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As the world moves on from the Covid-19 pandemic, the shift to living and working more online is proving permanent, bringing a sustained greater risk of cybercrime, not least ransomware attacks. The risk has been recognised by the US Securities & Exchange Commission (SEC) on March 9 proposing mandatory cybersecurity disclosure for public companies, with standardised cybersecurity risk management, strategy, governance, and incident reporting. …

The Ukrainian cosmetics industry has been hit hard by Russia’s invasion, forcing many producers to halt production and close their businesses. The country’s personal care products market had been projected to generate USD2. 9 billion in sales during 2022 by data service Statista (1) and has been steadily growing year on year.…

With fraud levels booming – a PwC report released last May (2021) said 47% of more than 5,000 interviewees’ companies suffered an average of six frauds in the previous two years – anti-fraud professional salaries are growing. (1)

The Association of Certified Fraud Examiners (ACFE) will release its next anti-fraud sector salary survey in the summer, but Mason Wilder, an ACFE research specialist confirmed pay is “going up – as are most wages and salaries in professional fields”.…

NEW Zealand’s butter industry is thriving, despite the disruption of Covid-19 and now Russia’s invasion of Ukraine, with strong export demand particularly from China but also from other markets worldwide, especially in the ASEAN (Association of Southeast Asian Nations) bloc. Major exporter Fonterra is also looking ahead to a world that increasingly cracks down on carbon emissions, introducing the first carbon-zero certified organic butter made in NZ, reflecting how consumers are seeking more sustainability in their food purchases.…

A lack of renewable energy industry cybersecurity standards has seen green power producers “fly under the radar of regulation” when developing their systems and technologies, a senior US cyber-security consultant, and other industry experts, are warning. Peter Lund, CTO of Industrial Defender, a cybersecurity solutions provider for major utility and energy companies based in Massachusetts, USA, said these failings need addressing to avoid catastrophic outages, increased consumer costs or even crippled economies, as renewable energy becomes ever more important in power generation mixes.…

CRIMINALS are using the war in Ukraine for criminal gain, exploiting financial vulnerability and an overstretched national police to profit from human misery. While the smoke has yet to clear, Ukrainian officials are already beginning to report increases in smuggling, scams, and fraud. …

The Global Reporting Initiative (GRI) has taken a stand against the Russian invasion of Ukraine, stressing that alongside the human cost (596 civilians have been killed, said the UN by March 14), the military action threatens sustainable development. “A shared belief in our common humanity” is needed to tackle the Covid-19 pandemic, climate change and commit to UN sustainable development goals, said GRI CEO Eelco van der Enden: “Without a return to peace, the sustainability implications for Ukraine, the wider region and around the world, could be far-reaching.”…

A new Chinese standard aimed at controlling excessive packaging that comes into force September 2023 will be painful for the cosmetics sector in the short-term but promote sustainability in the long run, say analysts.

China’s State Administration for Market Regulation’s China GB 23350-2021 ‘Requirements of Restricting Excessive Package–Foods and Cosmetics’, announced September 2021, (http://www.gov.cn/xinwen/2021-09/03/content_5635105.htm)…

The Tunisian food sector is showing how an industry can leverage traditional halal practices in the domestic market to generate certification that enables its products to be exported to Muslim-majority markets worldwide.

“When we say a food product is halal and it is not haram (religiously forbidden), that does not just mean the absence of alcohol and pork, but also, and most importantly, it is halal because it does not harm the health of its consumers,” said Nawel Jebali, senior technician for the halal sector at Tunisian standards organisation, INNORPI (Institut National de la Normalisation et de la Propriété Industrielle), which issues renewable three-year halal certificates in the country.…

FATF has agreed reforms to its Recommendation 24 on beneficial ownership, insisting that governments ensure UBO data is henceforth held by a public authority or central beneficial ownership registry. The changes agreed by FATF’s plenary last week also insist that competent authorities can rapidly and efficiently access UBO information.…