News & Analysis as of

Cyber Crimes Cybersecurity

New Mexico becomes 48th state to enact data breach notification law

by Ballard Spahr LLP on

New Mexico recently became the 48th state to enact a data breach notification law. This continues the accelerated pace of state data breach legislative activity in the last two years. Since 2015, at least 41 states have...more

ACC Issues Data Security Guidelines for In-House Counsel to Evaluate Law Firms

The Association of Corporate Counsel (ACC) has issued its first-ever data security guidelines, which outline basic data security measures that in-house counsel can use to evaluate their outside counsel....more

"The Emerging Need for Cybersecurity Diligence in M&A"

Cybercrime has emerged as one of the foremost threats a company faces. As a result of a few keystrokes, a company may find its customers’ data sold on the dark web, its intellectual property in the hands of a competitor or...more

Data Breach Risks for 401(k) and Retirement Plans

by Jones Day on

There has been a recent spike in attacks on 401(k) and retirement plans by cyber criminals. Some have been reported publicly, and we are aware of several nonpublic incidents as well....more

Top cybersecurity developments in 2017 for ADG companies

by Hogan Lovells on

While all companies should be concerned with their cybersecurity posture, companies in the aerospace, defense, and government services (ADG) industry are potentially subject to greater risks due to the industry's highly...more

A New Frontier In Law Firm Cyber Risk: Client Class Actions

by Jackson Lewis P.C. on

That an actual breach of client information could expose your law firm to legal and business risks is unsurprising. The risks posed by a potential breach, however, may be something your firm has not yet carefully considered...more

Cybercrime and Data Breach a Rising Threat to All Employers

by Conn Maciel Carey LLP on

Over the past six months, we have observed a significant uptick in inquiries about data breach and other cyberthreats from area businesses. We are asked about pursuing claims for recovery of funds lost due to fraud by...more

Corporate South Africa still not taking cybercrime seriously enough

by Dentons on

The growing reliance of business on technology is driving an exponential growth in cybercrime – but companies in both the public and private sectors are not taking the threat seriously enough, says David Loxton, partner at...more

Federal Agencies Hit with 30,899 Cyberincidents in 2016

The Office of Management and Budget (OMB) released a report this week indicating that federal agencies experience almost 31,000 cyberincidents in 2016. The Federal Deposit Insurance Corporation was responsible for 10 of 16...more

Cybercrime and Cybersecurity Bill was tabled in Parliament on 21 February 2017

by Hogan Lovells on

Incidences of cybercrime and cybersecurity breaches are rapidly escalating, both internationally and in South Africa. South Africa is a target for cybercrime on the African continent, due to comparatively high internet...more

“W-2 Phishing Attacks Targeting Businesses to Cash in on Busy Tax Season: 10 Tips to Protect Your Business”

by Sedgwick LLP on

Cyber criminals are taking advantage of tax season to lure valuable W-2 information from vulnerable businesses. An example of a common phishing scheme starts with a scammer posing as a legitimate employee of a company,...more

Privacy Tip #77 – FTC Offers Tips to Businesses That Have Been Impersonated by Phishing Schemes

On March 6, 2017, the Federal Trade Commission (FTC) released tips and a video to businesses that have been impersonated by Phishing schemes. The guidance, entitled “Has a phishing scam hooked your company’s good name?”...more

Let's Go Phishing!

by Fisher Phillips on

Emails, lots and lots of emails, filling our inboxes. Even with the best security and filters, it seems that hackers are simply building better mousetraps. The bigger problem, however, is the trusting nature of individuals...more

Spring has Sprung — and so have New York Cybersecurity Regs

The beginning of March, and a spell of unseasonably warm weather, graced the Northeast this week. So too did New York’s first-in-the-nation cybersecurity regulations. As we reported here in January, the initial launch of...more

New York Department of Financial Services Finalizes Cybersecurity Proposal

On February 16, 2017, the New York Department of Financial Services (the “DFS”) released a final version (the “Final Regulation”) of its proposed regulation, previously released in an earlier revised form on December 28,...more

New York State Releases Final “First-In-Nation” Cybersecurity Rules

The New York Department of Financial Services (“DFS”) recently released the much-anticipated final version of its “first-in-nation” cybersecurity rules that it first announced in the fall of last year. The rules require a...more

Chairman McCaul Warns The United States Is Falling Behind In Cyber War

by King & Spalding on

At the 2017 RSA Conference held last week in San Francisco, California, House Homeland Security Committee Chairman Michael McCaul (R-TX) was ominous in his assessment of the country’s efforts to deter cyber-attacks. In a...more

Cyber Security and Social Engineering: A Big Low Tech Problem

by LeClairRyan on

Headline-grabbing cyber hacks of email accounts belonging to celebrities, corporations, government officials and political campaigns are becoming the norm. Cybersecurity intended to guard against these acts brings to mind...more

Yahoo Data Breach Update: A Third Notification + Shareholders Sue

Last week, Yahoo issued another warning to some of its customers telling them that their personal information may have been compromised in a data breach. This is the third notification to Yahoo users that their information...more

Sony Cyber-Attackers Lurking at Financial Supervisor “Watering Hole” Target Banks and Others

Cybersecurity specialists at BAE Systems and Symantec announced last week new evidence suggesting that the criminals behind the notorious 2014 attack on Sony Corp. are also responsible for recent cyber-attacks involving 104...more

Notable New State Privacy and Data Security Laws – Part Two

by Snell & Wilmer on

This is the second in a two-part series addressing recent developments in state privacy and data security laws. This article addresses new laws about student privacy, enforcement/ punishment for data privacy and security...more

Cybersecurity Obligations of Directors - Guidance from the United States Decisions

by Bennett Jones LLP on

Your organization will in all likelihood suffer a cyberattack. According to a recent study by Accenture, the average Canadian organization faces about 96 cyberattacks per year, nearly one third of which result in a security...more

CFOs Identify Cyber-Attacks as One of their Top Operational Risks

FM Global and CFO Research Services have partnered together and recently issued a study titled “Finance’s Role in Operational Risk Management: CFO Research on Building a Resilient Company.” ...more

Eighth Circuit Remands Proposed Settlement in Target Data Breach Class Action

by Ballard Spahr LLP on

The Eighth Circuit Court of Appeals has remanded a $10 million settlement in the Target data breach class action on the grounds that the district court had not rigorously analyzed the propriety of the class...more

6 Things to Know About Cyber Liability Insurance

Are you covered? Here are 6 things to know about cyber liability insurance (also known as data breach insurance): Coverage is still evolving. Over 60 insurance companies – maybe more – offered such a policy; however,...more

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Cybersecurity

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