All articles by Neil Hodge – Page 22
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ArticleFCA fines Prudential $26.4M in misselling scandal
The U.K. Financial Conduct Authority has hit Prudential with a £23.8 million (U.S. $26.4 million) fine for misleading 17,000 customers into accepting a deal with the insurance firm when they might have done better on the open market.
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Parliament suspension ‘unlawful’ says U.K. Supreme Court
The U.K. Supreme Court unanimously ruled Boris Johnson’s decision to suspend Parliament unlawful, but it stopped short of suggesting the Prime Minister’s motive was to stymie further debate over the government’s Brexit plans.
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ArticleSurvey highlights pain points of GDPR implementation
Most organizations failed to meet the May 2018 deadline to comply with the launch of the EU’s tough new privacy rules, and the majority of them still find compliance a challenge, according to a recent survey.
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Vestager keeps competition role in new Commission
Margrethe Vestager is staying put as Europe’s leader in the fight against anti-competitive practices, with a continued focus on Big Tech.
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U.K. Parliament closes amid Brexit uncertainty
Boris Johnson’s plans to split from Europe blew up in his face, resulting in one of the biggest false-starts any U.K. Prime Minister has endured. Not only is Brexit likely to be delayed, but Johnson and his government are now legally bound to seek a deal—or else.
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ArticleEuropean Commission still gunning for Big Tech
Coming on the heels of big enforcement actions against Google, Apple, Facebook, and Amazon, the European Commission is vowing to keep fighting against technology giants profiting at others’ expense.
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Boris Johnson loses control of Brexit
Britain PM Boris Johnson’s firm stance on Brexit has been shot down by Parliament; it remains to be seen when (or if?) the United Kingdom will be departing the European Union.
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ArticleDanske reported to police over investment mis-selling
Denmark’s financial regulator has filed a criminal complaint against Danske Bank over a mis-selling scandal that saw its former interim chief executive get fired in June this year.
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Deal or no deal: PM promises Brexit on Oct. 31
Several recent decisions by new Prime Minister Boris Johnson suggest the United Kingdom will crash out of the European Union on the Oct. 31 deadline without a deal.
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ArticleMastercard reveals data breaches in third-party loyalty program
Mastercard is investigating two data breaches relating to a loyalty program it ran in Germany following a leak of personal information that saw customers’ names, addresses, and credit card numbers circulating on the internet.
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Cathay Pacific execs quit due to Hong Kong protests
Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.
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In Brexit gambit, U.K. signs legislation to ban EU laws
The repeal of the European Communities Act provides a “clear signal” that the U.K. government intends to leave the European Union without extending the Brexit deadline—with or without a deal.
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ArticleICO investigating facial recognition technology in key London district
Concerns abound over whether or not using facial recognition technology violates consumer privacy.
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Aspen to pay $9.7M to settle U.K. competition concerns
Aspen Pharmacare has offered to pay the U.K.’s National Health Service £8 million (U.S. $9.7 million) following suspicions that the company paid rival firms to delay marketing a vital medicine to retain market dominance.
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ArticleSFO cooperation guidance provides clarity on leniency
In recent guidance, the SFO for the first time has formally set out expectations essential to U.S.-type deferred prosecution agreements, but some say the low number of companies accepting criminal responsibility may negate the provision’s worth.
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ArticleEU assessment: GDPR showing results, but ‘work needs to continue’
The EU’s tough new data rules are “bearing fruit,” but some member states have still not put GDPR into law, and only 20 percent of EU citizens seem aware of which public authority is responsible for protecting their personal information.
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New PM Boris Johnson vows Brexit by Oct. 31 deadline; businesses wary
Newly elected Prime Minister Boris Johnson will enter 10 Downing Street with exactly 100 days to deliver the Brexit he has promised.
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ArticleGDPR enforcement varies widely by country
Most EU countries have now issued fines under the GDPR. Determining which are the toughest enforcers depends on one’s viewpoint—we lay out country-by-country look at the enforcement trends to date.
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ArticleWhat we can learn from the biggest GDPR fines so far
Recent record-breaking fines for GDPR violations levied on British Airways and Marriott by the U.K. Information Commissioner’s Office offer a glimpse into what GDPR enforcement might look like going forward and serve up a warning to companies that data privacy protocols must be foolproof.
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ArticleAll eyes on how Ireland will handle Big Tech and GDPR
Ireland—home EU regulator to Big Tech firms including Google, Twitter, and Facebook—is the key country not to have issued a GDPR-related fine yet, though the regulator has said it has started at least 19 inquiries into the sector.