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4 articles

⚖️ Risk Mgmt

West Pharmaceutical Services Files SEC 8-K After Ransomware Encrypts Systems and Exfiltrates Manufacturing Data

West Pharmaceutical Services, an S&P 500 drug delivery component manufacturer, disclosed a ransomware attack via SEC Form 8-K, confirming system encryption and data exfiltration affecting its manufacturing and quality systems. The incident highlights regulatory obligations for publicly listed companies to disclose material cybersecurity incidents and the specific risks facing pharmaceutical supply chain manufacturers.

#ransomware +4
⚖️ Risk Mgmt

FTC Bans Kochava Subsidiary from Selling Sensitive Location Data in Landmark Enforcement Settlement

The US Federal Trade Commission has reached a settlement banning Kochava and its Collective Data Solutions subsidiary from selling sensitive location data derived from consumer mobile devices — marking the FTC's most significant enforcement action against the location data broker industry. The settlement establishes a precedent with direct implications for any organisation that monetises or purchases precise consumer location data, including advertising technology companies, retail analytics firms, and financial services using location data for fraud detection.

#ftc +9
⚖️ Risk Mgmt

FTC: Americans Lost $2.1 Billion to Social Media Scams in 2025 — AI-Enhanced Fraud Doubles Investment Losses

The US Federal Trade Commission's annual consumer fraud report records $2.1 billion in social media scam losses in 2025, a 47% increase from 2024 driven by AI-generated deepfake impersonations, synthetic romance fraud accounts, and AI-personalised investment scam targeting. Investment scams account for 53% of losses at $1.1 billion. The report carries compliance implications for organisations under FTC Section 5 and EU AI Act Article 50 transparency obligations.

#fraud +6
⚖️ Risk Mgmt

NIS2 Moves From Grace Period to Enforcement — Germany's BSI Registration Deadline Is Now

Eighteen months after the NIS2 transposition deadline, EU member states are moving from legislative implementation to active supervisory enforcement. Germany's BSI has set April 2026 as the registration deadline for essential and important entities under the national NIS2 implementation (NIS2UmsuCG). Organisations still treating NIS2 as a future requirement face immediate regulatory exposure as national competent authorities begin audit and penalty activity.

#nis2 +8