Risk & Resilience

‍The European Commission said it has formally acknowledged Meta’s commitment to introduce a clearer, more meaningful decision point for Facebook and Instagram users across the EU. Beginning in January 2026, people will be offered two distinct paths—continue sharing their full data footprint for highly tailored advertising, or opt for a version of the apps that relies on less personal information and delivers more limited ad personalization.

The Bank of England’s Prudential Regulation Authority has issued a refreshed set of expectations for how banks and insurers manage climate-related risks, a big shift from early awareness-building to full integration in risk processes.

The European Commission has updated its list of high-risk jurisdictions that pose strategic threats to the integrity of the EU financial system due to shortcomings in anti-money laundering and counter-terrorist financing (AML/CFT) regimes. Bolivia and the British Virgin Islands are the latest to join the list, meaning banks and other EU-regulated entities must apply enhanced vigilance to any dealings connected to those jurisdictions.

Southern Phone is facing tough scrutiny after paying US $1,607,600 (AUD 2,500,560) in penalties, the highest fine the Australian Communications and Media Authority has ever issued for this type of failure, for giving scammers an easy path to take over customers’ mobile numbers.

Social media crises sparked by negative content, customer complaints, or high-profile scandals can spread almost instantaneously across platforms such as Twitter, Instagram, TikTok, and Facebook. Unlike traditional public relations challenges, these crises escalate at viral speed, reaching millions within hours and leaving little time for brands to respond.

The European Union must rapidly scale up investment in climate resilience to protect its economy and communities from escalating climate-related threats, according to a new report delivered to Commissioner Wopke Hoekstra on Tuesday.

The UK telecoms watchdog has fined Virgin Media £23.8 million after vulnerable customers relying on telecare alarms were left disconnected during the company’s switch to digital landlines, a move Ofcom says put people directly at risk.