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July 05, 2022 T&S Newsletter

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T&S Early Warning News

Get ahead of new stories that are impacting the T&S industry.

British Army's Twitter and YouTube accounts hacked to promote cryptocurrency scams

CNBC | July 04, 2022

Company Listed: Twitter, YouTube

A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams.

The army’s Twitter and YouTube profiles were taken over by the hacker, or hackers — the identity of whom is not yet known — on Sunday. The Twitter account’s name was changed to “pssssd,” and its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.”

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Calls for greater regulation on TikTok mortgage advice

FT Advaiser | July 04, 2022

Company Listed: TikTok

TikTok’s mortgage stars are calling for stricter rules on the social media platform to stop scammers spreading misinformation and to preserve industry standards.

Qualified mortgage brokers, who have thousands of followers on the video sharing app, are demanding rigorous checks on influencers who post videos that contain mortgage advice to ensure viewers get authentic information from professional brokers rather than scammers or those with no qualifications.

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Social media, content moderation and free speech: A tussle

The Leaflet | July 05, 2022

Company Listed: Social Media

THERE has been much clamour around the announcement of American business magnate and investor Elon Musk’s potential acquisition of the microblogging and social networking platform Twitter. Musk, a self-proclaimed “free speech absolutist” has previously defined his idea of free speech to mean, “that which matches the law. I am against censorship that goes far beyond the law. If people want less free speech, they will ask [the] government to pass laws to that effect. Therefore, going beyond the law is contrary to the will of the people”.

Even as his idea of free speech remains elusive, it seems that Musk is willing to abide by regulatory requirements.

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INTERNET Social media platforms have an 'important role' in combating disinformation, conference told

EU Reporter | July 05, 2022

Company Listed: TikTok

Speaking at the online event, Professor Eleni Kyza said it was “crucial” to find ways to address the issue.

Kyza, of the Department of Communication and Internet Studies at Cyprus University of Technology, added, “If we don’t do anything it will be catastrophic.”

She was a keynote speaker at the meeting which explored the experiences and responses of youth to online disinformation.

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Highland Park parade shooting: What we know about person of interest Robert Crimo’s social media

NY Post | July 04, 2022

Company Listed: Social Media

The “person of interest” arrested in the deadly mass shooting at a Fourth of July parade outside Chicago on Monday has been identified as a 22-year-old local amateur rapper with a history of disturbing online posts.

Robert “Bobby” E. Crimo III, who performs as “Awake the Rapper,” was taken into custody Monday shortly after FBI agents visited his family’s home in Highwood, about a mile from the scene of the shooting in Highland Park, WGN-TV ­reported.

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Hacker claims to have obtained data on 1 billion Chinese citizens

The Guardian | July 04, 2022

Company Listed: Social Media

A hacker has claimed to have stolen the personal information of 1 billion Chinese citizens from a Shanghai police database, in what would amount to one of the biggest data breaches in history if found to be true.

The anonymous hacker, identified only as “ChinaDan”, posted on hacker forum Breach Forums last week offering to sell the more than 23 terabytes (TB) of data for 10 bitcoin, equivalent to about $200,000 (£165,000).

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T&S Policies & Regulations

Regulatory news and policy decisions impacting the T&S ecosystem.

Compare and review T&S Policies for dozens of companies here

Americans are being urged to delete period tracking apps. Should Canadians do the same?

CBC | July 05, 2022

Company Listed: Social Media

If you're the kind of person who tracks your period, fitness, sleep or other health metrics with an app, privacy experts have a warning for you: your data could be a gold mine for advertisers, hackers, or law enforcement.

There have been calls on social media for American women to delete period tracking apps from their phones since the U.S. Supreme Court's draft decision on Roe v. Wade was leaked in early May.

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UK Says to Strengthen Internet Laws to Fight Russian Disinformation

US News | July 05, 2022

Company Listed: Social Media

Britain is proposing a new law that will require social media companies to proactively tackle disinformation posted by foreign states such as Russia, the government said on Monday.

The law would tackle fake accounts on platforms such as Meta's Facebook and Twitter that were set up on behalf of foreign states to influence elections or court proceedings, the government said.

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Twitter “Finally” In Compliance With IT Rules, Says Govt

Inc42 | July 05, 2022

Company Listed: Twitter

On June 27, the IT Ministry had asked Twitter to either comply with the IT Rules or lose intermediary status. The deadline for the same was July 4, 2022. According to a PTI report, official government sources have stated that Twitter is finally in compliance with the IT Rules, 2020.

The new IT Rules (now in process of amendment) grant social media platforms the status of intermediaries. In turn, these intermediaries need to safeguard the public interest and have to abide by the guidelines, including takedown notices from the government offices. But Twitter, in the past, failed to comply with two takedown notices – on June 6 and 9.