You’re all signed up for Risk Channel
Thank you for your interest in our service.
Watch out for a confirmation email from our subscriptions team. Once you have confirmed you will join the worldwide community of over 14,000 subscribers who are receiving daily Risk intelligence to lead, innovate and grow.
Note: Due to the nature of this message you may find this in your "promotions" or "spam" folders, please check there. If nothing arrives within a few minutes let us know. If you do not receive this email we will be happy to help get you set up.
Adding the email address riskchannel@emm.us.com, will help to ensure all newsletters arrive directly to your inbox.
Recent Editions
Risk Channel
North America
The Department of Justice (DOJ) has unsealed a 14-count indictment against 17 Iranian nationals who are accused of conducting a cyber theft campaign on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC). The indictment alleges that the group targeted at least 144 U.S. universities, 178 foreign universities, and 42 U.S. private companies, stealing over 31 terabytes of academic data and intellectual property. U.S. Attorney Jamie McDonald said: “These charges reveal the broader network allegedly behind a sweeping, state-sponsored campaign to steal research and intellectual property.” The charges include conspiracy to commit computer instructions and wire fraud. Maximum sentences range from five to 20 years. The State Department is offering a reward of up to $10m for information on five of the defendants.
Full Issue
Risk Channel
UK/Europe
The UK's Financial Conduct Authority (FCA) has warned motor finance lenders to strengthen their plans for compensating customers affected by the mis-selling scandal. The City watchdog's review found that while most firms understood the regulator’s requirements, many compensation plans remained too high-level and lacked detail on the systems, workflows and procedures needed to deliver payouts. The FCA estimates its proposed redress scheme could result in around £7.5bn being paid across 12.1m finance agreements dating from 2007 to 2024. The scheme is currently delayed by legal challenges from three lenders, while a consumer group is also challenging the proposed arrangements. If the FCA’s scheme survives, compensation payments could begin next year.
Full Issue