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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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News and analysis for the well-informed compliance or audit exec.
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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.
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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