The Federal Court of Australia has ordered the operator of online retailer Snaffle to pay $21.7 million (AUD 33.5 million) in penalties after finding the company unlawfully overcharged tens of thousands of consumers through its credit contracts.
Last Thursday, the Financial Conduct Authority, Bank of England, and HM Treasury issued a joint statement warning that frontier AI models are rapidly changing the cyber threat environment facing banks, financial market infrastructures, and regulated firms. The document itself is only a few pages long. No dramatic language. No theatrical predictions about machines overthrowing civilization. Just a steady accumulation of sentences that become more unsettling the longer you sit with them.
The Federal Trade Commission has officially begun enforcing the Take It Down Act, setting a start of a new federal requirement forcing online platforms to remove nonconsensual intimate images within 48 hours of receiving a valid request from victims.
France’s data protection authority received more than 20,000 complaints last year, handled over 6,000 data breach notifications, and issued nearly €487 million in fines as cybersecurity incidents and privacy enforcement continued to intensify across the country.
The audit profession has spent years talking about becoming more strategic. Deloitte’s latest outlook suggests that conversation is finally starting to turn into something operational.
Poland’s Office of Competition and Consumer Protection, known as UOKiK, said Thursday it had imposed a nearly $2.17 million (PLN 8.45 million) fine against Beliani after the company allegedly failed to cooperate with an ongoing investigation into its online sales practices.
The UK’s Competition and Markets Authority formally opened a Strategic Market Status investigation into Microsoft and the sprawling ecosystem surrounding products like Windows, Word, Excel, Teams, and Copilot. The regulator said it will examine whether Microsoft’s position in business software allows it to limit customer choice or weaken competition across adjacent markets.