All articles tagged with #fujitsu
Originally Published 24 days ago — by The Quantum Insider
Fujitsu has launched a Quantum Simulator Challenge offering up to $100,000 in prizes and access to its advanced quantum simulation tools for industry and academic teams to solve real-world problems, with applications open until January 30, 2026, and collaboration ongoing through March 2026.
Originally Published 2 years ago — by CNBC
Fujitsu's involvement in the U.K. Post Office scandal, where its Horizon software led to false prosecutions of sub-postmasters, could result in severe reputational consequences for the Japanese IT giant. The British government has introduced legislation to exonerate convicted sub-postmasters and set aside £1 billion in compensation, with analysts warning that Fujitsu may face a significant financial burden and potential exclusion from future government contracts. Despite initial apologies and cooperation with the ongoing public inquiry, concerns about the company's reputation and the need for increased quality control persist.
Originally Published 2 years ago — by WIRED
Fujitsu executive admitted that software bugs causing financial discrepancies in the UK Post Office's Horizon system were known since its deployment in 1999, leading to wrongful prosecutions and convictions of over 900 postal employees. The Post Office allegedly edited witness statements and obtained most of the 900 convictions, prompting calls for criminal prosecutions and compensation. The UK government plans to introduce a new law to swiftly exonerate and compensate those falsely convicted.
Originally Published 2 years ago — by Ars Technica
Fujitsu executive admits that software bugs, known since 1999, were hidden from lawyers of wrongly convicted UK postal workers, leading to over 900 wrongful prosecutions and convictions. Post Office lawyers edited Fujitsu witness statements and obtained 700 of the 900 convictions, while the scandal may prompt reforms in the private prosecution system. Fujitsu apologizes and acknowledges a moral obligation to contribute to compensation for victims, as the UK government plans new laws to swiftly exonerate and compensate those falsely convicted.
Originally Published 2 years ago — by BBC.com
The boss of Fujitsu's European arm, Paul Patterson, admitted to letting down society and sub-postmasters for the company's role in the Post Office scandal involving faulty Horizon software. Fujitsu has apologized and expressed willingness to engage with the government on compensation for affected sub-postmasters. The scandal led to wrongful convictions and a new law to exonerate victims. The statutory inquiry aims to provide a public summary of the failings with the Horizon IT system at the Post Office.
Originally Published 2 years ago — by BBC.com
Fujitsu has informed the UK government that it will not bid for public contracts while the inquiry into the Post Office scandal, involving its faulty Horizon software, is ongoing. This decision comes after more than 900 sub-postmasters and postmistresses were wrongly prosecuted due to the software's errors. The government has continued to award contracts to Fujitsu despite the scandal, but the company has voluntarily stepped back from bidding for future contracts. Fujitsu's European boss apologized for the firm's role in the scandal and stated that the company has a "moral obligation" to contribute to compensation for those affected.
Originally Published 2 years ago — by BBC.com
The UK government seeks urgent talks with Fujitsu regarding compensation for sub-postmasters affected by the Post Office Horizon scandal, as an inquiry continues into the faulty software that led to wrongful convictions. Fujitsu's moral obligation to provide compensation has been emphasized, and the government aims to act once all facts are established. The scandal saw hundreds of sub-postmasters wrongly convicted over a 15-year period, and the ongoing inquiry has heard from Fujitsu staff expressing concerns about manipulated audit data used in criminal investigations. The Metropolitan Police has launched a criminal probe, with the investigation expected to continue until at least 2026.
Originally Published 2 years ago — by Bloomberg
Fujitsu Ltd. saw over $1 billion wiped off its market value as its European chief acknowledged a moral responsibility to provide compensation for its involvement in the UK Post Office scandal. The company's shares fell 4% by the close of trading in Tokyo and have declined more than 8% since the beginning of the year.
Originally Published 2 years ago — by CNN
Fujitsu's European director acknowledges the company's "moral obligation" to compensate UK Post Office sub-postmasters who were falsely accused of theft and fraud due to glitches in Fujitsu's Horizon IT system. Over 2,700 sub-postmasters have received compensation, but many feel it's insufficient and believe Fujitsu should also contribute. A public inquiry is ongoing to determine responsibility, and the government has described the convictions as a miscarriage of justice. The scandal has prompted public outrage, leading to legislative action to quash convictions, and both Fujitsu and the Post Office have apologized to victims.
Originally Published 2 years ago — by CNBC
Fujitsu's shares dropped nearly 4% after its Europe co-CEO, Paul Patterson, stated that compensating victims of the Post Office scandal was a "moral obligation." The company's faulty software led to the wrongful prosecution of hundreds of sub-postmasters in the UK. Fujitsu has not yet determined its contribution to the 1 billion pound compensation fund set aside by the government, but it is expected to shoulder a "reasonable financial burden." Despite the scandal, Fujitsu remains deeply embedded in UK government IT contracts.
Originally Published 2 years ago — by The Japan Times
Fujitsu, the Japanese IT company involved in the U.K. Post Office scandal, has acknowledged a "moral responsibility" to compensate sub-postmasters who suffered due to its faulty software, with the company's Europe director stating a commitment to contribute to redress for those wrongfully prosecuted between 1999 and 2015.
Originally Published 2 years ago — by The Associated Press
Fujitsu, the provider of the faulty Horizon computer accounting system, apologized to hundreds of UK Post Office branch managers wrongfully convicted due to the system's errors, acknowledging its long-standing awareness of the software's bugs. The Post Office has earmarked around a billion pounds for compensation and is actively seeking to replace the Horizon system. An official inquiry is expected to apportion blame, and legislation to reverse the convictions is anticipated to be presented to lawmakers soon. The scandal may have affected tens of thousands of people, with victims and their families enduring significant suffering.
Originally Published 2 years ago — by BBC.com
Fujitsu has issued a formal apology for its involvement in the wrongful prosecutions of Post Office workers, acknowledging its role in providing the flawed Horizon IT system. The company expressed deep regret and promised to learn from the experience, as it faces ongoing scrutiny and legal action related to the scandal.
Originally Published 2 years ago — by BBC.com
Fujitsu Europe's boss admitted the firm's "moral obligation" to compensate sub-postmasters wrongly prosecuted due to faulty IT software, while victims of the scandal faced difficulties in receiving compensation. The Post Office knew about "bugs and errors" in its Horizon accountancy software, leading to more than 900 wrongful prosecutions. Both Fujitsu and Post Office executives frustrated MPs with a lack of answers, delays, and bureaucracy in compensating victims, with only 93 convictions overturned to date. Post Office minister Kevin Hollinrake acknowledged the need to simplify the compensation process and accelerate it, as an ongoing inquiry into the scandal continues.
Originally Published 2 years ago — by The Register
Fujitsu, the supplier of the controversial Horizon accounting system to the Post Office, has won billions in government contracts despite its involvement in a scandal that led to wrongful convictions and suicides. The government's reliance on large IT contractors like Fujitsu is highlighted, with concerns raised about the lack of technical and commercial skills within government bodies to effectively manage these contracts. Calls for a moratorium on new contracts for Fujitsu have been made, but the issue extends beyond just one supplier, revealing systemic challenges in government IT procurement and management.