News, Data Breach News, Legal News
February 02, 2024
606 views 7 mins 0

FTC Order Will Require Blackbaud to Delete Unnecessary Data, Boost Safeguards to Settle Charges its Lax Security Practices Led to Data Breach

Federal Trade Commission building, Washington D.C.

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 […]

Legal News
February 02, 2024
1111 views 3 mins 0

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 […]

Legal News, News
January 30, 2024
1199 views 10 mins 0

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, […]

News, Data Breach News, Legal News
January 29, 2024
1140 views 20 secs 0

Ex-IRS Contractor Who Leaked Trump, Griffin Tax Data Gets Five Years in Prison

Bloomberg News reports: A former Internal Revenue Service contractor who stole and leaked the tax returns of former President Donald Trump, Ken Griffin, Elon Musk and other billionaires was sentenced to five years in prison. Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Trump’s tax data from the IRS and leaking it to the New York Times. He also admitted taking tax […]

Legal News, Data Breach News
January 28, 2024
1091 views 6 secs 0

SolarWinds Seeks Dismissal of ‘Unfounded’ SEC Cybersecurity Suit

Bloomberg Law reports on a case that probably has a lot of CISOs somewhat nervous: SolarWinds Corp. issued a full-throated denial of wrongdoing in how it handled one of the worst cyberattacks in history in a Friday court filing seeking the dismissal of US Securities and Exchange Commission allegations that its software security representations defrauded […]

Consumer Alerts, Legal News
January 26, 2024
599 views 38 secs 0

California Privacy Protection Agency Launches New Website with Privacy Rights Resources

Robinson + Cole informs us that the California Privacy Protection Agency (CPPA) has opened a new website at https://privacy.ca.gov/ with resources for California residents to help them understand their rights under the California Consumer Privacy Act (CCPA). The resources include how to submit a complaint against a business that has violated consumer rights under the […]

Legal News, News
January 26, 2024
1072 views 2 mins 0

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
1168 views 21 secs 0

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
1164 views 4 mins 0

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 […]