Boris Johnson’s Spamalot: Conservative Party fined £10,000 over nuisance emails June 3, 2021 The Conservative Party has been fined £10,000 for sending dozens of marketing emails to people who did not want to receive them. Data watchdog the Information Commissioner’s Office (ICO) opened a probe into the party over 51 emails sent in Boris Johnson’s name over the eight days after he was elected prime minister in July [...]
Investment professionals must beware of the cyber risks in portfolios May 25, 2021 | City Talk Internet security blog posts are usually more at home on the inside pages of IT trade publications than on the front pages of international newspapers. The one published by Microsoft Corporate Vice President Tom Burt on 2 March, about the emergence of “state-sponsored threat actor” Hafnium, was a notable exception. A new threat had emerged, [...]
Weekend Read: Foreign investors flee Myanmar as regime strengthens grip May 16, 2021 Businesses have continued to bow out of Myanmar after the bloody coup has killed more than 750 people and seen over 5,000 arrested for protesting the military’s forced reign. Companies began to flee Myanmar in March, like Japanese beverage group Kirin which had a $1.7bn stake in Myanmar Economic Holdings Public Company Limited, a company [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Tiktok sued for billions over children’s data concerns April 21, 2021 Tiktok is being sued for billions of pounds over allegations the video-sharing app illegally harvested the private data of millions of European children. The lawsuit, which is being backed by former children’s commissioner for England Anne Longfield, alleges that every child that has used Tiktok since 25 May 2018 may have had personal information collected [...]
Grindr hit with £8.5m fine over data privacy breach January 26, 2021 Grindr is set to be slapped with a hefty fine after regulators found it had illegally disclosed user data to advertising firms. The Norwegian Data Protection Authority has announced an intention to fine the gay dating app 100m krona (£8.5m) — equivalent to 10 per cent of its annual turnover — over the breach. The proposed [...]
What does the WhatsApp saga tell us about privacy in 2021? January 21, 2021 Public trust is steadily declining in the tech sector; WhatsApp’s latest ordeal is a perfect example. The company recently announced it would start sharing sensitive user data with Facebook, including information such as IP address, browser information and phone numbers. Cue a swarm of users deleting the app and fleeing to competitors such as Telegram [...]
Data-hungry fintech firms urge FCA to ‘break’ banks this year January 2, 2021 A coalition of London startups is calling on the Financial Conduct Authority to end the dominance of banking institutions over the use of consumer data this year. The firms argue it would increase competition in the savings, credit, mortgages and pensions markets. The Coalition for a Digital Economy (Coadec), an advocacy group that represent a [...]
Sports law in 2021: Data disputes, the evolution of esports, all eyes on Premier League TV rights, and rules tighten for clubs and agents December 31, 2020 While there may not have been as much action on the pitch in 2020, this year has been an eventful one for sports lawyers off the pitch to say the least. Coronavirus has acted as a magnifying glass, intensifying the financial and legal pressures that those in the sports ecosystem face. But how is 2021 [...]
‘Break’ London banks and give us access to data: fintech firms tell FCA November 24, 2020 A coalition of primarily London startups is calling on UK regulators to end the dominance of banking institutions over the use of consumer data as it would increase competition in the savings, credit, mortgages and pensions markets. The Coalition for a Digital Economy (Coadec), an advocacy group that represent a number of UK fintech firms [...]