DoS and API attacks ‘on the rise’
New analysis from F5 Labs suggests Denial-of-Service (DoS) and Application Programming Interface (API) attacks, are on the rise globally.
Schrems’ campaign group lodges complaint about Google’s ad tracker
Noyb, the campaign group founded by privacy activist Max Schrems, has filed a complaint with France’s data protection authority about Google’s Android advertising identifier (AAID).
Pleyer calls on G20 to promote change in fincrime regulatory culture
Dr Marcus Pleyer wants a move away from a ‘form-filling’ regulatory culture and has called on the G20 group of governments to lead the change in order to more effectively fight financial crime.
Global spending on regtech will nearly quadruple to $130billion by 2025, report finds
Spending on regulation technology globally will surge from $33billion in 2020 to $130bn by 2025, as banks increasingly look to Artificial Intelligence (AI) solutions for onboarding and Know Your Customer (KYC) requirements, a report has predicted.
Four in five UK banks say Covid-19 hampered their financial crime effectiveness, survey finds
The switch to remote working during the coronavirus pandemic has impacted on UK banks’ financial crime prevention measures at a time cases of fraud and money laundering were rising, survey respondents have said.
Business Update: Digital Shadows announces new threat intelligence capabilities
By integrating with MITRE ATT&CK®, Digital Shadows customers will benefit from the collective insight of thousands of security professionals worldwide (Press Release)
Gibraltar, Guernsey, Jersey and Isle of Man to share CTF information
A new international forum to share counter-terrorism financing (CTF) information with three other jurisdictions has been set up by the Royal Gibraltar Police.
Business Update: IBM Cloud for Financial Services Accelerates Innovation
SAP joins ecosystem of more than 90 partners and FinTechs serving financial institutions worldwide (Press Release)
Apple tells developers to prepare for imminent launch of App Tracking Transparency feature
Apple has urged developers to make sure their apps are ready for its new App Tracking Transparency privacy feature that is expected within weeks.
Microsoft warns businesses are not taking firmware attack threat seriously enough
Businesses are not paying close enough attention to firmware attacks, Microsoft has warned, following research showing the scale of the problem.
EU says ‘no major breach detected so far’ following significant cyber attack
The European Commission and other European Union (EU) institutions have been hit by a cyber attack significant enough for senior officials to be alerted.
Business Update: Partnership between Maxeler Technologies and fragmentiX
Maxeler Technologies and fragmentiX are partnering to deliver maximum performance and ultra-secure-by-design data storage and computing solutions (Press Release)
TNO, Rabobank and ABN AMRO report ‘good initial results’ from privacy-enhanced data-sharing AML project
A project to allow the sharing and analysing of transaction information between banks while protecting privacy of customers has had ‘good initial results’ after testing with synthetic data, a bank involved has said.
Irish DPC probes whether Facebook data leak falls under GDPR time frame
The Irish Data Protection Commission (DPC) is probing whether any of the data records of 533 million Facebook users published over the weekend were leaked after the implementation of the General Data Protection Regulation (GDPR).
Business Update: IDEMIA Collaborates with Microsoft to Deliver Secure, Digital Verified Credentials Solution
Mobile solution enables organizations to confirm identity and credentials without collecting or storing an individual’s personal data (Press Release)
Thousands of Indian government officials being trained in cyber security
More than 4,000 employees of the Indian government have been trained in cyber safety in the past three months to help beef up the state’s defences against cyber-attacks.
Data protection act enforcement may be further delayed in Thailand
Thailand’s new digital economy and society minister Chaiwut Thanakhamanusorn is considering postponing full enforcement of the country’s Personal Data Protection Act (PDPA) scheduled for June, in part to give small- and medium-sized enterprises (SMEs) more time to prepare. Implementation has already been delayed once.
FinCEN appoints former Chainalysis executive as new head
The Financial Crimes Enforcement Network (FinCEN) has appointed a former executive of cryptocurrency analytics firm Chainalysis as its new Acting Director.
Giant cyber insurance firm CNA hit by 'sophisticated' ransomware attack
Insurance firm CNA is working to restore its systems and is investigating if policyholders’ data has leaked after a “sophisticated” cyber attack.
US beneficial ownership register step closer as FinCEN publishes consultation
The Financial Crimes Enforcement Network (FinCEN) has started the regulatory process of implementing a new beneficial ownership registry for businesses by publishing an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the proposals.
Dutch DPA fines Booking.com €475,000 for late reporting of data breach
The hotel booking firm Booking.Com has been fined €475,000 for failing to report a data breach to the authorities for 22 days
Hungarian authorities dismantle €8million VAT ‘invoice mills’ fraud scheme
An organised criminal group that used “missing traders” to fraudulent claim €8.2million has been dismantled by the Hungarian National Tax and Customs Administration, Europol announced yesterday.
International Compliance Association announces new Global Practitioner Advisory Board
The International Compliance Association has announced the members of its new Global Practitioner Advisory Board.
Business Update: VIDIZMO Helps Organizations Meet GDPR Conditions
VIDIZMO’s compliant solutions help organizations proactively protect the personal data they process and prevent unauthorized breaches (Press Release)
Ernst & Young drops appeal against $10.8m penalty to laundering whistleblower
Ernst & Young (EY) has dropped its appeal against the United Kingdom’s High Court awarding former partner and whistleblower Amjad Rihan $10.8m (€9.08m) in compensation.