Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology service it provided to federal agencies. The settlement with …
A former Verizon New York employee who allegedly lied to doctors about arm injuries to obtain more than $19,000 in workers’ compensation benefits has been arrested. This comes after surveillance videos showed her exercising and lifting weights despite her claims …
The family of a woman who was paralyzed when she was struck by a falling telephone pole as she waited for a bus is to receive $125 million to settle a lawsuit against Verizon. Maria Meister was commuting from Union …
Although businesses are increasingly at risk for cyber attacks on their mobile devices, many aren’t taking steps to protect smartphones and tablets. That’s one of the conclusions of a report on mobile security released last week by Verizon, which found …
A Federal Communications Commission report says wireless carriers’ poor preparation and coordination lengthened communication outages in the Florida Panhandle after Hurricane Michael. The Panama City News Herald reports that the FCC report made several recommendations for improvement in the future, …
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British hospitals to turn away patients and breached systems at Spain’s Telefonica SA …
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …
Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …
The University of Minnesota sued the four largest wireless carriers in the United States over alleged patent infringement. Complaints filed in U.S. District Court in Minnesota contend that AT&T, Sprint, T-Mobile and Verizon are illegally using technology developed by a …
New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon Communications Inc. The new captive, called Exchange Indemnity Company New Jersey (EICNJ), is a subsidiary of Verizon and the first captive …
