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French Taxpayer Data Stolen in Cyberattack Affecting 678,000 Users

French authorities have confirmed that taxpayer information belonging to 678,000 individuals and businesses was stolen in a cyberattack targeting the country’s tax administration.

The French Finance Ministry said a malicious actor claimed to have breached the General Directorate of Public Finances in late June. Subsequent investigations confirmed that unauthorized access had taken place and that taxpayer data had been viewed and extracted.

Officials are still investigating exactly which types of information were compromised and whether additional users may have been affected.

The ministry said impacted taxpayers will be contacted individually and informed about the data that may have been accessed, along with any precautionary measures they should take.

The incident adds to growing cybersecurity concerns across government institutions as attackers increasingly target large databases containing sensitive personal and financial information.

US considers Robinhood to manage Trump-backed investment accounts for children

The U.S. government is considering selecting Robinhood to help oversee new government-supported investment accounts for children, known as “Trump accounts,” according to a Bloomberg News report citing people familiar with the matter. The program would involve opening accounts for millions of U.S. children and placing Robinhood in a trustee role for the initial rollout.

The report said Robinhood has begun internal preparations in case it is chosen, while other major investment firms such as Fidelity Investments and Vanguard Group have not been approached for the first phase. The U.S. Treasury Department is expected to select up to three firms to serve as initial trustees, with a decision anticipated soon. Neither Robinhood nor the Treasury immediately commented on the report.

The accounts were announced this week by Donald Trump as part of a government-backed initiative aimed at encouraging long-term investing. Under the plan, the U.S. Treasury Department would deposit $1,000 into an investment account for every child born in the United States between 2025 and 2028. Treasury estimates suggest roughly 25 million families could qualify.

The administration projects that, without any additional contributions, the accounts could grow to about $5,800 by the time beneficiaries reach age 18. Trump has also urged U.S. businesses to contribute to the accounts on behalf of employees’ children, potentially increasing long-term returns. The proposal represents a significant expansion of government involvement in retail investing and could elevate the role of fintech platforms in public financial programs.

Texas governor bars state employees from using Shein, Alibaba products

Texas Governor Greg Abbott has ordered a ban on state employees using products from several Chinese-owned companies, including Shein, Alibaba and TP-Link, citing concerns over data security and the privacy of Texans. The restriction applies to state-owned devices and networks and covers physical hardware, software and artificial intelligence tools.

The list of prohibited companies also includes online shopping platform Temu, battery maker CATL, Chinese drone manufacturer Autel and artificial intelligence firm iFlyTek. Abbott said the move was aimed at preventing potential access by the Chinese government to sensitive data handled by Texas state agencies.

The decision follows a broader trend among U.S. state and federal officials to limit the use of technology linked to China on security grounds. While Texas has taken a firm stance, the move comes as Washington and Beijing reached a temporary easing of tensions last October after years of trade and technology disputes.

Abbott’s order reflects ongoing concerns about foreign technology in government systems and adds Texas to a growing list of U.S. jurisdictions imposing restrictions on Chinese-linked products in the name of cybersecurity and national security.