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Tata Electronics Hit by Breach Claiming to Expose Apple, Tesla Trade Secrets
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 … Source: Claims Journal
Read MorePMG Australia Scandal Widens After It Confirms Optus Data Was Also Misused
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 … Source: Claims Journal
Read MoreWorkday Must Face California Lawsuit Over AI Bias in Job Screening Tools
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. … Source: Claims Journal
Read MoreSpace Startups Seek Insurance for Orbital AI Data Centers
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. The concept of data center satellites — designed … Source: Claims Journal
Read MoreUber Board Sued Over Alleged ‘Serial’ Compliance Failures, Sex Abuse Suits
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 … Source: Claims Journal
Read More13 Dead, Dozens Injured, After Blast During Restart at Giant Qatar LNG Site
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 … Source: Claims Journal
Read MoreCarlyle Rethinks Portfolio Risk to Give Weather Insurance a Bigger Role
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 … Source: Claims Journal
Read MoreIMA Latest to Sue Howden Over Alleged Employee Poaching
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation … Source: Claims Journal
Read MoreAI-Generated Ads Should Be Exempt From EU Transparency Rules, Retail Association Says
Eurocommerce, the European retail association whose members include Amazon, H&M, Inditex, and Ikea, is asking EU tech chief Henna Virkkunen to exempt AI-generated advertisements from the bloc’s new regulation requiring disclosure of AI use. The European Union AI Act, which … Source: Claims Journal
Read MoreUS Regulator Makes ‘Interventionist’ Pivot to Speed Data Centers
The chairman of the U.S. Federal Energy Regulatory Commission said moves to help AI data centers accelerate hook ups to the country’s electric grids reflect a new and more interventionist approach by the regulator. FERC on Thursday approved a series … Source: Claims Journal
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