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HSBC To Staff: Stay Off Bank’s Social Media Accounts

PYMNTS

21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . HSBC is a much safer institution than it was in 2012.”. The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. He said it was a natural extension of its global social media business and not an attempt to remove a potential competitor from the marketplace. “It

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U.S. Regulators Eye ‘Record’ Facebook Fine For Privacy Violations

PYMNTS

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. million paid by Google in 2012. Other data privacy issues have been reported beyond that linkup.

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PYMNTS Daily Data Dive: VK.Com Hacking Details

PYMNTS

Recently released details show that another social media network was hit by a massive data breach, a trend that appears to be all too common today. The latest company to be hit is VK.com , which is the largest social media network in Europe. 350+ Million | The approximate number of VK.com users.

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Facebook Played Favorites With Data

PYMNTS

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

Data 116
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Facebook Says It’s Open To New Regulation

PYMNTS

According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Facebook is “not the same company” even a year ago, with the social media giant already instituting a lot of changes, the executive noted.

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Crypto Fundraising Has Been Banned On WeChat

PYMNTS

Also in the update has a mandate against investing in precious metals on trading platforms, in addition to illegal futures and securities. WeChat was forced to ban at least eight cryptocurrency media outfits for breaking Chinese law by publishing currency trading information and also for boosting initial coin offerings.