Over the past six years, 18 states have enacted data privacy laws aimed at giving individuals more control over their personal information and limiting unnecessary data collection.
Financial regulators are taking action as financial firms increasingly depend on a small number of technology providers, which could pose significant risks to the UK financial system. While third-party tech services can boost sector competitiveness, disruptions such as cyber-attacks or power outages could affect multiple firms and consumers, threatening overall stability.
Cybersecurity experts are sounding alarms over a newly emerged tool called GoIssue, designed to facilitate mass phishing campaigns targeting GitHub users.
The Consumer Financial Protection Bureau (CFPB) has taken action against Navy Federal Credit Union, banning the institution from charging illegal surprise fees and mandating refunds exceeding $80 million to affected customers. In addition, Navy Federal must pay a $15 million civil penalty to the CFPB's victims relief fund.
North Korean state-sponsored group BlueNoroff, a subgroup of the Lazarus Group, has launched a new malware campaign called "Hidden Risk," targeting cryptocurrency and DeFi businesses. SentinelLabs researchers found that the campaign, active since July 2024, employs phishing emails and PDF-based lures with fake crypto news headlines to trick victims into clicking on malicious links.
The recent re-election of Donald Trump to the U.S. presidency has sparked numerous discussions about the direction of government policy and its impact across various sectors.
In response to recent proposals by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, the Bank Policy Institute and Clearing House Association are advocating for direct regulatory oversight of fintechs.
JP Morgan Chase & Co. has agreed to pay $151 million in penalties without admitting or denying any wrongdoing. The company's affiliates were accused of misleading brokerage customers who invested in its 'conduit' private fund products, exposing them to market risks, and failing to disclose financial incentives tied to the Portfolio Management Program and Clone Mutual Funds.
