“Fortnite” Maker Epic Games to Settle Alleged Privacy Violation for $520M December 19, 2022 “Fortnite” creator Epic Games will pay $520 million to settle allegations that it illegally collected children’s personal information and tricked...
CyberCube Gets $50M in Financing for Cyber Risk Analytics December 19, 2022 CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts December 19, 2022 By Noor Zainab Hussain and Carolyn Cohn Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and...
Citi, Revlon Lenders Reach Deal Over $500M Accidental Payment December 19, 2022 Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan,...
Hacker Claims Breach of FBI’s Critical-Infrastructure Portal December 16, 2022 By Frank Bajak A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more...
Financial Stress Harming Workers’ Mental Health: The Hartford December 16, 2022 New research by The Hartford finds 63% of U.S. workers feel their financial stress has increased over the past year,...
People Moves: EMC Appoints Pulkstenis CUO; 2 Senior Hires at Cover Whale December 16, 2022 EMC Appoints Eduard Pulkstenis SVP, Chief Underwriting Officer EMC Insurance Companies has named Eduard Pulkstenis as senior vice president –...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling December 16, 2022 By Chad Hemenway State Farm’s claims handling process is the subject of a new lawsuit alleging disparities between the insurer’s treatment of claims...
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles December 16, 2022 By David Shepardson U.S. auto safety regulators said Friday they have opened a formal safety probe into the autonomous driving system in vehicles...
Twitter Must Notify Laid-Off Workers of Pending Lawsuit, Judge Rules December 16, 2022 By Daniel Wiessner Twitter Inc must notify the thousands of workers who were laid off after its acquisition by Elon Musk of a...