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.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
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