#RISK Intelligence Archive – Page 167
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ebookMake or break time for consumer trust and data privacy
In the digital era, personal data has become a lifeblood of business growth and the company customer exchange.
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NewsFrance 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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NewsConsumer 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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SponsoredData governance is key to automating privacy operations for lower risk and costs (sponsored)
Informatica explains why data privacy governance through metadata-driven intelligence and automation should be a key priority in 2021
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BlogFinancial crime co-operation should continue despite Brexit Trade Agreement changes
The Trade & Cooperation Agreement which came into effect last month marks the start of a new financial crime fighting relationship between the United Kingdom and European Union, writes Francesca Titus
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BlogBridging the gap between business goals and security requirements
Involving as many people as possible in the security process strengthens practices, thereby closing the gap between business users and security teams, argues Alex Armson
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News270 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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News“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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NewsEU-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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NewsProbe 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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NewsUS 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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NewsIndia’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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NewsClubhouse 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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NewsSwedish 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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NewsMyanmar 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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BlogThe complicated relationship between UK sanctions and Brexit
The sanctions regime in the United Kingdom and Europe is becoming much more complicated due to Brexit and compliance professionals are watching closely. The International Compliance Association and UK Finance explain more.
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NewsBank 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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News£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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Webinar6 Growing Data Risks Legal Departments Must Protect Against in 2021
It’s fair to say that 2020 was a year of disruption. While some of these shifts were fairly predictable (like the launch of the U.S.’s most far-reaching data privacy law to date), more seismic and unforeseen disruptions (a global pandemic and the ensuing rush to work from home) forced abrupt changes in our day-to-day habits and exposed risks in how the General Counsel handles organizational data.
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BlogCum-Ex tax fraud: the difficulties and dilemmas in pinning blame
The Cum-Ex trading scandal led to governments in several western European countries losing billions of Euros in tax revenue. As fresh prosecutions get underway, Tom McNeill explains the difficulties in proving collusion between different parties.
