SEC accuses SolarWinds of fraud by concealing poor security
The US financial regulator, SEC, has charged software specialist SolarWinds and its CISO with fraud against shareholders. This is for concealing the company's poor cybersecurity leading up to the SUNBURST supply-chain attack in December 2020.
The SEC recently charged SolarWinds and its CISO Tim... Read more
European Commission accuses Meta of abuse of power
The European Commission alleges that Meta is abusing Facebook's popularity to gain customers for Facebook Marketplace. The regulator warns that possible fines could amount to billions of euros.
The European Union enforces strict market rules. Large companies like Meta and Microsoft face restrict... Read more
Amazon escapes €1.1 billion fine
Amazon escaped a €1.1 billion fine for abuse of power in Italy.
The fine was imposed in December 2021, but Amazon appealed. After months of proceedings, the judges reached a new conclusion. Judicial institution TAR del Lazio recently announced that the penalty is off the table, allowing Amazo... Read more