#RISK Intelligence Archive – Page 144
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NewsWorld’s largest crypto exchange under federal investigation
Binance has now become the subject of a money laundering investigation.
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NewsUK fraud office launches money laundering probe into Gupta steel empire’s links to Greensill Capital
The Serious Fraud Office in the United Kingdom has confirmed it has launched a fraud and money laundering investigation into the Gupta Family Group’s financial arrangements with failed financing firm Greensill Capital.
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AnalysisThe key theme: focusing effectiveness on tackling financial crime
Regulators, government departments, private businesses and law enforcement agencies carry out a huge amount of activity every single day to combat financial crime, but how much of it is actually effective? How do we measure and improve our effectiveness? Next month’s FinCrime World Forum global live stream experience will feature several sessions on this topics. To get you in the mood, Matthew Redhead explains the key issues and argues for a systemic approach
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AnalysisThe key theme: regulatory developments in the world of privacy and data protection
The privacy legislation picture is growing ever more complex with more countries adopting new laws all the time. A key theme of PrivSec Global next month will be focusing on these legislative changes and other regulatory developments and what they mean. Here we pick out several jurisdictions that are seeing major changes.
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NewsNear doubling of reported privacy breaches in New Zealand
The Office of the Privacy Commissioner (OPC) in New Zealand says it received 97% more privacy breach notifications in the four months after a new Privacy Act came into force on 1 December. The comparison is with the previous six months.
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NewsRansomware attack knocks Ireland’s health service computers out of action
All IT systems run by Ireland’s health Service Executive are today (14 May) shut down following a ransomware attack.
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AnalysisIntegrating AI into AML strategic transformation
The rise of AI will provide new opportunities for visionary leaders to transform their Anti Money Laundering strategies, write Sha Ali and Sabah Hussein
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NewsGerman DPA bans Facebook processing WhatsApp user data
The Hamburg Commissioner for Data Protection and Freedom of Information has issued an emergency order prohibiting Facebook Ireland Ltd using personal data from the group’s WhatsApp social media platform for its own purposes.
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NewsNorwegian Sports Confederation fined after revealing personal data on web
Datatilsynet, Norway’s data protection authority, has ordered the Norwegian Sports Confederation to pay NOK1.25m ($151,000, €124,000) after personal information about 3.2m Norwegians were available online for 87 days.
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NewsOnline use of personal data to cost Locatefamily.com
Dutch Data Protection Authority Autoriteit Persoonsgegevens (AP) has imposed a fine of €525,000 ($636,000) on people-tracing service LocateFamily.com for publishing addresses and telephone numbers of people – sometimes without their knowledge – online.
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NewsBusiness Update: Vulcan Cyber Research Reveals Most Enterprise Cyber Security Teams Lack the Ability to Remediate Risk
Benchmark study finds most cyber security organizations lack the tooling and resources to deliver enterprise cyber hygiene (Press Release)
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NewsBusiness Update: CEOs and CISOs Doubling Down on Cybersecurity According to WSJ Intelligence and Forcepoint Survey
90% adopting or considering SASE, 74% reallocated funds to cybersecurity among multiple indicators of cybersecurity’s impact on innovation, transformation and integration (Press Release)
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ebookMaintaining Continuous Visibility of Personal Data Across the Enterprise
Data volumes are growing exponentially. New data types, formats, and repositories are being created all the time. Data is being shared in the cloud and around the globe in millions of digital channels.
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ebookA Blueprint for Data-Centric Security
Network and device protection continue to consume IT security resources, but they are becoming less and less effective at protecting organizations from cyber threats. Data breaches are now a daily occurrence, creating massive financial burdens for corporations, government agencies, and consumers.
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ebookOutbound email: Microsoft 365’s security blind spot
Why isn’t Microsoft 365 stopping more outbound email data breaches? Understand its security limitations - and learn how to protect your business.
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WebinarSo many assessments, so little time: How to prioritise when everything’s on fire
Risks are ever-changing, and often move faster than a privacy teams’ agenda can keep up with. That means you’ll have to make hard decisions about what actually gets done, whether you’re conscious of it or not.
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NewsEcuador’s data protection bill passes key stage
Members of Ecuador’s National Assembly have approved the proposed data protection law at a second reading.
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NewsEU plans to ban cash payments above €10,000 in AML move
The European Commission is preparing to prohibit cash transactions of €10,000 or more as part of new anti-money laundering measures.
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NewsFTC seals agreement with Everalbum on facial recognition
The Federal Trade Commission (FTC) has finalised a settlement with Everalbum about its Ever photo app which allegedly deceived consumers about its use of facial recognition technology and retention of photos and videos of users who deactivated their accounts.
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NewsNew South Wales to make reporting data breaches compulsory
Government departments in New South Wales (NSW), Australia, face having to notify the Privacy Commissioner and anyone affected by cyber-attacks or privacy breaches likely to result in serious harm.
