GRC Report Staff

EIOPA Dashboards Show Stable Risk Levels for Pensions & Insurers, But Outlook Darkens Amid Global Uncertainty

The European Insurance and Occupational Pensions Authority (EIOPA) has published its July 2025 Risk Dashboards, and on the surface, risks across Europe’s occupational pension funds and insurance sector remain largely stable. But dig a little deeper, and a more nuanced picture emerges, one shaped by geopolitical tensions, market jitters, and persistent uncertainty.

DOJ Cracks Down on Cyber Lapses with $11.5M in False Claims Act Settlements Against Illumina & Defense Contractor

Genomic sequencing giant, Illumina, has agreed to pay $9.8 million to resolve allegations that it sold systems with serious cybersecurity vulnerabilities to U.S. federal agencies, the Justice Department announced Thursday.

Barents Slapped with £1.78 Million Fine as PRA Sends a Message on ‘Responsible Openness’

The Prudential Regulation Authority (PRA) has issued a £1,785,000 fine against Barents Reinsurance S.A., London Branch, marking the first time it has sanctioned a reinsurer-only firm for significant internal control, governance, and regulatory reporting failures. The fine underscores the PRA’s heightened expectations for firms operating under the post-Brexit regulatory framework, particularly those falling under the UK’s Temporary Permissions Regime (TPR).

Third-Party Risk Management Under Pressure as Regulatory & Tech Challenges Mount, New Study Finds

In the age of sprawling digital supply chains, third-party risk management has become less of a compliance box to tick and more of a survival strategy. But according to a new 2025 study from Mitratech, many organizations are still trying to manage it all with duct tape and spreadsheets.

Climate Risk Gets Personal for Japan’s Biggest Banks

What happens to a bank’s balance sheet when climate policy tightens and the real economy isn’t quite ready for it? That’s the kind of question Japan’s financial authorities are starting to ask more seriously, and they’ve just completed their second round of climate stress testing to try to get a clearer picture.

Cadence to Pay Over $140 Million & Plead Guilty in Export Control Case Tied to Chinese Military University

Cadence Design Systems, a California-based multinational semiconductor software firm, has agreed to plead guilty and pay more than $140 million in combined criminal and civil penalties after unlawfully exporting sensitive U.S. design tools to a Chinese military university, U.S. officials announced Monday.

OAIC Puts Big Tech, Government, & AI on Notice in 2025–26 Privacy Crackdown

The Office of the Australian Information Commissioner (OAIC) has released its regulatory action priorities for 2025–26, and it’s not just a laundry list of goals. It’s a signal flare, aimed squarely at the sectors and technologies where trust, transparency, and privacy are at risk.