Australia’s regulator AUSTRAC has published guidelines instructing reporting entities to assess potential impacts of data breaches on their exposure to money laundering and terrorism financing (ML/TF) risks. The guidelines also call for measures to manage and mitigate these risks and continually monitor for data breaches that may affect their customers. Non-compliance with these guidelines will necessitate a significant change in many reporting entities’ approach to identifying and managing ML/TF risks.
New EU Commission to come up with healthcare cybersecurity plan
The European Commission’s new focus will be strengthening the EU’s healthcare sector against cyber-attacks, with a 100-day plan to initiate implementation of cybersecurity regulations. Cost
