Finance, Legal News, News
November 02, 2023
1068 views 14 secs 0

NY Financial Regulator Rolls Out Updated Cybersecurity Standards

Bloomberg reports: New York regulators assigned heightened cybersecurity requirements to banks, insurers, and financial services providers based in the state with the release of finalized rule amendments Wednesday. Covered entities will have to use multifactor authentication, expand cybersecurity governance duties, and conduct consistent threat testing under the regulation updated by the New York Department of Financial Services. […]

Legal News, Healthcare, Malware Ransomware
October 31, 2023
2045 views 8 mins 0

HHS settles its first ransomware investigation case: Doctors’ Management Services

Today, the U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR) announced a settlement under the Health Insurance Portability and Accountability Act (HIPAA) with Doctors’ Management Services, a Massachusetts medical management company that provides a variety of services, including medical billing and payor credentialing. The HIPAA Privacy, Security, and Breach Notification […]

Legal News
October 31, 2023
494 views 17 secs 0

OCR Releases Cybersecurity Video: How the HIPAA Security Rule Can Help Defend Against Cyber-Attacks

From HHS OCR: In recognition of National Cybersecurity Awareness Month, OCR has produced a new video this October for organizations covered under the HIPAA Rules on how the HIPAA Security Rule can help regulated entities defend against cyber-attacks. The video is available in English and Spanish. This presentation is intended to educate the health care […]

Legal News
October 31, 2023
959 views 36 secs 0

Colorado GOP Wants Inquiry into Delayed Notification of Data Breach

GovTech reports: Colorado House Republican leaders on Monday called for an investigation into why Colorado’s higher education agency allegedly failed to timely report a massive data breach this summer. In a two-page letter hand-delivered to Gov. Jared Polis and Attorney General Phil Weiser, five state representatives also urged an inquiry into why thousands potentially affected […]

Legal News, Malware Ransomware, News
October 31, 2023
956 views 50 secs 0

The U.S. And Its Allies Are Pledging Never To Pay Hacker Ransoms

An outstretched hand with the word "NO!"

Eric Geller reports: The Biden administration and dozens of foreign allies will pledge this week never to pay ransoms to hackers who lock up their national governments’ computer systems, hoping to discourage financially motivated cyber criminals from seeing those systems as attractive ransomware targets. The joint promise will occur as part of the third annual […]

News, Legal News
October 27, 2023
1116 views 2 mins 0

FTC announces new Safeguards Rule provision: Is your company up on what’s required?

Federal Trade Commission

October 2023 marks the 20th anniversary of the effective date of the Gramm-Leach-Bliley Safeguards Rule. Its purpose then – and its purpose now – is to protect consumers by requiring entities covered by the Rule to “develop, implement, and maintain reasonable administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of customer […]

Legal News
October 27, 2023
949 views 14 secs 0

California Enacts Amendments to the CCPA and Other New Laws

Hunton Andrews Kurth writes: On October 8, 2023 and October 10, 2023, California Governor Gavin Newsom signed A.B. 947, A.B. 1194, S.B. 362 and S.B. 244 into law. A.B. 947 amends the California Consumer Privacy Act of 2018’s (“CCPA”) definition of “sensitive personal information” to include personal information that reveals a consumer’s “citizenship or immigration status,” while A.B. 1194 amends the […]

Legal News, Vulnerabilities
October 25, 2023
1108 views 16 secs 0

Hackers leveraging AI: vulnerability for law firms

Don Nokes of NetCenergy, an outsourced IT service provider, explains the emerging threat and provides this example: Once the bad actors learn (possibly from first hacking a firm’s email) that a financial transaction is taking place, they send an AI-generated voice message to confirm where to send the funds. The fund transferer hears the familiar […]

Legal News
October 24, 2023
1310 views 2 mins 0

Changes to Notification and Security Requirements Continue at the Federal Level

In October 2023, Perkins & Coie published an update to existing federal breach notification laws. They write: Following last year’s passage of the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) (rulemaking for which should formally commence in 2024), the major action on the federal front this year came from the SEC, which formalized disclosure […]

Legal News
October 24, 2023
1011 views 2 mins 0

Updates to state laws on security requirements

In October 2023, Perkins & Coie published an update to state laws for data security requirements: In addition to revisions to breach notification statutes, states are making a variety of changes to substantive data security obligations. Changes applicable to private companies include: For details on the above, see the Perkins & Coie article on their […]