GRC Report Staff

AuditBoard, an established risk, compliance, and audit management platform, has released the results of an extensive study examining the ramifications of the SEC Cybersecurity Disclosure Rules on businesses. Drawing insights from a survey involving over 300 executives and security professionals in North America, the report delves into the profound implications of the new U.S. Securities and Exchange Commission (SEC) cybersecurity disclosure ruling, which took effect on December 15, 2023.

Frankfurt has been selected as the headquarters for the European Union's Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA). The decision was made through a joint vote on Thursday by Members of the European Parliament (MEPs) and EU ambassadors.

Attorney General Merrick B. Garland announced today the appointment of Jonathan Mayer as the Justice Department’s first Chief Science and Technology Advisor and Chief Artificial Intelligence (AI) Officer.

The Federal Trade Commission (FTC) has mandated that software provider Avast pays $16.5 million and cease the sale or licensing of web browsing data for advertising purposes. The settlement comes as a response to charges asserting that Avast, along with its subsidiaries, violated privacy commitments by selling user data despite assuring customers that its products would safeguard them from online tracking.

California Attorney General Rob Bonta revealed a settlement with DoorDash, concluding an investigation that exposed the company's breaches of the California Consumer Privacy Act (CCPA) and the California Online Privacy Protection Act (CalOPPA).

In a recent report by industrial cybersecurity firm Dragos Inc., alarming statistics indicate a 50% increase in ransomware attacks targeting the industrial sector in 2023. The report, titled "The Importance of Industrial Cybersecurity," underscores the critical role cybersecurity plays in safeguarding industrial operations as companies embrace digital transformation.

In a recent talk at Vanderbilt University, Michael Hsu, Acting Comptroller of the Currency, delved into the critical issue of managing risks in the financial sector, particularly concerning the blurring lines between banking and commerce. The event, hosted by Professor Morgan Ricks, provided Hsu with a platform to share insights gained from his extensive experience, spanning the 2008 Global Financial Crisis to his current role overseeing the federal banking system.