London: An Irish regulator said it was investigating Facebook Inc following the company’s disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.
The Irish Data Protection Commissioner (DPC), the lead regulator of Facebook in the European Union, said it was investigating to determine whether the company had complied with strict new EU privacy rules in its response to a number of breaches, including the one that exposed photos.
Facebook said in a statement that it was in close contact with the Irish regulator and happy to answer any questions.
The investigation is the second opened by the DPC into Facebook since the new regulations took effect in May.
Facebook disclosed the photo glitch earlier on Friday, saying it allowed some 1,500 software apps to access private photos for 12 days ending Sept. 25.
“We’re sorry this happened,” Facebook said in a blog.
The European data law requires companies to report data breaches to authorities within 72 hours, giving regulators authority to impose fines of up to 4 percent of annual global revenue for infractions.
Facebook said it would alert users whose photos may have been exposed.
The glitch could undermine Facebook’s efforts to assure users and regulators that it was making progress in bolstering security and privacy after a series of embarrassments, internet analysts said.
They include the Cambridge Analytica scandal in which the British political consulting firm harvested data of at least 87 million Facebook users and sold it for political use and a security breach for nearly 30 million users.
“We already have a lot of evidence to reinforce the idea that Facebook is sloppy, prioritizing growth at the expense of other considerations,” Brian Wieser, an analyst with Pivotal Research, said in an email.
New reports of bugs and breaches raise the likelihood that governments will add regulations on Facebook, said George Salmon, an analyst with Hargreaves Lansdown.
“Facebook is sensibly trying hard to regain the trust of its user base, but all that effort will be to no avail if stories like this keep emerging,” Salmon said.
The bug affected users who give third-party applications permission to access their photos.
Facebook typically only grants such apps access to photos shared on a user’s timeline, but the bug potentially gave developers access to other photos, including ones that were uploaded but not posted, and ones shared on Marketplace and Facebook Stories, the company said.
India’s trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%
New Delhi: India’s trade deficit for June 2019 narrowed by 7.98 percent to USD 15.28 billion as against the deficit of USD 16.60 billion in June 2018, government data showed.
The country’s exports registered a negative growth of 9.71 percent during June 2019 to USD 25.01 billion as compared to USD 27.70 billion in June 2018. Non-POL exports for June 2019 declined by 5.73 percent; non-POL and non-gems and jewelry exports declined by 4.86 percent.
India’s imports in June 2019 too fell 9.06 percent to USD 40.29 billion in June 2019 as compared to USD 44.30 billion in June 2018, data further showed.
The major commodities which contributed towards decline exports in June 2019 have been Petroleum products (-32.85 percent), Rice (-28.05 percent), Cotton yarn/Fabrics/made-ups (-19.73 percent), Gems and Jewellery (-10.67 percent), Readymade garments (-9.18 percent), Organic & inorganic chemicals (-8.17 percent), and Engineering goods (-2.65 percent), data showed.
Import of petroleum crude & products in June 2019 (USD 11.03billion) has recorded a negative growth of 13.33 percent as compared to June 2018 (USD 12.73billion). In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 15.81 percent in June 2019 vis-à-vis June 2018 as per data available from World Bank, official data said.
It will take 2-3 days for scheduling to use Pakistani airspace: AI
New Delhi: Hours after the Pakistan Civil Aviation Authority ordered its airspace to be opened to all civilian traffic for flights between India and Pakistan, Air India official said that it will take 2 to 3 days for scheduling to use Pakistani airspace.
Indian airlines resumed flight operations over the Pakistan airspace, after the latter removed access restrictions, following Balakot airstrikes by the Indian Air Force in February. Air India was saddled with heavy financial losses following this.
The Ministry of Civil Aviation wrote on Twitter, “After cancellation of NOTAMS by Pakistan and India in the early hours of Tuesday, there are no restrictions on airspaces of both countries, flights have started using the closed air routes, bringing a significant relief for airlines”.
In March, Pakistan partially opened its airspace but did not allow Indian flight to fly over its airspace.
Since then, foreign carriers had been using Indian airspace have been forced to take costly detours because they cannot fly over Pakistan. The closure mainly affects flights from Europe to Southeast Asia.
RBI slaps Rs 7 cr penalty on SBI for violating various norms
Mumbai: The Reserve Bank of India said it has slapped a penalty of Rs 7 crore on the country’s largest bank SBI for non-compliance with norms related to NPA identification and fraud risk management, among others.
The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and fraud risk management and classification and reporting of frauds.
Giving details of the case, it said the statutory inspection of SBI with reference to its financial position as on March 31, 2017, revealed, non-compliance with IRAC norms, sharing of information about customers with other banks, reporting of data on CRILC, fraud risk management, and classification and reporting of frauds.
Based on the inspection report and other relevant documents, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with directions issued by the RBI.
“After considering the bank’s reply and oral submissions made in the personal hearing, RBI came to the conclusion that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty,” the RBI said.
The penalty, RBI said, is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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