Insurance firms fingered for ‘buyer power’ abuses
Kenya’s Competition Authority (KCA) has named the insurance industry as the top abuser of buyer power accounting for 72% of all cases investigated by the authority. CapitalFM reports that this is an increase from the 44% rate reported in FY 2020/21 with delayed payment and unilateral change of contract ...
Cybersecurity, privacy, data and regulatory compliance rank as top IT audit risks
A new survey conducted by Protiviti and ISACA found that cybersecurity is the chief risk for IT audit departments, with several related risks such as privacy and data as well as regulatory compliance also ranking as top concerns.
Responses to this year's edition of the annual technology and audit ...
Tether releases crypto token tied to UK pound
Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins. A Tech Central report notes that the GBPT token will be available to trade on the ethereum blockchain from early July, the group said. Stablecoins are one of ...
In brief – Samsung Australia and MTN fined for misleading customers