More From #RISK – Page 198
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NewsMalaysia Airlines passengers’ data compromised for almost a decade
Personal details of Malaysia Airlines’ Enrich frequent flyer programme members were exposed in a security breach via a third-party IT service provider lasting from March 2010 through to June 2019, it has emerged.
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NewsVirginia becomes second US state to enact comprehensive data privacy law
Virginia’s Consumer Data Protection Act, which will force companies to give consumers the right to opt out of data collection, has this week been signed into law.
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Q&APrivSec Job Focus: Claire Hatcher, Global Head of Business Development for Fraud Prevention, Kaspersky
Claire Hatcher talks about the importance of cross-industry collaboration when tackling cyber fraud
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Q&AFinCrime Job Focus: Francesa Dowling, Head of Compliance, Amaiz
In our latest reader Q&A, Francesa Dowling argues that compliance should never be seen as a tick-box exercise
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NewsTwo charged with bribery and laundering over plan that ‘generated $65m in profit’ through Ecuador pension scheme
Two men have been charged in the United States for their role in a bribery and laundering scheme to make illegal profits from a public police pension scheme (ISSPOL) in Ecuador
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NewsBusiness Update: “We’ve proven that privacy is a powerful enabler” - Identiq raises $47M in Series A funding
The world’s first anonymous identity validation network announce series A funding to accelerate its network growth, poising them to to become the world’s largest identity validation network. (press release)
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NewsCJEU rules electronic communication location data must only be used in investigations of ’serious crime’
Location data drawn from electronic communications must only be used by law enforcement investigations involving ‘serious crimes’ and to prevent ‘serious threats to public security’, the European Court of Justice (CJEU) has ruled.
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BlogThe attacks on DeFi as a money laundering threat don’t stand up
Recent research has described Decentralised Finance (DeFI) as the “next major threat vector for money laundering.” Ben Whitby, ahead of his appearance at the FinCrime World Forum later this month, argues this accusation does not reflect reality.
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AnalysisData adequacy: a flawed concept?
Following Schrems and Brexit, international data-sharing and the concept of adequacy has dominated much of the global news on data protection. But is adequacy itself a flawed concept? Marty Abrams explains why he thinks we need a better alternative
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NewsSingapore sets up programme to combat supply-chain cyber risk
The government in Singapore is to set up a programme to help organisations who run the city state’s critical information infrastructure (CII) to better manage their supply chain’s cyber-security risks
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NewsMicrosoft links attacks on Exchange Server to China
Microsoft says it has detected multiple zero-day attacks against on-premise versions of Microsoft Exchange Server.
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NewsBusiness Update: Arcserve unveils Unified Data Protection 8.0
”Organizations are looking for comprehensive solutions that address both data protection and data security holistically” - Arcserve Unified Data Protection 8.0 does just that. (press release)
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NewsGDPR ‘out of date’ and needs revising, says one of its architects
Europe’s data protection laws need updating to take into account increased remote working and new technologies, according to a politician who was a driving force behind the legislation.
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News‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
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NewsFATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
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NewsBusiness Update: UK cyber security boss calls on more women to join her
Jane Chappell of Arcanum Cyber Security hopes to inspire a new generation of women to enter the traditionally male-dominated field. (press release)
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NewsBusiness Update: IDnow acquires identity Trust Management AG
IDnow announces acquisition of a leading international provider of digital and offline identification solutions from Germany, identy Trust Management AG to create a differentiated identity verification platform. (press release)
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NewsChina-linked cyber group ‘targeted Indian power sector’
An investigation by US cyber-security company Recorded Future has found a cyber-campaign by RedEcho, a threat activity group with links to China, targeted the Indian power sector.
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News Netherlands DPA reports ‘explosive increase’ in cyber attacks involving data theft
The Dutch Data Protection Authority (AP) last year received 1,173 reports of data leaks in which hacking, malware or phishing were used.
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NewsEBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.
