- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-03-11T15:54:00
The Italian data protection authority, Garante, announced a fine of 2.8 million euros (U.S. $3 million) against UniCredit for alleged violations of the General Data Protection Regulation (GDPR) regarding insufficient security measures the bank had in place during a cyberattack.
The penalty, assessed in February but revealed by Garante in a translated newsletter Thursday, came in response to a 2018 data breach at UniCredit that exposed the information of hundreds of thousands of customers.
UniCredit said in an emailed statement it would challenge the regulator’s decision.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership limited time offer
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Annual Membership $499
Full price one year membership.
Spain’s data protection authority fined retailer Uniqlo Europe 270,000 euros (U.S. $294,000) over admitted violations of the European Union’s General Data Protection Regulation.
The Czech Republic’s data protection authority issued a fine of 351 million Czech koruna (U.S. $15 million) against antivirus software vendor Avast for alleged violations of the General Data Protection Regulation.
AT&T said personal account data on approximately 73 million current and former customers was released on the dark web two weeks ago but has not yet identified when and where the breach occurred.
Generic drug giant Teva Pharmaceuticals has agreed to pay $450 million to settle two cases brought by the Department of Justice (DOJ), including one alleging that co-pays it made on behalf of Medicare patients constituted illegal kickbacks, and a second action for alleged generic drug price fixing.
The Securities and Exchange Commission ordered the owner of Rimar Capital and a board member of its holding company to pay nearly $524,000 in penalties for defrauding investors with false and misleading statements about its use of artificial intelligence.
TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
