In the wake of last month’s historic cyber breach of Equifax, which resulted in the theft of sensitive personal information belonging to over 140 million Americans, states have wasted no time in seeking a greater role in...more
10/13/2017
/ Credit Reporting Agencies ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Enforcement Actions ,
Equifax ,
Government Investigations ,
Hackers ,
Personally Identifiable Information ,
Popular ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Standards ,
Risk Management
On September 7, 2017, Equifax, one of the country’s three primary credit reporting bureaus, announced it had suffered a major cybersecurity breach that could potentially affect half of the U.S. population. According to the...more
9/25/2017
/ Class Action ,
Corporate Counsel ,
Credit Reporting Agencies ,
Cyber Attacks ,
Data Breach ,
Disclosure Requirements ,
Equifax ,
Hackers ,
Identity Theft ,
Non-Public Information ,
Personally Identifiable Information ,
Popular ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Violations
Last week’s massive ransomware attack should serve as a wake-up call that companies across all industries and regions must take the threat of global cyber attacks seriously. Although investigators are still uncovering...more
5/17/2017
/ Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Hackers ,
Malware ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Ransomware
Last year’s proposed comprehensive framework for cybersecurity rules for large financial institutions is suddenly facing an uncertain future. With the comment period having closed as of February 2017, the framework was facing...more
3/13/2017
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Cyber Attacks ,
Cybersecurity ,
Cybersecurity Framework ,
Deregulation ,
Fair Credit Reporting Act (FCRA) ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
NIST ,
NYDFS ,
Popular ,
Regulatory Oversight ,
Risk Management ,
Risk Mitigation ,
Trump Administration
In a case of “cyber meets securities fraud,” the United States Attorney’s Office for the Southern District of New York (“SDNY”) recently indicted three foreign nationals on charges of insider trading, wire fraud, and computer...more
1/17/2017
/ Acquisitions ,
Confidential Information ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Security ,
Electronically Stored Information ,
Email ,
Foreign Nationals ,
Hackers ,
Insider Trading ,
Internet ,
Legal Representatives ,
Malware ,
Mergers ,
Non-Public Information ,
Popular ,
Risk Management ,
Securities Exchange Act ,
Wire Fraud
On December 31, 2015, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued regulations implementing Executive Order 13694 of April 1, 2015, which authorized the imposition of economic sanctions on...more