- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2020-08-21T15:01:00
Uber’s former security chief has been charged in connection with an alleged cover-up of a 2016 data breach that compromised millions of people’s personally identifiable information.
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Joseph Sullivan, the former chief security officer of Uber Technologies, was found guilty of two felonies connected to allegations he covered up a massive data breach at the ridesharing company and misled federal regulators about Uber’s response.
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.
As a cyber-security tool, companies are turning to outsiders to hunt down software and security flaws. The concern is that bug bounties may become excessive or reward illegal activity.
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle’s network and causing customers to lose $870 million, the CFPB alleged.
