Litigation/Liability Trends
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...
Oct. 1 Credit Card Chip Deadline Moves Liability From Issuers to Merchants
The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their ...
Bayer Prevails in FTC Dietary Supplement Contempt Case
Bayer AG prevailed in a lawsuit filed by the U.S. Federal Trade Commission that accused the drugmaker's U.S. unit of making unsubstantiated claims about a dietary supplement marketed to promote ...
Cyber Security Field Faces Worsening Gender Gap and Workforce Shortage
Women account for just one out of 10 cyber security professionals, as the gender gap widened over two years in a male-dominated field with a drastic workforce shortage, a survey showed. ISC2, the ...
Rig Contractor Transocean Linked to Petrobras Corruption Probe
Transocean Ltd., the world's largest offshore rig contractor, has been linked for the first time to the corruption probe of Petroleo Brasileiro SA, the state-owned energy giant at the center of ...
Sources: Volkswagen Managed Faked Emissions Test Results From Germany
Volkswagen AG executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company's U.S. ...
NSA Chief Questions Viability of Cyber-Weapons Treaty
Achieving a multinational arms-control treaty governing the use of cyber-weapons may be impossible because groups unaffiliated with governments wouldn't honor it, Admiral Michael Rogers, the director ...
Opinion: Putting a Price Tag on Volkswagen’s Emission-Fraud Liability
An $18 billion liability figure attached itself last Friday to Volkswagen's diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a ...