#RISK Intelligence – Page 137
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NewsNew laws may result from Canadian police’s wrongful use of facial recognition technology
A public consultation has been launched in Canada to establish clearer rules, and potentially new legislation, covering the use of facial recognition technology (FRT).
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NewsJBS paid ransom to overcome cyber-attack
The world’s largest meat processing company, JBS, paid the equivalent of $11m (€9.03m) in bitcoins to put an end to a ransomware attack which knocked some of its plants out of action.
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NewsCouncil of Europe tells Vatican to strengthen AML/CTF measures
Though the Holy See, including Vatican city state, has made progress combating the threat of money laundering and financing of terrorism through its financial transactions, processes can be improved, says the Council of Europe.
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FeatureKey Theme: Virtual Assets in the FinCrime Mainstream
With FinCrime World Forum taking place on 22-23 June, Nick Furneaux, MD at CSITech and CTO at Asset Reality, gives us an introduction into one the key themes ’Virtual Assets in the FinCrime Mainsteam.’
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NewsMoviePass settles claims of personal data failings with FTC
The Federal Trade Commission (FTC) has agreed a settlement with MoviePass’s operators over allegations the online subscription service failed to secure customers’ personal information and deceptively marketed its promised one-movie-per-day service.
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NewsMalta updates anti-corruption strategy
The Maltese government has refreshed its national strategy to fight fraud and corruption, two years after a report by the Council of Europe’s anti-corruption body Greco highlighted how a promised update had never materialised.
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FeatureGRCTV: Are virtual assets really the financial crime risk some say?
Joe Tidy and this week’s guests discuss recent wins for cyber, Kleptocracy in London and Russia, and what needs to be implemented to reduce the risk of virtual assets to AML.
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NewsOlympics security ‘hit by data breach’
Personal information has leaked from around 170 security management personal who participated in a drill hosted by Japan’s cyber security centre which was intended to prepare for potential cyber-attacks during the Olympic Games, local media reported.
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NewsMassive internet outage hits websites including Amazon & gov.uk
A massive internet outage has impacted websites including the Guardian, Amazon, Reddit and the UK government’s website gov.uk, leavint hem inacessible to many users for more than an hour.
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NewsICO fines three companies £415K for nuisance marketing
The Information Commissioner’s Office (ICO) has fined three separate companies a total of £415,000 for sending nuisance marketing.
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News‘Stablecoin’ must be regulated like banks, says Bank of England
The Bank of England has said payments made with stablecoins need to be regulated in the same way as payments handled by banks if they become widely used.
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NewsEl Salvador to make Bitcoin legal tender
El Salvador’s president has announced that he will make the Bitcoin cryptocurrency a legal tender in the country.
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VideoGRCTV: Kleptocracy & Virtual Assets
Access the on-demand videos below from GRC TV - Kleptocracy & Virtual Assets
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NewsCalifornia city hid cyber attack
Azusa’s police department has revealed that it had been targed by cybercriminals in an earlier cyber attack in 2018.
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NewsUK immigration exemption in Data Protection Act deemed unlawful
The UK Court of Appeal has ruled the government’s “immigration exemption” in the Data Protection Act 2018 as unlawful.
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NewsRansomware surge in education sector
Following a rise in attacks on the education sector the UK’s leading cybersecurity authority has updated its guidance on ransomware.
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NewsHackers ‘breach’ Navistar’s cyber defences
US military vehicle, truck and bus manufacturer Navistar has received a claim that data has been extracted from its IT system.
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NewsUS recovers majority of Colonial’s ransom payment
The United States’ justice department says it has seized 63.7 bitcoins, currently worth around $2.3m (€1.9m), which it claims is part of the 75-bitcoin ransom Colonial Pipeline paid when a cyber-attack knocked its pipeline out of action for several days in May.
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NewsAustralian bank under AML/CTF probe
The AML watchdog in Australia, Austrac, is investigating aspects of the National Australia Bank’s operations after identifying serious concerns in its compliance with anti-money laundering and counter-terrorism financing (AML/CTF) rules.
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NewsEuropean parents sue TikTok
A group of parents in the European Union is seeking €1.4bn (€1.70bn) of compensation from TikTok, claiming the video-sharing app does not do enough to protect the privacy and safety of their children.
