#RISK Intelligence – Page 168
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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.
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NewsSingtel 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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ebookThe Simple Guide to the CPRA
Untangling how the California Privacy Rights Act impacts businesses and consumers
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NewsYellen 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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FeatureEgregor Ransomware: what is it and why is it worrying the authorities?
A new ransomware group called Egregor has caught the attention of the Federal Bureau of Investigation, prompting it to issue a warning last month. GRC World Forums explains more about what it is and how it is being used in “double-extortion” attempts.
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Q&APrivSec Job Focus: Cristina Costache, privacy lead (EMEA), Strauss Coffee Bv
In our first reader-submitted Q&A, Cristina Costache describes the ever-changing nature of working in privacy
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NewsEU 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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NewsScores 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.
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NewsEU antitrust chief warns Apple must apply iOS 14 privacy policy to its own apps
EU antitrust chief Margrethe Vestager warns Apple that its own apps must abide by its new privacy update amid accusations of anti-competitiveness from Facebook.
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NewsCrown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
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NewsFTC settles with travel insurer for lax security on cloud database
The Federal Trade Commission (FTC) in the US has finalised a settlement with SkyMed International over allegations that the emergency travel services provider failed to take reasonable steps to secure sensitive consumer information.
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NewsUK authorities eye crackdown on company formation agents’ laundering
The United Kingdom’s National Crime Agency (NCA) is planning a crackdown on company formation agents in a bid to tackle money laundering.
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NewsGoogle disables Chrome extension infected with malware
Google Chrome has blocked users from installing the popular extension, The Great Suspender following unconfirmed reports that it had been used to steal login credentials.
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NewsHacker’s attempt to poison US city’s water supply thwarted
The US secret service and other law enforcement agencies are investigating after a hacker reportedly tried to add a dangerous amount of a toxic chemical to Oldsmar water system in Florida.
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NewsUK government unveils new professional body to boost cyber security skills and standards
A new professional body will be established next month to set professional standards and boost career opportunities in cyber security, the government has announced.
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NewsLuxembourg government hits back at reports country is haven for money laundering
The Luxembourg government has sought to counter allegations that the country is a haven for money laundering and tax evasion, following a damning report by journalists.
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NewsSouth Africa’s surveillance law ruled unconstitutional
South Africa’s constitutional court has ruled that the country’s 2002 Regulation of Interception of Communications and Provision of Communication-Related Information Act is unconstitutional as it fails to provide adequate privacy safeguards.
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BlogWhat makes us human: countering the accidental insider cyber threat
Everybody makes mistakes in the workplace and sometimes this can lead to sensitive information being put at risk. Philip Bridge discusses how to mitigate against these risks.
