Professional

Fisher Investments Loses Almost $3.9 Billion in Wake of Its Founder’s Lewd Comments

Fisher Investments, an active equity manager based in Washington, is facing backlash after its founder and executive chairman Ken Fisher reportedly made inappropriate sexist comments during a conference presentation on October 8. Weeks later, clients had pulled over $3 billion in assets from Fisher Investments. To date, 20 institutions have pulled almost $3.9 billion from…

NBC Leaders Face Allegations in New Book Detailing Accusations Against Matt Lauer

In his newly-released book, Catch and Kill, former NBC reporter Ronan Farrow recounts previously-unreleased details surrounding rape accusations against Matt Lauer, the former host of NBC’s “Today” show. Farrow provides a revealing, comprehensive account of accusations made by Brooke Nevils, a former NBC employee who maintained that Lauer sexually assaulted her in 2014. Lauer has…

56 Pediatric Patients’ Stem Cells Destroyed in Hospital Freezer Failure

When a storage freezer at Children’s Hospital Los Angeles (CHLA) malfunctioned last month, 56 pediatric patients, many undergoing cancer treatment, lost their stem cells. The cells were collected before patients began cancer treatments, like chemotherapy and radiation, and stored for potential future use. Following the incident, CHLA sent notification letters to the affected families, unfortunately…

Cybersecurity Awareness Month: 5 Pivotal Steps to Preparedness

October is National Cybersecurity Awareness Month (NCSAM), a joint initiative of the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) and National Cyber Security Alliance (NCSA) to disseminate cybersecurity facts, best practices, and promote free resources to make organizations and individuals safer and more secure. Recent cybersecurity threat data is staggering. Symantec’s…

Coordinated Attack Holds 22 Municipalities Hostage, Marks Escalating Ransomware Threat

On August 16, a coordinated ransomware attack was launched on 22 city, county and police department offices in Texas, seizing and disabling systems and encrypting data. The collective ransom demanded by what state authorities have described as a “single threat actor” is $2.5 million. While larger municipalities, like Lubbock County, were able to quickly identify…

StockX, Poshmark, Capital One Breaches Highlight Data Security Risks

On August 1, TechCrunch reported that online retailer StockX did not reveal that it had suffered a data breach in May that exposed 6.8 million user records. Within days of discovering the breach, StockX emailed users and instructed them to change their passwords following what the company referred to as system updates on its platform,…

License Plate Photos Compromised in US Customs Contractor Cyberattack

The United States has 328 ports of entry. Each day more than 1 million individuals enter or leave the country; their movements and identities are recorded for U.S. Customs and Border Protection (CBP) to use under a strict data policy that stresses use limitation and information security. Despite the CBP’s stringent precautions, the agency announced…

Perdue Foods’ Third Recall Raises Concerns for Companies and Consumers

The U.S. Department of Agriculture announced Perdue Foods’ third major product recall of 2019 in a news release on May 31. The company recalled approximately 31,703 pounds of frozen and refrigerated chicken products for potentially containing foreign materials. In early January Perdue Foods also recalled approximately 68,244 pounds of gluten-free chicken breast nuggets due to…

Study Reveals Two Out of Three Hotels Inadvertently Leak Guests’ Data

On April 10, Symantec released a study showing two-thirds of hotel websites leak guests’ booking details to third-party sites. Marriott International, which experienced a massive data breach in November 2018, was not included in that study. On February 14, the City of Chicago filed a lawsuit against Marriott International for that breach that exposed the…

Autonomous Ships Shaping New Coverage Considerations

As the global economy expands and oceans become more crowded, the shipping industry is looking to autonomous ships to reduce accidents, increase efficiencies and cut costs. Last month a Dutch consortium engaged a vessel equipped with collision avoidance technology in 11 test scenarios in the North Sea, and earlier this month the Maritime and Port…