The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Millions of Twitter and Facebook Users May Have Had Their Accounts Compromised

Millions of Twitter and Facebook Users May Have Their Accounts Compromised

Facebook and Twitter announced on Monday that the personal data of millions of users may have been improperly accessed after they used their social media accounts to log in to several Android apps, downloaded from the Google Play Store. 

Security researchers discovered that a mobile software development kit (SDK) named oneAudience gave third-party developers access to people’s personal data. This personal data includes email addresses. Usernames and most recent tweets of people who used their Twitter accounts to get access to such apps including Giant Square and Photofy. 

In a blog, Twitter informed the people of this gross misconduct and also said that this activity may make it possible for a hacker to take control of someone’s Twitter account but there is no evidence that this occurred. 

A Twitter spokeswoman, Lindsay McCallum said, 

“We think it’s important for people to be aware that this exists out there and that they review the apps that they use to connect to their accounts.”

Twitter also announced that it will be informing users who were affected. The company has also informed Google and Apple about the vulnerability so that further action can be taken. 

A Facebook spokesperson sent the following statement after the recent disclosure: 

“Security researchers recently notified us about two bad actors, oneAudience and Mobiburn, who were paying developers to use malicious software developer kits (SDKs) in a number of apps available in popular app stores. After investigating, we removed the apps from our platform for violating our platform policies and issued cease and desist letters against One Audience and Mobiburn. We plan to notify people whose information we believe was likely shared after they had granted these apps permission to access their profile information like name, email, and gender. We encourage people to be cautious when choosing which third-party apps are granted access to their social media accounts.”

This comes at a time when Facebook, Google, and Twitter are all facing heightened scrutiny from regulators concerning the use of personal data and its use by outside developers to track and target customers. The issue has been of particular concern ever since March 2018, ever since the Cambridge Analytica scandal. Cambridge Analytica accessed up to 87 million Facebook profiles in order to target ads for Donald Trump in the 2016 presidential election.  

A Facebook spokesperson told The Verge that the company encourages people “to be cautious when choosing which third-party apps are granted access to their social media accounts.” 

Related Posts

News

White House Wants COVID Vaccine Passports to be Secure, Private, and Free

According to the White House, the Federal Government should not be responsible for verifying that...

White House Wants COVID Vaccine Passports to be Secure, Private, and Free Explore More

News

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk

A report from Transparency International revealed that nearly 40% of the UK’s e-payment companies...

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk Explore More

News

Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures

Seychelles has upgraded and implemented 5 FATF recommendations to strengthen anti-money launderin...

Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures Explore More

News

China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches

China’s Central bank has fined Zhongtian Securities Co. Ltd. 1.37 million yuan ($216,000) for AML...

China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches Explore More

News

MAS Finalises New Data-sharing Platforms for the Banking Sector

MAS has developed a new platform that will allow banks to securely share information and warn eac...

MAS Finalises New Data-sharing Platforms for the Banking Sector Explore More

News

Scotland Police Give Warnings Due to the Rise in Cybercrime

Highland Police is taking a major initiative to warn the businesses of a spike in cybercrime and ...

Scotland Police Give Warnings Due to the Rise in Cybercrime Explore More

News

$6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange

The US Department of the Treasury has sanctioned Chatex crypto exchange “for facilitating financi...

$6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange Explore More

News

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, ...

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack Explore More

News

United Nations Ranks Kenya at Position 24 in the Dirty Money Business

Every year, the United Nations conducts surveys on how the countries are performing. One of the U...

United Nations Ranks Kenya at Position 24 in the Dirty Money Business Explore More

News

Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships

The global crypto exchange Binance has announced that it will strengthen its KYC controls & s...

Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships Explore More

News

US to Rigorously Implement Anti-Money Laundering in Crypto

A rule requiring cryptocurrency firms to share data about their customers will be strictly implem...

