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Sorenson said since October Marriott has provided the FBI with “several updates and ready access to forensic findings and information to support their investigation.”. Sorenson said the company has not received any substantiated claims of loss from fraud attributable to the incident and had increased security by adding “protection tools” to determine suspicious behavior, as well as two-factor authentication and keeping valuable more secure. Marriott disclosed on Nov. 30 it had discovered its Starwood hotels reservation database had been hacked over a four-year period in one of the largest breaches in history mens black onyx cufflinks. At least five U.S. states and the United Kingdom’s Information Commissioner’s Office are investigating the attack..
Marriott offered to buy Starwood in 2015, a year before the hack started, and closed the $13.6 billion deal in September 2016. Senator Tom Carper, the top Democrat on the panel, said the “incident also raises questions about the degree to which cybersecurity concerns do and should play a role in merger and acquisition decisions.” mens black onyx cufflinks. Carper said Marriott acquired a company with “serious cybersecurity challenges and had actually been attacked before” but chose to initially leave Starwood’s security system in place after acquiring it..
WASHINGTON (Reuters) – The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters on Thursday. The measures, included in a broader policy reform under review by the Trump administration, are intended to help U.S. oil refiners cope with the costs of complying with the U.S. Renewable Fuel Standard mens black onyx cufflinks. Under the law, passed in 2005 and expanded in 2007 partly to help expand farmers’ market for corn, refiners must blend certain volumes of biofuels like ethanol into their fuel or purchase credits from those that do..
For years, refiners have complained that the market for such credits is vulnerable to manipulation that has at times caused prices to surge, and compliance costs to rise with them. Under the measures, parties such as banks and financial institutions that are not part of the fuel supply chain will not be permitted to trade biofuel credits, called Renewable Identification Numbers or RINs, according to the source mens black onyx cufflinks. Such traders have in the past acquired large volumes of the biofuel credits in speculative plays, forcing smaller players that require credits to comply with the biofuels law to scramble to buy them, often at higher prices..
Another of the five proposed measures to curb credit speculation calls for RIN buyers to disclose their holdings to the EPA if they acquire volumes beyond a certain threshold – likely 120 percent of their obligation under the Renewable Fuel Standard, the source said. The measures also require quarterly, instead of annual, retirement or sales of the credits to prevent “hoarding,” a quarterly limit to how long credit stockpiles can be held, and improving EPA’s market monitoring capabilities by collecting information about transactions, the source said mens black onyx cufflinks.