More From #RISK – Page 205
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ArticleOne Year on from the Cambridge Analytica Scandal
Just one year after news broke of the shocking relationship between Facebook and Cambridge Analytica, the scandal has lost none of its relevance in terms of how organisations worldwide handle data on consumers and employees.
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NewsUAE Central Bank fines 11 banks for AML failures
The Central Bank of the United Arab Emirates (CBUAE) has fined 11 banks for failing to meet a deadline to improve their anti-money laundering (AML) and combatting terrorism financing (CTF) frameworks.
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BlogBritish Airways and TalkTalk civil claims emphasise the need for data security vigilance
Following the ICO’s record fine for British Airways under the GDPR, Julian Hayes and Guevara Leacock, consider the potentially very expensive group claim civil action now being prepared.
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NewsPolitical parties violated Israel’s Privacy Protection Law
The Privacy Protection Authority (PPA) in Israel has determined Likud and Yisrael Beiteinu and tech company Elector Software broke privacy regulations in a data breach affecting about 6.5m voters.
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NewsThousands set to attend four-day PrivSec Global 2020 virtual event
The event offers exclusive four days of content from data protection, privacy and security leaders from across the globe, bringing together 10,000 professionals.
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NewsPlan to scrap Mexico data protection body blow for human rights, say campaigners
Proposals by Mexican President Andres Manuel Lopez Obrador to eliminate the National Institute for Transparency and Access to Information and Data Protection (INAI) would be a major setback for human rights in the country, according to Human Rights Watch (HRW).
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NewsPhilippines strengthens AML and CTF law to meet FATF deadline
Philippine President Rodrigo Duterte signed a new law to boost the country’s anti money laundering and counter terrorist financing efforts ahead of a key deadline from the Financial Action Task Force (FATF).
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ReportNot enough needles and too much hay: the problem with Suspicious Activity Reports
The FinCEN Files shed a light on a creaking system under which millions of reports of suspicious activity are filed to over-stretched authorities every year. FinCrime Report examines how to make it easier for government agencies to find the useful “needles” in the “haystack” of SAR reports.
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NewsAustralian government ordered to compensate asylum seekers for privacy breaches
The Information Commissioner and Privacy Commissioner in Australia, Angelene Falk, has found the Department of Home Affairs interfered with the privacy of 9,251 asylum seekers by mistakenly releasing their personal information
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NewsEpsilon agrees to pay $150m fine to DoJ for selling data to fraudsters
Marketing company Epsilon Data Management has agreed a $150m settlement with the United States’ Department of Justice (DoJ) to resolve a criminal charge for selling data on more than 30 million Americans to perpetrators of fraud schemes who were targeting older people.
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NewsAustralia’s securities regulator hit by data leak
The Australian Securities and Investments Commission (ASIC) says a server it was using to handle recent credit licence applications was breached by a hacker.
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NewsHead of German financial regulator leaves post over Wirecard scandal
Felix Hufeld, the President of the Federal Financial Supervisory Authority (BaFin), will leave his post as part of a reorganisation of the German regulator following the Wirecard scandal.
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BlogData Privacy Day dawns as global privacy laws and concerns about protectionism increase (sponsored)
As citizens, businesses and governments mark the 40th anniversary of the first Data Privacy Day, the importance of safeguarding sensitive personal data during the Covid-19 pandemic is on the top of everyone’s minds, write Mike Swift and Matthew Newman
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NewsDanish DPA probes Medicals Nordic’s handling of Covid-19 test results
Danish Data Protection Agency Datatilsynet has launched an investigation into Medicals Nordic’s now-ended use of a WhatsApp group for staff to deal with information about people who have tested positive for coronavirus.
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NewsFacebook to give academics access to political advertising data
Social network provider Facebook will open up targeting information for more than 1.3m social issue, electoral and political ads to researchers from 1 February. Privacy will be protected, says product manager Sarah Clark Schiff.
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Q&AFinCrime Job Focus: Neil Downing, Vice President, Products, TMT Analysis
In our latest reader-submitted Q&A, Neil Downing talks about developing new products in a changing industry
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NewsCryptocurrency crime drops overall but ‘DeFi’ thefts rise, report reveals
Decentralised finance (DeFi) is the “next major threat vector for fraud and money laundering”, accounting for half of crypto thefts in 2020, according to a new report.
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News‘World’s most dangerous botnet’ used to infiltrate millions of machines taken down in international operation
A malware botnet that was used by cybercriminals to infiltrate thousands of companies and millions of computers worldwide has been taken down in an international operation.
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NewsTop 10 articles, ebooks and webinars from the last year in privacy
As part of our Data Privacy Day coverage, we’ve compiled our most popular content from the last year into the following Top 10 lists. Top 10 Articles 1. Almost half of WhatsApp usage breaches legal terms Read article 2. Hundreds of thousands of credit card ...
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NewsOfficial warns of ‘disturbing’ amount of Russian money laundering in London
A senior UK official has warned about the “disturbing” prevalence of Russian money laundering in London, and said is too easy to set up companies in the United Kingdom.
