The SEC demonstrates the use of its Whistleblower program with a $104 million payout to seven whistleblowers. One should remember that the Whistblower program is an effective tool used by Federal Agencies to oversight Federal suppliers. One wonders the effects…
An interesting article on the recent Whistleblower award of $280 million by the SEC. Worth reading for security professionals and boards. When the legal profession focuses in, it’s a clear sign that there’s ‘gold in them there hills’, and in…
Maybe a little more than Tipsters, but an important contributor to the oversight and assurance of Americas companies. One wonders why the EU is reluctant to follow a similar path. It demonstrates that not all Whistleblower complaints came from employees…
The SEC has issued its largest Whistleblower fine to date. At $279 million it is more than double its nearest payment and sends a very clear message that whistleblowers that provide information leading to successful enforcement actions are valued. SEC…
A great example why boards need to provide oversight and assurance of cybersecurity. Boards cannot manage whistleblowers. With U.S Federal whistleblower programs paying upto 30%, in some cases over $100mn of recovered funds. Ted Dziekanowski #cybersecurity #cyberriskmanagement #whistleblower View Original…
The difficult economic times we find ourselves in 2023 may prove to be a test bed for whistleblower programs on Wall Street. With the U.S justice department obtaining more than $5.6bn year ending 2021, whistleblower programs have proven a useful…
The SEC Whistleblower program can award between 10% and 30% of the final settlement to a Whistblower. That would make the total fine between $123m and $370m against European Healthcare provider. One wonders what the infringement was Ted Dziekanowski, Rachel…
One wonders if trying to impede a Whistblower is a good idea and this maybe an example of how not to proceed in the case of a Whistleblower complaint. We do not see Federal whistleblowers this side of the pond.…
The U.S whistleblower program has been a useful tool in the arsenal of compliance. Will a recession drive more people to raise whistleblower claims? The DoJ has been gearing up its Civil Cyber fraud initiative and cyber has been tested…
The SEC has its own Whistleblower day! Recognizing the efforts of the Whistleblowers, awarding more than $1.3 billion to 278 individuals since the start of the program in 2012. 2021 was a record year returning over $5billion to the government…
