GRC Report Staff

UnitedHealth Group is making waves in the healthcare sector with the launch of 1,000 artificial intelligence (AI) applications across its insurance, health services, and pharmacy units. This ambitious move, originally reported by the Wall Street Journal, to integrate AI into core business operations is a game-changer for the industry, offering potential to streamline workflows, enhance the customer experience, and support medical decision-making. However, as AI continues to shape the future of healthcare, its governance remains a critical concern, particularly when it comes to claims processing, data privacy, and ethical considerations.

The Federal Trade Commission (FTC) is set to implement a new Rule on Unfair or Deceptive Fees, which will take effect on May 12, 2025. This regulation aims to combat deceptive pricing practices, including hidden fees and bait-and-switch tactics, in industries such as live-event ticketing and short-term lodging. The Rule seeks to ensure price transparency and protect consumers from misleading pricing strategies.

It’s not every day a fashion brand gets caught up in the tangled web of data privacy violations, but here we are. Todd Snyder, the well-known clothing retailer, has been slapped with a $345,178 fine by the California Privacy Protection Agency (CPPA) after failing to meet the standards set by the California Consumer Privacy Act (CCPA).

In an open letter to third-party software providers, Patrick Opet, the Chief Information Security Officer at JPMorgan Chase, has raised a red flag on a growing security vulnerability that’s quietly creeping through the global economic system. And this one might just be a game-changer for IT security, risk managers, and anyone involved in third-party risk management.

Credit Suisse Services AG has pleaded guilty to charges of conspiring with U.S. taxpayers to hide more than $4 billion in assets through offshore accounts. This revelation follows a years-long investigation into the bank’s role in helping wealthy individuals dodge U.S. taxes. The penalty for these crimes? A hefty $510 million in fines and restitution, marking yet another dark chapter in the Swiss bank’s troubled history.

The Federal Trade Commission (FTC) and the Department of Justice (DOJ) Antitrust Division are asking federal agencies to take a closer look at their own rulebooks. The goal? To identify and remove regulations that stifle innovation, reduce competition, and ultimately hinder the American economy.

The world is changing faster than ever, and with it, the landscape of risk and resilience. The 2025 KPMG Risk & Resilience Survey takes a deep dive into how organizations are facing these growing challenges. It clear that the era of “good enough” risk management is over. As risks grow in both size and complexity, companies can no longer afford to rely on outdated strategies. The survey offers crucial insights into what works, and what doesn’t, when it comes to building resilience in today’s fast-paced, volatile world.