Litigation and legal developments concerning data breaches.
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 […]
From the NYS Attorney General’s Office:
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 […]
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 […]
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 […]
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 […]
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: […]
The Record reports: The FBI has published guidance on how companies can request a delay in disclosing cyber incidents to the Securities and Exchange Commission (SEC). The document is a followup to new rules that the SEC approved in June requiring companies to quickly disclose “material” cybersecurity incidents and share the details of their cybersecurity risk management, […]
Constangy, Brooks, Smith & Prophete, LLP writes: As we near the end of another year, it is time to look ahead to developments in the information security and privacy landscape. One area of particular importance is the development of regulations implementing the Cyber Incident Reporting for Critical Infrastructure Act of 2022. CIRCIA, which was signed into […]
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 […]