Australian financial services firm Fortnum Private Wealth has been ordered to pay a $939,000 (A$1.35 million) penalty after admitting it failed to adequately manage cybersecurity risks across a network of financial advisers serving around 55,000 retail clients.
South Korean financial authorities are preparing a review of cybersecurity controls after a series of attacks exposed approximately 100,000 pieces of customer information across 16 financial companies, deepening concerns raised by earlier reports that hackers had used a Chinese-developed artificial intelligence agent to breach banking systems.
Japan's financial regulator has urged banks to strengthen their cybersecurity defenses following a series of attacks that exposed millions of customer records and prompted a senior government official to describe the situation as a cybersecurity emergency.
Norway's data protection authority has fined Microsoft-owned advertising technology company Xandr approximately $9.6 million (NOK 92 million) for unlawfully processing and sharing sensitive personal information belonging to users of the dating app Grindr.
Australia's privacy regulator has opened an investigation into the developer of an application used in inexpensive smart glasses sold through Kmart, Big W Marketplace and Amazon, after the company failed to answer questions about how the devices collect and handle personal information.
Britain's communications regulator has opened an investigation into whether Meta failed to carry out required safety assessments before introducing Instagram Instants, a feature that allows users to share photos and videos that disappear after being viewed.
Hackers used a Chinese-developed artificial intelligence agent to attack some of South Korea’s largest banks and steal personal information belonging to 68,000 people, according to The Wall Street Journal, in an intrusion now under investigation by the country’s national police.
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