An executive reported various cyber security vulnerabilities at its payments arm that left it open to fraud and potential regulatory action.
The giant German automaker promised it would clean up its act after the Dieselgate scandal broke in 2015, in which it came out that the company’s employees were too scared to tell the CEO, Martin Winterkorn, that they didn’t stand a snowball’s chance in hell of meeting targets for cutting emissions, so they just fiddled the test instead.
This cost the company about £30bn in fines and compensation. Winterkorn resigned after the scandal broke, but serious cases against him and four other senior executives continue...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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