: The Federal Trade Commission is taking action against Illusory Systems Inc. for failing to implement adequate data security measures, leading to a major security breach in which hackers stole $186 million from consumers. Under a proposed order settling the FTC’s allegations, Utah-based Illusory, which does business as Nomad, will be required to implement an information security program to address numerous alleged security failures and to return recovered money to affected consumers. “The FTC Act requires companies to take reasonable security measures,” said Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection. “It’s important that companies live up to their security promises to consumers.” In its complaint , the FTC alleged that Nomad prominently touted its security in its advertising, claiming that it offered “security-first” services. The FTC, however, alleged that the company failed to live up to these promises by failing to: use secure coding practices; implement processes for recei[...]
: New data from the Federal Trade Commission reveal that people reported losing a staggering $3.5 billion to imposter scams in 2025, with reported losses increasing nearly three times since 2020. FTC data also show that people reported imposter scams more than any other fraud category in 2025—nearly one in three fraud reports were about imposter scams. These scams lured consumers through text, phone, email, social media, search engine results and other means. Some of the costliest impersonation scams start with a fake security alert, often from a bank. People are convinced to move money to “protect” it, with their losses often limited only by their available funds. Last year, people reported losing nearly $1 billion to business impersonators with the highest reported losses to bank impersonators—and about $920 million to government impersonators, up from $866 million and $789 million respectively in 2024. The FTC has seen a striking increase in reported fraud losses to all types of fraud—about $16 billion was [...]
: BEREC Study trip to Japan yannick.stephan Tue, 03/11/2026 - 10:27 Latest News From 26 to 30 October, BEREC’s leadership visited Japan on a study trip aimed at strengthening international relations and exchanging experience with key partners from government, industry, research and academia. The delegation was led by BEREC Chair Marko Mismas (AKOS, Slovenia) and was made up of Vice-Chairs Alejandra de Ituarriaga (CNMC, Spain), Michel Van Bellinghen (BIPT, Belgium), Sarah Jacquier-Pelissier (Arcep, France), Giacomo Lasorella (AGCOM, Italy), Klaus Steinmaurer (RTR, Austria) and Robert Mourik (ComReg, Ireland). The representative of participants without voting rights, Milan Radulovic (EKIP, Montenegro), and the Director of the BEREC Office, Verena Weber, also joined the delegation. The visit was part of BEREC’s broader efforts to deepen dialogue with international stakeholders and to gather first-hand insight into developments in advanced digital and telecommunications markets. Japan, as a global leader in connec[...]