Each week, PrivSec:Report presents the top 5 headlines from the week’s news and upcoming events in the privacy and security industry. This week it’s been revealed the true impact GDPR has had on business and Cisco has been forced to pay hefty settlement fees.
It’s Costing A Pretty Penny
Towards the beginning of the week, researchers revealed that websites are now making less money than they were before the introduction of the GDPR. The researchers looked at data from 1,500 online firms and discovered that page views per week dropped by approximately 4%, and revenue per week falls by 8%. They speculate it’s because it has become harder for them to collect the data they need to adequately market their products/services to customers. Read more about the report here.
Any Publicity Is Good Publicity
Especially for Huawei as they announce a spike in revenue for the first half of 2019 – but they have admitted that they know tough times are ahead. They confirmed that its revenue leapt by 23% for the first six months of this year, compared with the same time-frame in 2018. It has also registered a jump in smartphone shipments of almost a quarter (24%). Read the full story here.
Another giant hit with a fine
Hellenic DPA concluded that PWC BS as the controller had unlawfully processed the personal data of its employees. Additionally it was concluded that PwC had unfairly and non-transparently processed the personal data of its employees, by giving them the false impression that their data was being processed under the legal basis of consent, in accordance to GDPR, whilst in reality their data was being processed under a different legal basis, to which the employees had not been informed about. All of which resulted in a fine of €150,000. Read the full report here.
Whistle While You Work
A whistleblower lawsuit was filed on behalf of a former employee who had worked as a consultant for a Cisco partner company. Consequently, Cisco has agreed to settle a False Claims Act lawsuit of $8.6m. The whistleblower had alerted Cisco’s product security incident response team, about vulnerabilities in its video surveillance software in October 2008, but subsequently lost his job. Out of the $8.6 million, most of the money will go to the federal government and 15 state buyers, with more than $1 million going to the whistleblower. Read more about the lawsuit here.
Act Your Age, Ad-Tech
The Information Commissioner’s Office has criticised real-time bidding carried out by the likes of Google and Facebook because the practice goes against the General Data Protection Regulation. As the automation of advert-selling, real-time bidding has come under fire in recent months by many experts in the UK for how it muddies the waters of data processing. The ICO has accused the ad-tech industry as being “immature” and intends to actively bring down the levels of data that the real-time bidding process typically throws around. Read the full story here.
Quote of the week:
“If you put a key under the mat for the cops, a burglar can find it, too. Criminals are using every technology tool at their disposal to hack into people’s accounts. If they know there’s a key hidden somewhere, they won’t stop until they find it.”
– Tim Cook, Apple’s CEO
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