Australia’s communications regulator has penalized Exetel nearly $472,505 (AUD 694,860) after uncovering serious breaches that left customers exposed to sophisticated mobile number fraud schemes.
TransUnion has disclosed that a cyber incident exposed personal data of U.S. consumers through a third-party application used in its customer support operations. While the company emphasized that no credit reports or core credit information were involved, the incident highlights a growing challenge for regulated businesses: securing the extended web of vendors and applications that support daily operations.
The Commodity Futures Trading Commission (CFTC) is taking a major step toward modernizing its oversight capabilities by deploying Nasdaq’s advanced market surveillance technology. The move upgrades the agency’s decades-old legacy system with cross-market monitoring and automated fraud detection tools designed to protect U.S. derivatives markets.
The European Commission has opened the floor to anyone with a stake in the digital economy (from startups to tech giants, academics to everyday consumers) to weigh in on how well the Digital Markets Act (DMA) is doing its job. The law, designed to keep the biggest platforms in check and give smaller players a fighting chance, is now under review. And this time, artificial intelligence is front and center.
TerraCom Limited will pay a $7.5 million penalty after admitting to victimizing a whistleblower, marking the Australian Securities and Investments Commission’s (ASIC) first enforcement outcome under the whistleblower provisions of the Corporations Act.
The Federal Trade Commission (FTC) has taken legal action against Air AI Technologies, a Delaware-based company accused of deceiving small businesses and entrepreneurs with false promises of rapid earnings and ironclad refund guarantees. According to the complaint, many customers lost significant sums of money, some as much as $250,000, after buying into Air AI’s business coaching programs, access cards, and reseller licenses.
Australia’s corporate watchdog has launched civil penalty proceedings against Equity Trustees Superannuation Limited, alleging the trustee failed in its gatekeeping role when overseeing investments in the Shield Master Fund.