Tag: technology

Disney Logo

Disney Settles ‘Opt-Out’ Privacy Case with California for $2.75 Million

T he California Attorney General’s office has announced a settlement with the Walt Disney Co., resolving allegations that the company violated the California Consumer Privacy Act (CCPA) by failing to answer consumers’ requests to opt-out of the sale or sharing of their data across all devices and streaming services associated Read More

Modernizing compliance with automated controls

Modernizing Compliance: How AI and Automation Are Reshaping Internal Controls

I n today’s fast-paced business environment, regulatory compliance has become both more critical and more complex. Organizations are expected to maintain rigorous internal controls, ensure transparency, and respond swiftly to audits all while managing sprawling IT ecosystems and evolving risk landscapes. Regulations like the Sarbanes-Oxley Act (SOX) demand companies adhere Read More

Compliance Confidence vs. Control: Feeling Secure Isn’t Being Secure

T his year, the compliance landscape is shifting on multiple fronts. Seven new U.S. state-level privacy laws are taking effect, the U.S. Department of Health and Human Services is proposing major changes to HIPAA—the most significant since 2013, and the EU AI Act is introducing sweeping new governance requirements for Read More

Whistle

Whistleblower Sues Deutsche Bank, Computacenter for Retaliation

A former Computacenter employee, James Papa, filed a lawsuit against his former company, Deutsche Bank, and his former supervisor for $25 million alleging he was terminated in retaliation for whistleblowing about a security breach, which was purportedly caused by a colleague’s girlfriend gaining unauthorized access to confidential client information. According Read More

Uber

FTC Sues Uber Over Deceptive Uber One Subscription Practices

The Federal Trade Commission filed a lawsuit against Uber, alleging the rideshare and delivery company charged consumers for its Uber One subscription service without their consent, failed to deliver promised savings, and made it difficult for users to cancel the service despite its “cancel anytime” promises. According to the FTC, Read More

Crypto

SEC Launches Cyrpto Task Force

Securities and Exchange Commission Acting Chairman Mark Uyeda launched a “Crypto Task Force” dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets. The task force will dedicate itself to developing a “comprehensive and clear regulatory framework for crypto assets.” The task force’s focus will be to assist Read More

CFPB Sues Major Banks and Zelle Operator for Alleged Fraud

The Consumer Financial Protection Bureau announced that it has sued Bank of America, JPMorgan, Wells Fargo, and the operator of Zelle, Early Warning Services, for failing to protect consumers from widespread fraud.  Zelle is America’s most widely available payment network. According to the lawsuit, customers of the three banks have Read More

Compliance Spending on AI to increase

Report: Compliance Functions Could Double Tech Spend by 2027

A new report predicts that compliance and assurance functions could double the amount they spend on new technology by 2027. According to the research, issued by Gartner Inc., generative AI, machine learning, and large language models will fuel a surge in spending by compliance, risk management, and assurance functions. The Read More

Compliance Automation

How Automation Is Redefining Compliance Management

C ompliance management has traditionally been marked by accessibility issues, which lead to barriers to adhering to regulations. These long-established frameworks can be so complicated that they make it hard for those who don’t have specialized knowledge to navigate them. Automated solutions, however, have marked a shift in the landscape, Read More