brand damage News

BA’s Massive IT Failure Caused by Power Surge; Brand Damage Admitted

A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday. BA, part of airline group IAG, is seeking to limit the …

Horsemeat Blame Game Ricochets across Europe

Accusations, denials and threats to sue reverberated around Europe on Friday as meat traders, food processors, retailers and governments all rejected blame for horsemeat found in ever more beef dishes across the continent. In France, wholesalers and officials traded grievances, …

In Abrupt Turnaround, Olympus Admits It Hid Losses for Decades

Japan’s Olympus admitted on Tuesday it had hidden losses on securities investments dating back to the 1980s, succumbing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The …

Aon, Zurich Launch Innovative $100 Million Reputational Risk Coverage

A company’s reputation often constitutes one of its most valuable assets; however, as the damage to value, as well, as the nature of the risks that may cause it, are hard to calculate, obtaining coverage has been a complex process. …