Legal News
June 05, 2025
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California Court Holds Defendants Liable for Fraudulent Wire Transfer

If a firm falls for a business email compromise or fraud and wires payment to a fraudster, it will still have to pay the correct party. From the Proskauer law firm, a post about a recent case: A case of first impression decided by the California Court of Appeal, Fourth Appellate District demonstrates the high […]

Legal News
June 04, 2025
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North Dakota Enacts Financial Data Security and Data Breach Notification Requirements

The Hunton Andrews Kurth law firm has posted a summary of new law in North Dakota that affects financial corporations: On April 11, 2025, the North Dakota governor signed H.B. 1127 (the “Act”), which establishes new data security measures and breach notification obligations for financial corporations. Covered entities include those that are regulated by the North Dakota […]

Legal News
June 01, 2025
358 views 2 mins 0

Mid-year State Privacy and Enforcement Updates

James Sherer of BakerLaw recently sent out an interesting email update on state laws, which we are passing along to our readers: If you would like to receive the firm’s CLE/weekend update emails, reach out to jsherer@bakerlaw.com.

Legal News, Data Breach News, Malware Ransomware
May 31, 2025
906 views 53 secs 0

Australian ransomware victims now must tell the government if they pay up

The Record reports: Australia became on Friday the first country in the world to require victims of ransomware attacks to declare to the government any extortion payments made on their behalf to cybercriminals. The law, initially proposed last year, only applies to organizations with an annual turnover greater than AUS $3 million ($1.93 million) alongside a smaller […]

Data Breach News, Legal News, Malware Ransomware
May 31, 2025
1005 views 58 secs 0

US medical org pays $50M+ to settle case after crims raided data and threatened to swat cancer patients

The Register reports: A Seattle cancer facility has agreed to fork out around $52.5 million as part of a class action settlement linked to a Thanksgiving 2023 cyberattack where criminals directly threatened cancer patients with swat attacks. The Fred Hutchinson Cancer Center (Fred Hutch) disclosed its November 2023 attack a month later, after it confirmed […]

Legal News, Data Breach News, Finance, News
May 28, 2025
1038 views 15 secs 0

Banks Want SEC to Rescind Cyberattack Disclosure Requirements

PYMNTS reports: American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements.  These groups, led by the American Bankers Association (ABA), wrote to the SEC last week, contending that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to protect critical infrastructure and warn potential victims.” Joining the ABA were the Securities Industry […]

Legal News, Data Breach News
May 24, 2025
1031 views 32 secs 0

FTC Fines GoDaddy for Weak Security, Data Breaches

The Southern Maryland Chronicle reports: The Federal Trade Commission finalized a settlement with GoDaddy on May 23, 2025, addressing allegations that the web hosting provider misled consumers about its data security practices, leading to multiple data breaches. The order, approved unanimously by a 3-0 vote, mandates significant security upgrades and prohibits GoDaddy from making false […]