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EU Needs Smart-Car Data Security Rules And Can Learn From China, Group Says
Insurance Journal· 2026-02-06 09:59
The European Union needs to implement comprehensive regulations to manage the growing security risks posed by intelligent vehicles, particularly Chinese cars that are increasingly popular with consumers, according to a think tank.Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk that information ...
Data Security Prospects Result in Bullish Views on Rubrik (RBRK)
Yahoo Finance· 2026-01-28 11:57
Core Viewpoint - Rubrik Inc (NYSE:RBRK) is identified as a promising large-cap stock under $100 with significant upside potential, supported by positive analyst ratings and growth prospects in data protection and security [1][2]. Group 1: Analyst Ratings and Price Targets - Saket Kalia from Barclays reaffirmed an Overweight rating on Rubrik Inc, lowering the price target from $120 to $100, indicating an upside potential of over 52% from the current price [1]. - Todd Weller from Stephens initiated coverage with an Overweight rating and a price target of $105, suggesting a 60% upside from the current level [2]. Group 2: Company Prospects and Business Model - Weller's bullish outlook is based on Rubrik's strong position in data protection and security, leveraging a unified platform that integrates backup, recovery, data observability, and ransomware investigation [3]. - The company is expected to experience topline growth alongside margin expansion, driven by its innovative approach [3]. Group 3: Service Offerings and Market Focus - Rubrik Inc provides cloud-based data management and security solutions, including data protection, threat analytics, and cyber recovery services [4]. - The company serves various industries such as public sector, retail, finance, energy, industrial, and healthcare, focusing on securing data across hybrid and multi-cloud infrastructures [4].
Treasury Cancels Booz Allen Cancels—Blames Whistleblower Who Leaked Trump's Tax Returns
Forbes· 2026-01-26 17:10
ToplineThe Treasury Department is cancelling all contracts with consulting firm Booz Allen Hamilton directly citing the case of Charles Littlejohn—a former Booz Allen contractor who was sentenced to five years in federal prison for leaking President Donald Trump’s tax returns in 2024.Booz Allen’s stock slumped over 11% on Monday after the contracts were cancelled.Getty ImagesKey FactsSecretary Scott Bessent said the Treasury Department will cancel 31 total contracts with Booz Allen, which are worth $4.8 mil ...
TikTok Seals Deal For Majority U.S.-Owned Joint Venture, Oracle Holds 15%
Deadline· 2026-01-23 00:58
TikTok today announced a long-awaited deal for a majority American-owned joint venture it said “will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for U.S. users.” The hugely popular video sharing social app also revealed that it has more than 200 million U.S. users. The JV, built on the foundation of what the partners are calling the TikTok U.S. Data Security (USDS) organization, will ...
Apple, Samsung At Center Of India’s Proposed Source Code Disclosure Plan: Report - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
Benzinga· 2026-01-12 08:07
Group 1 - India is considering a proposal that would require smartphone manufacturers, including Apple and Samsung, to disclose their source code and implement software changes to enhance security [1][2] - The proposal includes 83 security standards and mandates companies to notify the government of major software updates, aligning with Prime Minister Modi's initiative to improve user data security in India, which has nearly 750 million devices [2] - Industry giants like Apple, Samsung, Google, and Xiaomi have raised concerns that these unprecedented standards could expose proprietary information [3] Group 2 - The Indian government recently scrapped a mandatory cyber safety app due to surveillance concerns but continues to enforce strict security testing for cameras amid fears of Chinese spying [4] - This move follows increasing global scrutiny of major tech companies, with Apple facing a $115 million fine in Italy for alleged abuse of its dominant position in the mobile app market [5] - Other tech giants, including Google, Meta, Amazon, Netflix, and Microsoft, are reportedly avoiding new European regulations under the EU's upcoming Digital Networks Act, which aims to enhance competitiveness and investment in broadband and fiber infrastructure [6]
Coupang Makes Billion-Dollar Apology After Record Data Breach
PYMNTS.com· 2025-12-29 13:44
South Korean retailer Coupang is preparing to compensate customers impacted by a massive data breach.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The eCommerce company will begin offering vouchers worth up to 55 ...
