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Recent Editions
Risk Channel
North America
KKR is to pay $250m to settle a Department of Justice lawsuit alleging the private equity firm repeatedly failed to properly file documents with the federal government related to more than a dozen buyouts between 2021 and 2022. The penalty is the largest-ever imposed for violations of the Hart-Scott-Rodino Antitrust Improvements Act, which mandates companies to notify antitrust regulators of certain mergers and acquisitions before they are completed. Associate Attorney General Stanley Woodward said the settlement "sends a powerful message: the Department is committed to vigorous enforcement." KKR said that although it had agreed to settle, it strongly disagreed with the DOJ's characterization of the matter.
Full Issue
Risk Channel
UK/Europe
ChatGPT maker OpenAI has published a 37-page report detailing how its AI models successfully breached Hugging Face, admitting that it did not detect for more than a week that its AI agents had broken free and hacked the start-up by themselves during a test. “This incident demonstrated that autonomous agents can work together, circumvent production security controls, and successfully attack hardened production environments, and underscores the need for organisations to update their security strategies, controls, and response capabilities to address this changing threat landscape,” OpenAI said in the report, in which it also explained the steps it is taking to try and prevent a similar event from happening again.
Full Issue