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Heaven or Hell?Internet giant Facebook data privacy leaks arise great worries

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The sudden outbreak of the COVID-19 pandemic has cast a shadow over the world, landing a devastating blow to the global economy. But it has brought great opportunities for the development of the cyber economy as well. Confined to their homes, many people had to rely on the Internet for their daily work and social activities. The information technology industry has boomed at an exponential speed. For the first quarter of 2021, Facebook’s earnings per share (EPS) came to $3.30 per share, surpassing the expected $2.37 per share (a year-on-year increase of 93%). Revenue for the same period exceeded the estimated $23.67 billion. Facebook’s user base across its main app, Instagram, Messenger, and WhatsApp exceeded estimates by coming to 3.45 billion monthly active people in the quarter, a year-over-year increase of 15%. However, just as its scale continues to grow, subsequent data privacy and data security problems have become more salient and serious than ever before.

 In July 2021, a new book revealed that Facebook fired 52 people from 2014 to August 2015 over abusing access to user data. According to the book, one employee used data to find a woman he was traveling with who had left him after a fight. Many users suspect that some of the harassing text messages they usually receive also originate from Facebook’s data leakage. Although Facebook fired 52 bad employees, but I wonder if there are still some fish in the net besides these 52 people? Nor do we know if such a breach has been fixed? The scary thing is that this is not the first time Facebook has made a mistake.

Just three months ago, a CNN report said that a user on a low-access hacking forum posted hundreds of millions of users’ personal data on social media for free. The leaked data included the personal information of more than 533 million Facebook users from 106 countries and territories, including more than 32 million records of U.S. users, 11 million records of U.K. users and 6 million records of Indian users. The data includes users’ phone numbers, Facebook IDs, full names, locations, dates of birth, bios, and some users’ email addresses. The media verified the authenticity of this information through a random sample. Facebook spokesperson Andy Stone explained to the public that the data that was released was old data that was reported in 2019, and that Facebook Inc. discovered and has fixed the breach that led to the data breach in August 2019.

But what’s the point of fixing the vulnerability? A large amount of private personal information was already in the hands of bad actors who could trade the data on the black market at will, and Facebook did not actively control the spread of the leaked data. Why didn’t they notify the users whose information was leaked in the first place, why didn’t they buy out the data in the first place, and would Facebook compensate them if the information was used by hackers and cyber criminals for identity theft and fraud and other illegal acts?

In fact, Facebook’s problems go far beyond this. Back in September 2015, the British consulting firm Cambridge Analytica obtained 87 million personal Facebook user profiles without Facebook users’ consent through a Facebook app called “This is Your Digital Life,” and the main use of the data was for political advertising. Cambridge Analytica directly interfered with the fairness of the 2016 presidential election by analyzing this data for the 2016 presidential election campaign. The Federal Trade Commission fined Facebook $5 billion in 2019, an amount that’s just too low! For a trillion-dollar company that leaked the data of 500 million people to pay a fine of only $5 billion, which is equivalent to each person’s private information worth only $10, which in the eyes of businessmen may not be a very good deal.

Facebook is the Internet social media field deservedly giant, no one application can compete with it, based on this, he can dispose of the company’s business and user data at will, the government and the public do not have the courage to say “no” to it. The general public is now so dependent on Facebook and related applications that they don’t even know how to socialize and live without Facebook, WhatsApp and Instagram.

However, we must recognize that Facebook, the Internet giant, has brought great uncertainty and risk to the protection of people’s privacy all over the world while its business is expanding rapidly, because it is like replacing the walls of a room with transparent glass for us, making people feel that we are not surfing on the Internet, but running naked on the Internet, while Facebook only cares about making money. On the surface, social media is changing and reshaping our lives step by step, bringing us convenience, bringing us joy, bringing us efficiency, yet it reminds us of a famous quote by Hoelderlin, as quoted in The Road to Serfdom by Friedrich Hayek: “What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.”

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Press Release

Beyond Intranet Launches Microsoft Fabric Consulting Services

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Chicago, Illinois Mar 28, 2024 (Issuewire.com) – Beyond Intranet, a leading technology solutions provider, today announced the launch of its new consulting services optimized for Microsoft Fabric. This move aligns with Beyond Intranet’s commitment to equipping clients with cutting-edge cloud solutions to drive digital transformation.

Microsoft Fabric enables scalable and reliable distributed applications, becoming indispensable for modern businesses. Recognizing growing enterprise demand for Microsoft Fabric expertise, Beyond Intranet developed an extensive suite of consulting offerings to help clients maximize their potential.

