Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Tech giants should be held to compulsory ‘code of ethics’, MPs say February 18, 2019 Facebook and other tech giants should face stricter regulation to tackle the spread of fake news and misuse of personal data, MPs said today. Facebook founder and chief executive Mark Zuckerberg was harshly criticised in the final report on disinformation by the Department of Culture, Media and Sport (DCMS) Select Committee, having declined several invitations to attend [...]
Facebook faces paying billions of dollars in data breach penalty February 15, 2019 Facebook faces a record multi-billion dollar fine from the Federal Trade Commission (FTC) for privacy violations, according to reports. The penalty would surpass the $22.5m (£17.5m) fine the FTC issued to Google for failing to protect user data as the largest ever financial punishment imposed by the US government's privacy and security watchdog. Read more: [...]
Data regulator pushes for a wider remit in tech giant audits February 14, 2019 Future regulation on the world’s biggest tech companies must include the UK’s data watchdog, information commissioner Elizabeth Denham said today. Speaking at the Institute for Government, Denham described MPs’ calls for regulation of tech giants as a “knee-jerk reaction” that, if excessive, could impinge on freedom of expression. Her comments came as platforms such as [...]
Leave.EU and Arron Banks’ insurance firm fined £120,000 for illegal marketing February 1, 2019 The Brexit campaign Leave.EU and Arron Banks’ firm Eldon Insurance have been fined a combined £120,000 for unlawful marketing. The Information Commissioner issued the fines and said it would audit both organisations over their handling of personal data. The ICO found the campaign and the insurer were “closely linked” and that customers’ details were illegally used [...]
Drones, cybercrime, AR, and robots – the tech trends to watch out for in 2019 January 3, 2019 It is finally 2019, and I can’t wait to see what surprises the technology industry has in store for us. What should we keep our eyes peeled for over the next 12 months? To whet your appetite about the future, I asked the experts for their predictions for the top tech trends of this year. Devious [...]
Android apps send user data to Facebook without consent, report shows January 2, 2019 Almost two dozen popular Android apps automatically send user data to Facebook as soon as they are opened in a potential breach of data protection laws, a new report by Privacy International has revealed. An analysis of 34 Android apps showed 61 per cent of apps automatically transfer data to Facebook, even if the user [...]
City watchdog plans to overhaul treatment of whistleblowers in 2019 December 31, 2018 The City watchdog is planning an overhaul of its approach to whistleblowers in the new year, in order to encourage more people to feel safe in coming forward. The Financial Conduct Authority (FCA) said that it would announce details of the plan, first reported by the Financial Times, later in 2019. It will revisit how it maintains [...]
New fines rolled out as government targets company bosses in cold call crackdown December 17, 2018 Bosses of companies that make nuisance calls face personal fines of up to £500,000 as part of a new government crackdown. New laws allow the UK’s data protection watchdog, the Information Commissioner's Office (OCI), to directly target bosses responsible for the cold calls. It is hoped the measures will stop directors filing for bankruptcy in [...]
Sadiq Khan hits back at Terry Morgan over Crossrail comments December 3, 2018 Sadiq Khan has hit back at Crossrail chairman Terry Morgan over comments he made about what the mayor knew about the project’s delay. The soon-to-be-sacked Morgan told the BBC earlier today that he was in “absolutely no doubt” that Khan was told on 26 July that it was no longer feasible to deliver Crossrail, also known [...]
City Moves for 30 November – who’s switching jobs at DWF, Legal & General and Relendex? November 30, 2018 DWF DWF has appointed regulatory specialist Richard Burger as a partner in its regulatory, compliance and investigations team in London. Richard joins from corporate and insurance firm Reynolds Porter Chamberlain (RPC). Richard has 20 years’ experience in UK and international regulatory enforcement, criminal and internal corporate investigations. A former regulatory enforcement lawyer with the FSA [...]