Money

Meta responsible for a massive data leak

Published

10 months ago

December 1, 2022

Meta responsible for a massive data leak as Irish regulator imposes fine

Irish regulator, the Data Protection Commission, has fined Meta $275 million dollars for breaching rules to protect user data.

An investigation found Meta’s Facebook was guilty of allowing sensitive user data to be accessed from the platform. After being downloaded it was later uploaded into an online hacker forum.

Users throughout 2018 and 2019 were most at risk of their private personal data being accessed and shared.

Meta admitted tools it had created to allow people to find their friends using their phone numbers was to blame. The function was removed from the platform soon after the breach was discovered in 2019.

Worldwide, the investigation also found that data was scraped from 533 million Facebook users from 106 countries. This included over 32 million records pieces of information form users in the U.S. and 11 million in the UK.

Even though the data is three or more years old, it may still be of use to cybercriminals keen to impersonate people to procure credit cards, mobile phones and make other online purchases.

This is yet another example of social media platforms being unable to adequately protect their users by devising and implementing preventative pre-emptive security measures.

While governments attempt to hold social media platforms like Meta accountable for the content they allow on their platforms and their lax data security measures, it remains to be seen whether the platforms will actually pay the fines being imposed. Moreover, will the fines result in any genuine change?

Money

The importance of personal branding

Published

7 hours ago

September 26, 2023

ticker NEWS

How to position and build your own personal brand

If you’re into the world of innovative snacks and energetic entrepreneurship, you’ve likely heard of Jake Karls and Mid-Day Squares. This dynamic duo has taken the snack industry by storm, but what’s their secret, and what’s in store for the future?

Jake Karls is the co-founder of Mid-Day Squares, a brand that has carved a niche in the health and wellness market by providing delicious and nutritious chocolate bars.

He joined the Ticker Talks Growth hosts Liam Gostencnik and Tim O’Sullivan to discuss the journey of Mid-Day Squares and where they are heading next.

Watch part two of the interview here:

Money

Why is it so expensive to attend a wedding?

Published

12 hours ago

September 26, 2023

ticker NEWS

Guests are paying on average around $2,000 just to attend a loved one’s wedding.

We all know getting married is expensive, but it turns out even attending weddings can set you back a pretty packet.

New research by Finder shows that guests are on average spending nearly $2,000 just to attend.

Money

Chinese youth swap LinkedIn for Tinder to find a job

Published

15 hours ago

September 26, 2023

ticker NEWS

As LinkedIn withdraws from the Chinese market, young professionals and job seekers are turning to an unlikely platform in their quest for employment: Tinder.

This shift comes as a local news outlet recently reported the departure of LinkedIn from China.

Tinder, primarily known as a dating app, is now being repurposed by Chinese youth as a job-searching tool. Users are leveraging the platform’s network and communication features to connect with potential employers and explore career opportunities.

It appears to be a creative adaptation to fill the void left by LinkedIn, a platform renowned for professional networking.

This unconventional job-hunting trend has gained momentum, showcasing the adaptability and resourcefulness of the younger generation in China when faced with unexpected circumstances.

LinkedIn plans to maintain a certain level of presence in China, focusing on offering services to companies operating within the country. These services will facilitate hiring and training of employees based outside of China, as confirmed by a spokesperson from the company.