US to Rigorously Implement Anti-Money Laundering in Crypto Explore More

News

FATF Criticized Cash-Rich Germany Over Money Laundering Concerns

FATF dealt a blow to Germany’s reputation, which considered itself high regarding its reput...

FATF Criticized Cash-Rich Germany Over Money Laundering Concerns Explore More

News

ECB Will Be Launching Digital Euro Project

An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet...

ECB Will Be Launching Digital Euro Project Explore More

News

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline

Today is the deadline for the digital currency firms to be registered with the UK’s financial reg...

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline Explore More

News

A Three-fold Rise in AML Penalties in China in 2020

China’s banks and financial institutions have faced an increase in penalties in the year 2020 due...

A Three-fold Rise in AML Penalties in China in 2020 Explore More

News

BSP Seeking to Mandate e-KYC For Financial Institutions

The draft circular suggests obligatory e-KYC processes, including identity verification and custo...

BSP Seeking to Mandate e-KYC For Financial Institutions Explore More

News

FATF Updates on South Africa’s AML Compliance Progress

A report on South Africa’s progress in implementing AML procedures to prevent money launder...

FATF Updates on South Africa’s AML Compliance Progress Explore More

News

New Zealand Encounters Spike in Online Identity Theft

Recent research of New Zealand’s financial market has shown a spike of 86 percent in identity fra...

New Zealand Encounters Spike in Online Identity Theft Explore More

News

IMF Advocates CBDC and Global Crypto Regulations for Financial Stability

The new policies advocated by the IMF seek to minimize financial risks associated with the global...

IMF Advocates CBDC and Global Crypto Regulations for Financial Stability Explore More

News

AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia

The AFP is set to crack down on Italian organised crime and money laundering syndicates flowing b...

AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia Explore More

News

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls

Queensland initiates a new investigation to examine the money laundering controls of the Gambling...

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls Explore More

News

European Banking Authority Issues Latest Regulations on Crypto Travel Rules

The European Banking Authority (EBA) announced the new consultation process to implement the cryp...

European Banking Authority Issues Latest Regulations on Crypto Travel Rules Explore More

News

Amazon Sued Over Illegal Storage of Employee Biometric Data

Lawyers from the firm of McGuire Law P.C. of Chicago filed a class action complaint on November 1...

Amazon Sued Over Illegal Storage of Employee Biometric Data Explore More

News

Are Educational Institutes Becoming the Next Target for Money Laundering?

According to an investigation by The Times, higher-educational institutes have been unintentional...

Are Educational Institutes Becoming the Next Target for Money Laundering? Explore More

News

Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions

Swiss FinTech firm LeonTeq has rejected allegations of suspicious transactions with possible link...

Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions Explore More

News

UK Launches New Crypto Asset Promotion Rules

The UK’s latest obligations on the promotions of the crypto service providers came into force thi...

UK Launches New Crypto Asset Promotion Rules Explore More

News

US government favours a hands-off approach to AI’s regulation

The white house listed 10 principles that federal agencies should consider when drafting laws and...

US government favours a hands-off approach to AI’s regulation Explore More

News

FATF Updates Guidance on Strengthening Beneficial Ownership Information

The Financial Action Task Force (FATF), in recommendation 24, established the first international...

FATF Updates Guidance on Strengthening Beneficial Ownership Information Explore More

News

OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry

Three US banking regulators, the Federal Reserve (Fed), Office of the Comptroller of the Currency...

OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry Explore More

News

Shufti Relocates its London Office to Facilitate the Company Growth

March 2021, Shufti is pleased to announce the relocation of its London office to a larger and...

Shufti Relocates its London Office to Facilitate the Company Growth Explore More

News

Namibia Enhances its National Crypto Strategy with New Legislation

Namibia raises the bar with new legislation in the National Crypto Strategy to combat crypto scam...

Namibia Enhances its National Crypto Strategy with New Legislation Explore More

News

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved

A Senate committee says that Australia is at risk of damaging its economy if money laundering law...

