Technology


Data sharing

Proposed EU data strategy spells big changes for Big Tech

2020-02-21T18:56:00+00:00By

The European Commission unveiled its long-awaited plans about how it wants to regulate artificial intelligence as well as promote greater data sharing throughout the EU to stimulate further growth and competition in digital services.

AIdata

Resurgent BIPA more than second fiddle to CCPA?

2020-02-21T16:36:00+00:00By

The California Consumer Privacy Act seems to be in the spotlight lately, but the Illinois Biometric Information Privacy Act should not be overlooked.

Huawei

DOJ indictment alleges Huawei fraud, trade secrets theft

2020-02-13T21:12:00+00:00By

The Department of Justice unveiled a fresh round of allegations against Chinese tech giant Huawei, including racketeering, theft of trade secrets, and bank fraud.

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Google begins argument to try to overturn $9B in EU fines

2020-02-12T21:51:00+00:00By

Attorneys for Google, seeking to overturn $9 billion in EU antitrust fines, argued in a European court Wednesday that the tech giant should not be forced to prop up its competitors in the course of promoting facets of its own business.

Innovation index

Four game-changing innovations in compliance training

2020-02-12T11:44:00+00:00By

Looking to transform your training program? Take a cue from those who are using leading-edge tech and outside-the-box thinking in the space.

FTC statue

FTC turns up antitrust heat on Big Tech

2020-02-11T20:02:00+00:00By

The FTC will require the top five U.S. technology firms—Alphabet Inc. (Google), Amazon, Apple, Facebook, and Microsoft—to provide information on acquisitions not previously reported to the agency dating back 10 years.

Chinese hackers

Equifax indictment and the making of a Chinese cyber-attack

2020-02-10T19:21:00+00:00By

The DOJ announced four members of the Chinese military have been indicted on charges of hacking into the computer systems of Equifax, ultimately resulting in the largest-ever breach of consumer data. From an ERM standpoint, the indictment offers an inside look at the making of a Chinese cyber-attack.

NIST

NIST seeks comment on ransomware, cyber-attack guidance

2020-02-07T17:07:00+00:00By

The National Institute of Standards and Technology is seeking input on a trio of draft guidance published in the past week. Two of the drafts address ransomware attacks, and the third addresses protecting against cyber-attacks in the supply chain.

Google ads

Report: DOJ zeroes in on Google’s ad brokerage business

2020-02-05T21:45:00+00:00By

The DOJ’s scrutiny of Google’s online ad business reflects growing concerns over the tech giant’s potentially anticompetitive behavior, prompts the reclusion of an antitrust enforcement official from the probe, and points to closer coordination between federal and state authorities.

Salesforce

CCPA cited in Hanna Andersson/Salesforce breach lawsuit

2020-02-05T18:27:00+00:00By

A lawsuit filed against online retailer Hanna Andersson and its e-commerce platform Salesforce is among the first to cite the fledgling California Consumer Privacy Act in its judgment sought.

Libra

​Mastercard CEO lists Libra red flags as reason for exit

2020-02-05T16:49:00+00:00By

Mastercard CEO Ajay Banga cites concerns with compliance, data management, and making money within regulatory constraints among the reasons his company left the Facebook-led Libra Association late last year.

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First four ‘Excellence in Compliance Awards’ finalists revealed

2020-02-04T17:19:00+00:00By

Compliance Week is proud to announce its first four finalists for the “Excellence in Compliance Awards,” a newly formed program that recognizes individual achievement in one of 13 categories relating to risk and compliance.

Facebook

Facebook reveals $550M settlement for Illinois privacy lawsuit

2020-01-30T20:10:00+00:00By

Facebook has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.

Microsoft

Microsoft data leak points to industry-wide security vulnerabilities

2020-01-24T15:41:00+00:00By

Microsoft made headlines when it was discovered that nearly 250 million customer service and support records were exposed on the Web through several unsecured cloud servers. But that’s only a glimpse into wider cloud-security weaknesses throughout the industry.

FinTech

Six strategies for FinTech adoption in banking

2020-01-23T16:30:00+00:00By Thomas Wan, International Compliance Training Academy

Thomas Wan of the International Compliance Training Academy outlines strategies for navigating the dynamic terrain of FinTech adoption within the banking industry.

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Mar. 19 | Can KYC compliance and customer experience coexist?

