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Equifax Data Breach Highlights SEC Disclosure Obligations for Public Companies in the Wake of Cybersecurity Attacks

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

The Equifax Breach: How to Protect Your Company and Your Customers

by McGuireWoods LLP on

On September 7, Equifax, one of the three major credit reporting firms in the U.S., disclosed a data breach that potentially affects 143 million consumers. Equifax’s disclosure indicated that the breach, which Equifax claims...more

[Event] 2017 Cybersecurity Symposium - October 23rd, Los Angeles, CA

by Nossaman LLP on

Nossaman LLP and University of California, Irvine School of Law invite you to join us for "Cybersecurity, Data Breach, and Privacy: A Real World Perspective on Prevention, Response and the Future." This complimentary...more

GDPR Update Data breaches and notifications (Dutch)

by Dentons on

Under the GDPR, data security plays a prominent role and the GDPR imposes strict obligations on data controllers and data processors regarding security. While the Dutch Data Protection Act (DDPA) already includes a data...more

GDPR Update: Data Breaches and Notifications

by Dentons on

Under the GDPR, data security plays a prominent role and the GDPR imposes strict obligations on data controllers and data processors regarding security. While the Dutch Data Protection Act (DDPA) already includes a data...more

New York DFS Tightens Cybersecurity Gaps

by Carlton Fields on

Equifax takes no deposits and makes no loans, but New York now says that it, as well as all other consumer reporting agencies, must protect consumer data to the same degree as banks and other financial institutions. On...more

SEC Chair Clayton’s Statement on Cybersecurity: EDGAR was Hacked

SEC Chairman Jay Clayton today issued an unusual statement highlighting the importance of cybersecurity to the agency and market participants, and detailing the agency’s approach to cybersecurity as an organization and as a...more

Advanced Weather Data: Vital for the Future of Commercial Drone Operations

Back in December 2016, Amazon executed its first customer delivery by drone in the United Kingdom. Now, as Amazon, and other large retailers, aim for widespread deployment of drones for the delivery of goods to consumers, it...more

Report: Employees Cited As Prime Cause Of Data Breaches At Small, Mid-sized Companies

by Fox Rothschild LLP on

For small and medium-sized businesses, the most dangerous cyberthreat may come from within. IT industry publication TechRepublic reports that a newly released study by Keeper Security and the Ponemon Institute suggests...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

The Systemic Risk Council—a heady group of “former top financial regulators, regulators, policymakers and academics”—is warning that the rollback of Dodd-Frank and other financial regulators could lead to bank failures and...more

Lessons from the Equifax Breach

by Poyner Spruill LLP on

As data breaches go, they don’t get much bigger than this. On Thursday, September 7, credit reporting giant, Equifax, reported that it had suffered a cyber-incident. 143 million consumer records, including names, birth dates,...more

Give Your Customers the Gift of Security

by Perkins Coie on

2017 has reminded us that data security threats continue to evolve and that the stakes for companies can be very high if their data security programs fail to evolve as well. Before the recent announcement of Equifax’s...more

Equifax Data Suppliers Urged by DFS to Give Hack “Highest Degree of Attention”

Yesterday, New York’s top financial regulator asked state-chartered banks and insurers to take immediate precautions to protect consumers and the financial markets “in light of the cybersecurity attack” at Equifax Inc....more

Defending Breach-Of-Contract Claims In Data-Breach Litigation

by Ellis & Winters LLP on

We’ve previously discussed the “overpayment” theory of injury in data-breach litigation. This theory rests on the premise that the price of a product or service includes a payment for data security measures. When a data...more

The Mintz Matrix – September 2017

As data breaches dominate national headlines it remains important as ever for businesses to invest in security and to be ready to respond if a breach occurs. Part of your preparedness program should be staying current on data...more

Beyond Care, Custody, and Control: Data Security Best Practices for the Transportation and Logistics Sector

by Benesch on

The receipt, storage, and handling of sensitive shipper data occurs, often frequently and in real-time, alongside the flow of goods. Commercial shippers are well aware of the supply chain security risk to the materials and...more

The State AG Report Weekly Update

by Cozen O'Connor on

AG Elections- Democrat Aaron Ford Announces Bid for Nevada Attorney General- Democratic state Senate Majority Leader Aaron D. Ford announced his candidacy to become Nevada AG. He is the first major-party candidate to...more

Here’s a Factor That Can Reduce the Potential for Account Hacks: Cybersecurity Best Practices

by CloudNine on

The data breaches just keep coming.  Equifax is the latest hacking victim to a tune of 143 million US customers – approximately 44 percent of the population.  Perhaps if they, and other organizations recently breached, had...more

Equifax Breach Affects 143M: If GDPR Were in Effect, What Would Be the Impact?

by Foley & Lardner LLP on

The security breach announced by Equifax Inc. on September 7, 2017, grabbed headlines around the world as Equifax revealed that personal data of roughly 143 million consumers in the United States and certain UK and Canadian...more

Be Smart about Insurance for the Smart Grid: Coverage for Losses from Cyber Events—Part II

by Blank Rome LLP on

In Part I of this two-part series, I identified first-party and third-party insurance claims that could result from a cyber event or attack on the Smart Grid. In this part, I examine how insurance policy language governs...more

Mitigating Third Party Data Breach Risks

by Reed Smith on

Increasingly, organizations look to third parties to collect, process, and store their data. In some instances, organizations reduce their net risk by outsourcing these data functions to companies with a core competence in...more

Data Breach Preparedness: A Critical Risk Management Priority For Small And Mid-Sized Businesses

by Jackson Lewis P.C. on

After hearing a lot lately about big companies suffering data breaches, it is important to remember that, according to inc.com, half of all cyberattacks target small to mid-sized businesses (SMBs). Based on a 2016 State of...more

I May Have Been Affected by the Equifax Breach: Now What Do I Do?

by Balch & Bingham LLP on

If you’ve seen the news, you’re probably aware that Equifax announced last week that hackers had breached some of its website application software, potentially affecting the sensitive personal information of approximately...more

2017 Data Breach Litigation Report

by Bryan Cave on

2016 was another year in which data breaches continued to dominate the headlines, a constant reminder to people that their personal information was vulnerable and the target of criminal attacks. Yet, despite the fact that...more

Equifax Hack Endangers Millions of Consumers

Equifax, one of the three major consumer credit reporting agencies in the United States, disclosed yesterday that hackers had breached its security systems and stolen information relating to as many as 134 million American...more

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