UK parliament launches crypto advocacy group
The UK parliament has launched a cross-party group of lawmakers to create a framework to regulate digital asset markets, a report by the Financial...
EBA claims asset quality rises, but banks still fear cyber risk
The European Banking Authority (EBA) claims asset quality has improved, but cyber risk is still a major concern for EU banks.
RBI launches Fintech department to deal with Crypto, CBDC challenges
The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.
Starling pulls advertising on Facebook and Instagram for fraud concerns
Starling Bank has pulled all of its paid advertising on Facebook and Instagram due to concerns regarding fraudsters on the platforms.
France whacks Google and Facebook with $210m in fines
France’s data privacy and protection body has slapped Facebook with a €60m fine and Google with a €150m penalty following misdemeanours around internet cookies.
Why FinTechs need to be aware of the Green Claims Code
As the shift to become more environmentally conscious and sustainable takes hold at every level of society, businesses globally are realising the importance of making a more firm and honest approach to making their organisations more sustainable.
NCSC and DoS unveil guidance on surveillance tool attacks
The US National Counterintelligence and Security Center and the Department of state have issued guidance on protecting against attacks that use commercial surveillance tools.
Cost of fraud for US, Canadian banks increases up to 10%
The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.
Annual GDPR fines exceed €1bn for first time
Annual General Data Protection Regulation (GDPR) fines exceeded €1bn for the first time since the regulation was implemented in 2018, Atlas VPN claims.
Cryptocurrency-based crime reached a new high in 2021
A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.