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.
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.
2025-11-13T20:34:00Z By Jaclyn Jaeger
The DOJ dropped a June 2024 indictment against a Cassava Sciences advisor, closing a case tied to an alleged short-selling scheme and related government probes. The case was criticized for fundamental flaws in evidence and legal procedures.
2025-11-10T21:16:00Z By Adrianne Appel
The former U.S. chief compliance officer of hedge fund firm Capula Investment Management has blown the whistle against his former employer, alleging he was terminated for raising concerns about improper expensing practices.
2025-11-07T22:18:00Z By Adrianne Appel
First Trust Portfolios has been fined $10 million by FINRA for allegedly providing excessive meals, gifts, and other incentives to broker-dealers.
Site powered by Webvision Cloud