Misleading

The U.S. Securities and Exchange Commission said on Tuesday that IT services firm DXC Technology had made misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020. DXC said it had resolved the matter and cooperated with the SEC. "Without admitting or denying the findings in the order, DXC consented to a cease-and-desist order, to pay an $8 million penalty, and to undertake to develop and implement appropriate non-GAAP policies and disclosure controls and…

In November, India’s leading government healthcare institution was targeted by a ransomware attack, which reportedly originated from China. Representative ImageSoftware company Blackbaud Inc has agreed to pay $3 million to settle charges it made misleading disclosures about a 2020 ransomware attack that impacted over 13,000 customers, the U.S. Securities and Exchange Commission said on Thursday. In July 2020, the South Carolina-based provider of donor data management software disclosed a ransomware attacker and said the…

Firing a fresh salvo in the revenue share debate, industry body COAI said the demand of telecom operators for a reasonable 'usage fee' from OTT communication service providers towards network use is "fair and rational", and would drive the digital infrastructure while contributing to the economy. Just days after Internet and Mobile Association of India's (IAMAI) assertions that demand for 'revenue share' was an underhanded attempt to violate net neutrality, COAI returned fire saying it is "misleading" to state that Net…

WhatsApp (or rather parent company Meta) is on the offensive – a few months ago Mark Zuckerberg claimed that “WhatsApp is far more secure than iMessage”, now another messaging app, Telegram, has been called out by Will Cathcart, the head of WhatsApp at Meta. Cathcart quoted an article by Wired and his own criticism of Telegram’s end-to-end encryption (E2EE) implementation. It has not been independently verified, says Cathcart, and there are other flaws, e.g. it is not enabled by default and E2EE is not available for…

Overwatch 2 developer Blizzard Entertainment has been accused of making its latest battle pass rewards look deliberately misleading, thanks to some visual similarities between the game’s currencies. Currently, Overwatch 2 has two primary currencies: Legacy Credits and Overwatch Coins. While the first are a hangover from the original Overwatch and can only be spent on a limited amount of in-game cosmetics, Overwatch Coins are the game’s primary microtransaction and can be spent on a wider range of skins and items. While…

Image: Titan ComicsTranslating media from one language into another is always going to be a fraught process—from trying to retain a style and nuance between dialogue, to navigating fanbases that often perceive any kind of difference in localization as censorship. But there’s a difference between that, and what’s happened to Titan’s Kamen Rider Kuuga releases.Although the first two volumes of Stonebot and Titan Comics’ English release of Toshiki Inoue and Hitotsu Yokoshima’s Kamen Rider Kuuga manga—adapting the classic…

Image Source : REPRESENTATIVE PIC Authorities came up with new guidelines The Centre has issued new regulations to stop unfair business practices and deceptive online advertising, and this has put social media influencers on their toes. The move comes as the market for social media influencers in India continues to grow. Consumer Protection Act of 2019 strengthened…

Last updated: January 11th, 2023 at 10:42 UTC+01:00 Samsung may have just confirmed the Unpacked event for the Galaxy S23 series today but the rumor mill is already moving on to next year’s lineup. The latest suggests that Samsung is going to reduce the number of handsets in this series to two, killing off one of the models. According to our information, that’s not accurate. The rumor is misleading as it claims that Samsung will not offer the Plus model in the 2024 lineup. The company is only said to offer the base…

Former McDonald’s Corp. MCD -0.63% Chief Executive Steve Easterbrook agreed to a five-year bar from serving as an officer or director of a public company, to resolve a regulatory investigation over allegedly misleading statements he made about having sexual relationships with employees.Mr. Easterbrook also agreed to pay a $400,000 fine without admitting or denying the Securities and Exchange Commission’s fraud claims against him, the agency…

Alex Mashinsky, the Celsius co-founder and former CEO who suspiciously cashed out $17 million in crypto prior to halting customers’ crypto withdraws and ahead of the company’s eventual bankruptcy, has found himself on the receiving end of a scathing civil lawsuit accusing him of defrauding hundreds of thousands investors out of billion of dollars by misrepresenting the shaky platform’s safety. The suit, filed Thursday by New York Attorney General Letitia James, alleges Mashinsky engaged in a years-long scheme to defraud…