All News articles – Page 30
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NewsForty jailed in UAE for money laundering and fraud
Abu Dhabi Criminal Court has imprisoned 40 men after they conned investors into putting money into a digital trading platform and converting their clients’ funds into a fake digital currency called Foin so the investors could not get their money back.
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NewsUS hospitals struck by ransomware
A ransomware attack has forced hospitals in Ohio and West Virginia to work from paper records turn away patients.
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NewsPoly Network offers job to $604m hacker
Cryptocurrency service provider Poly Network says it is cordially inviting cyber-attacker ‘Mr White Hat’ – a term used for ethical hackers who search for vulnerabilities in organisations’ IT systems which could expose them to attacks – to be the company’s chief security advisor.
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NewsUS terror watchlist leaked online
A misconfigured server has exposed a secret watchlist of suspected terrorists online.
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NewsPearson settles fallout from cyber-attack with SEC
Education material publisher Pearson has agreed with the Securities and Exchange Commission (SEC) in the US to pay $1m (€849,000) to settle charges it misled investors following a cyber intrusion, and had inadequate disclosure controls and procedures.
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NewsPrivacy suit over Thomson Reuters database allowed to proceed
A judge has ruled a lawsuit in California alleging Thomson Reuters breached individuals’ privacy rights can move on to the discovery phase of court hearings.
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NewsIndiana state notifies residents about contact tracing data breach
The Indiana Department of Health (IDOH) is notifying nearly 750,000 Hoosiers of a data breach involving responses collected from the state’s COVID-19 online contact tracing survey.
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NewsMoney laundering fight increasingly goes high tech
The use of artificial intelligence (AI) and machine learning (ML) are gaining serious momentum in anti-money laundering (AML) compliance, according to a survey.
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NewsSendvalu fined for breaking money laundering rules
Malta’s financial regulator FIAU has ordered the island’s subsidiary of Swiss money transfer company Sendvalu to pay €502,000 ($591,000) for failing to comply with money laundering laws.
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NewsPause before swapping data for drinks, suggests privacy boss
Customers should think twice about handing over personal data when ordering food and drink via their mobile phones, according to Suzanne Gordon, director of data protection at the Information Commissioner’s Office in the UK.
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NewsHamburg DPA warns council about Zoom use
The Hamburg Commissioner for Data Protection and Information Freedom has officially warned the city’s senate chancellery about using the on-demand version of Zoom video-conferencing.
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NewsColonial Pipeline reports data breach surfaces after ransomware attack
The largest fuel pipeline in the US, is sending notification letters to nearly 6,000 individuals that may have had their personal information compromised by the DarkSide ransomware attack that hit its network in May.
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NewsHalf of US hospitals disconnected their networks due to ransomware
Under half (48%) of US hospitals have reported shutting down its networks in the past six months due to ransomware, according to new report from Philips and CyberMDX.
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NewsT-Mobile investigates claims of data breach
An investigation has been launched into a claim that the personal data of over 100 million T-Mobile customers has been compromised.
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NewsAccenture caught in LockBit 2.0 ransomware attack
Global consulting firm Accenture has been targeted by the LockBit ransomware group, which is said to be threatening to publish encrypted data it has taken from the company.
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NewsUN experts urge halt to spread of monitoring technology
A group of UN experts has repeated its call on all states to impose a global moratorium on the sale and transfer of surveillance technology until they have put in place robust regulations which guarantee it complies with international human rights standards.
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NewsAllianz fined for money laundering breaches
The Bermuda Monetary Authority (BMA) has imposed civil penalties totalling US$1.7m (€1.45m) on Allianz Life Bermuda Limited for failing to comply with anti-money laundering, anti-terrorist financing and international sanctions legislation plus “longstanding and persistent breaches” of the Insurance Act. The company is being wound up.
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NewsMoney laundering gang jailed in Saudi Arabia
A Saudi Arabian court has imprisoned four people for 24 years and fined them SAR140m ($37.3m, €31.8m) for illegally transferring more than SAR140m abroad.
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NewsNew programme to “spark a wave of growth” in the UK’s cyber sector
A new government-supported scheme to support the UK’s developing cyber security sector will help cyber startups, small businesses and scale-ups in launching and growing their businesses.
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NewsChinese fashion clothing director charged with money laundering
The director of a Chinese company which produces clothes for leading fashion chains has been accused of deceiving the Bank of China (Hong Kong) into issuing letters of credit (L/Cs) worth more than US$5.5m (€4.69m) to a supplier based on fraudulent business transactions.
