Tech News

New Employee Retention Practices in the Tech Industry

New Employee Retention Practices in the Tech Industry

Employees will quit if they’re treated unfairly at a workplace. For tech people, shifting jobs is easy, but they’d rather stick with one employer. Good retention practices can help companies avoid high turnover of good tech talent. These include a friendly workplace environment, sound compensation, and fair management.

Zero Knowledge Mitigates GoTo & LastPass Security Breach, Proves Its Worth

Zero Knowledge Mitigates GoTo & LastPass Security Breach, Proves Its Worth

GoTo, (formerly LogMeIn), has issued a formal security breach notification through its blog, indicating that cybercriminals have gained access to its development environment and cloud storage facilities. LastPass, a subsidiary of GoTo, has also issued a similar update to customers. However, no passwords have been stolen and little or no sensitive data has been leaked, as of the present time.

Australia Passes Bill Increasing Data Breach Fines from $2.2 to $50 Million

Australia Passes Bill Increasing Data Breach Fines from $2.2 to $50 Million

The Federal Government of Australia passed a bill announcing increases in fines against companies involved in, or those failing to protect users against, data breaches. The amendment is mainly aimed at larger corporations in light of a slew of data breaches that were inadequately addressed in the past. It increases the total fine from 2.2 to 50 million AUD.

Meta Fined €265 Million for GDPR Breach Involving Data Scraping

Meta Fined €265 Million for GDPR Breach Involving Data Scraping

The Irish Data Protection Commission (DPC) has fined Meta €265 million ($277 million) for GDPR violations that affected over 533 million users. The DPC inquiry began in April 2021, but Meta claims web scrapers harvested data in 2018 and 2019. The sensitive information includes mobile phone numbers, genders, locations, relationship statuses, occupations, dates of birth, names, and email addresses. Cybercriminals have shared the information on hacking forums.

Russian Gangs Obtain 50 Million Passwords in a stealer-as-a-service attack

Russian Gangs Obtain 50 Million Passwords in a Stealer-as-a-Service Attack

Thirty-four Russian gangs compromised more than 50 million passwords from sites including Steam and Roblox, as well as payment information and credentials from Amazon and PayPal. The criminals primarily used Redline (23 groups) and Racoon (8 groups) information-stealer software in a stealer-as-a-service attack to obtain information from users on these platforms.

iSpoof Scammers Stole $120 Million, Europol Seizes the Website and Arrests 142 Scammers

iSpoof Scammers Stole $120 Million, Europol Seizes the Website and Arrests 142 Scammers

Europol took down iSpoof, a site that provided fraudsters technology to impersonate banks and government employees. In a joint operation, intelligence and law-enforcement authorities in the UK, Europe, Australia, America, Canada, and Ukraine arrested 142 suspects. The fraudsters took $120 million from their victims in international cybercrime activities.

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