The announcement comes after mounting concerns about the use of off-channel communication apps by government and public sector employees, raising alarm about information security at higher levels.
Messaging apps
The penalty is for breaches of PECR which govern unsolicited electronic marketing.
Why communication archiving, insider trading regulations and audit tech are effective guardrails for global financial markets amid times of volatility.
A vulnerability in TeleMessage was reportedly exploited to extract archived messages and other data relating to US government officials and companies.
Proposed law due this year will require messaging apps to store data, and to implement technical backdoors.
The CFTC issued a customer advisory alerting messaging app users to beware of schemes to defraud them of assets, especially crypto assets.
Widespread enhancements in AI, and growing sophistication of open source AI tools, are increasingly being used by fraudsters for illicit purposes.
The company was found engaging in repeated conduct of “abusive, and invasive practices” against users in Nigeria.