More From #RISK – Page 154
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NewsHackers steal $97m from Japanese crypto exchange
Tokyo-based cryptocurrency exchange company, Liquid, has reportedly lost $97 million due to a cyber attack.
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NewsCompany owner jailed for Covid-relief fraud
Businessman Mukund Mohan of Clyde Hill, Washington state, has been imprisoned for two years after admitting fraud and money laundering to obtain $5.5m (€4.68m) from the US Paycheck Protection Program (PPP) and then hiding the proceeds.
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FeatureFast-track registration for two must attend data management events
On 8 September 2021, GRC World Forums present two data management events from the PrivSec brand - PrivSec Identity & Access Management and PrivSec Data Protection & Infrastructure. Both are free to attend livestream experiences available live or on-demand, and to make the registration process as seamless as possible for ...
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NewsUS financial firms tread carefully in Afghan dealings
With a designated terrorist group the Taliban now in charge of Afghanistan, US banks and other financial service companies are being extra cautious in business they have in the country to avoid breaching sanctions on the Islamic group.
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NewsNew Zealand share trading platform cautioned on AML breaches
The Financial Markets Authority (FMA) in New Zealand has gone public with a formal warning to Sharesies for having insufficient anti-money laundering measures in place.
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NewsHealth data-sharing scheme put on hold in UK
A government project to share more widely information held by family doctors (GPs) in England has been shelved for the time being, partly due to privacy concerns.
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NewsPakistan’s national sovereignty ‘compromised’ in cyber-attack
The “casual approach” of Pakistan’s Federal Board of Revenue (FBR) in hosting information on the cloud not only compromises the country’s sovereignty but could also have grave consequences for taxpayers, both domestically and internationally, according to tax practitioners.
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NewsT-Mobile hit with class actions after data breach
A pair of lawsuits have been filed against US telecom T-Mobile following a cyber-attack affecting more than 53m customers and prospective customers.
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NewsRansomware attacks on rise in Australia
Reported data breaches from ransomware incidents increased by 24% to 46 in the half-year to June, compared with the previous six months, according to the Office of the Australian Information Commissioner (OAIC).
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NewsUS and Singapore to work more closely on cyber security
The United States has reached three memorandums of understanding (MoUs) with Singapore to better coordinate their response to online security incidents, part of improved cyber-security cooperation between the countries.
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NewsUAE establishes specialised money laundering court
Authorities in the UAE have set up a court in Dubai to focus on combating money laundering.
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NewsChina adopts new privacy law
China’s legislature has approved an updated law on personal information protection, to take effect on 1 November.
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VideoGRC TV: Securing Digital Transformation & Security Threats
Access this episode on demand, as we delve into on the current landscape of cyber security with Ciaran Martin, plus how to secure your digital transformation with strong security.
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NewsJPMorgan Chase warns customers of data breach
US banking and financial services company has alerted its customers of a technical glitch that may have exposed the personal data of its customers.
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NewsBrooklyn Tech students uncover data breach
Students at Brooklyn Technical High School unintentionally discovered a data breach within the education department’s Google Drive.
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NewsGlobal AML fines fallen by 50% in 1H 2021
In the first half of 2021, global fines for anti-money laundering and data privacy compliance violations fell by over 50% year on year, but could swiftly rebound as financial crime continues, according to Fenergo.
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AnalysisInternational Data Transfers Under China’s Personal Information Protection Law (PIPL)
China’s Personal Information Protection Law (PIPL) imposes strict rules for transferring personal information out of mainland China (“cross-border transfers”) that may be even more stringent than those contained in the EU’s General Data Protection Regulation (GDPR).
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NewsForty jailed in UAE for money laundering and fraud
Abu Dhabi Criminal Court has imprisoned 40 men after they conned investors into putting money into a digital trading platform and converting their clients’ funds into a fake digital currency called Foin so the investors could not get their money back.
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NewsPoly Network offers job to $604m hacker
Cryptocurrency service provider Poly Network says it is cordially inviting cyber-attacker ‘Mr White Hat’ – a term used for ethical hackers who search for vulnerabilities in organisations’ IT systems which could expose them to attacks – to be the company’s chief security advisor.
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NewsUS hospitals struck by ransomware
A ransomware attack has forced hospitals in Ohio and West Virginia to work from paper records turn away patients.
