Archive for January 2025

The U.S. Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack known as Flax Typhoon. Integrity Technology, which is traded on the Shanghai Stock Exchange, was involved in “multiple computer intrusion … Source: Claims Journal

U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported. Sales are expected to near 16 million vehicles, the highest level since 2019, with … Source: Claims Journal

Northern Europe is facing freezing temperatures and snow, boosting heating demand and putting more pressure on the region’s depleting gas inventories. There are yellow weather alerts over Scotland on Friday, with the risk of blizzard conditions in parts, according to … Source: Claims Journal

A Florida man may have been an occasional driver for Uber, the ride-hailing company, but he was not working at the time that he struck and killed his former girlfriend, and Uber is not liable for the wrongful death, a … Source: Claims Journal

TikTok has long known that its popular video livestreams encourage sexual content, including streams exploiting and “grooming” minors, according to a lawsuit from the state of Utah that was unredacted on Friday. TikTok also discovered through an internal investigation that … Source: Claims Journal

Fast-fashion online retailer Shein, which is hoping to list in London, faces a U.K. hearing on Jan. 7 where a British parliamentary committee plans to question the firm, founded in China in 2008, about the rights of workers in its … Source: Claims Journal

Some workers on car-rental startup Turo Inc.’s trust and safety team have interrupted vacations to monitor and respond to the aftermath of deadly attacks in Las Vegas and New Orleans, according to a person familiar with the matter. In both … Source: Claims Journal

GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to have misused the chipmaker’s trade secrets. The companies said in a … Source: Claims Journal

Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers … Source: Claims Journal

Chinese state-sponsored hackers broke into the computers of senior U.S. Treasury Department leaders as part of a recent breach of the agency, according to a U.S. official and another person familiar with the matter. The hackers were able to access … Source: Claims Journal