Litigation/Liability Trends
Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways
Nearly 30 years ago the Fair Isaac Corporation ("FICO") first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market ...
Report: CFPB Pulls Back on Equifax Data Breach Probe
Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to ...
Israeli Venture Capitalist Calls for Middle East Cyber Defense Alliance
Middle Eastern countries facing potential cyber attacks from Iran should form a Euro-Med alliance to protect their assets and people, said Erel Margalit, venture capitalist and former member of the ...
Morgan Stanley Struck With New Lawsuit Alleging Persistent Racial Bias
Morgan Stanley has reneged on promises to stop discriminating against black employees, according to a lawsuit by a former broker who said he was fired after complaining about racial bias, including ...
French Dairy Company Scandal Over Contaminated Baby Milk Goes Global; Multiple Lawsuits Likely
French dairy group Lactalis could have been producing salmonella-tainted baby milk since 2005, its chief executive was quoted as saying on Thursday, adding the growing crisis was likely to cost the ...
Amtrak Train With GOP Lawmakers in Tow Strikes Truck at Crossing, Killing Motorist
An Amtrak train carrying Republican members of Congress to a party retreat Wednesday struck a garbage truck outside Charlottesville, Virginia, killing one person on the truck. At least one other ...
‘Jackpotting’ Hackers Pilfered $1M-Plus From U.S. ATMs: Secret Service
A coordinated group of hackers likely tied to international criminal syndicates has pilfered more than $1 million by hijacking ATM machines across the United States and forcing them to spit out bills ...
Lawsuits Involving U.S. Securities Class Actions Soar in 2017, Topping One Per Day
The number of class action lawsuits in the United States accusing companies of fraud and other securities law violations soared in 2017, topping one a day even as the value of settlements plunged, a ...