Service Offerings

Beyond Intranet’s Microsoft Fabric consulting services include:

  • Architecture Design & Implementation – Tailored architecture optimized for integrating Microsoft Fabric into existing infrastructures.
  • Migration & Deployment – Expert support for transitioning legacy apps to Microsoft Fabric smoothly and efficiently.
  • Performance Optimization – Proactive optimization to enhance the responsiveness of apps on Microsoft Fabric.
  • Security & Compliance – Assessments, audits and best practices for regulatory compliance and data protection.
  • Training & Support – Custom training and ongoing support for effectively managing Microsoft Fabric.

“As a leading Microsoft partner, we’re thrilled to offer the first consulting services purpose-built for Microsoft Fabric,” said CEO Piyush Goel. “These new capabilities demonstrate our commitment to equipping clients with the most advanced solutions to accelerate their digital transformation.”

For over 15 years, Beyond Intranet has been at the forefront of technology consulting, enabling data-driven decision-making and powering digital workplaces. This latest move extends Beyond Intranet’s track record of innovation excellence.

To learn more about Beyond Intranet’s Microsoft Fabric consulting services, visit: https://www.beyondintranet.com/microsoft-fabric-consulting-services or Contact [email protected]

About Beyond Intranet

Beyond Intranet provides consulting, data analytics, custom development, and workplace solutions. With expertise across Microsoft’s cloud platform, IoT, data science, and modern workplace, Beyond Intranet helps future-focused organizations harness technology’s potential.

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Microsoft Fabric Consulting Services – Beyond Key

[email protected]

https://www.beyondintranet.com

Source :Beyond Intranet

This article was originally published by IssueWire. Read the original article here.


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Firemind Achieves the Amazon Web Services (AWS) Financial Services Competency

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Firemind CTO Ben Wheeler

London, United Kingdom Mar 28, 2024 (Issuewire.com) – Firemind, a specialist AWS Data and AI partner, has achieved the Amazon Web Services (AWS) Financial Services Competency, demonstrating Firemind’s expertise in delivering comprehensive, cloud-based solutions tailored for the financial services industry.

This recognition is yet another testament to Firemind’s capabilities when creating innovative solutions for banks, insurers and capital markets firms. The AWS competency underscores Firemind’s commitment to driving digital transformation and fostering innovation within the financial industry, using the power of AWS to deliver secure, scalable, and resilient solutions. It highlights the company’s success in employing AWS technologies to streamline operations, enhance customer experiences, and address pressing challenges such as risk management, fraud detection, and regulatory compliance.

“We are proud to secure the AWS Financial Services Competency,” said Ben Wheeler, Chief Technology Officer at Firemind. “This achievement not only reflects our industry expertise and innovation in using AWS to transform financial services, but also reaffirms our commitment to supporting our customers throughout their digital journeys. Our team is passionate about discovering new ways to unlock value for our customers, and this recognition from AWS confirms our ability to build solutions that are reshaping the financial services landscape.”

Firemind’s path to achieving this competency involved multiple evaluations and demonstrations, showing how they can deliver outcomes that meet the high standards expected by AWS and their customers in this specific industry. Firemind’s solutions have significantly impacted various aspects of financial services operations, displaying the transformative potential of cloud technology in addressing their unique challenges.

As digital transformation continues to be a critical priority for the financial services industry, Firemind’s achievement of the AWS Financial Services Competency places it at the forefront of partners capable of delivering high quality financial service focused solutions. This achievement is a clear indication of Firemind’s ability to use AWS technologies in creating robust, innovative solutions that address the pressing needs of today’s financial services institutions.

With this recognition, Firemind again solidifies its position as a trusted partner for financial service organisations seeking to use the power of cloud technology to drive innovation, enhance operational efficiency, and deliver exceptional customer experiences.

About Firemind

Firemind is an AWS Data and AI Partner, specialising in innovative enterprise solutions for their customers in the UK, Europe, North America, Australia and the Middle East. Their services span AI/ML, Data and Analytics, Database, DevOps, SaaS, and cloud migration.

Firemind has served 200+ customers, including the Premier League, Center Parcs, and multinational insurance and financial firms, since its inception in 2018.

In 2023, Firemind launched PULSE, a Generative AI solution developed using the AWS Partner Solution Factory framework. PULSE has enabled AWS customers to accelerate business outcomes using Generative AI on AWS across various industries.

