WhatsApp Breach, ESG Data, Personal Data, Citigroup’s Data, ANZ Healthcare, Macau DNA Database

This week we begin with an article that discusses a data hack that has affected millions of WhatsApp users. The following article discusses the Financial Conduct Authority’s proposal to develop a code of conduct for providers of ESG data and ratings. Next, it is discussed how respondents to a LocalCircle’s study blamed banking institutions for data breaches in India. Following that, we have a piece concerned with Citigroup to stop poor data management within the company. After that, we have an analysis of how healthcare executives in Australia and New Zealand (ANZ) intend to standardize data interchange to fully utilize data and analytics. Finally, we have a story explaining a DNA database that Macau is creating to fight crime.

WhatsApp Data Breach 500 Million Users Phone Numbers On Sale

In what could be one of the biggest data breaches, phone numbers of nearly 500 million WhatsApp users are put on sale online. According to a report by Cybernews, an actor posted an ad on a hacking community forum, claiming that it is selling a 2022 database of 487 million WhatsApp user mobile numbers. The database contains mobile numbers of WhatsApp users from 84 different countries that includes the US, the UK, Egypt, Italy, Saudi Arabia and even India.

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FCA Creates Group To Develop Code Of Conduct For ESG Data Providers

The Financial Conduct Authority will create a group to develop a code of conduct for environmental, social and governance (ESG) data and ratings providers. The regulator expressed its support for introducing regulatory oversight of certain ESG data and ratings providers in its feedback Statement on ESG integration in UK capital markets (FS22/4). The group will be co-chaired by M&G, Moody’s, London Stock Exchange Group and Slaughter and May.

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Personal Data Breach: Most Point Fingers At Financial Institutions

At a time when the government is gearing to introduce the draft data protection Bill, people believe that financial institutions, including insurance companies, banks and loan agencies, are the top offenders in compromising their personal data. A survey by community social media platform LocalCircles shows that 6 in 10 people have reported personal data breach by their loan service providers, while 4 in 10 people have pointed fingers towards insurance providers or banks.

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Citigroup Faulted By U.S. Banking Regulators For Poor Data Management In ‘Living Will’ Review

Citigroup needs to address weaknesses in how it manages financial data, according to a review of the biggest banks’ so-called living will plans, U.S. banking regulators said Wednesday. The New York-based bank’s issues could hurt its ability to produce accurate reports in times of duress, and that could hamper its ability to successfully execute resolution planning, the Federal Reserve and the Federal Deposit Insurance Corporation told the bank in a letter.

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Most ANZ Healthcare Execs Demand Standardised Data Exchange: Report

Healthcare organisations in Australia and New Zealand have found it difficult to harness the power of data and analytics to improve clinical and patient outcomes due to their inability to exchange data seamlessly and in real time. To address this challenge, healthcare executives in the region are calling for the standardisation of data exchange, according to a new report. A new study commissioned by InterSystems sought to understand the present state of healthcare analytics and interoperability in ANZ. 

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Security: DNA Database To Move Forward

If the current news cycle has shown us anything, it’s that it’s never been more important for businesses to be serious about security. It can feel like the next data breach is just around the corner. For businesses to remain viable, they require customers to trust them with sensitive information, and the consequences of breaching this trust can cause irreversible reputational and financial damage.

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Source: https://mailchi.mp/zigram/data-asset-weekly-dispatch_28_november_1

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