The IRS believes that a major cyber breach that allowed criminals to steal the tax returns of more than 100,000 people originated in Russia, two sources briefed on the data theft tell CNN. The Internal Revenue Service announced that organized crime syndicates used personal data obtained from elsewhere to access tax information, which they then used to file $50 million in fraudulent returns.
- Read the article: CNN
Average Cost of Data Breach Rises to $3.8 Million
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study. The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.
- Read the article: Reuters
Judge Approves Class-Action for Yahoo E-mail Lawsuit
A U.S. judge ordered Yahoo Inc. to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, and using the information to boost advertising revenue. U.S. District Judge Lucy Koh in San Jose, California said people who sent emails to or received emails from Yahoo Mail subscribers since Oct. 2, 2011 may sue as a group under the federal Stored Communications Act for alleged privacy violations.
- Read the article: Reuters
Google Fights Ruling in Mexico Over Deleting Links
Free-speech advocates are challenging a ruling against Google Mexico that they say would allow politicians and business moguls to abuse the so-called right to be forgotten by wiping out Internet links that cast them in a negative light. The Google Inc. unit and local digital-rights activists are fighting in court to overturn a recent ruling by Mexico’s Federal Institute for the Access to Information, or IFAI.
- Read the article: The Wall Street Journal
German Court Upholds Legality of Ad-Blocking Software
Making software available to block advertising online is not illegal, a German court ruled, in a judgment that poses a challenge to the revenues of global media groups. The operation of a “whitelist” of acceptable ads that are allowed through adblocking filters in exchange for a fee — a business model that media groups have likened to “extortion” — is also not in breach of the law, Munich’s district court ruled.
- Read the article: Financial Times
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