All GRC World Forums articles in May 2021 – Page 8
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WebinarSo many assessments, so little time: How to prioritise when everything’s on fire
Risks are ever-changing, and often move faster than a privacy teams’ agenda can keep up with. That means you’ll have to make hard decisions about what actually gets done, whether you’re conscious of it or not.
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NewsEcuador’s data protection bill passes key stage
Members of Ecuador’s National Assembly have approved the proposed data protection law at a second reading.
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NewsEU plans to ban cash payments above €10,000 in AML move
The European Commission is preparing to prohibit cash transactions of €10,000 or more as part of new anti-money laundering measures.
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NewsFTC seals agreement with Everalbum on facial recognition
The Federal Trade Commission (FTC) has finalised a settlement with Everalbum about its Ever photo app which allegedly deceived consumers about its use of facial recognition technology and retention of photos and videos of users who deactivated their accounts.
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NewsNew South Wales to make reporting data breaches compulsory
Government departments in New South Wales (NSW), Australia, face having to notify the Privacy Commissioner and anyone affected by cyber-attacks or privacy breaches likely to result in serious harm.
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NewsPakistan to work towards meeting FATF’s AML conditions
The Pakistani government is to bring in a swathe of new rules and procedures with the goal of ending its three years on the Financial Action Task Force’s grey list which subjects it to increased monitoring.
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NewsGRC World Forums launches TV-style weekly broadcast
A new TV-style weekly digital broadcast to inform the industry of the latest governance, regulation and compliance (GRC) developments and featuring topical insight from thought leaders launches today.
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NewsData protection bill begins passage through Rwanda’s parliament
Rwanda’s chamber of deputies has passed the Personal Data Protection and Privacy Bill.
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NewsRansomware attack knocks out key US pipeline
The Colonial pipeline serving most of the eastern United States with fuel and heating oil has been shut down after what is being viewed as the worst-ever cyber-attack on the country’s infrastructure.
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ebookOld school anonymization is out, synthetic data is in
The world is changing, and anonymous data is not anonymous anymore.
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NewsEuropean Banking Authority outlines plans for a centralised AML/CFT database
The European Banking Authority (EBA) has published a consultation paper on plans for an anti-money laundering (AML) and counter terrorism financing (CTF) centralised database in the European Union.
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NewsNorwegian toll road operator faces fine for ‘serious violations’ of data protection rules
Norway’s data protection authority Datatilsynet proposes to impose a NOK5m ($600,000) financial penalty on Ferde for breaking the country’s privacy law when it transferred motorists’ personal data to China.
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NewsCouncil of Europe criticises Romania for inadequate anti-corruption measures
Romania’s compliance with Council of Europe recommendations to tackle corruption among members of parliament (MPs), judges and prosecutors remains unsatisfactory, according to the 47-member human rights organisation.
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NewsSwedbank fined by stock exchange for AML failings
Swedbank has been fined a total of $5.5million (SEK46.6m) by Nasdaq Stockholm’s disciplinary committee for historical AML (anti-money laundering) failures.
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AnalysisA data protection spending boom?
The latest UK Data Protection Index report reveals Data Protection Officers are expecting a larger increase in spending over the next year. We reveal which budget areas are likely to get a boost.
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NewsImplementation of Thailand’s personal data act delayed
Thailand’s cabinet has approved deferring full enforcement of the country’s Personal Data Protection Act (PDPA) to 31 May next year. It was due come into force next month.
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NewsIcelandic curriculum support company fined for data breaches
Iceland’s data protection authority (DPA) has ordered InfoMentor to pay a financial penalty for security slips that included two unauthorised people accessing ID numbers and avatars of 424 children.
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NewsChinese mobile apps broke privacy rules
The Cyberspace Administration of China (CAC), the country’s main internet watchdog, has found 33 mobile phone apps broke data privacy rules through a range of actions. The companies behind the apps have ten days to comply with the regulations or face a fine.
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NewsDozens arrested and 800 officers deployed in major anti-mafia operation in Europe
A total of 31 people have been arrested in a major operation against international drug trafficking and money laundering which saw the deployment of 800 police officers and tax officials.
