Daily Archives: December 17, 2019, 11:41 am

SEC Cracks Down on Earnings Management

The SEC is taking renewed aim at earnings management, and this time it’s not just improper revenue recognition. Both in its recent enforcement order against Marvell Technology Group—imposing s $5.5 million fine and a cease-and-desist order—and in its on-going action against Under Armour, the SEC has focused on what, anecdotally, is not a terribly uncommon practice—accelerating (or “pulling in”) sales…

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Ransomware Gangs Now Outing Victim Businesses That Don’t Pay Up — Krebs on Security

As if the scourge of ransomware wasn’t bad enough already: Several prominent purveyors of ransomware have signaled they plan to start publishing data stolen from victims who refuse to pay up. To make matters worse, one ransomware gang has now created a public Web site identifying recent victim companies that have chosen to rebuild their operations instead of quietly acquiescing…

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