February 16, 2024
JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in climate-damaging emissions, while BlackRock said it has transferred its membership to its international arm, limiting its involvement. The decisions together …
February 16, 2024
Alphabet’s Waymo unit has recalled 444 self-driving vehicles after two minor collisions in quick succession in Arizona because a software error could result in them inaccurately predicting the movement of a towed vehicle. All of the vehicles are in the …
February 16, 2024
If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone who can …
February 16, 2024
The US and its allies have disrupted access by a Russian-state sponsored hacking organization to “well over a thousand home and small business routers” used for criminal and intelligence purposes, FBI Director Christopher Wray said on Thursday. Speaking at the …
February 16, 2024
More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation in the wake of media reporting last year on allegations of persistent sexual harassment, top agency officials said on Thursday. …
February 16, 2024
Cybercriminals are using advertising tools to make their scams as “clickable” as possible. In a new kind of email phishing tactic, hackers are sending malicious PDF attachments containing a link that’s registered through an advertising network, security researchers from HP …
February 15, 2024
Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastrophe losses for the fourth quarter 2023 totaled …
February 15, 2024
A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising images. Users of an AI system complain about a bad experience. These are just a few of the potential risks …
February 15, 2024
Oracle Corp. female employees who fought the company in court for almost seven years over gender-pay equity reached a $25 million settlement — a small price for the software giant that amounts to one or two paychecks for most of …
February 15, 2024
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …