#FinancialWatchdog

Over 40 million Kakao Pay users’ data somehow ended up with Alipay

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August 15, 2024 at 02:37AM Kakao Pay, a subsidiary of Kakao, shared data from 40 million users with Alipay’s Singaporean arm, without consent. Korea’s Financial Supervisory Service found this sharing illegal, citing violations of privacy laws and cross-border data transfer rules. Concerns were raised regarding the scope of data shared and the potential misuse by … Read more

Infosec biz boss accused of BS’ing the world about his career, anti-crime product, customers

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May 1, 2024 at 03:07PM Former Intrusion CEO Jack Blount has settled with the SEC over allegations of making false and misleading statements about his company’s product and his own background. The settlement, subject to court approval, involves Blount accepting an officer and director bar, without admitting or denying the SEC’s allegations or paying a … Read more