KPMG Australia staff shared sensitive information about telecom firm Optus with another internal team bidding for an audit contract for its rival Telstra in a breach of ethics, the firm’s chairman told a parliamentary hearing on Friday. The admission confirms …
Tata Electronics said on Monday it had detected a recent “cybersecurity incident,” after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group. The ransomware group has posted more …
Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. …
Uber Technologies’ board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in …
The EU is set to ramp up an investigation into Meta that alleges its products are addictive to children, as the bloc increases regulatory pressure on the social media giant.
The U.S. Supreme Court further limited the reach of a federal law used to hold corporations liable for human rights abuses committed abroad, as it issued a ruling on Tuesday ending a lawsuit by members of the Falun Gong movement …
Europe is facing another summer of intense wildfires, but firefighters who will be on the frontline warn that they’re entering the season under-funded, under-equipped and under-staffed. The continent experienced its worst season for wildfires on record last year, with blazes …
Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks. The $475 billion Washington-based firm says the current standard — whereby money managers are reactive rather …
Thirteen people were killed and dozens injured after an explosion at Qatar’s massive Ras Laffan liquefied natural (LNG) gas complex which occurred as workers were restarting operations halted after an Iranian attack in March. Authorities said a ‘technical accident’ occurred …
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, according to Zurich Insurance Group AG. “I do anticipate …