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Lululemon Fined $702,900 for Spam Email Violations
The Australian Communications and Media Authority (ACMA) has penalised Lululemon Athletica Australia Pty Ltd $702,900 for sending over 370,000 spam emails that failed to include an unsubscribe option. The company also entered into a court-enforceable undertaking to improve compliance.
Lycamobile Pays $376,200 Penalty for Identity Verification Failures
The Australian Communications and Media Authority (ACMA) has fined Lycamobile Pty Ltd $376,200 for 131 breaches of anti-scam rules related to identity verification failures during mobile number transfers. The company has also entered into an 18-month court-enforceable undertaking to improve its security arrangements.
PRA Fines UK Insurance Limited £10,625,000 for Solvency II Miscalculation
The Prudential Regulation Authority (PRA) has fined UK Insurance Limited (UKI Limited) £10,625,000 for miscalculating its Solvency II balance sheet during 2023-2024, leading to an overstatement of solvency. This is the first enforcement action where the PRA's Early Account Scheme was utilized.
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