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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-12-19T18:25:00
The European Central Bank (ECB) fined Spanish bank Abanca 3.145 million euros (U.S. $3.3 million) after it “knowingly failed” to report a major cyber breach within the prescribed two-hour time limit.
In February 2019, Abanca was targeted by a cyberattack that infected its IT systems with malicious software. The bank was forced to suspend payments through its internet and mobile banking services, cash machines, and SWIFT (Society for Worldwide Interbank Financial Telecommunications) payment services.
None of the bank’s customers suffered financial loss because of the breach.
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2024-07-19T18:32:00Z By Adrianne Appel
DaVita, a multi-state dialysis provider, agreed to pay more than $34 million to resolve allegations it engaged in numerous kickback schemes to doctors who referred Medicare patients to its dialysis centers, the Department of Justice announced.
2024-07-19T16:20:00Z By Aaron Nicodemus
A whistleblower will be paid $37 million by the Securities and Exchange Commission for providing original, credible information that led to a successful enforcement action.
2024-07-18T20:39:00Z By Aaron Nicodemus
The U.K.’s Financial Conduct Authority asked banks and financial institutions “to do more” to ensure that U.K lawmakers and their families are not treated unfairly.
2024-07-18T20:20:00Z By Adrianne Appel
A multi-state hospice home health provider agreed to pay $19.4 million to settle allegations that it paid kickbacks and knowingly billed federal health programs to treat non-terminally ill patients.
2024-07-17T20:37:00Z By Jeff Dale
California-based cancer testing company Guardant Health agreed to pay more than $945,000 to settle allegations levied by the Department of Justice of violating the False Claims Act and Stark Law.
2024-07-17T15:39:00Z By Aaron Nicodemus
FTX Trading and the Commodity Futures Trading Commission have agreed on a $4 billion settlement in bankruptcy court to settle the CFTC’s lawsuit against the failed crypto trading platform.
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