It's been nearly seven years since HSBC was fined $1.9 billion by U.S. authorities for money laundering violations involving international drug cartels. But Everett Stern, the former employee who blew the whistle on the bank, continues to tell his story because he believes similar criminal activity is ongoing.
Data localization would increase costs to cloud service providers and change the services available for consumers, says Venkatesh Krishnamoorthy, country manager, India, for BSA, who calls for minimizing regulatory burdens.
European privacy authorities have received nearly 65,000 data breach notifications since the EU's General Data Protection Regulation went into full effect in May 2018. Privacy regulators have also imposed at least $63 million in GDPR fines.
Almost a year after it went into full effect, compliance with the EU's GDPR still presents challenges, including monitoring data in a decentralized environment, says Subhajit Deb, CISO at Dr. Reddy's Laboratories. He'll be a featured speaker at ISMG's Fraud and Breach Summit in Bengaluru on May 21.
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WikiLeaks founder Julian Assange returned to court on Thursday and told a British judge that he would not voluntarily accept extradition to the U.S. to face a charge of helping to hack into a Pentagon computer, setting up a legal fight that could take months.
Health insurers and financial institutions across Australia are in the final stretch of preparing for a cybersecurity regulation that looks to put companies on a strong footing amidst an increasingly hostile hacking environment. Here's why compliance with the regulation, CPS 234, is challenging.
The Reserve Bank of India is proposing that financial technology firms be allowed to test new products and services that might require the relaxation of certain compliance regulations in what's called a "regulatory sandbox" approach.
Canada's privacy commissioner says Facebook violated its privacy laws by failing to protect users' personal data. The commissioner plans to take Facebook to federal court for allegedly refusing to implement recommendations to strengthen its privacy framework.
Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud still has a long way to go. He'll be the keynoter at ISMG's Fraud and Breach Summit in Chicago on May 14.
Data in non-production environments occupy a significant percentage of total enterprise data volume--often as much as 80%. Non-production environments also carry more risk than production because there are more direct users. Data security regulations such as GDPR, CCPA, NY DFS etc., do not distinguish between...
From blockchains and surveillance to backdoors and GDPR, a group of leading cryptographers rounded up the top cybersecurity and privacy matters of the day at the cryptographers' panel held at the recent RSA Conference 2019 in San Francisco.
WikiLeaks founder Julian Assange's hacker roots and nontraditional approach to journalism may prove damaging following his arrest on Thursday. He's been charged with one count of conspiracy, but U.S. prosecutors still have time to file more serous charges pending his extradition from the U.K.
Dark patterns are out to get you. The term describes the practice of abusing usability norms to create user interfaces that trick users into divulging their personal details or sacrificing their privacy. Bipartisan legislation proposed in the U.S. Senate, however, would make malicious design illegal.
Yahoo is hoping a revamped proposed breach-related settlement will pass muster with a federal judge who rejected the first one for myriad reasons, including high attorney fees and a lack of transparency. The settlement totals $117.5 million, just ahead of health insurer Anthem's $115 million settlement.