A Paris court has convicted TotalEnergies of misleading consumers through “greenwashing,” ruling that the French oil and gas giant overstated its environmental commitments and misrepresented its pathway to carbon neutrality.
Canada’s financial intelligence watchdog has handed down its largest-ever penalty, fining Xeltox Enterprises, the company behind the crypto platform Cryptomus, $127 million (C$176,960,190) for repeated violations of anti-money laundering and counter-terrorist financing laws.
The European Parliament has rejected a draft mandate that sought to streamline sustainability reporting and due diligence obligations for companies, setting the stage for a renewed debate and a fresh vote next month.
As financial institutions continue to lean on an expanding universe of cloud, fintech, and AI providers, New York’s financial regulator is reminding them that outsourcing doesn’t mean offloading responsibility.
Norway's Borgarting Court of Appeal has upheld the $6 million (NOK 65 million) fine against Grindr, ruling that the company unlawfully shared users’ personal data with advertisers without valid consent. The decision, handed down on Tuesday, confirms earlier findings by the Norwegian Data Protection Authority (Datatilsynet) and the Oslo District Court that Grindr breached EU data protection law.
The European Commission is moving to fine-tune the EU Deforestation Regulation (EUDR), aiming to lighten the reporting load on smaller players and stabilize the IT backbone that underpins one of the world’s most ambitious supply-chain laws.
When AWS falters, the internet trembles. That’s what millions experienced early Monday as websites and apps across the world slowed, stalled, or disappeared altogether after Amazon Web Services’ Northern Virginia data center went down. The disruption began just after midnight Pacific time, triggered by what AWS later described as a failure in “an internal subsystem responsible for monitoring the health of our network load balancers.”