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Top ethics and compliance failures of 2018

Jaclyn Jaeger | December 17, 2018

Shady data privacy practices, allegations of financial misconduct, and widespread money-laundering schemes make up Compliance Week’s list of the top five ethics and compliance failures of 2018. All impart some key compliance lessons.

Facebook

It has not been a good year for tech giants and social networking sites as it concerns data privacy and data security matters, with Facebook being the poster child. Ever since Facebook CEO Mark Zuckerberg was called on by Congress in April to explain how political intelligence firm Cambridge Analytica had illicitly acquired access to the personal data of an estimated 87 million unwitting Facebook users, things continue to get worse for the social networking giant.

That data breach further sparked an investigation by the Federal Trade Commission into whether Facebook’s actions...

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