Karun Kaushik, the Indian-origin co-founder and CEO of Delve, has responded to allegations that his company misled clients on regulatory compliance, saying rapid growth led to internal shortcomings while also claiming the controversy is linked to a targeted cyberattack.Delve is a compliance technology startup that helps companies assess and manage their security, privacy, and regulatory compliance. It's headquarters is based in San Francisco, California.In a video statement, Karun Kaushik said the company “grew too fast,” which created gaps in processes and oversight. He acknowledged that systems did not keep pace with expansion, leading to issues that are now under scrutiny. The company also issued a public statement apologising to customers for “falling short” of its own standards.At the same time, Delve pushed back strongly on the origin of the allegations. The company said the claims stem from an anonymous actor and are not from a legitimate whistleblower. According to Delve, the individual behind the posts carried out a “targeted cyberattack,” gained access to internal data under false pretences, and then used that material to launch what it described as a coordinated smear campaign.Delve said that internal company data was stolen and then used with fabricated claims and “cherry-picked” screenshots to make the company look bad. The company added that ongoing cybersecurity and forensic investigations have delayed their public response.The allegations themselves,...
(AP) If a government hopes to function, it has to be able to enforce its laws. Our country is no exception, and in fact, the U.S. government is very good at enforcement. So when a big fraud case c...