California’s ambitious new data privacy law, the California Consumer Privacy Act of 2018 (“CCPA”), will go into effect on January 1, 2020 and promises to bring a new era of digital regulation to America’s shores. ...more
3/4/2019
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
Financial Institutions ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Personal Data ,
Personally Identifiable Information ,
Privacy Laws
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
As of August 28, 2017, insurance companies, banks, and other financial services companies regulated by the New York Department of Financial Services (“DFS”) must comply with an initial wave of new cybersecurity requirements...more
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
On January 10, 2017, the National Institute of Standards and Technology (“NIST”) released a proposed update to its popular cybersecurity blueprint for organizations and businesses, known as the Framework for Improving...more
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
The Supreme Court in Shaw v. United States recently held that the federal bank fraud statute does not require that defendants cause, or intend to cause, an actual financial loss to the financial institutions they seek to...more
12/20/2016
/ Bank Fraud ,
Bank Fraud Act ,
Banking Sector ,
Banks ,
Criminal Prosecution ,
Cyber Crimes ,
Cybersecurity ,
Financial Institutions ,
Hackers ,
Popular ,
SCOTUS ,
Shaw v United States
After a conventional presidential campaign, determining the policy priorities and direction of the incoming administration with respect to the Justice Department’s white collar law enforcement responsibilities can be a...more
11/30/2016
/ Affordable Care Act ,
Anti-Bribery ,
Bribery ,
BSA/AML ,
Corruption ,
Cybersecurity ,
Decriminalization of Marijuana ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Export Controls ,
False Claims Act (FCA) ,
FBI ,
Foreign Corrupt Practices Act (FCPA) ,
Generic Drugs ,
Healthcare ,
Healthcare Fraud ,
Medical Marijuana ,
National Security ,
Non-Prosecution Agreements ,
Office of Foreign Assets Control (OFAC) ,
Pharmaceutical Industry ,
Popular ,
Prescription Drugs ,
Regulatory Oversight ,
RICO ,
Securities and Exchange Commission (SEC) ,
Surveillance ,
White Collar Crimes
When President Obama signed into law the Cybersecurity Act of 2015, which was designed to facilitate information sharing on cybersecurity threats between the public and private sectors, proponents hailed it as “our best...more
Last week, decisions by the United States Supreme Court and the Northern District of Georgia provided further guidance regarding the narrow path required for a class action plaintiff to successfully establish Article III...more
5/24/2016
/ Article III ,
Class Action ,
Cybersecurity ,
Data Breach ,
Fair Credit Reporting Act (FCRA) ,
Home Depot ,
Injury-in-Fact ,
Malware ,
Popular ,
SCOTUS ,
Spokeo v Robins ,
Standing ,
Statutory Damages