All News articles – Page 4
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NewsMomentum fined for having inadequate measures against financial crime
South Africa’s Financial Sector Conduct Authority (FSCA) has ordered Momentum Wealth and Momentum Collective Investments to pay ZAR11.1m ($773,000, €654,000) after an inspection found weaknesses in their money laundering and terrorist financing controls.
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UK transgender charity fined for data breach
The Information Commissioner’s Office (ICO) in the UK has imposed a financial penalty of £25,000 ($34,600, €29,200) on transgender charity Mermaids for failing to keep personal data of its users secure
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Cyber-attackers partially knockout Australian education department
The New South Wales (NSW) department of education in Australia has deactivated some internal systems after becoming the victim of a cyber-attack.
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Dutch DPA fine insurance agency for poor data security
The Netherlands’ data protection authority (Autoriteit Persoonsgegevens – AP) has ordered the Employee Insurance Agency (UWV) to pay €450,000 ($533,000) for not properly securing the sending of group messages via its My Work Folder system.
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New Zealand moves towards consumer data sharing right
The government in New Zealand is proposing the establishment of a right to allow consumers securely share data held about them with trusted third parties.
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ICO launches probe into former health’s secretary’s use of private email
Former health secretary Matt Hancock, who resigned in June after a storm of criticism for his handling of the Covid-19 pandemic, now faces an investigation by the Information Commissioner’s Office (ICO) into the inappropriate use of private correspondence channels at the Department of Health and Social Care (DHSC).
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US devising ways of countering ransomware attacks
The Biden administration is finalising a strategy on how to deter companies from paying out to cybercriminals who hit them with a ransomware attack. Key allies are doing the same.
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UK to revamp technology governance
The British government has launched a public consultation on its Plan for Digital Regulation which sets out a new approach to governing technology in the country.
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Singapore looks to combat online fraud
The Monetary Authority of Singapore is leading a task force with banks and payment companies to find ways to better protect consumers against fraudulent e-payments, said home affairs minister Desmond Tan.
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EC ‘to set up AML body’
The European Commission is said to be proposing establishment of the Anti-Money Laundering Authority (AMLA), plus closer supervision of crypto-assets, in response to calls for tougher action against dirty money.
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Trump sues Facebook, Google & Twitter over bans
Former US president Donald Trump has taken his fight with three tech giants to court filing lawsuits claiming wrongful censorship.
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Garante serves up change for Foodinho
Food delivery company Foodinho has to amend how it processes riders’ data through a digital platform, says Italy’s data protection authority Garante.
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Hong Kong’s leader dismisses big tech’s quit threat
Carrie Lam, Hong Kong’s chief executive, has brushed aside a warning by major technology companies they may leave the territory if authorities push ahead with a new privacy law.
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British Airways settles data breach case
UK airline British Airways has resolved on confidential terms litigation brought by customers and staff affected by a leakage of personal information in 2018.
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Binance aims for regulatory compliance, says CEO
Online cryptocurrency exchange Binance is determined to follow local rules wherever it operates, says CEO and founder Changpeng Zhao.
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REvil hits thousands in largest-ever ransomware attack
Hackers REvil, aka Sodinokibi, has forced businesses and organisations worldwide to shut down in a supply chain attack which cyber security specialists say is without precedent in scale for criminal hackers.
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Beijing cracks down on ride-hailing app Didi
Chinese regulators have told Didi Global to stop taking new registrations and ordered its app be removed from China’s app stores pending a cyber security review.
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Pakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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Air India sued following data breach of 4.5m passengers
An Air India customer has filed a lawsuit for damages against the company following the leak of 4.5m passengers’ personal data earlier this year.
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Malta ‘given deadline’ to exit FATF’s greylist
The Maltese government has reportedly agreed to implement an action plan with the Financial Action Task Force (FATF) to leave the organisation’s greylist by January 2023.
