News Coverage


Government Employee Receives $2.5 Million Whistleblower Award from SEC

Government Employee Receives $2.5 Million Whistleblower Award from SEC

- Whistleblower News Review

The SEC recently announced it has awarded $2.5 million to a whistleblower who is also a government employee. This is the first time the SEC has publicized giving an award to an employee of a government agency.

As it is customary with the SEC, the identity of the whistleblower remains anonymous, and specific details about the wrongdoing have not been revealed. The novelty here is the fact that a government employee has been considered eligible for an award.

On paper, government agency employees can receive whistleblower awards as long as they are not employees of a law enforcement organization, the SEC itself, or a number of regulatory agencies, which include the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.

Although we have very little information about who the whistleblower is, the SEC revealed that he or she worked for a government agency that has a law enforcement component, but not in that specific section....


Defense Contractor Cybersecurity Breaches Bring Wave of Cyber Whistleblower Opportunities

Defense Contractor Cybersecurity Breaches Bring Wave of Cyber Whistleblower Opportunities

- Whistleblower News Review
Failure to report cyberattacks among Department of Defense (DOD) contractors and subcontractors means big whistleblower opportunities for IT professionals and other defense contractor employees. Cyber hacking and cybersecurity breaches are widespread, and a whole new category of cyber whistleblower claims are cropping up around them under the federal False Claims Act.
Cybercrime Could Cost U.S. Companies $2 Trillion by 2019 Cybercrime cost U.S. companies approximately $500 billion in...

Expert: Compliance Officer SEC Whistleblower Reward Precedent for False Claims Act Awards

Expert: Compliance Officer SEC Whistleblower Reward Precedent for False Claims Act Awards

- Whistleblower News Review
A $1.4 million SEC whistleblower reward to a corporate compliance officer for reporting company misconduct has caused a tremor through GC, compliance, and audit offices of non-compliant corporations but it signals something tectonic is coming soon according to legal experts. The architect of December’s massive Bank of America $16.6B False Claims Act settlement says the SEC action affirms compliance professionals are also eligible for the more lucrative False Claims Act whistleblower...