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Key Takeaways

Europe faces fresh disruption to energy supplies due to damage to the CPC pipeline pumping oil from Kazakhstan through Russia. Business activity across the euro zone contracted for a second straight month in August, invoking recession concerns. Indian farmers resume mass protests in New Delhi over price supports. Analysis: The WhatsApp Crackdown: Personal Communication Tools and Compliance Risk.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: The WhatsApp Crackdown: Personal Communication Tools and Compliance Risk

The use of personal messaging apps is now ubiquitous in the workplace. Many employees who believe using encrypted tools such as WhatsApp make the communications “safe” for business are unaware of the associated compliance risks. Fines levied by the US government on banks for violating regulatory requirements is a wake-up call for the financial services industry. Asset managers, law firms or any business that has a legal requirement to log records and protect data and privacy could be in the crosshairs next.

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