Articles by Sarah N. Lynch

More Big Corporate Settlements Coming, Says Departing Justice Dept Official

As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will leave behind a flurry of major corporate settlements that he told Reuters in an exit interview will hit federal court …

BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges

A subsidiary of BP will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice …

U.S. Announces it Will Stem SVB Fallout, Customers to Have Deposit Access

Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of the …

U.S. Says It ‘Hacked the Hackers’ to Bring Down Hive Ransomware Gang

The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 …

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to …

FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat

Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The …

Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery

U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired with the unsealing of criminal charges …

Couple Accused of Laundering $4.5B in Bitcoin Tied to 2016 Hack

The U.S. Justice Department said on Tuesday it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex and arresting a husband-and-wife team on money laundering charges. …

‘We Cannot Do This Alone.’ Biden Cyber Crime Fighter Seeks Corporate Help.

U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. “We cannot do this alone,” Monaco said on Wednesday during a virtual roundtable on …

Facebook Hits Back Against Biden Team Blaming It for Vaccine Misinformation

U.S. Surgeon General Vivek Murthy stood by federal guidance that those fully vaccinated against COVID-19 no longer needed to wear masks, while blaming social media companies for fueling vaccine misinformation. Murthy told CNN’s “State of the Union” that allowing vaccinated …