More From #RISK – Page 162
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NewsBinance unauthorised, says Italian Regulator
Italy’s financial regulator, CONSOB, announced that Binance is not authorised to provide investment services in the country.
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NewsIranian hackers impersonated academics to commit cyber-espionage
A group of Iranian hackers posing as British-based academics with the aim of targeting individuals in a cyber-espionage campaign has been discovered.
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NewsUK police seize record amount of cryptocurrency in money laundering case
The Metropolitan Police (Met) in the UK have confiscated almost £180m ($250m, €210m) in cryptocurrency as part of an ongoing investigation into international money laundering.
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NewsEx-bank director and minister jailed in Portuguese money laundering case
Armando Vara, a former director of Portugal’s state-owned Caixa Geral de Depositos bank and ex-government minister, has been imprisoned for two years for money laundering. He is already behind bars for a separate offence.
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NewsByteDance ‘calls off IPO’ amid data concerns
Chinese owner of video app TikTok, ByteDance, is said to have indefinitely put on hold intentions to make an initial public offering (IPO) of shares offshore after government officials told the company to focus on addressing data security risks.
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NewsInterpol chief calls for action to avoid ransomware pandemic
The world’s police forces have to form a global coalition with private partners to prevent a potential ransomware pandemic, according to Interpol’s secretary-general Juergen Stock.
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NewsConsumer groups file privacy concerns’ complaint against WhatsApp
The European Consumer Organisation (BEUC) and eight members have lodged a complaint with the European Commission and European network of consumer authorities against WhatsApp alleging EU consumer rights’ breaches.
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NewsChina plans to upgrade cyber security sector
The Ministry of Industry and Information Technology (MIIT) in China has issued a draft plan to develop the country’s cyber security industry for the next three years.
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NewsGerman council paralysed by country’s first cyber catastrophe
Computer-based operations at the local authority serving Anhalt-Bitterfeld district in eastern Germany have virtually ground to a halt after being hacked.
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NewsCanberra chases suspected stimulus package fraudsters
The Australian Taxation Office (ATO) is following up on more than 200 cases of possible cheating of the country’s JobKeeper wage subsidy scheme introduced last year in response to the Covid-19 pandemic.
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VideoGRCTV: Risk Quantification and Surveillance Advertising
Access the on-demand videos below from GRC TV - risk quantification & surveillance advertising
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NewsOver 170 Android apps involved in crypto mining scams
Over 170 fake Android apps, including 25 apps in the Google Play store, have defrauded more than 93,000 users through crypto mining scams.
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NewsIsraeli bill would allow facial recognition in public spaces
Israeli law enforcement has supported a draft bill allowing facial recognition technology to be used in public spaces.
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NewsBritain risks tsunami of fraud, law makers warned
The UK is facing a greater threat from fraud than during the 2008 financial crisis and government efforts to fight it are falling far short, members of Parliament were told.
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NewsWays of boosting trust in organisations’ use of data revealed
Banning companies and organisations from sharing personal information with third parties without permission would increase people’s trust and confidence in how their personal information is used, according to survey for the UK’s ICO found.
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NewsMomentum fined for having inadequate measures against financial crime
South Africa’s Financial Sector Conduct Authority (FSCA) has ordered Momentum Wealth and Momentum Collective Investments to pay ZAR11.1m ($773,000, €654,000) after an inspection found weaknesses in their money laundering and terrorist financing controls.
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NewsUK transgender charity fined for data breach
The Information Commissioner’s Office (ICO) in the UK has imposed a financial penalty of £25,000 ($34,600, €29,200) on transgender charity Mermaids for failing to keep personal data of its users secure
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NewsCyber-attackers partially knockout Australian education department
The New South Wales (NSW) department of education in Australia has deactivated some internal systems after becoming the victim of a cyber-attack.
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NewsDutch DPA fine insurance agency for poor data security
The Netherlands’ data protection authority (Autoriteit Persoonsgegevens – AP) has ordered the Employee Insurance Agency (UWV) to pay €450,000 ($533,000) for not properly securing the sending of group messages via its My Work Folder system.
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NewsNew Zealand moves towards consumer data sharing right
The government in New Zealand is proposing the establishment of a right to allow consumers securely share data held about them with trusted third parties.
