Litigation and legal developments concerning data breaches.
WSJ reports: Two brokerage units of Robinhood Markets agreed to pay $45 million to settle an investigation by the Securities and Exchange Commission into a range of alleged violations, including one stemming from a 2021 data breach that exposed millions of customer names and emails. The settlement is the latest in a string of big […]
24 hours. That’s the gap between PowerSchool’s disclosure of a hacking incident affecting teacher and student data and the filing of the first potential class-action lawsuit. Bloomberg Law reports on three potential class-action lawsuits that were filed on January 8th and 9th against the provider of cloud-based education software for K-12 schools: The complaints bring […]
New York’s Governor Hochul signed two bills into law in December that modify New York’s breach notification law. One that has already gone into effect replaces the “in the most expedient time” type of language with an actual deadline of 30 days from discovery of a breach but retains an exception for the legitimate needs […]
The Department’s Office for Civil Rights seeks to update HIPAA Security Rule for the first time since 2013 Source: U.S. Department of Health and Human Services, December 27, 2024
For a while, it was just a recommendation. Now it’s mandatory. Federal civilian agencies were ordered to secure their Microsoft cloud systems after several recent cyber incidents. The Cybersecurity and Infrastructure Security Agency (CISA) issued a binding directive on Tuesday giving federal agencies a series of deadlines to identify cloud systems, implement assessment tools and abide by […]
It is the first lawsuit filed by a state attorney general against Change Healthcare over the February breach that affected 100,000 Americans. From the state’s December 16 press release: Download the court filing.
A press release from the DPC explains the penalty:
ADMINISTRATIVE PROCEEDINGFile No. 3-22360 December 16, 2024 – The Securities and Exchange Commission today filed settled charges against Flagstar Bancorp, Inc. (now known as “Flagstar Financial, Inc.”), for making materially misleading statements regarding a cybersecurity attack on Flagstar’s network in late 2021 (the “Citrix Breach”). The SEC’s order finds that Flagstar negligently made materially misleading statements […]
Deloitte has been getting its name in the news this month, but not in a good way. First, a ransomware group named “Brain Cipher” claimed to have attacked Deloitte UK. Deloitte responded to their claims by denying that their network was breached and stating that the breach involved a single client’s system that is not […]
Should regulators do more naming and shaming?
The U.K. Information Commissioner’s Office did an interesting two-year trial and the results suggest that publicly reprimanding public sector entities over breaches and data leaks is an effective strategy — even without any monetary penalties. Infosecurity Magazine reports: The publication of reprimands following data leaks has been cited as an “effective” deterrent for public authorities. […]