GRC Report Staff

For millions of users, losing access to a Facebook or Instagram account is not a minor inconvenience. It can mean lost sales, reputational damage, or private messages falling into the wrong hands. And when that happens, speed matters. That urgency is at the center of new charges brought by Urząd Ochrony Konkurencji i Konsumentów against Meta Platforms, the company that manages Facebook and Instagram in Europe.

The European Data Protection Board and the European Data Protection Supervisor have thrown their weight behind efforts to simplify the European Union’s digital rulebook, while drawing a firm red line around proposed changes to the definition of personal data.

Climate risk is no longer a theoretical overlay in central banking. It is becoming embedded in the day-to-day mechanics of monetary policy, supervision and financial stability. That is what James Talbot, Executive Director for International at the Bank of England, said while speaking at the London School of Economics. Talbot, who also chairs the monetary policy work-stream at the Network for Greening the Financial System, set out how the Bank is integrating climate considerations across its core objectives.

Australia’s commercial radio broadcasters will soon have to be upfront with listeners about when artificial intelligence is on air, under a newly registered code that updates long-standing broadcasting rules for the first time to explicitly address AI.

A Dutch court has trimmed a multimillion-euro fine imposed on a crypto service provider for operating in the Netherlands without the legally required registration, in a case that continues to test how aggressively regulators can enforce anti-money laundering rules against the crypto sector.

This week, the Japanese Financial Services Agency published a draft policy aimed at strengthening cybersecurity measures for crypto-asset exchange service providers, opening the door for public feedback as authorities look to curb the steady drumbeat of crypto thefts and system breaches seen around the world.

A federal judge has permanently blocked Texas from enforcing Senate Bill 13, striking down one of the state’s most aggressive attempts to push back against Environmental, Social, and Governance practices through public investment and procurement rules.