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.”
The UK’s financial watchdog has warned that many corporate finance firms may be falling short of anti-money laundering rules, following a new survey that revealed widespread weaknesses in financial crime controls across the sector.
The Financial Reporting Council (FRC) has published a new report setting out what’s working, and what isn’t, across the audits of the UK’s twelve largest firms. Drawing from inspections carried out over the 2023/24 and 2024/25 cycles, the regulator’s Key Findings and Good Practice Report shines a light on both the progress being made and the persistent gaps that continue to shape the state of audit quality in the UK.
The Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) are warning that the Netherlands’ financial system is becoming increasingly fragile, not because of balance sheets or liquidity, but because of its digital backbone.