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.
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.
2024-01-24T23:23:00Z By Adrianne Appel
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.
2024-01-22T16:00:00Z By Kyle Brasseur
Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
2025-08-25T20:49:00Z By Adrianne Appel
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
2025-08-25T15:51:00Z By Adrianne Appel
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice.
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