Taiwanese prosecutors have filed charges against the chairman of Taiwan’s ThaiLin Semiconductor Corp. on suspicion he illegally used the company’s money for his own purposes.The Taipei District Prosecutors Office leveled the charges late last week, accusing S.J. Cheng, who is also the chairman and CEO of chip packaging and testing company ChipMOS Technologies (Bermuda) Ltd., of misappropriating funds that were part of an overseas bond issuance in 2003 by ThaiLin.In a statement late Monday, ThaiLin denied any wrongdoing by Cheng, and said the charges stem from the purchase of around US$5.9 million in overseas notes during the period of time in question. Aside from fact a transaction took place, “there is no other evidence Chairman S.J. Cheng personally profited from the transaction,” the statement said.By Dan Nystedt – IDG News Service (Taipei Bureau) Related content news Gitlab fixes bug that exploited internal policies to trigger hostile pipelines It was possible for an attacker to run pipelines as an arbitrary user via scheduled security scan policies. By Shweta Sharma Sep 21, 2023 3 mins Vulnerabilities Security feature Key findings from the CISA 2022 Top Routinely Exploited Vulnerabilities report CISA’s recommendations for vendors, developers, and end-users promote a more secure software ecosystem. By Chris Hughes Sep 21, 2023 8 mins Zero Trust Threat and Vulnerability Management Security Practices news Insider risks are getting increasingly costly The cost of cybersecurity threats caused by organization insiders rose over the course of 2023, according to a new report from the Ponemon Institute and DTEX Systems. By Jon Gold Sep 20, 2023 3 mins Budget Data and Information Security news US cyber insurance claims spike amid ransomware, funds transfer fraud, BEC attacks Cyber insurance claims frequency increased by 12% in the first half of 2023 while claims severity increased by 42% with an average loss amount of more than $115,000. By Michael Hill Sep 20, 2023 3 mins Insurance Industry Risk Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe