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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2024-08-13T20:35:00
The U.K. Information Commissioner’s Office (ICO) proposed a 6.1 million pound (U.S. $7.8 million) fine against Advanced Computer Software Group, an IT contractor for the National Health Service (NHS) that allegedly failed to secure the data of 83,000 people after a cyberattack.
The ICO said in a press release Wednesday it provisionally penalized Advanced after the company allegedly failed to implement basic cybersecurity controls to protect personal data. If finalized, the enforcement action would be the agency’s first financial penalty against a data processor under the U.K. General Data Protection Regulation.
Advanced provides the NHS and other healthcare providers with IT and software services. In August 2022, the company suffered a ransomware attack that gave hackers access to some of the company’s health and care systems via a customer account that did not have multi-factor authentication.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-03-25T13:36:00Z By Neil Hodge
The Information Commissioner’s Office updated its data protection fining guidance to provide companies with greater transparency and clarity about how and why it would issue penalties for a breach of the U.K. General Data Protection Regulation or Data Protection Act 2018.
2023-04-24T14:05:00Z By Neil Hodge
Despite suggestions the European Union could look to the United Kingdom when considering future changes to the General Data Protection Regulation, legal experts question the impact planned U.K. reforms to the privacy law will have on multinational businesses.
2023-04-04T20:12:00Z By Adrianne Appel
Social media platform TikTok was fined £12.7 million (U.S. $15.9 million) by the U.K. Information Commissioner’s Office for using the personal data of children without parental consent and other violations of data protection mandates.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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