All Telecommunications articles – Page 2
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News BriefEricsson to pay $207M for breaches of 2019 DPA over FCPA violations
Swedish telecommunications company Ericsson agreed to pay nearly $207 million following two breaches of its 2019 deferred prosecution agreement with U.S. authorities.
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News BriefMarcum partner accused of PCAOB standard violations at FTE Networks
Marcum partner Alan Markowitz was accused of violating standards of the Public Company Accounting Oversight Board when he took a client’s false representations at face value during an audit without seeking more information.
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News BriefEricsson searching for CCO successor amid extended compliance monitorship
Ericsson announced the departure of Chief Compliance Officer Laurie Waddy as the Swedish telecommunications company braces for another year under an independent compliance monitorship.
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News BriefFCC probing T-Mobile after latest cyber incident affects 37M
The Federal Communications Commission launched an investigation into T-Mobile after the telecommunications giant disclosed it suffered yet another significant cybersecurity lapse exposing customer information.
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ArticleDOJ, SEC extend Ericsson compliance monitorship one year
Swedish telecommunications company Ericsson agreed with U.S. authorities on a one-year extension of its independent compliance monitorship after a second breach of its obligations under a deferred prosecution agreement earlier this year.
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Article
VEON adds group diversity and inclusion officer
Dutch telecommunication services company VEON announced Ana de Kok-Reyes will serve in the newly established role of group diversity and inclusion officer.
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ArticleAT&T to pay record $6.25M in Reg FD case
AT&T agreed to pay $6.25 million as part of a settlement with the Securities and Exchange Commission addressing allegations three of its executives fed sensitive financial information to Wall Street research analysts and not investors.
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ArticleAustralia privacy law proposal sets steep penalty mark for breaches
The Australian government is weighing stringent new privacy reforms that would establish among the steepest penalty regimes in the world—up to AUD$50 million (U.S. $33.5 million)—for serious or repeated breaches.
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ArticleAT&T to pay $23M to settle Illinois bribery probe
An Illinois-based subsidiary of AT&T will pay $23 million and revamp its ethics and compliance program following a criminal investigation into bribes the company paid attempting to influence the Illinois state legislature.
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ArticleU.S., U.K. improve anti-corruption coordination with data access agreement
A new agreement will allow law enforcement agencies in the United Kingdom and United States to gain better access to data held by tech and telecommunications firms from the other’s country as part of evidence gathering for complex white-collar crimes.
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ArticleCyber risk management lessons from Optus data breach
The Optus data breach should serve as a reminder for all organizations that cybersecurity incidents are serious business risks that are costly to make right.
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ArticleOptus data breach fallout shows widespread impact of cybercrime
Optus isn’t alone in trying to calm public nerves and find out what happened to cause a breach that exposed the records of 9.8 million current and former customers. Australian government agencies are also attempting to fight fires and reassure citizens their personal info is safe.
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ArticleBIS charges Chinese cable giant with export control violations
The Commerce Department’s Bureau of Industry and Security charged China’s largest cable and wire manufacturer Far East Cable with export control violations related to its alleged dealings with telecommunications company ZTE to circumvent U.S. restrictions against Iran.
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ArticlePwC fined $2.1M for audit failures regarding BT Group fraud disclosures
PwC will pay a reduced fine of 1.75 million pounds (U.S. $2.1 million) as part of sanctions against the Big Four firm for failures in its fiscal year 2017 audit at BT Group after the U.K. telecommunications company adjusted its financials to reflect a fraud scandal in Italy.
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ArticleT-Mobile to create $350M fund to settle 2021 data breach claims
T-Mobile agreed to create a $350 million fund and spend an additional $150 million on improving its data security to settle a class-action lawsuit related to a 2021 hack that exposed the personal information of more than 76 million customers.
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ArticleSEC probing Ericsson over Iraq corruption scandal
The Securities and Exchange Commission opened an investigation into Ericsson following the Swedish telecommunications company’s acknowledgement of evidence of “corruption-related misconduct” that occurred in its Iraq operations.
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ArticleGDPR enforcement roundup: Spain stays on Vodafone, record fine in Poland
Vodafone running up its fine total in Spain and a record-setting action against a marketing firm in Poland highlight a roundup of notable enforcements announced under the General Data Protection Regulation during the first five months of 2022.
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ArticleUkrainian telecom victim of ‘powerful’ cyberattack
Ukrainian telecommunications company Ukrtelecom is in the process of restoring its services after a “powerful” cyberattack wreaked havoc on its operations.
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ArticleJudge ends ZTE probation after 5 years
A U.S. district court judge agreed to end ZTE’s five-year probation following the Chinese telecommunications company’s 2017 guilty plea for violating Iran sanctions.
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ArticleEricsson mum on Iraq misconduct amid ‘comprehensive review’
Ericsson has launched a sweeping review into evidence it uncovered regarding misconduct in Iraq and the subsequent disclosure of those findings after the Department of Justice warned the Swedish telecom of a second breach of its 2019 deferred prosecution agreement.