Legal News, News
January 26, 2024
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Looking Ahead to the FTC’s Implementation of the Data Breach Notification Rule for Nonbanking Financial Institutions

From the law firm of Polsinelli PC: Beginning on May 13, 2024, nonbanking “financial institutions” must notify the Federal Trade Commission (“FTC”) within 30 days of discovering a data breach involving the nonpublic personal information of at least 500 consumers. These covered organizations can include a wide variety of companies that engage in financial activities […]

Data Breach News, Legal News
January 18, 2024
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23andMe Blames Victims For Data Breach

Today’s General Counsel reports: Genetic testing company 23andMe, which is facing more than 30 lawsuits from the victims of a massive data breach, is claiming that the victims themselves are to blame for the loss of their own data, TechCrunch reports.  In a letter to hundreds of 23andMe users suing the company, 23andMe said the victims “negligently […]

Legal News, Commentaries and Analyses
January 13, 2024
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Superintendent Adrienne A. Harris announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs

In connection with the settlement, Genesis Global Trading will surrender its BitLicense New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today announced that Genesis Global Trading, Inc. (“Genesis Global Trading”) will pay an $8 million penalty to New York State for compliance failures that violated DFS’s virtual currency and cybersecurity regulations […]

News, Legal News, Vendor News
January 07, 2024
1106 views 35 secs 0

Law firm that handles data breaches was hit by data breach

TechCrunch reports: An international law firm that works with companies affected by security incidents has experienced its own cyberattack that exposed the sensitive health information of hundreds of thousands of data breach victims. San Francisco-based Orrick, Herrington & Sutcliffe said last week that hackers stole the personal information and sensitive health data of more than 637,000 […]

Legal News, News
December 20, 2023
949 views 3 mins 0

Cybercrime: the fear of a possible misuse of personal data is capable, in itself, of constituting non-material damage under the GDPR

Judgment of the Court in Case C-340/21 The Bulgarian National Revenue Agency (the NAP) is attached to the Bulgarian Minister for Finance. In particular, it is responsible for identifying, securing and recovering public debts. In this context, it is a personal data controller. On 15 July 2019, the media reported an intrusion into the NAP […]

Legal News
December 16, 2023
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US SEC says no to new crypto rules; Coinbase asks court to review

Reuters reports: The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global (COIN.O) seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally […]

Legal News, News
December 14, 2023
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FCC Adopts Updated Data Breach Notification Rules To Protect Consumers

Commission to Expand Scope and Rule Requirements to Reflect Current Security Landscape WASHINGTON, December 13, 2023—The Federal Communications Commission today adopted rules to modify the Commission’s 16-year-old data breach notification rules to ensure that providers of telecommunications, interconnected Voice over Internet Protocol (VoIP), and telecommunications relay services (TRS) adequately safeguard sensitive customer information.  Today’s action […]

Legal News
December 14, 2023
1038 views 48 secs 0

Feds brace for implementation of SEC cyber disclosure rules

The Record reports: The U.S. government is readying to implement contentious new disclosure rules for digital attacks that could both create headaches for the private sector and law enforcement and shed invaluable light on the state of ransomware and online threats. On December 18, a rule passed earlier this year by the Securities and Exchange […]

Legal News
December 12, 2023
992 views 56 secs 0

Navigating the complexities of regulatory data incident investigations

From the law firm of Troutman Pepper Hamilton Sanders LLP: It is indeed a tangled regulatory web woven to potentially trap an organization in the wake of a data incident. Navigating this web can involve significant resources, time, and stress. As we discussed in part two of this series, “Your organization has suffered a data incident: […]