More From #RISK – Page 163
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NewsICO launches probe into former health’s secretary’s use of private email
Former health secretary Matt Hancock, who resigned in June after a storm of criticism for his handling of the Covid-19 pandemic, now faces an investigation by the Information Commissioner’s Office (ICO) into the inappropriate use of private correspondence channels at the Department of Health and Social Care (DHSC).
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NewsUS devising ways of countering ransomware attacks
The Biden administration is finalising a strategy on how to deter companies from paying out to cybercriminals who hit them with a ransomware attack. Key allies are doing the same.
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NewsUK to revamp technology governance
The British government has launched a public consultation on its Plan for Digital Regulation which sets out a new approach to governing technology in the country.
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NewsSingapore looks to combat online fraud
The Monetary Authority of Singapore is leading a task force with banks and payment companies to find ways to better protect consumers against fraudulent e-payments, said home affairs minister Desmond Tan.
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ResearchCharting the UK Data Protection Profession: June 2021 Report
Data Protection World Forum and The DPO Centre are delighted to bring you the fourth Index survey report from the ground-breaking UK Data Protection Index.
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NewsEC ‘to set up AML body’
The European Commission is said to be proposing establishment of the Anti-Money Laundering Authority (AMLA), plus closer supervision of crypto-assets, in response to calls for tougher action against dirty money.
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NewsTrump sues Facebook, Google & Twitter over bans
Former US president Donald Trump has taken his fight with three tech giants to court filing lawsuits claiming wrongful censorship.
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NewsGarante serves up change for Foodinho
Food delivery company Foodinho has to amend how it processes riders’ data through a digital platform, says Italy’s data protection authority Garante.
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NewsBinance aims for regulatory compliance, says CEO
Online cryptocurrency exchange Binance is determined to follow local rules wherever it operates, says CEO and founder Changpeng Zhao.
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NewsHong Kong’s leader dismisses big tech’s quit threat
Carrie Lam, Hong Kong’s chief executive, has brushed aside a warning by major technology companies they may leave the territory if authorities push ahead with a new privacy law.
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NewsBritish Airways settles data breach case
UK airline British Airways has resolved on confidential terms litigation brought by customers and staff affected by a leakage of personal information in 2018.
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NewsREvil hits thousands in largest-ever ransomware attack
Hackers REvil, aka Sodinokibi, has forced businesses and organisations worldwide to shut down in a supply chain attack which cyber security specialists say is without precedent in scale for criminal hackers.
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NewsBeijing cracks down on ride-hailing app Didi
Chinese regulators have told Didi Global to stop taking new registrations and ordered its app be removed from China’s app stores pending a cyber security review.
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NewsPakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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NewsAir India sued following data breach of 4.5m passengers
An Air India customer has filed a lawsuit for damages against the company following the leak of 4.5m passengers’ personal data earlier this year.
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NewsMalta ‘given deadline’ to exit FATF’s greylist
The Maltese government has reportedly agreed to implement an action plan with the Financial Action Task Force (FATF) to leave the organisation’s greylist by January 2023.
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NewsVatican charges cardinal with embezzlement
The Vatican’s criminal tribunal has indicted Cardinal Angelo Becciu and nine others for financial crimes including embezzlement in connection with a €350m ($415m) London property investment.
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NewsTrump Organization charged with tax fraud
Prosecutors in New York have accused the Trump Organization of a scheme to defraud through a 15-year, off-the-books payment scheme allowing executives to avoid paying taxes on company perks.
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NewsBanks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
