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Industry News: ESG5

    City Watchdog Warns of Cyber Crime Risk for New Banks

    2022-04-22

    Evening Standard: Six of the top UK “challenger” banks have weak financial controls that leave them at risk of being victims of money laundering, terrorist financing, fraud and cyber-crime, the top City watchdog warned today.

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    Private Eye Pleads Guilty in Probe of Vast Hedge Fund Hack

    2022-04-20

    Yahoo Finance: An Israeli private investigator pleaded guilty in a probe of a vast hacking-for-hire ring that allegedly targeted hedge funds, short sellers, journalists and advocacy groups fighting climate change.

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    European Regulators Warn of Rising Cyber Security Risks

    2022-04-20

    Funds Tech: Europe’s financial institutions have been urged by regulators to makes themselves more resilient to a growing risk of cyber security that has been intensified by war and has stalled the economic recovery from Covid.

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    Data Protection Authorities Propose GDPR Fines for Bank of Ireland and Danske Bank

    2022-04-11

    GDPR Buzz: The Danish Data Protection Agency (DPA) has proposed a fine of 10 million Danish Kroner – around $1.48 million – on the country’s largest lender, Danske Bank, for failing to implement GDPR-compliant procedures concerning the storage and deletion of the personal data of its customers. The DPA has also filed a criminal complaint against the bank and has reported it to the police over the failure to delete customers’ personal data from its systems.

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    Half of Security Leaders Consider Quitting Due to Stress

    2022-04-07

    Info Security: Half of UK cybersecurity chiefs feel burnt out and are thinking about resigning due to the immense pressure they’re under, according to a new study from Vectra AI.

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    Bank of Ireland Fined €463,000 for Data Breaches

    2022-04-05

    RTE: Bank of Ireland has been fined €463,000 by the Data Protection Commission for data breaches affecting more than 50,000 customers.

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    Biden’s Russia Cyber Warning Befuddles Ill-Prepared Businesses

    2022-03-24

    Yahoo Finance: A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses, public agencies and other organizations to discuss the potential threat.

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    London Cops Nab Seven Teens in Connection with Lapsus$ Hacks

    2022-03-24

    PYMNTS: Seven teenagers were arrested by London police on Thursday (March 24) in connection with the recent hacking spree by the Lapsus$ cyber-crime gang that infiltrated Microsoft and Okta this week and recently, Samsung, Ubisoft and Nvidia. 

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    One in Five Businesses Have Paid or Would Pay a Ransom for Their Data, Finds Thales

    2022-03-23

    Business Wire: New research from Thales has found that malware, ransomware and phishing continues to plague global organisations. In fact, one in five (21%) have experienced a ransomware attack in the last year; with 43% of those experiencing a significant impact on operations.

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    EU proposes Cybersecurity Rules for EU Bodies Amid Cyberattack Worries

    2022-03-22

    Yahoo News: EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyberattacks that could disrupt key activities and steal sensitive information.

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