More From #RISK – Page 157
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VideoGRCTV: Safeguarding against information warfare & state surveillance
Access this episode on demand, as we delve into safeguarding against information warfare & state surveillance and the limits on government power.
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NewsStarHub lets customers know of data breach
Singapore telecom StarHub says it is taking a series of actions to counter any harm from customers’ private information being on a data dump website.
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NewsTech big names join US government’s cyber-security drive
Microsoft, Google Cloud, Amazon Web Services are among the private companies which have signed up to the Joint Cyber Defense Collaborative initiated by the US government’s Cybersecurity and Infrastructure Security Agency (Cisa).
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NewsUAE and China pledge AML/CFT cooperation
The anti-money laundering agencies of the United Arab Emirates and China have signed a Memorandum of Understanding (MoU) to boost efforts in the anti-money laundering and combatting the financing of terrorism (AML/CFT) field.
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NewsSFO launches money laundering and fraud probe into care home investor
The Serious Fraud Office (SFO) in the UK is investigating entrepreneur Gavin Woodhouse plus individuals and companies associated with him for suspected money laundering and fraud.
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NewsTwo ex-Wall Street bank traders convicted of precious metals’ fraud
A US jury has found two commodity traders guilty of manipulating the precious metals futures market by routinely making large ‘spoof’ orders, the practice of pushing market prices up or down by placing an order for a contract with no intention of executing it.
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NewsSyrian ‘bribed to win lucrative Venezuelan contracts’
Naman Wakil of Syria conspired with others to bribe officials at Venezuela’s state-owned energy and food companies to obtain contracts worth at least $250m (€211m), a Miami court was told.
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NewsCourt stops RNZ using more hacked material
Public broadcaster Radio New Zealand (RNZ) has been ordered by the country’s high court not to use any more information stolen in a cyber-attack on Waikato District Health Board (DHB) last May.
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NewsNamibia moves to introduce unexplained wealth orders
The Financial Intelligence Centre (FIC) in Namibia is working on introducing unexplained wealth orders to help prevent financial crime.
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NewsFlipkart faces huge fine for ‘breaking investment laws’
India’s financial crime agency has reportedly asked e-commerce giant Flipkart and others to explain why they should not face a INR100bn ($1.34bn, €1.13bn) penalty for allegedly violating foreign investment laws.
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NewsDeliveroo fined for privacy and transparency breaches in Italy
Italian data protection authority Garante has imposed a €2.5m ($3.0m) financial penalty on food delivery company Deliveroo for disproportionate collection of workers’ data and lack of transparency in use of algorithms.
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NewsEx-lawyer jailed in US for fraud and money laundering conspiracy
A judge in Colorado has imprisoned former California attorney David Kaplan for 36 months after he admitted his part in a conspiracy to commit wire fraud and money laundering.
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NewsPayroll boss sentenced for laundering $1bn-plus
Businessman Michael Mann has been jailed after admitting laundering more than $1bn (€845m) stolen funds from employers, employees, financial institutions and financing companies in the US over three years.
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NewsBritish banks ‘failing to fully support fraud victims’
Some UK banks are providing insufficient help to customers who fall victim to financial scams, leaving them at risk of losing more money in recovery fraud, according to consumer rights’ organisation Which?
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NewsZimbabwe’s controversial cyber security and privacy bill sent back
After passing Zimbabwe’s Senate without debate, the government’s Cyber Security and Data Protection Bill has been referred back to the upper chamber.
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NewsMistrust of data handling ‘threatens digitalisation of economy’
The digital world is at risk without deep reform of the way companies treat data and governments regulate it, according to Lorenzo Milans del Bosch, a partner in US management consultants Oliver Wyman.
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NewsIsle of Wight schools struck by ransomware attack
Six schools have fallen victim to a ransomware attack which is now preventing staff from accessing their systems.
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NewsBrazilian board executives struggle with LGPD regulations
Under half of Brazilian organisations believe they would not be fully compliant with Brazil’s General Data Protection Law (LGPD) by August 1, 2021.
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NewsAfrica needs to curb financial crime to grow
For Africa to transform itself into the epitome of economic empowerment and self-reliance, the continent needs to prevent illicit outflows from the region, according to Ghana’s President Nana Addo Dankwa Akufo-Addo.
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NewsMonzo subject to AML probe as it combats financial crime
UK financial watchdog FCA is investigating digital bank Monzo for compliance with anti-money laundering regulations. The checks come as the bank says it is stepping up measures to combat financial crime and reduce the risk of customers falling victim.
