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Risk management and fraud news from around the web: July 25 – 29, 2022

Written on Jul 28, 2022

Report: Ohio among nation’s worst in unemployment recovery 
Ohio was just one of four states that saw unemployment claims rise the last week of June compared to a year ago, according to a report, and Ohio is the next-to-last state to recover from unemployment during the same week compared to a year ago. 

Could the crypto downturn lead to a spike in M&A? 
Industry watchers predicted a spike in crypto M&A from the beginning of 2022. John Todaro, a senior crypto and blockchain researcher, said he believes this downturn could lead to a wave of mergers and acquisitions in the crypto space for the second half of this year and even into 2023. 

T-Mobile agrees to settle cyberattack lawsuit for $350M 
T-Mobile has agreed to a $350 million settlement of a class-action lawsuit stemming from the 2021 cyberattack in which data relating to 76 million people was stolen. 

Why corporate purpose and AI ethics must be a leadership and risk management priority 
This blog post introduces corporate purpose and AI ethics, the challenges given the decline of human happiness, and the importance of increasing risk management functions needs to ensure that new operating frameworks link corporate purpose to ethical AI, and happiness economics.