Articles by Karen Freifeld

U.S. Fights Cyber Attacks by Blacklisting, Sanctioning Russian Tech Firms

The United States on Friday took a new stab at Russia’s cybersecurity industry, restricting trade with four information technology firms and two other entities over “aggressive and harmful” activities – including digital espionage – that Washington blames on the Russian …

Judge Dismisses Texas Hospital Workers’ Suit Challenging Covid Vaccine Mandate

A U.S. federal judge has dismissed a lawsuit brought by 117 workers at a Texas hospital over its requirement that they be vaccinated against COVID-19. U.S. District Judge Lynn Hughes upheld Houston Methodist Hospital’s policy mandating employees be vaccinated, in …

Manhattan District Attorney Says Trump Probe Includes Alleged Insurance, Bank Fraud

Manhattan’s district attorney on Monday suggested a grand jury subpoena for U.S. President Donald Trump’s tax returns was part of an investigation of “possibly extensive and protracted criminal conduct at the Trump Organization,” including alleged insurance and bank fraud. Manhattan …

3 Ukrainians Arrested for Costly Cyber Attacks on U.S. Firms: Justice Department

Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged …

Judge Nixes Bid to Halt Federal Charters for Fintech Firms as Premature

A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York’s banking regulator against the U.S. Comptroller of the Currency (OCC) over its proposal to offer charters that would let online lenders and other so-called “fintech” companies do …

New York Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance

New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. The New …

Judge to Hear Objection to Trump University’s $25 Million Settlement

A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student …

New York State Finalizes First-in-Nation Cyber Security Regulation

New York state announced a final cyber security regulation on Thursday with mandatory standards for banks and insurers to combat the ever-increasing risk of cyber attacks. The regulation, which takes effect March 1, follows a series of high-profile data breaches …

U.S. and New York Accuse Firm of Scamming 9/11 Heroes, NFL Retirees

A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming sick responders to the Sept. 11, 2001 attacks, as well as National Football League retirees with brain injuries. RD Legal …

Credit Suisse Facing $5-$7 Billion Penalty by U.S. for Toxic Mortgage Securities

The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge …