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NewsVirginia becomes second US state to enact comprehensive data privacy law
Virginia’s Consumer Data Protection Act, which will force companies to give consumers the right to opt out of data collection, has this week been signed into law.
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Two charged with bribery and laundering over plan that ‘generated $65m in profit’ through Ecuador pension scheme
Two men have been charged in the United States for their role in a bribery and laundering scheme to make illegal profits from a public police pension scheme (ISSPOL) in Ecuador
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Business Update: “We’ve proven that privacy is a powerful enabler” - Identiq raises $47M in Series A funding
The world’s first anonymous identity validation network announce series A funding to accelerate its network growth, poising them to to become the world’s largest identity validation network. (press release)
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CJEU rules electronic communication location data must only be used in investigations of ’serious crime’
Location data drawn from electronic communications must only be used by law enforcement investigations involving ‘serious crimes’ and to prevent ‘serious threats to public security’, the European Court of Justice (CJEU) has ruled.
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Singapore sets up programme to combat supply-chain cyber risk
The government in Singapore is to set up a programme to help organisations who run the city state’s critical information infrastructure (CII) to better manage their supply chain’s cyber-security risks
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Microsoft links attacks on Exchange Server to China
Microsoft says it has detected multiple zero-day attacks against on-premise versions of Microsoft Exchange Server.
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Business Update: Arcserve unveils Unified Data Protection 8.0
”Organizations are looking for comprehensive solutions that address both data protection and data security holistically” - Arcserve Unified Data Protection 8.0 does just that. (press release)
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GDPR ‘out of date’ and needs revising, says one of its architects
Europe’s data protection laws need updating to take into account increased remote working and new technologies, according to a politician who was a driving force behind the legislation.
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‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
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FATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
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Business Update: UK cyber security boss calls on more women to join her
Jane Chappell of Arcanum Cyber Security hopes to inspire a new generation of women to enter the traditionally male-dominated field. (press release)
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Business Update: IDnow acquires identity Trust Management AG
IDnow announces acquisition of a leading international provider of digital and offline identification solutions from Germany, identy Trust Management AG to create a differentiated identity verification platform. (press release)
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China-linked cyber group ‘targeted Indian power sector’
An investigation by US cyber-security company Recorded Future has found a cyber-campaign by RedEcho, a threat activity group with links to China, targeted the Indian power sector.
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Netherlands DPA reports ‘explosive increase’ in cyber attacks involving data theft
The Dutch Data Protection Authority (AP) last year received 1,173 reports of data leaks in which hacking, malware or phishing were used.
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EBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.
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Business Update: IBM Cloud Satellite enables clients to deliver cloud securely in any environment
Howard Boville, Head of IBM Hybrid Cloud Platform has said “With IBM Cloud Satellite, clients can securely gain the benefits of cloud services anywhere, from the core of the data center to the farthest reaches of the network.” (press release)
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UK minister signals divergence: 'EU doesn’t hold the monopoly on data protection'
A United Kingdom government minister has signalled the country is likely to diverge from the European Union on data protection.
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New Zealand issues first formal warning to a real estate agency chain under updated AML law
New Zealand’s Department of Internal Affairs has issued a formal warning to a large real estate agency chain.
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Business Update: OneTrust acquires DocuVision’s Redacted.ai to expand automated data redaction
The combined technology will deliver the first fully automated data subject rights workflow including intake, ID verification, discovery, redaction, and secure response. (press release)
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Luxembourg’s privacy commissioner defends lack of GDPR fines
A commissioner at the Luxembourg data protection agency has defended the lack of fines for General Data Protection Regulator (GDPR) breaches in the country, where many multi-national businesses are based.
