- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-06T20:46:00
A unit of telecommunications giant Verizon agreed to pay approximately $4.1 million to settle allegations levied by the Department of Justice (DOJ) regarding false claims caused by failure to fully implement cybersecurity controls required of a government contractor.
Verizon Business Network Services violated the False Claims Act when it “failed to completely satisfy certain cybersecurity controls in connection with an information technology service provided to federal agencies,” the DOJ said in a press release Tuesday.
Of the total Verizon agreed to pay, approximately $2.7 million is restitution, according to the settlement agreement.
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2024-05-02T19:03:00Z By Jeff Dale
Atlanta-based staffing agency Insight Global agreed to pay $2.7 million to settle alleged False Claims Act violations for failing to provide adequate cybersecurity on Covid-19 contract tracing data.
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Cooperation between businesses and the new cybersecurity section at the Department of Justice has led to the successful defanging of numerous, major ransomware operations worldwide in just the few months since its creation, according to its chief.
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The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
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The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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