Latest cybersecurity reporting from selected sources.

Iowa Seeking Civil Monetary Fines, Damages for Alleged ViolationsIowa's state attorney general is seeking financial damages, civil penalties and improvements to UnitedHealth Group's data security practices for alleged violations of state and federal laws and other claims involving the 2024 ransomware attack on its Change Healthcare unit.

HIPAA Settlement Small Compared to Many OthersU.S. federal regulators fined a dental practice software vendor with a seemingly lowball financial penalty for a high-stakes 2020 hack affecting 15 million individuals that the company failed to report. Maryland-based MMG Fusion agreed to $10,000.

Also: npm Packages Infiltrated, FBI Issues Fraud Alert, Campbell's Soup Cans CISOThis week, a recently fixed Oracle flaw is being actively exploited, Shelly tackled Pro 4PM DoS bug, "Shai-Hulud 2.0" hit npm, the FBI warned of rising bank account takeover scams, regulators fined Comcast over a vendor breach, Iberia reported a supplier incident and Campbell's canned its CISO.

Security by Design or Be Fined, Committee SuggestsA U.K. parliamentary committee is recommending a new statute forcing software publishers to hew to secure-by-design principles or else face financial penalties. The committee called for "enforcement agencies" empowered to levy fines to monitor industry for compliance.

Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada's anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus's Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there.

Also: CISA Warns of Unpatched Train Brake VulnerabilityThis week: Louis Vuitton and Co-op confirm breaches, unpatched train brake flaw, Barclays fined £42M pounds for financial crime failures, secret U.K. program relocated thousands of Afghans, ex-soldier pleads guilty to hacking, Ukrainian hackers claim hit on Russian drone supplier.

Apple has been hit with a fine of €150 million ($162 million) by France's competition watchdog over the implementation of its App Tracking Transparency (ATT) privacy framework

FIs Expected to Move from Periodic Reviews to Perpetual KYCBanks are struggling to keep up with evolving KYC expectations. Despite efforts to modernize, outdated processes continue to leave compliance gaps, leading to increased regulatory action. Penalties for financial institutions surged with KYC-related fines more than doubling to $51 million.

Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Threads, has been fined €251 million (around $263 million) for a 2018 data breach that impacted millions of users in the bloc, in what's the latest financial hit the company has taken for flouting stringent privacy laws

Inmediata Health Group Has Paid $2.7M in Fines, Civil Claims for 2019 HIPAA BreachA breach that exposed the personal information of nearly 1.6 million patients of a Puerto Rico-based clearinghouse has led to a $250,000 financial settlement with federal regulations for multiple HIPAA violations. The 2019 leak has cost Inmediata Health $2.7 million in fines and civil settlements.

Trapets CEO Gabriella Bussien on Why Banks Need to Fine-Tune, Automate KYC ProcessesKYC protocols traditionally focus on account-level verification, but examining KYC at the product level can help banks assess risk more accurately. Asking targeted questions based on product risk enables institutions to detect potential financial crimes, said Gabriella Bussien, CEO of Trapets.

Intercontinental Exchange's Q1 revenue exceeded $1B – that'll sure teach 'em The New York Stock Exchange's parent company has just been hit with a $10 million fine for failing to properly inform the Securities and Exchange Commission (SEC) of a 2021 cyber intrusion. …

Also: $45M Hedgey Hack, El Salvador's Compromised Wallet, OneCoin CaseThis week, Samourai Wallet co-founder was arrested, a $45M hack hit Hedgey Finance, El Salvador wallet data leaked, another was charged in the OneCoin case, the SEC wants to fine Terraform Labs, prosecutors want a three-year prison term for CZ, and Thailand cracked down on unauthorized operators.

It's all very well offering 'Free Debt Help,' but recipients were unwilling, says watchdog... A financial services company that illegally dispatched tens of thousands of spam messages promising to help the recipients magically wipe away their debts is itself now a debtor to the UK’s data regulator.…

The text messages threaten fines if the victims don't provide personal and financial details.

Chief quits, pays own penalty after helping crooks launder cash, aiding sanctions evaders The world's largest cryptocurrency exchange just got a little smaller, with the US Department of Justice announcing Binance and its CEO Changpeng Zhao have both pleaded guilty to a multitude of financial crimes. As a result Binance will fork out $10 billion to Uncle Sam in fines and settlements.…

Not quite a pound for every one of the 13.8 million affected UK citizens, and it could have been more The UK's Financial Conduct Authority (FCA) has fined Equifax a smidge over £11 million ($13.6 million) for severe failings that put millions of consumers at risk of financial crime.…

Kenyan data protection regulator issues monetary penalties to multiple firms for improper handling of personal data.

Fined $4m for mess, for which it blames unnamed archiving vendor's retention settings JP Morgan has been fined $4 million by the US Securities and Exchange Commission (SEC) for deleting millions of email records dating from 2018 relating to its Chase Bank subsidiary.…

Crown Glazing and Maxen Power Supply fall foul of PECR Britain's data watchdog has slapped a financial penalty on two energy companies it claims were posing as third parties, including the National Grid and UK government, when making unsolicited marketing calls.…