GRC Report Staff

In a joint assessment published this week, Austria’s financial authorities say the regulation is beginning to reshape how digital risk is understood, reported, and managed across the financial system. The Financial Market Authority (FMA and the Oesterreichische Nationalbank (OeNB) described the first year of DORA as a constructive one, pointing to clearer insight into cyber incidents, tighter oversight of critical service providers, and what they call an emerging cultural shift in IT security across financial institutions.

The Dutch data protection watchdog is urging lawmakers to slow down and look closely at the real-world impact of sweeping new anti-money laundering rules, warning that a major expansion of financial surveillance can only be justified if it is proven to work and if people’s privacy is meaningfully protected.

Finland’s Supreme Administrative Court has clarified the limits of cooperation between competitors in public procurement, ruling that a group of bus companies unlawfully restricted competition by submitting joint offers in public transport tenders in the Turku region.

UK organizations grappling with cross-border data transfers have new help at hand. The country’s data protection regulator has published updated guidance on international transfers of personal information, with the stated aim of making the rules under the UK GDPR quicker to understand and easier to apply in practice.

Dun & Bradstreet has agreed to pay more than $5.7 million to resolve allegations that it violated a prior order issued by the Federal Trade Commission, according to a statement released Wednesday by the U.S. Department of Justice.

Diligent has acquired 3rdRisk, an AI-native third-party risk management provider based in the Netherlands, as part of a move to expand its capabilities in vendor and supplier risk oversight.

Italy’s competition watchdog has opened a broad market investigation into how large-scale grocery retailers shape pricing and value distribution across the agri-food supply chain, as food prices continue to rise faster than inflation and farmers report mounting pressure on margins.