The Western High Court in Denmark has imposed a fine of $216,000 (DKK 1.5 million) on ILVA, a Danish furniture retail chain known for its Scandinavian-style home furnishings, for violating the General Data Protection Regulation (GDPR). The ruling establishes an important precedent for how fines against companies are calculated.
Singapore has hit pause, just slightly, on its march toward stricter climate reporting. The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) announced they will extend timelines for companies to meet new reporting and assurance rules, a move designed to give businesses breathing room to build the systems and expertise needed for high-quality disclosures.
Axiom GRC has announced the acquisition of The DPO Centre, a leading UK-based provider of outsourced Data Protection Officer (DPO) and privacy services. The deal underscores the growing importance of data protection expertise as organizations face heightened regulatory and technological risks.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing updated Guidelines on Liquidity Risk Management for banks, merchant banks, and finance companies in Singapore. The move marks the first major revision since 2013, reflecting lessons learned from supervisory reviews and recent global banking turmoil.
Australia’s competition watchdog has secured a major victory after the Full Federal Court dismissed appeals by BlueScope Steel Ltd and its former General Manager, Jason Ellis, in a landmark cartel case. The decision leaves in place the highest penalty ever imposed for a breach of Australia’s competition laws i.e., a $57.5 million fine against BlueScope, alongside a $500,000 penalty against Ellis.
For two decades IBM and the Ponemon Institute have tallied the financial fallout of data breaches, tracking everything from stolen laptops in the mid-2000s to ransomware’s pandemic-era surge. The 2025 edition of their Cost of a Data Breach Report marks a turning point. This year the spotlight isn’t on cloud misconfigurations or phishing emails alone, it’s on artificial intelligence.
The European Commission is sounding the alarm on compliance challenges at the EU’s borders, warning that customs checks are struggling to keep pace with the flood of goods entering through e-commerce channels. A new report released on August 29 highlights how non-compliant products, from unsafe electronics to environmentally hazardous items, continue slipping through, creating risks for both consumers and businesses that play by the rules.