#RISK Intelligence Archive – Page 164
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NewsUkrainian agency links cyberattack on government to Russia
The National Security and Defence Council (NSDC) of Ukraine believes Russian hacker-spy group Pterodo/Gamaredon is behind a cyberattack on a Ukrainian government file-sharing system.
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NewsBusiness Update: Veeam releases new V11 with 200+ enhancements
Veeam have announced the release of V11, creating the most advanced data protection solution for Cloud, Virtual, Physical and Enterprise workloads. (press release)
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BlogThe EU’s UK adequacy decision should not be seen as a cast-iron permanent solution
Businesses breathed a sigh of relief last week when the European Union issued a draft adequacy decision guaranteeing the continued free flow of personal data between the EU and UK. Muzaffar Shah argues however that potential regulatory divergence and legal precedent point to an uncertain future for the arrangement.
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NewsSpain fined €15m for failing to adopt data protection directive
The EU’s Court of Justice has imposed a €15m ($18.0m) financial penalty on Spain for not adopting a European Commission (EC) directive about the protection of personal data. The court also ruled Madrid must pay €89,000 daily while it fails to comply.
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NewsFATF adds four countries to AML ‘grey list’ following plenary
The Financial Action Task Force (FATF) has added the Cayman Islands, Burkina Faso, Morocco, and Senegal to its ‘grey list’ of countries under supervision.
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BlogBlaming company formation agents misses the bigger picture about AML in the UK
The National Crime Agency is planning a crack down on company formation agents as part of an AML drive. However, John Binns argues the problems are due to more significant holes in the UK’s financial crime safety net
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NewsIrish commissioner warns against data protection law dilution
Ireland’s data protection commissioner Helen Dixon has spoken out about the dangers of data protection regulations being used to resolve other matters and becoming the “law of absolutely everything.”
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NewsBusiness Update: Arcserve and StorageCraft sign merger agreement
The merge will mean end-users will achieve a fast-track to cloud modernization and next-generation data infrastructures. (press release)
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NewsBusiness Update: PiiQ Media launches PQ-SPEAR to combat socially engineered cybersecurity attacks
PiiQ Media have launched an industry-first platform that allows organizations to educate employees on what information they have that’s publicly available and can be used against them. (press release)
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NewsA strong compliance programme “should be part of a company’s DNA” says head of UK’s SFO
The head of the United Kingdom’s economic crimes investigative agency has stressed the need for companies to have a strong compliance programme.
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NewsRansomware attacks fuelled increase in data theft in 2020, says IBM Security
Ransomware attacks increased 20% in 2020 compared to the previous year, with “double-extortion” tactics used in 59% of cases, according to a report by IBM Security.
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NewsNew AML rules in US increase credit risk for banks globally, warns rating agency
New anti-money laundering legislation in the United States intensifies credit risks for non-US banks, a major rating agency has warned.
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NewsData of 3.3m cash-loan app users ‘sold online’
Email addresses and other information about 3.3m clients of money-lending app Cashalo in the Philippines is being offered for sale on the dark web, a preliminary investigation by the Philippine National Privacy Commission (NPC) has shown.
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ebookThe Key Pillars for Protecting Sensitive Data
Traditionally organizations have focused IT security primarily on perimeter defense, building walls to block external threats from entering the network. While this is still important, it is not enough.
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NewsIndonesia set to expand AML regulation for fintechs
Indonesia will soon approve a regulation to stem money laundering and terrorism financing by requiring more financial technology companies to report suspicious transactions, the head of its financial intelligence agency has said.
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NewsMicrosoft CEO calls for global rules on privacy and data protection
The Chief Executive of Microsoft has called for uniform regulations worldwide covering privacy and information security.
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NewsHackers behind Accellion breach linked to FIN11 group
Hackers behind Accellion breach linked to FIN11 group
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NewsBusiness Update: Kaseya acquires RocketCyber
RocketCyber’s managed security operations center brings cybersecurity to Kaseya IT Complete to strengthen the platform. (press release)
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WebinarManaging Complex DSARs in the Enterprise
The number and complexity of Data Subject Access Requests (DSARs) received from both customers and employees has increased over the past couple of years, and some fear Covid-related redundancies will further drive up the numbers.
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NewsUK cyber fraud efforts ‘hampered by uncertain definitions and measurement’ warns think tank
A “worrying” lack of certainty about the definition, understanding and measurement of cyber fraud is hampering efforts to tackle cyber fraud, a United Kingdom think tank has warned.
