After a bruising year of cyber incidents that exposed the fragility of the UK’s digital defenses, the government has presented its long-awaited Cyber Security and Resilience Bill to Parliament, a huge step intended to move the country from guidance to enforcement in its approach to cyber risk.
The European Central Bank has ordered Spanish lender ABANCA to pay €187,650 after the bank failed to complete a required assessment of its climate-related and environmental risks within the deadline set by supervisors.
Portugal’s Insurance and Pension Funds Supervisory Authority (ASF) has approved its updated Corruption and Related Offenses Risk Prevention Plan for 2025, the latest step in the agency’s effort to strengthen internal governance and reinforce public confidence in the supervision of Portugal’s insurance and pension fund sectors.
The Australian Securities and Investments Commission (ASIC) has launched Federal Court proceedings against suspended Western Australia–based mineral exploration company AVZ Minerals Limited and two of its directors, alleging failures to disclose critical information relating to a major lithium project in the Democratic Republic of the Congo (DRC).
Wessex Water and its shareholders are set to fund an £11 million package aimed at addressing failures in the company’s wastewater network, following findings from Ofwat that the utility did not adequately operate or upgrade parts of its system. The regulator announced the proposed enforcement action on Tuesday, opening a public consultation before a final decision is made.
Visa and Mastercard have agreed to a revised $38 billion settlement in an effort to resolve more than twenty years of litigation over credit card swipe fees. The card networks are hoping the updated proposal will satisfy U.S. District Judge Margo Brodie, who rejected a smaller settlement last year. Reuters was first to report the new agreement, which immediately drew criticism from several merchant groups who say the deal still doesn’t go far enough.
The Washington Post has confirmed that it was among the organizations affected in a broader hacking campaign exploiting vulnerabilities in Oracle’s E-Business Suite, a set of corporate software tools widely used to manage HR systems, business operations, and sensitive internal data.