Recent report showed authorized products may have surveilled and harvested personal data. Governments of 49 of the world’s most populous countries harmed children’s rights by endorsing online learning products during Covid-19 school closures without adequately protecting children’s privacy, Human Rights Watch said in a recently released report. The report, How…
Read MoreDay: May 31, 2022
Modernizing the international payment system
Securing an international monetary system fit for the digital age. The system of rules, mechanisms, and institutions that govern monetary arrangements and capital flows between countries has developed over the decades. And to continue promoting financial stability and economic development everywhere, it must continue to evolve and adapt in a rapidly…
Read MoreMastercard in court for alleged misuse of market power over card payments
Alleged anti-competitive conduct commenced in late 2017. The ACCC has instituted proceedings in the Federal Court against Mastercard Asia/Pacific Pte Ltd and Mastercard Asia/Pacific (Australia) Pty Ltd (together, Mastercard), for allegedly engaging in conduct with the purpose of substantially lessening competition in the supply of debit card acceptance services. Mastercard’s…
Read MoreMAS and Switzerland promote data connectivity for fintechs
Both organisations aim to promote consumer-focused, innovative, integrated and efficient global financial markets. In recognition of the importance of data connectivity in financial services, the Swiss State Secretariat for International Finance (“SIF”) and The Monetary Authority of Singapore (“MAS”) have agreed on and jointly issue the following statement of intent:…
Read MoreViettel doubles down on ransomeware protection
Object Lock enables users to create an immutable data backup copy. Vietnamese telco Viettel IDC has deployed Cloudian’s HyperStore object storage as the foundation for its storage service offerings, including Storage-as-a-Service, Backup-as-a-Service and Disaster Recovery-as-a-Service. These services will bring the benefits of HyperStore’s public cloud-like flexibility, limitless scalability and fully…
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