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“As we have previously said, we have issued an (airworthiness directive) and will continue to take appropriate action based on what we learn from the investigation. This has not changed,” the FAA said. The FAA and Boeing continue to evaluate the need for software and/or other design changes to the aircraft including operating procedures and training as we learn more from the ongoing investigation, the regulator added. Boeing did not respond to requests for comment outside regular business hours.
HONG KONG (Reuters) - Cathay Pacific Airways (0293.HK) said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over affordable cufflinks how it handled the incident, The executives did not answer repeated questions about whether the airline would compensate all affected customers or if it might face a hefty fine under new European Union privacy regulations, saying it was “too early” to comment..
Cathay has come under mounting criticism after it said late last month that about 9.4 million passengers’ personal data had been accessed without authorization, seven months after it became aware of the breach. It was not immediately clear who was behind the breach or what the information might be used for, but Cathay said there was no evidence so far that personal information had been misused. “The incident is a crisis,” company Chairman John Slosar told the committee. “It is the most serious one the airline has faced.”.
Slosar again apologized for failing to protect customers’ data and said he regretted that the company could not affordable cufflinks investigate the attack more quickly, Shares of Cathay, which slid to a nine-year low after news of the data leak last month, were up more than 4 percent on Wednesday, beating a flat broader market .HSI, Cathay said in a document submitted to Hong Kong’s Legislative Council that it first detected suspicious activity on its network in March and that the attack continued in the following months and expanded in scope..
The airline then took until mid-August to conclude which passenger data had been accessed, according to the document, and it completed the identification of the personal data that pertained to each individual passenger on Oct. 24. Slosar said that in future Cathay would instantly disclose any similar issues to the authorities. The company denied the data breach was a result of layoffs at its IT department last year. Cathay said an airline restructuring had been completed and it planned to hire 1,800 staff this year.
KUALA LUMPUR/SINGAPORE (Reuters) - Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc (GS.N) “cheated” the country in dealings with state fund 1MDB and that U.S, authorities have promised to help return the fees the affordable cufflinks Wall Street bank earned from the fund, The U.S, investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd (1MDB) [TERRN.UL], which is the subject of corruption and money-laundering investigations in at least six countries..
Goldman’s stock fell to a near two-year low on Monday after Malaysian Finance Minister Lim Guan Eng said his country would seek a “full refund” of the around $600 million in fees the bank earned from raising $6.5 billion for the fund. The stock eased 0.5 percent on Tuesday. A Goldman Sachs spokesman on Monday said in an email to Reuters that the bank denied any wrongdoing. The U.S. Department of Justice (DOJ) has said about $4.5 billion was misappropriated from 1MDB, including some money that Goldman Sachs helped raise, by high-level officials of the fund and their associates from 2009 through 2014.
U.S, prosecutors filed criminal charges against two former Goldman Sachs bankers earlier this month, One of them, Tim Leissner, pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, “There is evidence that Goldman Sachs has done things that are wrong,” Mahathir said in an interview with U.S, news channel CNBC aired on Tuesday, affordable cufflinks “Obviously we have been cheated through the compliance by Goldman Sachs people,” he said, without specifying details..