Home > Marriott Hit With $123 Million Fine

Business
Marriott Hit With $123 Million Fine

Description

The UK's Information Commissioner's Office (ICO) plans to fine hotel giant Marriott International about $123 million. Business Insider reports the fine is for a data breach that exposed the sensitive data of 339 million guests. The breach occurred in 2014 in hotel company Starwood's database. Marriott inherited the undetected breach when it bought Starwood in 2016. Marriott discovered the breach in November 2018. The ICO stated that Marriott did not conduct sufficient due diligence when it bought Starwood. Marriott intends to defend its position against the fine.

Added on the 10/07/2019 06:41:04 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Volkswagen Hit With $926 Million Fine Over Audi Diesel Emission Cheating

    Volkswagen is once again counting the cost of cheating on diesel engine emissions tests. The German carmaker said Tuesday that it had been hit with a new fine relating to failings at its Audi subsidiary. Munich prosecutors on Tuesday imposed a fine of $926 million on Audi. Taking the total cost to the Volkswagen Group globally to $32.7 billion. That is equivalent to 12% of Volkswagen's annual sales last year. Volkswagen admitted in 2015 to cheating on clean air rules with software that made emissions look less toxic than they actually were.

    16/10/2018 - Wochit
  • Wells Fargo Hit With A Major Fine Of 185 Million

    Wells Fargo Bank Customers might have had a bank account or credit card in their name that they never knew existed until the fines began to rack up. Wells Fargo employees had regularly signed customers up for services without their consent or knowledge in order to hit sales numbers and receive bonuses. Since then Wells Fargo has agreed to pay a $185 million fine and fired more than 5,300 employees. ” bureau director of the Consumer Financial Protection Bureau Richard Cordray said in a statement "“Because of the severity of these violations, Wells Fargo is paying the largest penalty the CFPB has ever imposed,”"

    09/09/2016 - Wochit
  • Fiat Chrysler Hit With $70 Million Fine

    The U.S. Department of Transportation said on Thursday it fined Fiat Chrysler Automobiles $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American company is the latest automaker to be fined for failing to comply with a 2000 federal law that requires disclosure of death and injury reports to help safety officials detect defect trends early. Fiat Chrysler said it would pay the fine and pledged to change procedures to ensure proper reporting. It is also commissioning a third-party audit to ensure compliance with the law and to determine the full extent of the reporting failures. Fiat Chrysler must turn over all crash reports it failed to disclose within six months.

    10/12/2015 - Wochit
  • Fiat Chrysler Hit With $70 Million Fine

    The U.S. Department of Transportation said on Thursday it fined Fiat Chrysler Automobiles $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American company is the latest automaker to be fined for failing to comply with a 2000 federal law that requires disclosure of death and injury reports to help safety officials detect defect trends early. Fiat Chrysler said it would pay the fine and pledged to change procedures to ensure proper reporting. It is also commissioning a third-party audit to ensure compliance with the law and to determine the full extent of the reporting failures. Fiat Chrysler must turn over all crash reports it failed to disclose within six months.

    10/12/2015 - Wochit
  • Cheap Home Repairs You Need to Make Today

    Want to know a few things you can do now that are going to save you a bunch of money later?

    25/08/2016 - Money Talks News

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
Business

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24