All News articles – Page 55
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NewsABN Amro share price falls as investigators suspect ‘culpable money laundering’
ABN Amro has revealed an ongoing investigation by prosecutors now suspects “culpable money laundering” by the Dutch Bank
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NewsPrivacy lawsuit against Zoom mostly dismissed
A US judge has dismissed much of a proposed class action which claimed Zoom Video Communications violated users’ privacy rights by sharing personal information with Facebook, Google and LinkedIn, and let intruders ‘Zoombomb’ meetings held via the online platform. Sitting in San Jose, California, district judge Lucy Koh rejected ...
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NewsFATF and Egmont Group identify 35 risk factors for TBML
A new report has outlined 35 risk factors of Trade-Based Money Laundering that compliance teams are urged to take into account when trying to identify suspicious activity.
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NewsMicrosoft releases updates for older software to try and combat soaring Exchange Server attacks
Microsoft is pushing out updates for older software as ransomware groups seek to exploit vulnerabilities caused by ongoing attacks against on-premise versions of its Exchange Server.
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NewsGerman football club Stuttgart fined for mishandling data
German football club VfB Stuttgart has been ordered to pay €300,000 ($361,000) by Baden-Wuerttemberg’s DPA for misusing data about its members. The club has also promised to educate young people about the importance of data protection.
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NewsScope widened for New Zealand privacy inquiry into police photography
Scope widened for New Zealand inquiry into police photography practice
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NewsUAE urges DNFBPs to sign up to AML programme as clampdown continues
The economy ministry in the UAE has reminded companies to register for the country’s anti-money laundering system before a 31 March deadline.
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NewsHackers access live feeds ‘from 150,000 surveillance cameras’
A group of hackers says it has breached security systems and viewed live feeds from 150,000 surveillance cameras supplied by Verkada to general and psychiatric hospitals, women’s health clinics, police stations, prisons, schools and companies, including car maker Tesla and software provider Cloudflare.
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NewsUS lawmaker proposes Federal Privacy Bill to Congress
Democratic representative Suzan DelBene has reintroduced a bill aimed at creating a national standard for digital privacy rights in the United States.
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NewsEntrepreneurial Britain partners with Vodafone to bring cybersecurity guidance to SMEs
Leading small and medium enterprise (SME) community network Entrepreneurial Britain has partnered with Vodafone to provide expert cybersecurity guidance to its SME members.
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NewsSwedish police fear Covid-19 gambling rules could spark money laundering rise
Money laundering could rise in Sweden’s gambling sector this year because of increased use of unlicenced gaming companies, the country’s financial police have warned in a report.
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NewsItalian government body fined for data breaches while investigating Covid-19 relief scandal
Italy’s social security and pensions agency Istituto Nazionale della Previdenza Sociale (INPS) has been ordered to pay €300,000 for contravening privacy protection laws when investigating politicians claiming state aid during the coronavirus crisis.
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NewsBusiness Update: Aqua Security announces $135 million in series E funding at a $1 billion valuation
Aqua plans to use the investment to fuel continuing growth of the cloud native security leader, driving product innovation and expanding market presence. (press release)
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NewsUkrainian oligarch and former governor sanctioned over alleged corruption
The United States Secretary of State Antony Blinken has sanctioned Ukrainian oligarch and former governor Ihor Kolomoyskyy, who has business interests in the United States, over alleged corruption
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NewsMcAfee sells enterprise arm for $4bn to focus on consumer business
Anti-virus software producer McAfee has agreed to sell its enterprise business to a consortium led by private equity firm, the Symphony Technology Group (STG), for $4.0bn (€3.33bn).
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NewsUS state accused of excessive data collection prior to breach
Lawmakers in Washington state have questioned the extent of information collected by the state’s Employment Security Department (ESD) for fraud-monitoring purposes.
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NewsDEA warns of rise in illicit drug money laundering through virtual currency ATMs
Virtual currency ATMs are increasingly being used to launder illicit drug proceeds, a federal agency in the United States has warned.
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NewsSwiss voters reject digital identity scheme amid data privacy trust concerns
A majority of voters, 64.4%, said no in a referendum to an electronic identity (eID) scheme which would be licensed and controlled by the Swiss government but provided mainly by private companies.
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NewsFrench DPA launches programme to assess audience measurement solutions for consent exemptions
France’s data protection authority has launched a programme to help determine whether specific audience measurement solutions are exempt from collecting user’s prior consent.
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NewsCryptocurrency fraudster pleads guilty to money laundering and $16m fraud
Swedish national Roger Nils-Jonas Karlsson is facing up to 20 years in jail in the US after admitting defrauding 3,500-plus people of more than $16m (€13m).
