News & Analysis as of

Cybertheft

Shipkevich PLLC

CFPB Releases Complaint Bulletin Analyzing Crypto-Asset Consumer Complaints; Tips for Consumers to Protect Themselves from...

Shipkevich PLLC on

On November 10, 2022 the Consumer Financial Protection Bureau (CFPB) released a complaint bulletin (“bulletin”) that provides an analysis of consumer complaints the CFPB has received from October 2018 to September 2022...more

Kohrman Jackson & Krantz LLP

The FBI Warns Clevelanders About a Rise in Digital Theft

Cellphones have become a necessity for many people throughout the world, allowing convenience and interconnectivity in the palm of our hands – but they’ve also opened the door to a new type of theft. On April 26, the...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - August 2021

Robinson & Cole LLP on

CYBERSECURITY - Extortion Doesn’t Work for EA Sports Hackers - According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they...more

Robinson+Cole Data Privacy + Security Insider

Extortion Doesn’t Work for EA Sports Hackers

According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they were in possession of EA data seeking a sale price of $28 million....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2021 #2

Robinson & Cole LLP on

Cyber-attacks and Cybersecurity Failure Are Top Risks of the Next Decade Says World Economic Forum - Although somewhat obvious, the World Economic Forum, in partnership with Marsh McLennan, SK Group and Zurich Insurance...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #271 – Getting In on the Cryptocurrency Frenzy? Assess Risk of Theft First

Oh, if I had just bought that Bitcoin when I first thought about it a decade ago…I might risk a flight to Fiji right now, which is on my bucket list, even in the midst of the pandemic. Alas, I didn’t, because I assessed the...more

Faegre Drinker Biddle & Reath LLP

Plan Sponsor and Plan Administrator Escape 401(k) Plan Cybertheft Suit, But Recordkeeper Remains

An Illinois district court issued a split decision in a case involving the cybertheft of retirement plan assets, allowing the plan administrator and plan sponsor to be dismissed, but requiring the recordkeeper to defend...more

Groom Law Group, Chartered

Cybertheft Lawsuit: ERISA Fiduciary Breach Claims Dismissed Against Plan Sponsor but Move Forward Against Recordkeeper

On October 2, 2020, the Northern District of Illinois ruled on motions to dismiss in a closely-watched cybertheft lawsuit arising out of the theft of $245,000 from a participant’s account in the Abbott Laboratories Stock...more

Sheppard Mullin Richter & Hampton LLP

Cybercrime 2020 – The Rise of “Vishing”

As if 2020 hasn’t caused enough hardship and headaches for employers already, the FBI and U.S. Cybersecurity Infrastructure Security Agency (“CISA”) recently issued a joint Cybersecurity Advisory Alert warning employers about...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The threat of cyber theft from 401(k) accounts is real

The Matt Hutcheson and Jeff Richies of the world that steals from 401(k) plans where they are the fiduciary will ultimately get caught because when you steal millions, the plan sponsor and other plan providers will notice....more

Foley Hoag LLP - Security, Privacy and the...

Minimizing Risk and Liability from Man in the Middle Attacks (or, How to Keep Your Company’s Wire Transfers from Going Awry)

Imagine this scenario: you’ve had a productive and mutually advantageous ongoing contractual relationship of several years with another party. You have built up quite a bit of trust over the years, and communicate regularly...more

Skadden, Arps, Slate, Meagher & Flom LLP

Resolving the China Trade War: Will Any Resulting Agreement Be Both Meaningful and Enforceable?

The recent sluggishness of the Chinese economy and tariffs imposed by the U.S. government on Chinese-origin imports have created favorable conditions for negotiations between the two governments. The dialogue is aimed at...more

Proskauer - The Capital Commitment

Mt. Gox Debacle Showcases Cryptocurrency Litigation Concerns

The theft of millions of bitcoins and related failure of cryptocurrency exchange Mt. Gox—recently written about in the Wall Street Journal—provides a perfect example of how cryptocurrency-related issues can blossom into one...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private....more

Robinson+Cole Data Privacy + Security Insider

Virginia Bank Hacked Twice with Phishing Schemes Losing $2.4 Million

In a lawsuit against its insurance company requesting reimbursement for close to $2.4 million from two different hacking incidents, National Bank of Blacksburg detailed the intrusions, which are instructive of a sophisticated...more

Orrick, Herrington & Sutcliffe LLP

A Cloud on the Horizon: Trade Secret Theft in the Cloud

As cloud services have transformed modern business, they have also changed the way companies protect and enforce their trade secrets. Companies and their employees increasingly store data on cloud - based platforms. While...more

Robinson+Cole Data Privacy + Security Insider

HaoBao Malware Hitting Banks Scans for Bitcoin Activity

Lazarus, the well-known hacking group responsible for the WannaCry ransomware attack from last year, as well as the attack on the Bangladesh Central Bank and Sony, is now targeting global financial firms and Bitcoin adopters...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

A quiet Monday appears to be leading to a busy Tuesday morning, with Qualcomm upping its bid for NXP (in a move that could help it fend off Broadcom) and Albertson’s looking to join forces with what’s left of Rite Aid Corp...more

Skadden, Arps, Slate, Meagher & Flom LLP

Key Considerations to Protect Against Insider Threats in Cybersecurity

Most companies have strengthened their cybersecurity defenses against outside hackers, but many often neglect the equal threat posed by those within their network walls — employees who already have privileged access to...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

With Davos 2018 in the rear view mirror, some analysts are pegging the “geopolitical momentum” as China’s to claim, thanks in no small part to its expansive and ongoing “Belt and Road” initiative....more

Seyfarth Shaw LLP

Enlisting Government Help to Protect Your Trade Secrets

Seyfarth Shaw LLP on

“I’m from the government and I’m here to help.” Yeah, right. Most businesses think protecting their intellectual property is their own responsibility, and it is. But what about when your intellectual property rights are...more

Foley Hoag LLP

Cybersecurity 2017: The Year in Preview

Foley Hoag LLP on

Introduction - Cybersecurity was a prominent factor in 2016 in all aspects of government, business and personal affairs. Russian and other foreign national hacking has the potential to spark a new form of cold...more

Manatt, Phelps & Phillips, LLP

Intellectual Property Law - December 2016

Design Patents—Supreme Court Decides Samsung v. Apple - Why it matters: On December 6, 2016, the Supreme Court decided Samsung v. Apple, holding that, for purposes of a "total profits" damages award for infringement of a...more

Robinson+Cole Data Privacy + Security Insider

SWIFT CEO announces customer security programme

Following a series of thefts from international banks utilizing the Society for World Interbank Financial Telecommunication (SWIFT) communication system, the Chief Executive Officer of SWIFT announced a sweeping five part...more

King & Spalding

Trade & Manufacturing - October 2015

King & Spalding on

Ending the Crude Oil Export Ban - On September 17, the House Energy and Commerce Committee passed a bill to end the 40-year-old ban on the export of domestic crude oil. The Committee vote was passed by a Republican...more

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Privacy Officer
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Sausalito, CA 94965

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