Coupang Says Data Leak Perpetrator Did Not Transfer Data to Others
PYMNTS.com· 2025-12-26 20:00
Core Insights - The data breach at Coupang involved access to 33 million accounts, but only 3,000 accounts had data retained by the perpetrator, who later deleted it after media reports surfaced [1][4][6] Group 1: Data Breach Details - The perpetrator, a former employee, accessed basic user data using a stolen internal security key, retaining order history and building entrance codes for approximately 3,000 accounts [3][4] - The accessed basic data included names, emails, addresses, and phone numbers, but did not include payment data, login data, or individual customs numbers [5][6] - The investigation revealed that the perpetrator did not transmit the data to third parties and deleted the stored data upon seeing news reports about the incident [1][4] Group 2: Company Response and Legal Implications - Coupang reported the data breach to authorities on November 18 and disclosed the incident publicly on November 29, affecting nearly 33.7 million customers in South Korea [6][7] - The company is cooperating with an ongoing investigation involving the South Korean government and cybersecurity firms, and plans to announce compensation plans for affected customers [6][7] - Following the breach, Coupang faces a class action lawsuit in California, alleging violations of securities laws and misleading investors regarding data security practices [7]
Shareholders who lost money in shares Coupang, Inc. (NYSE: CPNG) Should Contact Wolf Haldenstein Immediately
Globenewswire· 2025-12-26 13:26
NEW YORK, Dec. 26, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds purchasers or acquirers Coupang, Inc. (NYSE: CPNG) (“Coupang”) that a federal securities class action has been filed on behalf of investors who purchased Coupang between August 6, 2025 and December 16, 2025, inclusive (the “Class Period”). Investors have until February 17, 2026 to seek appointments as lead plaintiff. PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Summary of Coupang, Inc. Securiti ...
Coupang Faces Class Action Lawsuit Alleging Violations After Data Breach
PYMNTS.com· 2025-12-23 01:23
Core Viewpoint - Coupang is facing a class action lawsuit from investors alleging violations of securities laws related to a data breach that exposed personal information of nearly 34 million customers [2][3]. Group 1: Lawsuit Details - The lawsuit was filed in California, claiming that Coupang misled investors about its data security practices and failed to disclose the breach in a timely manner [2]. - Allegations include that Coupang understated its vulnerability to cyberattacks and overstated its safeguards in U.S. regulatory filings [2]. Group 2: Data Breach Information - The data breach exposed personal information such as names, email addresses, phone numbers, shipping addresses, and some order histories, but did not include login information or payment details [3][4]. - Coupang reported that the unauthorized access began in June via overseas servers and that it became aware of the breach on November 18, disclosing it to authorities on November 29 [3]. Group 3: Company Response and Management Changes - Coupang indicated that a former employee may have obtained the data, and to the company's knowledge, this individual had not publicly disclosed the information [4]. - The former CEO of Coupang's Korean subsidiary resigned on December 10, and the company stated that its operations have not been materially disrupted [5].
TikTok strikes deal for US sale
Sky News· 2025-12-19 00:41
Core Points - TikTok's Chinese owner, ByteDance, has signed a deal to sell its US arm to American investors, ensuring the platform's continued operation in the United States [1] - The deal is set to close on January 22, 2026, ending years of uncertainty regarding TikTok's future in the US [1] - The sale follows a law signed by President Joe Biden that mandated ByteDance to divest its US operations or face a ban [2][4] Company Structure - The deal involves the sale of just over 80% of TikTok's US assets to three major investors: Oracle, Silver Lake, and MGX, who will form a new venture called TikTok USDS Joint Venture LLC [5][6] - The new venture will be 50% owned by the consortium of US investors, with existing ByteDance investors holding 30.1% and ByteDance retaining 19.9% [6] - A new seven-member majority-American board of directors will be established, and the venture will implement terms to protect American data and national security [6] Data Management - User data from the US will be stored locally, addressing concerns regarding data privacy and security [7]