2020-01-22T19:10:00+00:00Provided by

Remaining competitive in the modern financial world requires staying ahead of increasingly sophisticated financial crimes and fluid regulations across multiple jurisdictions.

2020Strategy

Tip sheet: 2020 priorities for accounting and audit regulators

2020-01-14T15:10:00+00:00By

With the new year under way, we highlight some focus areas of accounting and audit regulators—SEC, PCAOB, and FASB—that should be top of mind for boards of directors.

AI United States

White House proposes AI regulatory principles to limit government overreach

2020-01-07T22:18:00+00:00By

In sum, federal agencies should reject “rigid, design-based regulations” in favor of flexible approaches to artificial intelligence applications.

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Special report: Compliance 2020

2020-01-06T14:24:00+00:00By

CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.

CloudPricetag

FASB cloud computing cost standard to soon take effect

2020-01-02T15:35:00+00:00By

An updated cloud computing standard from the Financial Accounting Standards Board will clarify expenses associated with Web hosting arrangements for cloud computing.

CCPA

Survey: CCPA still poses compliance nightmare

2019-12-30T18:18:00+00:00By

With the clock ticking toward the Jan. 1 implementation date, Compliance Week and ACA Aponix asked 100 compliance practitioners whether their company would be CCPA compliant by the deadline. Their collective answer? Nope.

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Apple, Walmart among compliance winners of 2019

2019-12-27T17:13:00+00:00By

Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.

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Top ethics and compliance failures of 2019

2019-12-27T17:13:00+00:00By

From antitrust and privacy concerns in the tech world to compliance officer liability in the pharmaceutical industry to unethical practices in the banking and accounting professions, more than a dozen companies made Compliance Week’s list of the biggest compliance fails in 2019.

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Most-trafficked content tells story of the compliance officer

2019-12-23T15:35:00+00:00By

Changes in the interests of our audience over the last several years help us to understand how much compliance officers must evolve in their jobs to meet the demands of a given time.

Data transfers

Top EU advisor: Clauses used for EU-U.S. data transfers ‘valid’

2019-12-23T15:18:00+00:00By

Big Tech can breathe a sigh of a relief that the mechanisms it uses to transfer data outside of the European Union to “third countries” provide sufficient privacy protection, according to a key advisor to the EU’s top court.

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Bill to combat robocalls heads to Trump’s desk

2019-12-19T19:33:00+00:00By

A popular bill intended to crack down on illegal robocalls has passed House and Senate votes with overwhelming majorities and will soon make its way to President Trump’s desk for final approval.

David Lefort

Companies deserve a break on rushed CCPA compliance

2019-12-19T16:47:00+00:00By

The CCPA has been rushed from the start, says CW Editor in Chief Dave Lefort, who believes the California attorney general’s plan to give leniency for companies making good-faith efforts is the right call.

Tech highway

Future-proofing the compliance professional

2019-12-16T16:19:00+00:00By Simone Jones, International Compliance Association

There may be many aspects of the future outside our influence, but something we can control is our ability to invest in our knowledge and skills to better prepare us for the opportunities and challenges we may be presented with.

Technology

International banking regulator: Big Tech ‘may pose risks to financial stability’

2019-12-13T18:29:00+00:00By

Big technology firms like Amazon, Facebook, Twitter, and Google are a potential risk if they get more heavily involved in providing financial services, says the Financial Stability Board.

TPRM2

Drowning in third-party risk? Let us throw you a life jacket

2019-12-06T16:43:00+00:00By

You need help managing your third parties, and over the course of two days in San Francisco, we hope to help you find the answers to the questions that keep TPRM stakeholders up at night.

Roger Wicker

Republicans, Democrats spar over federal privacy bill

2019-12-05T18:14:00+00:00By

Republicans and Democrats have differing opinions on the rights and role of a federal privacy law, but both sides agreed at a Senate Commerce Committee hearing Wednesday the time to act is now.

ClaytonTop

Technology at center of Clayton-moderated discussion at SEC

2019-12-04T21:56:00+00:00By

“Message received,” SEC Chairman Jay Clayton said as panelists at his discussion on global macroeconomic trends emphasized how technology is affecting markets and why regulators must lead rather than follow.

RobotDecisions

ICO draft guidance helps U.K. firms clarify AI choices

2019-12-03T16:34:00+00:00By

The U.K. Information Commissioner’s Office has released guidance that lays out four principles—based on the GDPR—companies must consider when applying AI to their systems.

