Social Networks

The closure of Cambridge Analytica will not stop a probe into the firm’s handling of millions of people’s data, investigators have said.  The firm has been accused of acquiring data from up to 87 million Facebook profiles for use in political campaigns.  Cambridge Analytica closed on Wednesday 2nd May citing a loss of business. The Information Commissioner’s Office (ICO) said ... Read More »

Coming soon:  The Social Media Privacy Protection and Consumer Rights Act and the industry can thank Mr. Zuckerberg for that! Sens. Amy Klobuchar (D-Minn.) and John Kennedy (R-La.) introduced a bipartisan internet privacy bill that would give users more control over what websites can do with their data.  The new bill, the Social Media Privacy Protection and Consumer Rights Act, comes just weeks after ... Read More »

The Australian government’s national cybersecurity adviser has urged social media companies to improve the way they treat personal data and encouraged users of those platforms to be more aware of what information they are offering up to the Internet. Amid the heightened debate around the use of personal data online, Alastair MacGibbon, who heads the Australian Cyber Security Centre, also suggested ... Read More »

Creditinfo and www.dataminingapps.com have agreed to work together to conduct research into the predictive nature of location and mobile call data to enhance the ability to increase access to credit for the unbanked. With more than 2 billion people in the world without formal banking and access to credit it is important innovative methods are found to introduce people to the formal sector. ... Read More »

When Facebook filed to go public in early 2012, Mark Zuckerberg noted that the social network wasn’t originally designed to be a company. “It was built to accomplish a social mission — to make the world more open and connected,” Zuckerberg wrote in Facebook’s S-1 filing, presenting the business as an engine supporting this goal. Five year after the IPO the social network’s CEO ... Read More »

Marissa Mayer will not be part of the new AOL-Yahoo combined company called Oath According to sources, Yahoo CEO Marissa Mayer will not be continuing with the new company that was announced prematurely in a tweet by AOL CEO Tim Armstrong. The new Verizon-owned entity is called Oath and is the combination of AOL and Yahoo. Terms of Mayer’s departure ... Read More »

Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network Microsoft reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network.  Profits rose ... Read More »

In an unprecedented move, the Russian DPA, Roskomnadzor yesterday, 17 November, blocked access to the LinkedIn website in order to comply with a Moscow City Court ruling on 10 November. The court found that the company was in breach of the data localization laws.  The data localization provisions in the Russian law require websites to store personal data of Russian ... Read More »

LinkedIn finds itself in the crosshairs of the Russian state and is facing a ban. The Russian state’s federal media regulator, called Roskomnadzor, is reportedly planning to block the social media platform LinkedIn. According to multiple reports, the move towards a nationwide ban is blamed on the firm not storing data of Russian users domestically in the country. Russia’s Tass news ... Read More »

BIIA reported the LinkedIn data breach incident recently.  In the meantime LinkedIn wrote in an e-mail to subscribers: “You may have heard reports recently about a security issue involving LinkedIn. We would like to make sure you have the facts about what happened, what information was involved, and the steps we are taking to help protect you. What Happened? On May ... Read More »

LinkedIn confirms hacker has put up 167 million LinkedIn Passwords for sale. In 2012, LinkedIn suffered a massive data breach in which more than 6 Million users accounts login details, including encrypted passwords, were posted online by a Russian hacker.  Now, it turns out that it was not just 6 Million users who got their login details stolen. Latest reports emerged that ... Read More »

Service offering sends alert when privacy or reputational risks are exposed on social networks CSID launched Social Media Monitoring, a new service that alerts social media users of privacy and reputational risks on any of the four major social media networks: Facebook, Twitter, LinkedIn and Instagram. CSID’s Social Media Monitoring alerts a subscriber of instances where they are sharing personal ... Read More »

A $5 million class action lawsuit over LinkedIn data breach dismissed.  A US judge ruled:  Any damage done to LinkedIn users over the massive June 2012 data breach was abstract, not actual.  Thus did a $5 million class-action lawsuit against the networking site get dismissed, before the case ever breathed the air of a court trial.   The breach resulted in the compromise of 6.5 ... Read More »

LinkedIn reported revenue for the fourth quarter of $643 million, an increase of 44% compared to $447 million in the fourth quarter of 2013. Total revenue in 2014 was $2,219 million, an increase of 45% compared to $1,529 million in 2013. Net income attributable to common stockholders for the fourth quarter was $3 million, compared to net income of $4 ... Read More »

Germany based Bürgel announced the launch of BÜRGEL MANAGER NETWORK powered by Axon Insight.  For companies the Bürgel Manager network is a Web-based service, which provides a graphic illustration of how top-decision makers are linked with their own top contacts. Essentially the new service answers questions such as:  Who is conductiong business with whom and how are they networked?  Do ... Read More »

BIIA extends its compliments to Anthea Stratigos, CEO and Co-founder of Outsell, and her team for producing an outstanding industry event “ConvergenceNOW!”  The event, which was co-produced with the Jordan, Edmiston Group, Inc. (JEGI), took place in the historic town of Versailles outside Paris.  Over twenty presenters covered a wide range of key topics on the convergence of content, technology, ... Read More »