reputational damage News

Former County Commissioner in Oregon Counter Sues in Marijuana Case

A former Jackson County commissioner accused in a lawsuit of bilking investors to finance a pot shop has filed a counterclaim. Doug Breidenthal filed the lawsuit contending his professional reputation has been damaged, the Mail Tribune reported. “As a result …

UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte

Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event …

Germany’s Cyber Security Watchdog Urges Yahoo Users to Switch Email Providers

Germany’s cyber security authority, the Federal Office for Information Security (BSI), criticized Yahoo on Thursday for failing to adopt adequate encryption techniques to protect its users’ personal data. The BSI also advised German consumers to consider switching to alternatives for …

Cyber Risk Awareness Rises Among SMEs: Zurich Survey

One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized businesses. At the same time, …

UK Banks Reluctant to Report Extent of Relentless Cyber Attacks

Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial institutions in Britain have risen from just 5 …

Samsung’s Smartphone Recall Is Big But Far From Worst in History

Samsung Electronics Co.’s recall of its fire-prone Galaxy Note 7 smartphone will be one of the biggest recalls ever in the technology industry. The South Korean conglomerate pulled the plug on the entire product line and slashed its third-quarter profit …

Hiscox Launches Crime Cover to Protect UK & Irish SMEs Against Fraud

Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external parties. Designed to complement other commercial …

Revised CDC Report Claims Higher Cancer Risk for Lumber Liquidators’ Flooring

Lumber Liquidators Holdings Inc. flooring, tested for formaldehyde, was found to have a three times higher risk of causing cancer than previously stated, U.S. regulators said in reversing their own finding from earlier this month. A report released Feb. 10 …

Cyber Attack on Britain’s TalkTalk Telecom Cost $115M and 101,000 Customers

A cyber attack on Britain’s TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions. Chief Executive Dido Harding went on television and radio …

VW Engineers Admit Rigging CO2 Emissions over Job Fears: Report

Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, reported Bild am Sonntag, the Berlin-based newspaper. The paper said VW engineers tampered with tire pressure and …