Top news: New Privacy Bills proposed in Senate, Accellion’s $8.1m settlement, and more

Banning Surveillance Advertising Act introduced in Senate

A new bill has been introduced in the Senate that aims to ban the use of personal data for targeted advertising by digital advertisers like Facebook, Google, and other data brokers. Dubbed the Banning Surveillance Advertising Act, the bill will prevent targeting based on “protected class information, such as race, gender, and religion, and personal data purchased from data brokers.” Read More

AB Fashion & Retail faces data breach

Aditya Birla Fashion and Retail Ltd (ABFRL) is facing a data breach on its portal, having exposed 5.4 million email addresses. The company has engaged forensic security experts to investigate the data breach incident and has taken proactive measures like resetting passwords, enabling MFA, and further steps to secure access to customer and employee information. Read More

Crypto.com breach compromises user accounts

Crypto.com has confirmed that a data breach at the company compromised hundreds of user accounts and resulted in stolen funds. The company’s CEO, Kris Marszalek, told Bloomberg that he had not received any outreach from regulators since the attack was first disclosed but would share information if official inquiries were made. Read More

Data transparency bill introduced by lawmakers

A group of US lawmakers has introduced the Terms-of-service Labeling, Design and Readability (TLDR) Act to increase online transparency and ensure consumers are informed about how their personal data is collected and used. The bill would exempt small businesses and make companies subject to civil suit by State Attorneys General if at least 1,000 residents in their state have been affected. Read More

Mississippi Consumer Data Privacy Act tabled at the Senate

State Sen. Angela Turner-Ford has introduced the Mississippi Consumer Data Privacy Act (Senate Bill 2330), which proposes data subject rights, a "do not sell" provision, a private right of action and attorney general enforcement. Read More

Accellion agrees to $8.1m settlement

Accellion has reached an $8.1 million deal to settle claims in a proposed nationwide class-action lawsuit. Accellion was sued over a breach of its legacy file transfer product, a platform that allowed companies to securely share large or sensitive files. Read More