All News articles – Page 60
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Silicon Valley privacy company Titaniam launches ‘always on’ data encryption product
Titaniam has announced the release of a product which utilises “always on” data encryption.
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Denmark improves FATF compliance overall but downgraded on efforts to regulate VASPs
Denmark’s efforts to improve its anti-money laundering (AML) legislation have been rewarded with a higher technical compliance rating in five areas, but has been downgraded on its efforts to curb Virtual Asset Service Providers (VASPs)
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US water companies given cybersecurity advice after attempt to poison city’s supply
Water companies across the US are being urged to be on heightened alert and monitor their computer systems for any unusual activity.
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France uncovers Russian connection in cyber attack
France’s cybersecurity agency ANSSI says it has discovered a hack of French organisations, with signs the breach may be linked to Russian intelligence.
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Consumer body says TikTok potentially breached GDPR
TikTok may have breached the General Data Protection Regulation (GDPR) through the misleading processing of personal data, according to the European Consumer Organisation BEUC said.
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270 service deposit addresses ‘account for 55% of all cryptocurrency money laundering globally’
Law enforcement could signficantly hamper cybercriminals’ ability to convert cryptocurrency into cash by identifying and prosecuting the owners of the “surprisingly small” number of deposit address service providers responsible, according to a report.
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“Fishrot Files” corruption and laundering probe into Norway’s largest bank DNB dropped
Norway’s largest bank DNB has announced it is no longer being investigated by the country’s financial crime watchdog over alleged links to bribery and money laundering
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EU-UK data adequacy decision proposal ‘expected within days’
The European Commission is widely expected to propose data adequacy for the UK within days.
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Probe launched after ‘data of 102m Brazilians leaked’
The Brazilian National Data Protection Authority (ANPD) has confirmed it is investigating the leakage of personal data from telephone companies, following media reports of a huge personal data breach.
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US university suffers data breach
The names and social security numbers of around 9,800 students, alumni and applicants of private research Syracuse University in New York state have leaked.
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India’s central bank restricts investments in ‘shadow banks’ from non-FATF compliant nations
The Reserve Bank of India has announced a tightening of rules for new investors from overseas in Non-Banking Financial Companies (NFBC)
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Clubhouse app reviews data protection practices following concerns about potential Chinese government access
High-profile US app Clubhouse has pledged to review its data protection procedures after academics warned it contained security flaws that left users’ data at risk of being accessed by the Chinese authorities.
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Swedish DPA fines police for unlawful processing of facial recognition app data
The Swedish Authority for Privacy Protection (IMY) has ordered the country’s police authority to pay a SEK2.5m ($297,000, €247,000) financial penalty for incorrect processing of personal data when using Clearview AI’s facial recognition technology to identify individuals.
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Myanmar junta’s cyber security bill faces opposition
A total of 158 civil society organisations in Myanmar have spoken out against a cyber security bill issued by the military regime which overthrew Aung San Suu Kyi’s democratically elected government.
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Bank of Russia reports ‘surge’ in illegal financial services offered online
The central bank of the Russian Federation has identified more than 1,500 organisations suspected of engaging in illegal financial service activity in 2020, as online fraud “surged” during the Covid-19 pandemic.
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£4.5bn of unreported cash identified in UK as criminals exploit ‘cottage industry’ of shadowy company formation
A ‘cottage industry’ of company formation agencies is helping criminals launder billions of pounds in the UK, with £4.5billion of unreported income identified between 2012 and 2017, a report has revealed.
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Singtel caught in Accellion software hack
Singaporean telecommunications company Singtel has launched an investigation to establish the extent of a cyberattack on the Accellion File Transfer Appliance (FTA) system it uses.
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Yellen warns of ‘explosion’ in fraud, cybercrime, cryptocurrency misuse and laundering
The new US Treasury Secretary has warned of the need to tackle rising financial crime, cryptocurrency misuse and cyber attacks.
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EU member states agree negotiating stance for ePrivacy regulation
European Union member states have agreed a joint position on the proposed ePrivacy regulation, allowing the EU President to open talks with parliament about the final text.
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Scores of data breaches at UK’s merger watchdog
The anti-trust regulator in the UK was hit by 150 personal data breaches in the past two years, five more than in the previous two-year period.