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.
Shortly after a massive data breach affected up to 50 million accounts last September, Facebook didn't believe the incident needed to be reported under Australia's mandatory breach notification law. While Facebook voluntarily notified all users, emails show the company initially underestimated the breach.
Nearly 10 months after the beginning of enforcement of the EU's GDPR privacy regulation, organizations around the world are still learning plenty of compliance lessons - including how to locate all personal data so it can be protected, according to regulatory experts on a panel at RSA Conference 2019.
Ireland's privacy watchdog has its eye on Facebook. Ten of the 15 major investigations that the Data Protection Commission launched since the EU's tough new privacy law, GDPR, went into full effect in May 2018 are focused on Facebook.
Among the hundreds of responses to a federal request for comments about potential changes to the HIPAA rules were suggestions for "safe harbors" that would shelter organizations with strong security strategies from HIPAA enforcement actions after a health data breach.
The Federal Trade Commission is reportedly negotiating a settlement with Facebook that includes a multibillion dollar fine for its privacy failures. But the social network is alarmed about the proposed settlement agreement's terms and conditions, The Washington Post reports.
The HHS Office for Civil Rights is paying particular attention to complaints involving patients' access to their health information; it's also focusing on investigations of organizations with patterns of HIPAA noncompliance, Nick Heesters of the agency explains in an interview at the HIMSS19 conference.
For the second time, the Department of Justice has imposed a substantial fine on an electronic health records software vendor in a case that involves data accuracy and integrity issues that could affect patient safety.
Since the EU's GDPR went into full effect, European data protection authorities have received over 59,000 data breach reports, with the Netherlands, Germany and the U.K. receiving the greatest number of notifications, according to the law firm DLA Piper.
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
The latest edition of the ISMG Security Report features an analysis of why Google was one of the first companies to be hit with a major GDPR fine, plus a global update on GDPR compliance trends and an in-depth report on shifts in malware.
Massive data brokers - Equifax, Experian, Illion and others - are leveraging Australia's electoral roll, which is a tightly held and valuable batch of data. While this little-known practice might sound alarming, in fact it's required under Australia's anti-money laundering and anti-terrorism rules.