The E.U. has ordered Ireland to collect more than $14B in taxes from Apple that, according to the E.U., have gone unpaid for years. Also in recent GRC news, state voter registration system breaches continue to highlight vulnerabilities in the U.S. election process and Dropbox finally confirmed more than 68 million users’ accounts were hacked in a 2012 data breach.
Apple told by E.U. to pay Ireland $14.5B in unpaid taxes
The European Union has ordered Ireland to gather nearly $14.5B in retroactive taxes from Apple, The New York Times reported. Apple has long been scrutinized for its alleged tax evasion and for using Ireland, a country that offers one of the lowest tax rates in the world, as a so-called “tax haven.”
In a statement released on Apple’s website, CEO Tim Cook expressed disappointment about the E.U.’s ruling and detailed the consequences that could result if the order is upheld. “Beyond the obvious targeting of Apple, the most profound and harmful effect of this ruling will be on investment and job creation in Europe. Using the Commission’s theory, every company in Ireland and across Europe is suddenly at risk of being subjected to taxes under laws that never existed,” Cook said in the statement. Both Apple and Ireland intend to appeal the E.U.’s decision.
Two states’ election systems breached
Arizona and Illinois both had their election systems breached by hackers that are likely based overseas, CNN reported. The news comes weeks after security experts warned of possible voting system breaches during the presidential election in November. Ken Menzel, General Counsel for the Illinois Board of Elections, told CNN that a board database was breached and possibly compromised 200,000 voter records. In May, officials in Arizona took down the state’s voter registration system after receiving an FBI tip about a cybersecurity threat. After taking the registration system offline, it was discovered that an Arizona county election official’s username and password had been shared online, allowing hackers a possible way into the county’s local voter registration system.
These voter registration system breaches come after many individuals have expressed their concern about the possibility of hacks that would influence the 2016 presidential election.
Dropbox confirms 68 million accounts exposed in 2014 hack
Online storage giant Dropbox has confirmed the details of a 2012 hack that led to the leak of more than 68 million accounts’ emails and passwords, BBC reported. The breach serves as an important lesson to all who utilize online accounts: do not reuse passwords.
Although it can be convenient to have the same password for every online account you sign in to, it is also very dangerous from a cybersecurity standpoint. The 2012 Dropbox hack was made possible after hackers exploited a Dropbox employee’s password for a different online account that was leaked via another data breach. The employee failed to change the password after the first breach, resulting in the compromise of the employee’s Dropbox account.