NYSE:PPLElectric Utilities
How a Cyber Scam and Lawsuit at PPL (PPL) Has Shifted Its Risk Management Story
In the past week, Berkley Insurance Company filed a lawsuit to recover over US$1 million in losses paid to PPL Corporation after a cyber scam diverted funds through compromised email instructions linked to Alliance Systems Integrators' email system.
This incident, along with the ensuing litigation, draws attention to PPL's cybersecurity framework and could prompt closer investor scrutiny of its risk management and internal controls.
With the company facing questions about cybersecurity and...