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FCC Updates Security Breach Rules for Telecommunications Service Breaches
In honor of Privacy Day, Steven A. Augustino and Jack Pringle of Nelson Mullins have highlighted new security breach rules promulgated by the Federal Communications Commission (FCC). Their article begins by pointing out something also noted in the healthcare sector, where increasing concurrent jurisdiction increases the number of federal and state regulations entities must comply […]
Infosys McCamish Systems notifying 57,028 Bank of America customers of ransomware attack
More than 57,000 people enrolled in Bank of America deferred compensation plans are being notified of a data breach that occurred in early November 2023. The incident involved their Atlanta-based service provider, Infosys McCamish Systems LLC (“IMS”). Bank of America’s system was not affected or compromised. IMS is the U.S. subsidiary of Infosys BPM, an […]
FTC Order Will Require Blackbaud to Delete Unnecessary Data, Boost Safeguards to Settle Charges its Lax Security Practices Led to Data Breach
FTC says company’s poor security allowed hacker to steal sensitive data of millions of consumers, go undetected for months South Carolina-based Blackbaud Inc. will be required to delete personal data that it doesn’t need to retain as part of a settlement with the Federal Trade Commission over charges that the company’s lax security allowed a […]
Ex-CIA software engineer sentenced to 40 years for giving secrets to WikiLeaks
The Guardian reports: A former Central Intelligence Agency (CIA) software engineer who was convicted for carrying out the largest theft of classified information in the agency’s history and of charges related to child abuse imagery was sentenced to 40 years in prison on Thursday. The 40-year sentence by US district judge Jesse Furman was for […]
President Biden Says He Will Veto Any Resolution That Repeals the New SEC Breach Disclosure Rule
While advocates for more transparency and timely disclosures in response to data breaches were generally pleased with the new disclosure rule by the SEC that went into effect on December 18, not everyone was pleased. In November 2023, Senator Thomas Tillis [R-NC] introduced bill S.J.Res.50 – A joint resolution providing for congressional disapproval under chapter […]
FBI director to warn that Chinese hackers are preparing to ‘wreak havoc’ on US critical infrastructure
CNN reports: FBI Director Christopher Wray on Wednesday is expected to warn that Chinese hackers are preparing to “wreak havoc and cause real-world harm” to the US. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come […]
Attorney General James Sues Citibank for Failing to Protect and Reimburse Victims of Electronic Fraud
NEW YORK – New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud. The lawsuit alleges that Citi does not implement strong online protections to stop unauthorized account takeovers, misleads account holders about their rights after their accounts are hacked and funds are stolen, […]
Do you know what your cyber policy covers? (Southwest Airlines v. Liberty Insurance Underwriters)
An article by attorneys at Barnes & Thornburg LLP discusses a court case that serves as a useful reminder of how provisions of cyber policies may be interpreted when it comes to coverage of cyber-related incidents — even when those incidents are not data breaches. In 2016, Southwest Airlines suffered a computer system failure that […]