Bank of America Faces Congressional Probe Over January 6 Information-Sharing
In the latest development surrounding the investigation into banks’ handling of customer information during the January 6, 2021, Capitol attack, House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Bank of America. This move is part of a broader inquiry into the information-sharing practices between financial institutions and the FBI. Despite some documents being provided, the bank has yet to share the complete filing submitted to the FBI. The investigation, initiated in May, raises concerns about the delicate balance between national security imperatives and consumer privacy rights, potentially influencing future legislation on data privacy in the financial sector. The outcome of these inquiries could set crucial precedents for the handling and sharing of customer information by financial institutions.
In the COVID-19 World, Cyber security begs much attention
The upshot of a creative human intellect is new innovations Technology is one of the best innovations of all time, and it has dominated the universe since its beginning. The entire world is now reliant on technology. It is now difficult to escape from this new paradigm. The majority of the industry has made the […]
Like ‘Terminator,’ high-tech cyber crime to ‘keep coming’
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc (8630.T) said on Tuesday.
One password allowed hackers to disrupt Colonial Pipeline, CEO tells senators
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single password.
U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers
The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record.
