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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-01-19T13:44:00
The Securities and Exchange Commission (SEC) asked a federal court to force Covington & Burling to comply with a subpoena seeking the law firm turn over names of about 300 clients impacted by a 2020 cyberattack.
The SEC announced Jan. 12 it filed an application to the U.S. District Court for the District of Columbia for the court to order Covington to show cause as to why it should not be compelled to comply with the agency’s subpoena, which relates to the Microsoft Hafnium cyberattack.
Microsoft announced in March 2021 some of its programs were vulnerable to hacking and that a China-based group, Hafnium, exploited the weaknesses at government agencies, businesses, and schools globally. On March 16, 2021, the SEC announced it was launching an investigation about the impact of the attack on publicly traded companies.
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News and analysis for the well-informed compliance or audit exec.
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2023-08-04T18:01:00Z By Adrianne Appel
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission.
2023-04-27T18:43:00Z By Aaron Nicodemus
The protection of customer personal data by branch offices of broker-dealers and investment advisers should be just as robust—and as well-coordinated—as protocols used by the firm’s home office, according to the Securities and Exchange Commission.
2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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