Latest coverage for Compensation

Critics of South Korea's Coupang Dismiss Offer as Marketing More Than CompensationAfter suffering a data breach that exposed personal data for two-thirds of South Korea' population, online retailer Coupang promised to distribute $1.2 billion in vouchers to "restore customer trust." But critics have accused the move of being more about marketing than true compensation.

Also, Nike Sued Over Shutdown of NFT SubsidiaryThis week, KiloEX compensation after Oracle exploit, Nike sued over NFT shutdown, SEC dropped probe into PayPal PYUSD, Long Island man sentenced for crypto fraud, Americans lost billions to crypto scams, Loopscale exploiter agreed to return stolen funds and bank regulators softened stance on crypto.

Experts Say Consumers Gain Little as Implementation Challenges Loom for FrameworkAustralia's new scams framework bill sets the foundation for industry action but leaves consumers with limited protections. Experts warn that enforcement and reimbursement mechanisms are unclear, forcing victims to navigate a complex system with little guarantee of compensation.

Scrutiny Over Ethics of Profit-Sharing Prompts End to Cyberstarts CISO CompensationAllegations of conflicts of interest in Cyberstarts’ Sunrise program have sparked debate in the CISO community. While the program connected CISOs with startups for advisory purposes, its profit-sharing incentives drew criticism, leading some participants to resign and the firm to halt compensation.

3 Countries Taking Different Approaches to Accountability and Victim CompensationGovernments globally are intensifying anti-scam measures, introducing new guidelines to banks, telecom providers and other key sectors to bolster security controls and mitigate fraud risks for consumers and businesses. Some new frameworks threaten to levy stiff penalties for non-compliance.

Company Plans to Link Executive Compensation to Achieving Security MilestonesThe executive vice president for Microsoft Security has announced an overhaul of the company's security practices following a series of high-profile cyberattacks that allowed foreign state-sponsored hacking groups to access its internal systems and cloud networks.

Proofpoint Researchers Say Beware of Phishing Emails, Embedded Links in PDFsIran-aligned threat actor TA450, also called MuddyWater, is using fake salary, compensation and financial incentive emails to trick Israeli employees at multi-national organizations into clicking malicious links, according to researchers at security firm Proofpoint.

InfoSys McCamish Says Incident Involved BoA's Deferred Compensation Plan CustomersBank of America is notifying more than 57,000 customers that their information, including Social Security numbers, was potentially compromised in a hacking incident last November at Atlanta, Georgia-based insurance software firm InfoSys McCamish. BoA says none of its systems were affected.

California Firm Said August Attack Affected Clients' DataA California insurance broker that handles employee benefits, workers' compensation and property liability is notifying more than 1.5 million individuals about a ransomware/data exfiltration attack last August that involved health insurance information, passport numbers and Social Security numbers.

Also: Judge Accepts Changpeng Zhao Guilty Plea; November's 'Damaging' Hack NumbersThis week, a Bitzlato co-founder pleaded guilty to money laundering charges, a federal judge accepted ex-Binance chief's guilty plea, thieves stole $363M in crypto this November, KyberSwap looks to compensate hack victims, Platypus hackers walked free, and Velodrome and Aerodrome were hacked again.