All GRC World Forums articles in July 2021
View all stories from this issue.
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NewsTwo ex-Wall Street bank traders convicted of precious metals’ fraud
A US jury has found two commodity traders guilty of manipulating the precious metals futures market by routinely making large ‘spoof’ orders, the practice of pushing market prices up or down by placing an order for a contract with no intention of executing it.
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NewsZimbabwe’s controversial cyber security and privacy bill sent back
After passing Zimbabwe’s Senate without debate, the government’s Cyber Security and Data Protection Bill has been referred back to the upper chamber.
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NewsBrazilian board executives struggle with LGPD regulations
Under half of Brazilian organisations believe they would not be fully compliant with Brazil’s General Data Protection Law (LGPD) by August 1, 2021.
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NewsIsle of Wight schools struck by ransomware attack
Six schools have fallen victim to a ransomware attack which is now preventing staff from accessing their systems.
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NewsAfrica needs to curb financial crime to grow
For Africa to transform itself into the epitome of economic empowerment and self-reliance, the continent needs to prevent illicit outflows from the region, according to Ghana’s President Nana Addo Dankwa Akufo-Addo.
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NewsWeak US government cyber security ‘puts individuals’ data at risk’
The personal information of millions of Americans is at risk because branches of government have failed to implement basic defences against cyber-attacks, according to a Senate committee report.
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NewsMonzo subject to AML probe as it combats financial crime
UK financial watchdog FCA is investigating digital bank Monzo for compliance with anti-money laundering regulations. The checks come as the bank says it is stepping up measures to combat financial crime and reduce the risk of customers falling victim.
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NewsSolarWinds hackers accessed offices of US prosecutors
Email accounts in the offices of 27 US district attorneys were breached during the SolarWinds supply-chain cyber-attack last December, the department of justice (DoJ) has admitted.
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EventFinCrime Global: A Global Live Stream Experience
FinCrime Global brings together a globally engaged audience to discuss, challenge, debate and address how we can make the world a safer place. Staying informed, connected and part of the solution has never been so important.
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NewsFlorida congresswoman reintroduces children’s privacy bill
Rep. Kathy Castor, D-Fla has plans to reintroduce a privacy bill that could allow parents to sue companies that violate their kids’ privacy.
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WebinarHandling Tricky Employee Subject Access Requests
Being able to respond effectively to subject access requests (SARs) can be challenging, especially when they are complex requests from current or former employees.
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NewsICO fines nuisance call blocker company £170K
The Information Commissioner’s Office (ICO) has fined Yes Consumer Solutions Limited (YSL) £170,000 for making unsolicited direct marketing calls to customers registered with the Telephone Preference Service (TPS).
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NewsZoom settles class action privacy lawsuit for $85m
Zoom Video Communications has agreed to pay $85 million and bolster its security practices in a class action lawsuit filed Saturday afternoon.
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NewsAmazon hit with record €746m GDPR fine
Luxembourg’s data protection authority CNPD has imposed a fine of €746m ($888m) on Amazon for processing personal data in breach of the EU’s General Data Protection Regulation (GDPR). The CNPD also ordered the online retailer to revise it practices.
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NewsGermany hands over data on Maltese nationals’ offshore holdings
Tax authorities in Germany have passed on information about investments around 20 Maltese citizens have in Dubai, UAE, to their counterparts in Malta.
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NewsData breach lawsuit against Walmart dismissed
A US judge has ended a proposed privacy class action against Walmart for an alleged data breach, finding the customer who sued the supermarket chain had not adequately pleaded his claims.
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OpinionWomen in Governance, Risk and Compliance Awards: Four days until deadline
The application deadline for the inaugural Women in Governance, Risk and Compliance Awards deadline is fast approaching, with just four days to go.
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OpinionWomen need to self promote more
Study reveals that women are more likely to underrate their performance despite being as favourable as equally performing men.
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NewsZimbabwe’s upper house passes data bill despite privacy concerns
Senators have approved Zimbabwe’s Cyber Security and Data Protection Bill without debate, though opponents say it violates fundamental rights such as privacy, freedom of speech and access to information.
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NewsCompany ‘owner’ jailed for defrauding US Covid-19 relief scheme
A Texas man has been imprisoned for more than 11 years after admitting wire-fraud and money-laundering offences to obtain millions of dollars under a US government programme to help businesses survive the coronavirus crisis.