Welcome to Tech Beat, your daily read on the technology stories that matter.
Ernst and Young is dealing with a significant data breach after attackers compromised a third-party IT service management platform between late March and mid-April of this year. The exposed data includes client tax documents tied to support tickets. The full scope remains undisclosed, though EY has secured its systems and is offering two years of identity monitoring through Experian.
Turning to Europe, Alibaba has been hit with a record fine of five hundred fifty million euros by the European Union under the Digital Services Act, marking the largest penalty issued under that legislation to date. The ruling centers on illegal product sales on the platform, and it signals that Brussels is prepared to pursue major enforcement action against non-European tech giants operating in its market.
And in South Korea, the Bank of Korea is moving closer to a live digital currency pilot, preparing to run real transactions with nine commercial banks this September. The test will allow retail consumers to trade tokenized won freely across those institutions on a shared blockchain network, representing one of the most concrete steps any major central bank has taken toward a functioning retail digital currency.
Keep surfing. Tech Beat out.
