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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-12-12T20:05:00
A Department of Justice (DOJ) official called the conviction of a former Uber Technologies chief security officer (CSO) on obstruction charges an “outlier” that should not discourage compliance officers from self-reporting violations.
In remarks made Dec. 6 at an American Bankers Association conference, Principal Associate Deputy Attorney General Marshall Miller said the agency’s pursuit of obstruction and concealment charges against former Uber CSO Joseph Sullivan “stemmed from an extreme set of actions that represent an acute outlier from regular compliance practice.”
Some in the compliance and cybersecurity community expressed concern following the October verdict that it could set a new standard for individual liability regarding company data breaches. Miller acknowledged this during his remarks.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
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Full price one year membership with auto-renewal.
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2023-05-05T17:31:00Z By Aaron Nicodemus
The former chief security officer of Uber Technologies was sentenced to probation by a federal court judge as punishment for his involvement in covering up a 2016 data breach that affected 57 million users.
2023-01-31T21:06:00Z By Jeff Dale
Healthcare organizations were under attack more than ever by cybercriminals in 2022, overtaking finance as the most breached industry, according to the latest analysis from Kroll.
2022-10-20T15:07:00Z By Aaron Nicodemus
The case of the Uber chief security officer found guilty by a jury on two felonies for covering up a data breach and misleading federal regulators opens up another potential individual liability issue executives handling cyber incidents face, according to legal experts.
2024-12-20T17:39:00Z By Aaron Nicodemus
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
2024-12-18T18:08:00Z By Adrianne Appel
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
2024-12-17T20:57:00Z By Adrianne Appel
The Securities and Exchange Commission charged bankrupt fashion retailer Express with failing to disclose nearly $1 million in perks to a former chief executive, but did not levy a financial penalty thanks to its cooperation, the SEC said.
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