News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-10-20T15:07:00
Do compliance officers need to worry about individual liability regarding data breaches? Yes, said two former federal prosecutors.
Compliance officers have many concerns. They fret about whether their firm’s internal controls are working properly to prevent fraud and other misconduct. They wonder whether their fellow employees, despite regular training and reminders, understand those controls and apply them properly. And they hope they will have the genuine and unqualified support of their firm’s senior management should things go sideways.
The case of the Uber chief security officer found guilty by a jury earlier this month on two felonies for covering up a massive data breach and misleading federal regulators opens up another potential individual liability issue executives handling cyber incidents face, according to legal experts.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
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.
2023-02-02T19:21:00Z By Aaron Nicodemus
Is the Department of Justice’s focus on individual accountability in white-collar crime cases encouraging companies to scapegoat their employees? A recent court filing in a $6 billion corporate fraud case could give company officers some sleepless nights.
2022-12-12T20:05:00Z By Aaron Nicodemus
Principal Associate Deputy Attorney General Marshall Miller called the conviction of a former Uber Technologies chief security officer on obstruction charges an “outlier” that should not discourage compliance officers from self-reporting violations.
2024-06-27T16:37:00Z By Aaron Nicodemus
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
2024-05-21T19:27:00Z By Adrianne Appel
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
2024-05-07T21:21:00Z By Adrianne Appel
Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.
Site powered by Webvision Cloud