#RISK Intelligence – Page 137
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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.
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NewsConservative Party fined £10,000 by ICO
The Information Commissioner’s Office (ICO) has fined the Conservative Party £10,000 for sending unlawful marketing emails.
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NewsBusiness Update: Deloitte Acquires Cloud Security Posture Management Provider CloudQuest
With the addition of CloudQuest’s business, Deloitte’s Cyber Cloud offering will continue to expand its portfolio of cloud security orchestration, automation and response (SOAR) services and solutions (Press Release)
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NewsUS compares ransomware to terrorism
The US Department of Justice (DoJ) is elevating ransomware attacks to a similar status at terrorism following the Colonial Pipeline hack.
