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A group of tax scammers hacked a government-run identity verification system to fake tax invoices. The fake tax invoices from the criminal group were valued at US$76.2mil.
SAO PAULO (Reuters) - Brazil's central bank on Tuesday cleared the way for Facebook's WhatsApp messaging service to let its users send each other funds using the Visa Inc and Mastercard card networks, months after vetoing WhatsApp's initial attempt.
Though companies now run as many as 10 simultaneous security solutions, many still suffered unexpected downtime last year because of data loss, says cybersecurity firm.
To build a ‘Digital China’, the country must first deal with its rampant black market for personal information
Underground trading of personal information has become a professional and industrialised value chain in China. The central government is seeking to establish a data governance regime, highlighting the responsibility of online platforms to protect user data.
China digital currency to ‘provide backup’ for Alipay, Tencent’s WeChat Pay if ‘something happens’ to internet giants
China’s central banks says the government digital currency is needed to ensure stability if Alipay and WeChat Pay hit financial or technical problemsChina has also called on major central banks to work together to ensure sovereign digital currencies are compatible with each other
China proposed establishing a joint venture with its tech giants to oversee the data collected from hundreds of millions of consumers, say sources.
WASHINGTON (Reuters) - Facebook Chief Executive Mark Zuckerberg laid out steps to reform a key internet law on Wednesday, saying that companies should have immunity from liability only if they follow best practices for removing damaging material from their platforms.
China’s government has proposed establishing a joint venture with local technology giants that would oversee the lucrative data they collect from hundreds of millions of consumers, according to people familiar with the matter.
Data privacy: China defines for the first time ‘necessary’ information that apps can collect, closing ‘bundled consent’ loophole
Users of livestreaming, short video, news, browser and utility apps can access basic services on these platforms without providing personal information. The new rules come as China seeks to expand the internet industry’s role in economic growth, while providing more protection for consumers’ personal data.