Governance Risk and Compliance
The UK Ministry of Defence has admitted to 49 separate data breaches involving Afghan relocation cases over four years, revealing systemic data governance failures beyond the catastrophic 2022 leak that cost the government up to £2 billion. A Freedom of Information request by the BBC has revealed there have been 49 data breaches in the past four years, including the four already known to the public, according to a report published this week.
While organisations recognise the importance of artificial intelligence governance, most lack the processes to implement it effectively, creating significant security vulnerabilities and compliance challenges, according to a survey by Anaconda Inc.
Financial crime screening platform Sigma360 has launched Entity Summary, a generative AI feature that automatically creates risk profiles from multiple data sources.
Risk Cognizance has integrated agentic AI into its governance, risk and compliance software, enabling autonomous cybersecurity operations with minimal human intervention.
Smaller financial institutions face mounting pressure to meet anti-money laundering (AML) compliance standards as regulators increasingly target firms previously considered low-priority, according to analysis from compliance technology provider Consilient.
Vanta has acquired Riskey, a specialist in realtime third- and fourth-party risk monitoring, in a move to transform how organizations manage vendor cybersecurity risks. The acquisition integrates Riskey's technology into Vanta's Vendor Risk Management platform, replacing traditional static point-in-time assessments with continuous, AI-driven risk intelligence.
Australian financial technology provider FrankieOne has unveiled a new compliance platform designed to help businesses navigate sweeping changes to the country's anti-money laundering regime set to take effect next year.
When the headlines fade after the latest mega data breach, the ripple effects are still keenly felt across enterprise and government supply chains. Many suppliers are now faced with meeting strict mandates such as ISO 27001 certification to continue doing business. When added to the demands of the new Privacy Act and Essential Eight cybersecurity framework, the compliance challenge is becoming enormous.
