William Gonyer

Picture this, it’s 2024, and the EU has just dropped a new bombshell in the world of cybersecurity. It’s called the NIS2 Directive, and while its name might not scream "party," it’s definitely something organizations need to pay attention to. For all the tech nerds and cybersecurity folks out there, this is more than just a new set of rules—it's a whole new way of doing business when it comes to securing networks, reporting incidents, and managing risk. But don’t worry, this article isn’t going to sound like it was written by a robot (unless, of course, that robot had an excellent sense of humor and personality). We’re diving into what NIS2 means, how it impacts AI, and what exactly you should be doing to stay ahead of the game. And spoilers, AI is going to be your best friend in this one.

It was billed as the future of finance: a stablecoin so steady it could weather any storm. Yet, when Terra USD (UST) lost its $1 peg in May 2021, the cracks in that promise were glaringly exposed. Now, Tai Mo Shan Limited, a key player in propping up UST’s illusory stability, is facing a $123 million reckoning from the Securities and Exchange Commission (SEC).

Sustainability reporting has evolved from a nice-to-have to a must-do. For years, it’s been voluntary—a chance to show off green credentials. But now? Regulators and investors are upping the ante. KPMG’s 13th Survey of Sustainability Reporting couldn’t have landed at a better time. With mandatory reporting on the horizon for many countries, the survey offers a fascinating look at how global companies are preparing for this seismic shift—or not.

The Basel Committee on Banking Supervision has officially closed the book on a 25-year-old rulebook, unveiling final guidelines for counterparty credit risk (CCR) management that aim to address vulnerabilities exposed in recent financial turmoil. Announced on December 11, 2024, these guidelines target the persistent weaknesses in CCR, particularly in dealings with non-bank financial intermediaries (NBFIs), which have recently made headlines for all the wrong reasons.

In what might be the hospitality industry's most expensive case of leaving the digital door unlocked, Marriott International and its subsidiary Starwood Hotels are checking out of their security nightmare with a $52 million bill and an FTC-mandated security makeover. The settlement, announced October 9, 2024, addresses three massive data breaches affecting over 344 million guests worldwide.

The collapse of FTX in November 2022 was not merely the downfall of one of the world’s largest cryptocurrency exchanges but a seismic event that reverberated throughout the entire cryptocurrency industry. Once the third-largest crypto exchange, FTX handled billions of dollars in customer funds, making its rise and fall a significant case study in financial instability and regulatory oversight. The event exposed profound vulnerabilities within the cryptocurrency ecosystem, a sector once viewed as both promising and robust. The fallout from FTX’s demise extended far beyond its balance sheet, devastating other cryptocurrency services, shaking investor confidence, and prompting global regulatory scrutiny.

New York-based facial recognition startup Clearview AI has now accrued fines exceeding $115 million for privacy violations across the European Union and the United Kingdom. The Dutch Data Protection Authority (DPA) has recently imposed a $33.7 million penalty, adding to a series of General Data Protection Regulation (GDPR) compliance issues that date back to 2020.