Excellence in Compliance Awards

Introducing ‘The Excellence in Compliance Awards’

2019-12-02T22:03:00+00:00By

Compliance Week is making some changes to its annual awards for 2020, evolving the “Top Minds” recognition into a full-blown, specifically targeted awards program dubbed “The Excellence in Compliance Awards.”

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Senate Dems propose ‘clear as a bell’ U.S. privacy law

2019-11-27T21:12:00+00:00By

Senate Democrats have proposed a new federal data privacy bill that seeks to empower consumers and support their civil rights in the digital economy.

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e-Book: Special report: Maturing in your compliance technology journey

2019-11-22T11:02:00+00:00

Our second annual special report on compliance and technology addresses the challenges and opportunities posed by the continuing evolution of the compliance function and the advanced tools that both power it and make it infinitely more complex.

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Webcast: Improving efficiency with intelligent compliance

2019-11-21T14:54:00+00:00Provided by

Learn about the skill sets needed for compliance roles to succeed in the future, why security is becoming more important to compliance and supervision infrastructure, and compliance technology developments.

Jamison_index

Guest column: Consumers embrace Big Tech

2019-11-21T14:25:00+00:00By

Mark Jamison of the American Enterprise Institute discusses why breaking up Big Tech would be bad for consumers, startups, and more.

Femtech

‘Femtech’ wanders into uncharted regulatory territory

2019-11-20T20:57:00+00:00By

Applications that serve women’s health needs could soon be held to a higher standard of accountability for protecting users’ data if they become classified as “covered entities” under HIPAA.

CryptoRisk

Regulators wary of crypto as digital assets go mainstream

2019-11-20T20:57:00+00:00By

Federal agencies struggle to categorize digital coins as currency, securities, commodities, property, or something else—but even as they dither, some big companies strive forward in the digital assets arena.

AI CWE2019

Regulators need experts in AI, too

2019-11-20T20:56:00+00:00By

Machine learning isn’t something that’s going to happen—it’s already happened. Ali Shah, head of tech policy at the U.K. Information Commissioner’s Office, discusses how artificial intelligence will impact regulators.

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Six steps for developing an AI ethics framework

2019-11-20T20:56:00+00:00By

Artificial intelligence can undoubtedly improve processes and create efficiencies, but it can also be an enormous risk if it’s not designed with ethics in mind.

DIgitalUnease

U.S. consumers express unease over personal data collection

2019-11-20T14:57:00+00:00By

A recent survey says a majority of Americans don’t trust data privacy policies and procedures, even while U.S. companies are hastening to enhance them in advance of the California Consumer Privacy Act’s implementation.

Privacy War

Privacy warfare: Competitors, consumers pose new risks

2019-11-19T21:38:00+00:00By

With a new wave of privacy laws empowering consumers to police their own data, companies are facing increased risk in areas they might not have considered.

CCPAUpdate

10 things you need to know about CCPA compliance

2019-11-19T21:37:00+00:00By

It’s go-time for compliance as the clock ticks toward the Jan. 1 effective date of the California Consumer Privacy Act.

GDPR panel

Regulators sympathetic to GDPR growing pains but expect maturity

2019-11-19T21:37:00+00:00By

Officials from a pair of EU data privacy sanctioning bodies stressed importance of data protection officers and good-faith efforts to comply with GDPR.

David Lefort

Ireland vs. Big Tech: The wait continues

2019-11-19T21:37:00+00:00By

It’s been 18 months since the General Data Protection Regulation went into effect, and still no violations have come out of Ireland. Is the Emerald Isle dragging its feet? CW Editor in Chief Dave Lefort attempts to answer that question.

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Survey: Compliance struggles to keep pace with mobile, social tech in workplace

2019-11-18T22:11:00+00:00By

A new survey shows the use of personal devices and contemporary communication platforms are par for the course in work settings; yet 45 percent of firms feel they are incessantly behind the eight-ball when it comes to managing electronic message compliance.

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Data-driven compliance can create business success

2019-11-18T21:41:00+00:00By

Smart uses of data analytics show companies can not only improve their compliance programs with technology, but actually create bottom-line results for their companies as well.

SoftwareChoice

Best practices for choosing the right data privacy software

2019-11-18T21:41:00+00:00By

Don’t expect a plug-and-play technology solution to this complex new problem.