Hi All
Anyone contemplating on using WhatsApp within regulated industries, please inform those they could risk a hefty fine!
"Let this be a lesson to anyone who works in a regulated industry, especially finance. JP Morgan Chase has been fined a staggering $280m after employees were found to be conducting official business via WhatsApp. Why is that a problem? Because it puts those conversations out of view of the regulators, which is against the law. Take note.
The eSafety Commissioner has been handed some pretty cool superpowers – from early next year, they can order the likes of Google to delete links to offending content. They can ask internet services to remove or restrict content, and have stores delete apps. Their powers now have global reach, and they can impose penalties of up to $550,000 for failure to comply.
In other news, Australia has a new national AI centre; Tech Council to work closely with ACS; an ethical AI institute has been launched by the expert reportedly fired by Google; Big Tech faces a raft of new regulations in the EU; and ACS announces the finalists in its annual Digital Disruptor Awards. Did you make the cut?
We’ll see you Thursday for our final edition of Information Age for 2021.
Roulla Yiacoumi
and the Information Age team
ia@acs.org.au"
https://ia.acs.org.au/article/2021/jpmorgan-hit-with--280m-fine-for-using-whatsapp.html
Regards
Caute_Cautim
