The Senate confirmed President Joe Biden’s nominee to the Federal Trade Commission, Lina Khan, the young progressive who helped launch a reckoning amongst antitrust scholars and enforcers, in a 69-28 vote. At 32, Khan will become the youngest commissioner ever confirmed to the agency. ...Read More

Bank of America CEO Brian Moynihan said Monday that the company has ramped its cybersecurity spending to over $1 billion a year. “I became CEO 11 and a half years ago, and we probably spent three to $400 million [per year] and we’re up over ...Read More

JBS, the world’s biggest meat processor, has paid an $11m (£7.8m) ransom after a cyber attack shut down operations, including abattoirs in the US, Australia and Canada. While most of its operations have been restored, the Brazilian-headquartered company said it hoped the payment would head off ...Read More

The immediate past president of the United Auto Workers was sentenced Thursday to 28 months in prison for his part in a scheme with other leaders to steal as much as $1.5 million in union funds for lavish trips, golfing, alcohol and other luxuries. ...Read More

Securities and Exchange Commission Chairman Gary Gensler said Monday that his agency is focused on adopting new rules to guard against company executives using private information to opportunistically sell shares of companies they oversee, while acknowledging that the SEC must come up with new ...Read More

When Colonial Pipeline was hit with a ransomware attack in early May, the firm—which transports some 45 percent of the East Coast’s fuel supply—shut down its operations as a precaution and paid the ransom, reportedly 75 bitcoins (about $4.4 million then). Fuel shortages ensued, and the US government announced ...Read More

El Salvador has become the first country to adopt bitcoin as legal tender. A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar. The law states ...Read More