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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.
From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
A federal judge in New Mexico has ordered Meta to pay $25bn after ruling that it deliberately misled the public about its handling of Facebook user data. Judge Francis Mathew said communications between senior executives were designed to mislead the public. "Facebook's wrongdoing - over the course of years and systematically broadcast to the public - goes to the heart of Facebook's core business practices," Mathew wrote. He found that a penalty of more than $219bn was warranted based on state law, but he reduced the figure to $25bn. The penalty would be among the largest payouts in U.S. legal history if it stands. New Mexico Attorney General Raúl Torrez said the money must be spent on building schools. “We may have in fact paid for the construction of schools for the next several hundred years,” Torrez said. “I don’t actually know because the amounts that we’re dealing with are so huge.”
Full Issue
Risk Channel
UK/Europe
The identification of two critical vulnerabilities in PHP, a programming language which underpins around 70% of the world’s websites, has led to government agencies and businesses worldwide taking their websites offline. The flaws could allow hackers to take control of web servers without a password. The organisation behind the language issued a patch on Wednesday after researchers testing cyberdefences discovered the flaws. The UK’s National Cyber Security Centre told organisations to check for “backdoors installed by an attacker.” Prof Alan Woodward, a cybersecurity expert at Surrey University in the UK, said: “The big thing is for everyone using [the patch] to get that in to make sure their systems are safe. The troubling part is there is going to be a long tail of websites who may not be maintained as well and they are going to remain vulnerable, which means we may see weeks and months of ongoing attacks.”
Full Issue
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New Broom at S.E.C
In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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Here Comes The Bribe
How robust are the anti-bribery strategies in your organisation? Do you have any? Bribery is not a phenomenon limited to multinationals operating in some of the more obscure, less-regulated areas of the world.
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Whistle Test Is Coming
The demands for “whistle blowing” employees to be given more protection are growing. The following stories selected from the daily news newsletter highlight this trend
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CEOs Fret Over Lost Remote Control
“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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ESG Is Not Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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