All GRC World Forums articles in August 2021 – Page 7
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News
Tech big names join US government’s cyber-security drive
Microsoft, Google Cloud, Amazon Web Services are among the private companies which have signed up to the Joint Cyber Defense Collaborative initiated by the US government’s Cybersecurity and Infrastructure Security Agency (Cisa).
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News
UAE and China pledge AML/CFT cooperation
The anti-money laundering agencies of the United Arab Emirates and China have signed a Memorandum of Understanding (MoU) to boost efforts in the anti-money laundering and combatting the financing of terrorism (AML/CFT) field.
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News
SFO launches money laundering and fraud probe into care home investor
The Serious Fraud Office (SFO) in the UK is investigating entrepreneur Gavin Woodhouse plus individuals and companies associated with him for suspected money laundering and fraud.
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News
Namibia moves to introduce unexplained wealth orders
The Financial Intelligence Centre (FIC) in Namibia is working on introducing unexplained wealth orders to help prevent financial crime.
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News
Court stops RNZ using more hacked material
Public broadcaster Radio New Zealand (RNZ) has been ordered by the country’s high court not to use any more information stolen in a cyber-attack on Waikato District Health Board (DHB) last May.
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Syrian ‘bribed to win lucrative Venezuelan contracts’
Naman Wakil of Syria conspired with others to bribe officials at Venezuela’s state-owned energy and food companies to obtain contracts worth at least $250m (€211m), a Miami court was told.
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News
Flipkart faces huge fine for ‘breaking investment laws’
India’s financial crime agency has reportedly asked e-commerce giant Flipkart and others to explain why they should not face a INR100bn ($1.34bn, €1.13bn) penalty for allegedly violating foreign investment laws.
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News
Deliveroo fined for privacy and transparency breaches in Italy
Italian data protection authority Garante has imposed a €2.5m ($3.0m) financial penalty on food delivery company Deliveroo for disproportionate collection of workers’ data and lack of transparency in use of algorithms.
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Ex-lawyer jailed in US for fraud and money laundering conspiracy
A judge in Colorado has imprisoned former California attorney David Kaplan for 36 months after he admitted his part in a conspiracy to commit wire fraud and money laundering.
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News
Payroll boss sentenced for laundering $1bn-plus
Businessman Michael Mann has been jailed after admitting laundering more than $1bn (€845m) stolen funds from employers, employees, financial institutions and financing companies in the US over three years.
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News
British banks ‘failing to fully support fraud victims’
Some UK banks are providing insufficient help to customers who fall victim to financial scams, leaving them at risk of losing more money in recovery fraud, according to consumer rights’ organisation Which?
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News
Mistrust of data handling ‘threatens digitalisation of economy’
The digital world is at risk without deep reform of the way companies treat data and governments regulate it, according to Lorenzo Milans del Bosch, a partner in US management consultants Oliver Wyman.
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Video
GRCTV: The cyber fraud epidemic & app store scams
Access this episode on demand, as we delve into how the pandemic created a cyber fraud epidemic and we chat with the man poking holes in Apple’s app store and the multi-million dollar scams operating on within the app store.