GRC Report Staff

FTC Takes Aim at Match & OkCupid Over Alleged Data Sharing That Contradicted Privacy Promises

The Federal Trade Commission has brought an enforcement action against OkCupid and its affiliate Match Group Americas, accusing the companies of quietly sharing users’ personal data with a third party despite telling users otherwise.

Intesa Sanpaolo Hit With €31.8 million Fine After Insider Data Breach Went Undetected for Years

Italy’s privacy regulator has fined Intesa Sanpaolo €31.8 million after concluding that a prolonged, undetected data breach exposed deep flaws in the bank’s internal controls and security oversight. The decision from the Italian Data Protection Authority follows an investigation triggered by the bank’s own breach notification in July 2024. What emerged was not a one-off lapse, but a pattern of unauthorized access stretching over more than two years.

Australia Finalizes AML/CTF Rule Changes as Transition Clock Starts

Australia’s overhaul of its anti-money laundering and counter-terrorism financing framework has moved out of consultation mode and into execution, with regulators finalizing the rules that will govern how businesses transition into the new regime.

Poland’s Competition Authority Takes Aim at Renewable Energy Sales Tactics with $1.88 Million in Fines

Poland’s Office of Competition and Consumer Protection has handed down more than $1.88 million (PLN 7,033,289) in fines to companies operating in the renewable energy sector, signaling that the country’s push toward clean energy will not come at the expense of consumer protection.

Italian Competition Authority Probes Sephora, Benefit, & LVMH Over Marketing of Cosmetics to Minors

Italy’s competition regulator has opened two investigations into major players in the cosmetics sector, examining whether marketing practices may have encouraged children and adolescents to use products designed for adults.

Binance Australia Fined $6.5 Million After Onboarding Failures Exposed Retail Investors to Risk

The Federal Court has ordered Binance’s Australian derivatives arm to pay a $6.5 million penalty (AUD $10 million) after widespread failures in its client onboarding processes exposed hundreds of retail investors to high-risk crypto products.

Barclays Fined €1.65 Million by BaFin Over Missed Voting Rights Disclosures

Germany’s financial regulator, BaFin, has fined Barclays €1.65 million after identifying repeated failures to meet disclosure requirements designed to keep capital markets transparent.