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21 May 2022 Cyberlaw & Technology Watch

CyberFOCUS


Stablecoin collapse sounds alarm for cryptocurrencies

The massive collapse of ‘algorithmic stablecoin’ TerraUSD reverberated across the cryptocurrency world last week, ringing alarm bells for countries that have been quick to adopt the currency and raising concern about global readiness for a crypto market, writes Legalbrief. The ... Read More

CyberREPORTs


Dis-chem probes massive data breach

Dis-Chem has confirmed an investigation into a data breach of 3.6m people’s personal information. An EWN report notes that the company confirmed that ‘no identification numbers, medical, financial or banking information was contained in this database’. However, the incident ... Read More

Banking services ombudsman flags Internet fraud

Banking services in SA are under pressure as the country reels from the Covid-19 pandemic, and challenges of rapid digitisation. It is no surprise then that Ombudsman for Banking Services (OBS) Reana Steyn said last week that her office received ... Read More

Analogue dispute set for ConCourt this week

The Constitutional Court showdown over the country’s analogue switch-off (ASO) deadline has been set for Friday. An IT Web report notes that broadcaster e.tv approached the top court on an urgent basis to appeal the High Court ruling that ... Read More

CyberANALYSIS


Intractable alliance of Big Tech and media groups

Media houses and Big Tech need to work together to produce the news. So writes Khaya Sithole, an accountant, academic and activist, in a BusinessLIVE analysis. ‘On 18 February 2021, Australia’s 18m Facebook users woke up to an empty feed ... Read More

CyberBYTES


Hefty sentences for vandalising telecoms infrastructure

* Three men will collectively serve 90 years in prison for vandalising telecoms infrastructure. The vandals were sentenced in the Bethulie Regional Court in the Free State for stealing 24 cell phone tower batteries belonging to MTN and Vodacom valued at ... Read More

ENSafrica offers e-discovery solution

* ENSafrica last week confirmed that it is the first law firm in Africa to adopt RelativityOne, the industry leading SaaS e-discovery solution. Based in the cloud, RelativityOne manages large volumes of data and quickly identifies key issues during litigation and ... Read More

Software company Altron fares well on the JSE

* JSE-listed Altron this week reported an 82.9% rise in normalised headline earnings per share to 75c for the year ended 28 February 2022, despite facing a tough year marked by the global shortage of electronic components and reduced capital ... Read More

SIDEBARS


Authority announces extension for comment

* Icasa has announced that the time allowed for comment on its Draft End-user and Subscriber Service Charter Amendment Regulations, 2022, has been extended to 17 June. A Policy Watch report notes that a notice in the Government Gazette says regulations ... Read More

Gaming industry draws in 3bn players

Gaming industry draws 3bn playersManagement consulting firm Mckinsey and Company says the gaming industry has drawn in almost 3bn players globally, and its value now exceeds $300bn. This fast-growing, digital world of cowboys, cute pastel animals, grand larceny and more ... Read More

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