The U.S. Securities and Exchange Commission (SEC) and SolarWinds Corp. have reached a tentative agreement to settle the high-profile lawsuit stemming from the Russia-linked Sunburst cyberattack, Reuters first reported Wednesday.
Sweden’s privacy regulator had a busy week, slapping some of the country’s most recognizable public and private names with fines over mishandling personal data, ranging from intimate health purchases to employees’ sobriety test results.
The European Supervisory Authorities (EBA, EIOPA, and ESMA) have signed a detailed multilateral Memorandum of Understanding (MMoU) with the European Anti-Money Laundering Authority (AMLA), formalizing how the institutions will cooperate and exchange information going forward.
The French government has fined online fashion retailer Shein €40 million after uncovering widespread deceptive practices in how the company advertised price reductions and promoted its environmental credentials.
The first wave of sustainability reports published under the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) is starting to roll in, and while the Netherlands Authority for the Financial Markets (AFM) has offered praise for the progress made, it’s also calling for greater clarity and strategic depth in future disclosures.
South Korea’s privacy watchdog has handed financial penalties to the Korea Accreditation Board (KAB) and Telus International AI for failing to put in place basic safeguards to protect personal data, following significant breaches tied to long-known security vulnerabilities.
Key Holding, a Delaware-based logistics firm with global operations, just learned the hard way that in the world of sanctions, ignorance isn’t bliss, it’s rather expensive. After acquiring a Colombian freight subsidiary in late 2021, the company failed to realize that the acquisition brought new obligations under U.S. sanctions laws. That oversight ultimately led to 36 unauthorized shipments to Cuba, triggering a $608,825 settlement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).