GRC Report Staff

Britain's communications regulator has fined Virgin Media £28 million after finding the company repeatedly subjected customers to unreasonable effort and unnecessary difficulty when they tried to cancel their contracts and switch to another provider. The penalty, announced Wednesday, is the largest Ofcom has ever imposed under its consumer protection rules for direct harm to consumers.

South Korea will require its largest publicly traded companies to begin mandatory sustainability reporting in 2028, moving forward a long-debated disclosure regime while introducing temporary legal protections intended to ease the transition and encourage broader corporate participation.

In interim measures published Wednesday, the Autorité de la concurrence ordered the Meta to resume talks with two organizations representing French press agencies and publishers after concluding that Meta's conduct may amount to an abuse of a dominant position. The regulator also directed the company to provide, within 15 days, the information that publishers say they need to judge whether Meta's payment offers bear any relationship to the value of the journalism appearing on its services.

On Wednesday, AMLA published draft regulatory technical standards that would establish, for the first time, a common methodology for supervisors across the European Union when enforcing breaches of anti-money laundering and counter-terrorist financing rules. The proposal is less about creating tougher enforcement than creating more consistent enforcement. If two organizations commit the same breach under the same circumstances, supervisors should begin from the same framework and, absent meaningful differences in the facts, arrive at comparable outcomes.

For nearly three years, Australians arriving at JustAnswer's website were greeted with what looked like a straightforward proposition. An automated chat promised access to expert advice for $1.30 (AUD $2), a small, refundable payment that suggested a single transaction rather than the beginning of an ongoing relationship. It was only later, often after money had already left their accounts, that many consumers discovered they had signed up for recurring monthly subscriptions costing between $29 and $49 (AUD $45 and AUD $75).

In guidance published Tuesday, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) warned that frontier artificial intelligence models are reshaping the cyber threat landscape by accelerating the speed, scale, and sophistication of attacks. While the technology presents significant opportunities, the regulator said it also gives malicious actors new tools to automate complex tasks, generate sophisticated code, and exploit vulnerabilities more quickly than traditional defensive practices were designed to withstand.

For all the attention artificial intelligence receives in boardrooms, one number in KPMG's latest cybersecurity survey stands out because of how ordinary it is. Only 24% of large organizations say AI is fully integrated into their cybersecurity programs. The rest are somewhere in between, testing it in isolated functions, weighing its value, or waiting for confidence to catch up with capability.