GRC Report Staff

Artificial intelligence is moving from novelty to infrastructure at a pace that is increasingly difficult for regulators to ignore. According to a new industry snapshot from the Australian Competition and Consumer Commission, AI is rapidly becoming embedded across products, platforms, and services in ways that could reshape competition, consumer trust, and market dynamics. While the ACCC acknowledges the growing benefits AI is delivering to businesses and consumers, it warns that the pace and scale of adoption are outstripping existing oversight frameworks, strengthening the case for continuous regulatory monitoring.

The European Banking Authority said that it has published new guidance to help institutions manage enhanced operational risk reporting, following a formal delay to the first reference date under the amended Implementing Technical Standards. The move follows the European Commission’s adoption of Regulation (EU) 2025/2475, which pushes the application of the new reporting obligations back to the end of June 2026.

For more than a decade, Dana-Farber Cancer Institute has been one of the country’s most prominent recipients of federal research funding. This week, that relationship came under sharp scrutiny.

U.S. banks are closing out 2025 in strong financial shape, but the risks shaping the federal banking system are becoming less about capital and more about operational resilience. That is what the Office of the Comptroller of the Currency’s Fall 2025 Semiannual Risk Perspective says, which finds banks well positioned to absorb potential stress while warning that cyber threats, fraud, and lagging technology investment are increasingly central to supervisory concerns.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a $3.1 million settlement with Exodus Movement, Inc., concluding a multi-year investigation into the crypto wallet provider’s dealings with users in Iran in violation of U.S. sanctions.

SoundCloud has confirmed with Bleeping Computer that a recent wave of service outages and access issues stemmed from a security incident that exposed a subset of user data, as the company moved to contain unauthorized access to parts of its infrastructure.

At the height of the pandemic, the Paycheck Protection Program was meant to act as a financial lifeline for small American businesses struggling through shutdowns and economic uncertainty. Federal prosecutors now say three real estate companies tied to a major Chinese conglomerate should never have qualified for that relief.