GRC Report Staff

Washington Post Confirms Data Breach Linked to Oracle E-Business Hacks

The Washington Post has confirmed that it was among the organizations affected in a broader hacking campaign exploiting vulnerabilities in Oracle’s E-Business Suite, a set of corporate software tools widely used to manage HR systems, business operations, and sensitive internal data.

Australian Competition Regulator Puts Retailers on Notice Ahead of Black Friday Sales Sweep

The Australian Competition and Consumer Commission (ACCC) has warned retailers ahead of the Black Friday shopping period that it will be conducting a sales advertising sweep to detect misleading and deceptive promotional tactics.

European Airlines to Scale Back “Carbon Neutral Flight” Claims After Consumer Watchdog Review

A group of 21 European airlines has agreed to overhaul how they market the environmental impact of air travel, after EU consumer protection authorities found that some of their claims could mislead passengers about what paying extra for “green” flight options actually achieves.

As Network Threats Rise, Five Nations Move to Reinforce Telecoms Security Frameworks

Telecoms regulators from the United Kingdom, United States, Canada, Australia and New Zealand have agreed to step up cooperation to shore up the security and reliability of global communications networks, following three days of meetings hosted by Ofcom in London.

UK Audit Regulator Sanctions BDO & Two Former Partners After Oversight Failures Come to Light

The Financial Reporting Council has issued sanctions against BDO and two former audit engagement partners after uncovering systemic failures that allowed a Senior Manager at the firm to carry out dishonest conduct on numerous audits over several years.

First Trust Portfolios Fined $10 Million Over Improper Gifts & Misleading Records

First Trust Portfolios has agreed to pay a $10 million fine and accept a censure after the Financial Industry Regulatory Authority (FINRA) found the firm provided lavish gifts and entertainment to broker-dealer representatives in violation of longstanding limits on non-cash compensation tied to investment product sales. The settlement is outlined in a Letter of Acceptance, Waiver and Consent (AWC) that First Trust submitted without admitting or denying the findings.

Shortcomings in Money Laundering Prevention Lead to €45 Million Fine for J.P. Morgan

Germany’s financial watchdog has fined J.P. Morgan €45 million after identifying widespread failures in the bank’s processes for reporting suspicious transactions, according to a notice from the Federal Financial Supervisory Authority (BaFin).