GRC Report Staff

Between July and September, the Commodity Futures Trading Commission (CFTC) granted 10 whistleblower awards worth more than $150 million, recognizing individuals whose original information helped the CFTC and other authorities bring successful enforcement actions. The Commission announced the final award determinations Monday, putting a number on what it describes as a record year for a whistleblower program that had entered 2026 carrying a substantial backlog.

Abbott Laboratories has agreed to pay nearly $385 million to settle allegations that it sold infant formula and nutritional products to government programs while failing to meet federal and state requirements at two of its manufacturing facilities, closing a False Claims Act case built around conditions the Justice Department says exposed products to an unacceptable risk of contamination.

Revolut handed sensitive customer records to an unauthorized third party after receiving fraudulent information requests that came from the legitimate email domain of a government agency, the British fintech confirmed to TechCrunch.

The Central Bank of the UAE and Mastercard have completed a four-day program designed to sharpen the central bank’s expertise in fraud risk management, with 25 CBUAE employees receiving training on the risks emerging alongside new forms of digital payments and commerce.

A critical system goes down, and the operations team needs an administrator inside it immediately. Privileged access, however, requires approval, and the designated approver is unavailable. A change may restore the system, but normal procedure requires testing before anything reaches production. Meanwhile, the recovery clock is running.

The Commodity Futures Trading Commission has approved a rule that could make the outcome of smaller whistleblower claims considerably easier to anticipate, establishing a presumption that qualifying awards of $5 million or less will be paid at the statutory maximum of 30%.

KPMG asked 725 chief ethics and compliance officers where they expect to put additional money. The answer was not subtle. Among respondents anticipating budget increases, 77% pointed to data analytics and 75% to cybersecurity and data privacy. AI or large language models came next at 50%, followed by process automation at 49%. Upskilling talent, at 34%, trailed considerably further behind.