This week’s tech news has been dominated by the Cambridge Analytica Facebook data breach. The story was broken by a whistle-blower who explained how the company had managed to harvest data from more than 50m Facebook accounts and then use on behalf of political clients. Naturally, Facebook users were outraged and this week’s roundup will look at the story in more detail.
#DeleteFacebook or limit the data you give it
After the Cambridge Analytica data breach, #DeleteFacebook has been trending as users look to remove their profiles from the social network. Once loyal ‘likers’ and ‘sharers’ are turning their back on the platform in their droves after ‘betrayal’ by Facebook. However, there is a way to limit the data you share with the tech giant rather than completely delete your profile.
Buzzfeed shared an article this week which rightly explained that by signing up to Facebook (FB) you’re agreeing for the social media platform to track your activity and collect data about you. Less activity on the platform (liking, sharing, commenting) etc. makes it harder for FB to utilise your data.
The article goes on to discuss why you should log out of Facebook before you browse the rest of the web as Facebook Pixel tracks where you’ve been and is a tool to market to you.
Other key notes range from the practical; heading to your settings to check and remove third-party apps you do not trust, to the psychological; making your phone less colourful and thus making you less inclined to look at it. Learn more here.
Cryptomining can impact businesses
Research from our partner Check Point’s intelligence database, ThreatCloud, has shown a rise in cryptomining attacks. Data gathered from more than 80,000 Check Point gateways and millions of endpoints has resulted in this conclusion and Check Point explains there are a number of ways businesses can be impacted as well as those who are not owners of cryptocurrencies like Bitcoin.
As explained in a recent Security Brief article, according to Check Point there are three main ways in which businesses can suffer. These include:
- Consumption of precious server resources – Mining malware is a huge CPU hog and can easily consume the entire CPU power of your servers, drastically lowering service availability and increasing hosting and electricity cost.
- Reduced user productivity – Mining attacks target users with malware, affected mobile apps or through malicious websites. The result of these techniques is the same, as user machines slow down and heat up while the user becomes ever more frustrated.
- Negative impact on reputation and customer satisfaction – Check point says that in many cases hackers penetrate and infect organisation’s web servers. If this happens then you are essentially targeting your customers.
More tax for European tech giants
Finally, it was announced this week that major European players may have to pay more tax in the near future. The European Commission explained that companies with significant online revenues should pay a 3% tax on turnover for various online services.
This comes after criticism that large tech companies do not pay enough tax in Europe with EU economics affairs commissioner, Pierre Moscovici, explaining that the EU tax system is not set up for digital businesses.
Read more on this story via the BBC.
A busy week for I.T. and tech news. For more content, follow us across our four social media channels.