Firemind recently earned the AWS 2023 UKI Rising Star Award, a testament to its sustained growth and expertise in AI and ML. Firemind continue to disrupt customers’ technology boundaries, across all industries, to deliver rapid business value.

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Firemind

[email protected]

+44 020 3468 1670

Maidstone House, King St, Maidstone, ME15 6JQ

https://www.firemind.com/

Source :Firemind

This article was originally published by IssueWire. Read the original article here.


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Press Release

SaverOne Inks Major OEM Deal With IVECO Distracted Driving Software To Be Installed In All Its Light, Medium And Heavy Commercial Vehicles

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–News Direct–

By Meg Flippin, Benzinga

SaverOne (NASDAQ: SVRE), which makes safety systems to prevent people from using distracting apps while driving, just inked an original equipment manufacturing agreement with IVECO, the brand of Iveco Group N.V., which makes light, medium and heavy commercial vehicles. Under the OEM deal, IVECO will use SaverOnes safety technology in its 2024 truck production line.

Initially, for 2024, SaverOnes software will be integrated into IVECOs hardware. The company said the collaboration may in the future include the integration of SaverOnes mobile app with IVECO's mobile app, and SaverOnes hardware and software within IVECOs assembly line. The first IVECO vehicles with the integrated SaverOne software solution are expected to be delivered this year.

We are delighted to enter into this partnership with SaverOne, a collaboration that underscores Iveco Groups dedication to leading the way in transportation safety and innovation, Fabrizio Conicella, Head of Digital and Advanced Technology at Iveco Group said of the deal. Integrating the SaverOne technology into our trucks advances our efforts to provide our customers with not only the most reliable and efficient vehicles on the market, but also the safest.

Making The Roads Safer

SaverOnes technology automatically locates the mobile device in the drivers area and prevents the driver from using messaging and other distracting apps. If the phone disconnects, an alarm will sound. SaverOnes technology is already installed in over 4,500 cars, trucks and buses and is integrated into the fleets of more than 100 companies worldwide. It's a big addressable market for SaverOne given that distracted driving costs companies $60 billion annually.

Furthermore, it's a problem that's expected to get worse as the use of cell phones proliferates around the globe. Between 2024 and 2028 smartphone users are forecast to grow 10.7% to 496.7 million. By 2028, 5.1 billion people will have a smartphone. Studies show users arent shy when it comes to using their phones on the roadways either 77% of respondents said in a recent survey by the National Distracted Driving Coalition that they use their phones while driving.

SaverOnes Recent String Of Wins

The IVECO agreement is the latest in a string of deals SaverOne has inked as it aims to make the roads safer. Take its OEM agreement with Volvo Bus Corp., the unit of Volvo Group (OTCMKTS: VLVLY), for starters. Earlier this month it was announced that Volvo Bus will install SaverOnes Driver Distraction Prevention System (DDPS) in new Volvo buses manufactured for the Mexican market. SaverOne also expanded its agreement with GB Tours to install the SaverOne system on the full fleet of GB Tours public transportation and tour buses. GB Tours is a leading Israel-based public transportation company that operates public transportation lines as well as tour buses with a fleet of about one hundred buses.

Then theres SaverOnes pilot with Systems Logistics, an Italian designer, manufacturer and provider of automated warehousing with customers in Europe, America and Asia. The company has a fleet of over 100 vehicles. The pilot is taking place on a number of its vehicles. Tecne, the engineering company of Gruppo Autostrade per lItalia a leading concessionary in Europe for the construction and management of toll motorways is also a customer. Tecne recently entered into a pilot program with SaverOne that involves the integration of SaverOnes DDPS into an initial 10 vehicles. The fleet is comprised of about 3,000 vehicles, underscoring the potential opportunity for SaverOne.

All of these agreements and others SaverOne has inked underscore the growing interest from companies looking to reduce distracted driving accidents, and SaverOnes commitment to growing around the world.

"We are thrilled to sign this milestone OEM agreement with IVECO, a leading European vehicle manufacturer, said Ori Gilboa, CEO of SaverOne. We believe that this agreement represents a very significant strategic move that strongly expands our footprint in European markets. It works to integrate our advanced driver safety solution into IVECO's manufacturing line, which allows us to directly tap into the IVECO global customer base. We look forward to a fruitful collaboration with IVECO and are excited about the positive impact our joint efforts will have on making roads safer for everyone."

Featured photo by Sander Yigin on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/saverone-inks-major-oem-deal-with-iveco-distracted-driving-software-to-be-installed-in-all-its-light-medium-and-heavy-commercial-vehicles-936446056

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