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved Explore More

News

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment

On August 7th, the Hong Kong Securities and Futures Commission (SFC) warned all platforms working...

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment Explore More

News

ACRA Cancels Registration of Company for AML/CFT Failures

The Accounting and Corporate Regulatory Authority (ACRA) has revoked the registration of a compan...

ACRA Cancels Registration of Company for AML/CFT Failures Explore More

News

Egypt to Enact Updated AML Legislations and Develop Action Mechanisms to Curb Financial Crimes

Egyptian Money Laundering and Terrorist Financing Combating Unit (EMLCU) is all set to enact revi...

Egypt to Enact Updated AML Legislations and Develop Action Mechanisms to Curb Financial Crimes Explore More

News

Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List Explore More

News

Chinese Firms to Test Crypto Opportunities in Hong Kong

Chinese Security companies and banks are attracted by Hong Kong’s retail trading in Bitcoin and E...

Chinese Firms to Test Crypto Opportunities in Hong Kong Explore More

News

Morgan Stanley, Interactive Brokers Under Money Laundering Probe

The FBI, SEC, and other state agencies are now investigating why Morgan Stanley took on Rodriguez...

Morgan Stanley, Interactive Brokers Under Money Laundering Probe Explore More

News

Facebook Launches a New Payment System Following Libra

Facebook Pay is a new payment system launched by Facebook for all the apps under the Facebook umb...

Facebook Launches a New Payment System Following Libra Explore More

News

Surge in Identity Theft Frauds During Covid-19

According to new data from the Federal Trade Commission (FTC), identity theft has risen to the nu...

Surge in Identity Theft Frauds During Covid-19 Explore More

News

CBDC Rules to Be Introduced by IMF, World Bank, and G20 Countries

The international financial authorities have teamed up with the Group of Twenty (G20) to create C...

CBDC Rules to Be Introduced by IMF, World Bank, and G20 Countries Explore More

News

Fiat is the Top Choice of Currency for Financial Criminals, Says US Treasury

The US Treasury Department has released a three-year report on money laundering and terrorist fin...

Fiat is the Top Choice of Currency for Financial Criminals, Says US Treasury Explore More

News

AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security

Australia’s AML Agency AUSTRAC has partnered with the Pacific Financial Intelligence Unit t...

AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security Explore More

News

Albania Fails to Take Strict AML/CFT Measures

According to MONEYVAL, Albania has failed to take the necessary steps to improve measures on figh...

Albania Fails to Take Strict AML/CFT Measures Explore More

News

Pacific Financial Intelligence Unit Collaborates to Combat Money Laundering

The Financial Intelligence Unit of the Pacific region arranged the meeting last week to enhance t...

Pacific Financial Intelligence Unit Collaborates to Combat Money Laundering Explore More

News

China Warns of Money Laundering Risks Arising from NFTs

China has warned of the financial risks associated with non-fungible tokens (NFTs) as three indus...

China Warns of Money Laundering Risks Arising from NFTs Explore More

News

Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal

The chief executive of Westpac Banking Corporation, Brian Hartzer, has resigned and the chairman ...

Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal Explore More

News

US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide

The Money Laundering Bureau of the US Treasury Department issued the latest guide to assist small...

US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide Explore More

News

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks

China has delayed the introduction of new rules for due diligence as financial institutions requi...

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks Explore More

News

Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each

Black Friday shoppers have been advised to strengthen their cybersecurity as NFIB revealed that v...

Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each Explore More

News

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules

The advocacy group in their latest comment has disregarded the proposed regulatory requirements b...

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules Explore More

News

Central Bank Of China Tightens Financial Regulations to Curb Money Laundering

The Central Bank of China is tightening financial regulation to put limits on transactions, aimin...

Central Bank Of China Tightens Financial Regulations to Curb Money Laundering Explore More

News

Qatar’s new AML laws leave no room for Cryptocurrencies

A number of countries across the globe are coming with up stringent policies to inhibit the illeg...

