Regulatory
Global: Fractal ID Postmortem Ties Breach to 2022 Password Hack
Blockchain identity platform Fractal ID has released a postmortem report detailing the data breach the company experienced on July 14, 2024. The investigation ...
Nigeria
Nigeria: Bank Stocks Fall on NGX Following Senate’s Move to Amend Finance Act 2023 Retroactively
Banking stocks on the Nigerian Exchange Limited (NGX) experienced declines on Friday following the Senate’s decision to retroactively amend the Finance Act 2023, ...
Nigeria
Nigeria: CBN Directs Banks to Transfer Dormant Accounts and Unclaimed Balances to Its Custody
The Central Bank of Nigeria (CBN) unveiled revised guidelines on Friday for managing dormant accounts, unclaimed balances, and other financial assets within banks ...
Nigeria
Nigerian Regulator Fines Meta $220 Million for Privacy Law Violations
The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has levied a $220 million fine against Meta, alleging that the privacy policy ...
Regulatory
Global: Open Banking Faces Challenges as Banks Seek Delay in New Data Regulations
As open banking continues to evolve in the United States, it holds the promise of delivering personalized services and products to customers, thereby ...
Regulatory
Global: Meta’s AI Pullback Highlights EU Regulatory Challenges
Meta, the parent company of Facebook, has decided to withhold its latest multimodal artificial intelligence (AI) model from the European Union, underscoring the ...
Regulatory
Global: South Korea Enforces Stringent Crypto Exchange Regulations
South Korea’s highly anticipated regulations for crypto exchanges, aimed at safeguarding users’ crypto assets, came into effect on July 19. These regulations, enacted ...
Nigeria
Nigeria: FG Unveils Blueprint for Africa’s Digital Trade Transformation
On Friday, the Federal Government of Nigeria unveiled a comprehensive strategy to lead Africa’s digital trade transformation, aligning with the framework of the ...
Nigeria
Nigeria: FG Plans to Regulate eCommerce Platforms in Nigeria to Enhance Security
The Federal Government of Nigeria is set to implement new regulations to enhance security across eCommerce platforms. According to the proposed bill, individuals ...
Regulatory
Global: FCA Urges Financial Institutions to Enhance Treatment of Politically Exposed Persons (PEPs)
The Financial Conduct Authority (FCA) has urged financial firms to take additional steps to ensure that politically exposed persons (PEPs) and their families ...
