Articles by Katie Paul

Facebook Warned Its Employees, Not Users, About 2018 Breach, Lawsuit Says

Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. …

Facebook Plans Global Cryptocurrency, Entry into Financial Services

Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, …

California Bill to Expand Customer Ability to Sue over Handling of Data Fails

California’s senate blocked a bill on Thursday that would have expanded the ability of consumers to sue companies over their handling of personal data, a win for tech industry groups concerned about wide-ranging privacy lawsuits. Under California’s data privacy law, …

Facing Bias Claims, Facebook Will Revamp Its Platform for Housing, Jobs, Credit Ads

Facebook Inc has agreed to change its paid advertising platform as part of a wide-ranging settlement to prevent discriminatory and “harmful” practices, the company and U.S. civil rights groups said on Tuesday. Under the agreement, Facebook will create a new …

California AG Backing Bill to Expand Consumer Privacy Protections

California Attorney General Xavier Becerra has endorsed a state bill that would expand the state’s new privacy act to allow consumers to sue companies over their handling of personal data, despite months of tech lobbying against such a move. California’s …

New York Governor Orders Investigation Into Facebook’s Access to User Data

New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data. The directive …

Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources

Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two people with direct knowledge of the matter told Reuters. A …

Saudi Decision to End Women’s Driving Ban Boosts Auto Insurers’ Shares

Saudi Arabia’s decision to end a driving ban for women is likely to save families billions of dollars, boost industries from car sales to insurance, and reassure investors that the kingdom’s push to diversify its economy beyond oil is on …

Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling

A U.S. law allowing lawsuits against Saudi Arabia over the Sept. 11 attacks met a stony silence from Riyadh on Thursday but some Saudis bristled, saying the kingdom should curb business and security ties in response. The Senate and House …