GRC Report Staff

According to Ofgem, OVO Energy had policies designed to identify and protect vulnerable customers using prepayment meters. The problem was what happened after those policies were written. In case after case examined by the regulator, key checks were missed, customer interactions were not properly recorded, and safeguards intended to protect vulnerable households were not consistently carried out.

The Belgian Competition Authority (BCA) has published new guidelines aimed at helping companies pursue sustainability objectives through collaborative initiatives without running afoul of competition law. The guidance provides businesses with a framework for assessing whether sustainability-related cooperation agreements comply with competition rules and outlines circumstances under which certain arrangements may qualify for exemptions.

The European Supervisory Authorities recently released their first annual DORA incident report provides the first comprehensive look at major ICT-related incidents reported under DORA's new reporting framework.

The Hellenic Competition Commission has fined VF Hellas €954,485 after concluding the company used its contracts with retailers to shut off some of the most important routes consumers use to find products online. The restrictions covered brands including Vans, Eastpak, and The North Face and applied not only to school supplies but also to clothing and footwear.

The White House recently issued a sweeping executive order aimed at strengthening U.S. cybersecurity capabilities through advanced artificial intelligence while deepening cooperation between the federal government, critical infrastructure operators, and AI developers.

The European Commission has begun infringement proceedings against 20 Member States that failed to fully implement one of the European Union's most closely watched consumer protection laws, moving the bloc's campaign against greenwashing from legislation into enforcement.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has reached a $1.05 million settlement with consulting giant FTI Consulting over apparent violations of U.S. sanctions targeting Russia's financial sector, concluding that the firm indirectly extended prohibited debt to Russian state-owned lender VTB Bank on multiple occasions.