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Week of January 15, 2024
Here are the main industry highlights of this week.
➡ Innovation and New Technology Developments
Meta Strengthens Content Restrictions for Teens with Focus on Age Assurance
Meta is doubling down on its age assurance efforts and seeking to increase the safety of teenage users across its platforms. The new content limitations, which will be automatically applied to teen accounts in the coming weeks, are intended to safeguard users under the age of 18 from hazardous content such as self-harm, graphic violence, and eating disorders.
Meta Strengthens Content Restrictions for Teens with Focus on Age Assurance
The government prioritizes enterprise support, establishing a Digital Portal and allocating €85 million for digital transition. By 2030, public service digitalization aims to achieve 80% MyGovID usage.
➡ Investments and Partnerships
Bain Capital and Hellman & Friedman Vie for DocuSign Takeover in Potential 2024’s Mega Leveraged Buyout
Private equity firms Bain Capital and Hellman & Friedman are reportedly competing to acquire DocuSign, the online signature services provider, in a deal that could be one of the largest leveraged buyouts of 2024. While the firms are not currently partners, there is a possibility of collaboration in the future.
Bain Capital and Hellman & Friedman Vie for DocuSign Takeover in Potential 2024’s Mega Leveraged Buyout
The acquisition aims to integrate PingSafe’s cloud-native application protection platform with SentinelOne’s cloud workload security and data security capabilities. This integration will provide companies with a unified security platform for comprehensive cloud security management.
Encompass Corporation Expands KYC Solutions with Acquisition of CoorpID and Blacksmith KYC from ING
Adding Blacksmith KYC further enhances Encompass’s capabilities by enabling banks to tailor their Customer Due Diligence (CDD) requirements.
TPG’s $228 Million Investment in Sayari Labs to Boost AI-Powered Supply Chain Intelligence
The partnership aims to support Sayari’s global expansion and launch a new supply chain illumination platform leveraging artificial intelligence. Sayari, founded in 2015, integrates global corporate and supply chain data to offer risk insights for investigations and supply chain risk management.
ID.me and OtisHealth Join Forces to Enhance Healthcare Data Access through TEFCA-Qualified Networks
The collaboration introduces Individual Access Services (IAS), a patient application that allows secure access to clinical records with a single request. This is a step forward in healthcare, as patients will now have direct access to their health data via a secure digital authentication and data exchange.
➡ Legal and Regulatory
SAP SE Settles U.S. and South African Bribery Probes for $220 Million
The company entered a three-year deferred prosecution agreement to resolve criminal charges of bribing government officials in Indonesia and South Africa. The settlement, marking the second coordinated resolution with South African authorities in just over a year, reflects SAP’s acknowledgment of corrupt practices, with Q4 earnings results set for release on January 24, 2024.
FTC Bans Rite Aid from AI Facial Recognition Use for Five Years Following Consumer Harm Complaints and Racial Bias Concerns
The FTC filed a complaint, stating that Rite Aid failed to take reasonable measures to prevent harm to consumers falsely accused of wrongdoing due to the technology’s inaccuracies.
Critical Vulnerabilities in WordPress Plugin Put Over 150,000 Sites at Risk
Security researchers at Wordfence have uncovered two critical vulnerabilities in the widely-used POST-SMTP Mailer plugin for WordPress, putting over 150,000 sites at risk. The flaws allowed attackers to reset the plugin’s authentication API key and inject malicious scripts into web pages.
HelloFresh Faces £140,000 Fine for Overwhelming Consumers with 80 Million Spam Messages
The UK’s privacy regulator, the Information Commissioner’s Office (ICO), has imposed a £140,000 fine on HelloFresh for inundating consumers with 80 million spam messages.
