerful services, but a comprehensive backup of your data is not included in a standard Microsoft 365 license. Having an effective data protection strategy and comprehensive data backups are your best defense against these invisible dangers.

How to Modernize Your Microsoft 365 Data Protection Strategy to Ensure Business Continuity

Texas State

No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance or with access to the executive suite — into initiating a bank transfer of company funds to a bank account controlled by the fraudsters. These schemes can involve the hacking of email accounts used by executives to send fraudulent instructions to staff on their behalf, or even use deepfakes in efforts to trick unsuspecting employees into transferring funds.

Texas firm says it lost $60M in a bank wire transfer scam

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

Tom's Guide

Hackers used compromised credentials to gain access to sensitive health data from HealthEquity, which administers health savings accounts for patients in the US.

4.3 million people hit in massive healthcare data breach with full names, addresses and SSNs exposed online — what to do now

With the new app, users “won’t have to scroll through a bunch of numbers to get a sense of the day’s weather,” the tech company touted. Instead, users will be able to customize the app based on what sort of weather information they want to see. For example, you could opt to keep an eye on the UV index by dragging and dropping that tile to a more visible location in the app.

Pixel phones get an AI-powered weather app

It was surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level as Rabois had. VC funds have 10-year life cycles and partners have good reason to stay that course. In some...

From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs

Nashville, TN

ITPro

The DoJ has charged an individual for running US operations in  a campaign where North Korean hackers infiltrate US firms posing as tech staff

US citizen charged with aiding North Korean hackers moonlighting as tech workers

The company is offering consumers in the U.S. and 11 European countries the ability to store money in a Klarna “balance” account, where they can deposit money directly from their bank account. They can use the money to pay for purchases in full or to pay for their installments when they use Klarna’s BNPL service.

Klarna takes on banking with new savings, cash-back offerings

USA TODAY

From big banks to car dealerships, 2024 has been a banner year for data breaches. Here are some companies that may have exposed yours and what to do.

A banner year for data breaches: Cybersecurity expert shows how to protect your privacy

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

PYMNTS

Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches. Now, those users — past...

Block to Pay Cash App Users Up to $2,500 in Data Breach Settlement

In the last week, at least four class action lawsuits have been filed in response to what has been described as the biggest breach of Personally Identifiable Information (PII) on record. More than 200 gigabytes of nearly 3 billion records containing the PII of an unknown number of “U.S., Canadian, and British citizens” – including Social Security numbers and criminal records – were stolen in a hack of the computer systems of National Public Data, a Florida-based data broker.

Data breach exposes 3 billion PII records, class action suits filed

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

NewsBreak

Kiteworks captures $456M at a $1B+ valuation to help secure sensitive data

It’s a notable development for the San Mateo-based startup, which was formerly known as Accellion and suffered a major data breach in 2021. That incident, related...

Kiteworks captures $456M at a $1B+ valuation to help secure sensitive data

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