All articles by Jeff Dale – Page 14
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Article
Meta to pay $725M to settle privacy class-action lawsuit
Meta, the parent company of Facebook, agreed to pay $725 million to settle a class-action lawsuit accusing the social media giant of selling data to third parties without users’ consent.
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ArticleGoogle to pay record $391.5M in settlement with states over location tracking
Google agreed to pay $391.5 million to settle charges it misled millions of users regarding a setting that tracked location data without their knowledge, according to an agreement the company reached with a coalition of 40 state attorneys general.
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ArticleWells Fargo names diversity head as probes mount
Wells Fargo announced the appointment of Kristy Fercho as head of diverse segments, representation, and inclusion. She takes up the role as the Department of Justice and Securities and Exchange Commission investigate the bank’s diversity hiring practices.
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PremiumESG Summit: Adapting businesses should look beyond what is financially material
Christopher Geiger, vice president of internal audit and enterprise risk at Lockheed Martin, explained how businesses must form resilience as they prepare for future risks regarding environmental, social, and governance during CW’s virtual ESG Summit.
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PremiumESG Summit: Holistic approach to supply chain risk an ‘investment differentiator’
Two experts explained how the C-suite as a whole—not just compliance officers—should be focused on the holistic approach to supply chain risk management during a session at CW’s virtual ESG Summit.
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Article
Sparkster to pay $35M for selling unregistered crypto securities
Software development company Sparkster and its CEO Sajjad Daya agreed to collectively pay more than $35 million for the offer and sale of unregistered crypto securities.
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ArticleNAVEX survey: Remote work, whistleblower trends to test speak-up cultures
Maintaining a speak-up culture requires increased attention from businesses with many employees still working remote, putting more of an onus on the reporting function, according to the latest NAVEX study.
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ArticleReports: Ex-AB InBev compliance exec to join DOJ’s Fraud Section
Matt Galvin, the former head of compliance at macro brewer Anheuser-Busch InBev, has been tapped by the Department of Justice to join its Fraud Section as a compliance and data analytics counsel, according to multiple reports.
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ArticleTaronis Fuels to pay $5.1M in SEC fraud settlement
Industrial gas and water products manufacturer Taronis Fuels agreed to pay $5.1 million to settle fraud charges levied by the Securities and Exchange Commission.
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ArticleSEC censures Farber Hass Hurley over accounting exam deficiencies
California-based accounting firm Farber Hass Hurley and two of its partners settled charges with the Securities and Exchange Commission alleging “repeated failures” in conducting custody examinations for two SEC-registered investment advisers.
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ArticleJudge OKs Robinhood $20M data breach settlement
Online stock trading platform and broker-dealer Robinhood Financial moved closer to paying $20 million as part of a class-action settlement with thousands of customers whose accounts were allegedly accessed by unauthorized users.
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ArticleSnap agrees to $35M settlement in Illinois biometric data lawsuit
Social media company Snap reached a $35 million settlement in principle to resolve an Illinois class-action lawsuit alleging violations of the state’s Biometric Information Privacy Act through the collection of “facial biometric identifiers” without users’ consent.
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ArticleGenesis shakes up compliance leadership amid layoffs, CEO departure
Crypto broker Genesis Global Trading announced Chief Executive Michael Moro is stepping down as the company shakes up its leadership following layoffs totaling 20 percent of its 260-person workforce.
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ArticleIFP Advisors fined $400K for supervision failures in ex-rep’s ‘cherry-picking’ scheme
The Securities and Exchange Commission settled charges against Florida-based investment adviser IFP Advisors and its former representative relating to a multiyear “cherry-picking” scheme.
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ArticleEx-JPMorgan traders found guilty in spoofing case
Gregg Smith and Michael Nowak, former precious metals traders at JPMorgan Chase, were found guilty of fraud, attempted price manipulation, and spoofing as part of a near decade-long market manipulation scheme involving thousands of illegal trades.
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ArticleWells Fargo confirms DOJ probe into diversity hiring practices
Wells Fargo disclosed in a regulatory filing the Department of Justice has opened an investigation into the bank’s “hiring practices related to diversity.”
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ArticleIBM report: Data breach costs up, contributing to inflation
The global average cost to mitigate cybersecurity issues resulting from a data breach increased to an all-time high of $4.35 million and could be contributing to current inflation trends, according to the latest annual report from IBM.
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ArticleWawa to pay states $8M for data security failures in 2019 breach
East Coast convenience store chain Wawa agreed to pay $8 million in a settlement with a coalition of seven attorneys general over its 2019 data breach that exposed the debit and credit card information of approximately 34 million payment cards.
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ArticleUber admits 2016 data breach cover-up in deal with DOJ
Ridesharing company Uber reached a nonprosecution agreement with the Department of Justice to resolve a criminal investigation into its 2016 data breach and subsequent cover-up.
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ArticleChinese regulator fines Didi $1.2B for data security violations
The Cyberspace Administration of China levied fines of more than ¥8 billion (U.S. $1.2 billion) against ridesharing platform Didi Global and ¥1 million (U.S. $148,000) against two company executives for violating the country’s data security regulations.