Qatar’s new AML laws leave no room for Cryptocurrencies Explore More

News

FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings”

The U.K. Financial Conduct Authority (FCA) on Monday revealed that it imposed a fine of 783,800 p...

FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings” Explore More

News

eCommerce Lost £16 Million in Frauds During Lockdown

The UK’s national reporting centre for fraud and cybercrime has revealed new figures which show £...

eCommerce Lost £16 Million in Frauds During Lockdown Explore More

News

UAE banking sector unites with law enforcement agencies to tackle fraud

Dubai: UAE’s first national fraud awareness campaign has been initiated with the collaboration of...

UAE banking sector unites with law enforcement agencies to tackle fraud Explore More

News

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues

Atomic Wallet users have reported losing millions of dollars worth of cryptocurrency. It was anno...

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues Explore More

News

MAS Ramps Up Efforts Against Financial Crimes With the Help of Data Analytics

Singapore’s central bank has revealed in a report on Wednesday that financial criminals will be p...

MAS Ramps Up Efforts Against Financial Crimes With the Help of Data Analytics Explore More

News

Adelaide Casino to Face Court Action Over AML/CTF Violations

AUSTRAC has revealed the beginning of civil penalty proceedings in the Federal Court against SkyC...

Adelaide Casino to Face Court Action Over AML/CTF Violations Explore More

News

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing

ACRA has proposed stricter rules for professionals and firms that assist businesses with corporat...

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing Explore More

News

Australian Federal Police Issues Warning on Valentine’s Day Financial Scams

Australian authorities have warned the public of new Valentine’s Day scams aimed at singles...

Australian Federal Police Issues Warning on Valentine’s Day Financial Scams Explore More

News

The Philippines Introduces Crypto Guidelines Against Financial Crimes

The Philippines Monetary Board (MB) has approved the guidelines regarding the virtual assets serv...

The Philippines Introduces Crypto Guidelines Against Financial Crimes Explore More

News

Yemen Government Accused of Money Laundering by United Nations

Monitors of U.N sanctions have accused Yemen’s government of corruption and money laundering. A r...

Yemen Government Accused of Money Laundering by United Nations Explore More

News

UK’s Regulatory Agencies not Coming Slow Against Money Laundering

HM Revenue & Customs carried out an extensive investigation on the UK’s real-estate agencies ...

UK’s Regulatory Agencies not Coming Slow Against Money Laundering Explore More

News

Singaporean Banks Enhance Security to Combat Financial Crime

The Monetary Authority of Singapore (MAS) stated that the country’s banks are enhancing security ...

Singaporean Banks Enhance Security to Combat Financial Crime Explore More

News

New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures

New York’s top financial regulator has fined Robinhood $30 million for failures and shortcomings ...

New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures Explore More

News

Experts Warn that Scammers are Exploiting EU Users on Meta’s Threads

Meta’s Threads app has become the newest platform for cyber scammers to commit identity theft, cr...

Experts Warn that Scammers are Exploiting EU Users on Meta’s Threads Explore More

News

Cyprus Updates Money Laundering Measures to Supervise Crypto Platforms

Cyprus reshaped its anti-money laundering measures by amending the “Prevention and Suppression of...

Cyprus Updates Money Laundering Measures to Supervise Crypto Platforms Explore More

News

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill

India’s financial watchdog has proposed a new crypto bill to impose a $2.65M fine and jail for vi...

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill Explore More

News

Alibaba copyrights blockchain system that detects music copycats

Granted by the U.S. Patent and Trademark Office on April 21, the method as described by the Chine...

Alibaba copyrights blockchain system that detects music copycats Explore More

News

UK Authorities Accuse Attorneys of Failure in Combating Financial Crimes

The UK regulatory authorities asserted that new data revealed prosecutors inadequately comply wit...

UK Authorities Accuse Attorneys of Failure in Combating Financial Crimes Explore More

News

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown

Chinese businesses, as per a ruling by the SEC, are directed to present additional disclosures re...

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started