FCA announces new Consumer Duty to improve customer experiences
The UK’s Financial Conduct Authority (FCA) has confirmed plans for a new Consumer Duty, which it claims will improve how firms serve customers.
Over 10,000 customers potentially affected by data incidents overseen by HMRC
Over 10,000 customers were potentially affected by serious data incidents overseen by Her Majesty’s Revenue & Customs (HMRC) over the past year, according to their Annual Report & Accounts 2021-22.
How the war in Ukraine has changed the view on sanctions
Since the onset of the Russia-Ukraine war, the attention on sanctions – trade sanctions in-particular – has reached fever pitch. With more knowledge and focus on sanctions than ever before, what does this mean for their future?
T-Mobile agrees to pay $350m for data breach
T-Mobile has agreed to pay $350m to customers affected by a class action lawsuit filed after the firm disclosed last year that personal data had been stolen in a cyberattack.
US Senators introduce quantum computing cybersecurity bill
A bill introduced into the US Senate will seek to strengthen security against threats of quantum-computing.
Why real-time transaction monitoring is the next step for compliance
Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.
How to maintain communication monitoring compliance when using tools like Microsoft Teams
With digital collaboration tools becoming as ingrained to the working world firms need to aware of the compliance risks and upgrade their communication monitoring tools.
From board-level down and frontlines up: why integrated risk management is key
As a result of the seismic changes from the pandemic, and a growing ESG movement, the need for an integrated and holistic approach to risk management has never been greater.
Titanium Blockchain pleads guilty to crypto fraud scheme
The CEO of Titanium Blockchain Infrastructure Services (TBIS), Michael Alan Stollery, has pleaded guilty for his role in a cryptocurrency fraud scheme.
The need to make data ethics a priority in the fight against insurance fraud
For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.