Data Breach

$45 Million Cyber-Attack Is Object Lesson From Verizon Study Showing No Business Is Safe, But Financial Institutions Bear Big Data...

by Jeffrey Vagle | Pepper Hamilton LLP on 5/21/2013

Newspapers around the world recently reported that a sophisticated and well-coordinated cyber-attack resulted in the theft of $45 million from thousands of ATMs worldwide....more

Beyond Privacy Policies: Practical Privacy For Web Sites And Mobile Apps

by Anne Davies Newman | Pepper Hamilton LLP on 5/21/2013

In this environment of growing attention to the risks of data security breaches, and in the midst of an explosion of mobile applications that make data storage an increasingly far-flung proposition, many organizations assume...more

State Attorneys General Look Into Recent Data Breach Incident

by BuckleySandler LLP on 5/15/2013

On May 1, the Connecticut Attorney General, George Jepsen, and the Maryland Attorney General and NAAG President, Douglas Gansler, sent a letter to representatives of a “daily deals” website that recently disclosed a data...more

FTC Approves Order Settling Data Breach Charges

by BuckleySandler LLP on 5/15/2013

On May 3, the FTC approved a final order settling charges against a California-based cord blood bank firm alleged to have violated the FTC Act by failing to use reasonable and appropriate procedures for handling customers’...more

Data Breach - Your Organization Needs a Plan

by Nicole Reimann | Schnader Harrison Segal & Lewis LLP on 5/15/2013

The Privacy Rights Clearinghouse’s Chronology of Data Breaches lists 3,671 incidents affecting 607,295,463 records since 2005,1 including these three: - A worker steals customer records containing credit card, bank...more

Employer BYOD Concerns: Part 2 of It's 2013. Do You Know Where Your BYOD Policies Are?

by David Johnson, Joshua B. Konvisser | Pillsbury Global Sourcing Practice on 5/14/2013

In Part 2 of "It's 2013. Do You Know Where Your BYOD Policies Are?" we will discuss employer BYOD concerns. Check out Part 1 to learn more about employee interests; Part 3 will present developing trends and suggest best...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 10, 2013

by BuckleySandler LLP on 5/13/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PRIVACY/DATA SECURITY -...more

Cyber Risk Insurance May Cost More Than You Think

by Thomas Caswell, III | Zelle Hofmann Voelbel & Mason LLP on 5/9/2013

Since 2003, all but four states have enacted laws concerning data breaches and the protection of consumers’ personal information. This regulation of electronic data containing personal information and the protection of such...more

Insurance Coverage for Cyber Attacks

by Roberta Anderson | K&L Gates LLP on 5/8/2013

There’s no denying that the present-day Internet, while extraordinary, is increasingly scary. Cyber attacks of various types continue to escalate across the globe. As stated by one recent commentator: “Cybercrime is raging...more

Getting It In Writing - The Art of Policy Management

by NAVEX Global on 5/8/2013

Inside this e-Book: - Company Descriptions - Policy Management: From Dilbert to Reality - The Art of Managing Policy Exception Requests - From NAVEX Global: Business Case: The ROI of Policy Management -...more

Global Sourcing Group -- Spring 2013

by Morrison & Foerster LLP on 5/1/2013

Every year, we survey Morrison & Foerster’s Global Sourcing Group lawyers around the world to create a snapshot of the current state of the global outsourcing market and to identify emerging trends that are likely to shape...more

FTC, Rent-to-Own Stores Settle Charges of Spying on Consumers Via Rented Computers

by Jeff Ifrah on 4/29/2013

The Federal Trade Commission recently approved nine final orders that settle charges against seven rent-to-own stores and a software design firm and its principals. The charges stemmed from shocking allegations that the...more

Data Breach at Gunpoint

by Amy Malone | Mintz Levin - Privacy & Security on 4/25/2013

You might think that if you lock your backup tapes in a safe they are protected from a data breach, but Kmart’s recent data breach proves that’s not the case. Last month, a person held a Kmart employee in Little Rock,...more

The Legal Issues of Cloud-based Computing Services

by Lisa K. Abe-Oldenburg | Bennett Jones LLP on 4/25/2013

Business leaders are under tremendous pressure to maximize the value of their company's IT and data. Staying on top of the ever-changing technology and tools available today can be daunting and give rise to complex legal...more

Internet Regulation and Data Privacy in China

by Thomas M. Shoesmith | Pillsbury Winthrop Shaw Pittman LLP on 4/24/2013

China is the world’s second largest economy, with an annual growth rate of more than eight percent and a rapidly growing middle class. Foreign investment into China routinely exceeds US$100 billion a year. Businesses from all...more

Enough With The Unencrypted Portable Devices Says The Ontario IPC

by Tim Banks | Dentons on 4/23/2013

The #1 item on my “tough love list” for New Year’s 2013 was “Enough of the Unencrypted USB Keys“. You won’t have been alone if you didn’t tackle that in the first quarter of 2013. ...more

The New Normal: Taking Responsibility for Your Vendors [Video]

by Pepper Hamilton LLP on 4/19/2013

As financial institutions continue to strive for reduced costs and greater efficiencies, they are increasingly turning to third-party vendors to handle a wide variety of tasks, from marketing and sales to payment processing....more

Insurance Coverage for Class Action Lawsuits

by Judy Selby | BakerHostetler on 4/19/2013

Upon learning that his obituary had been published in the New York Times, Mark Twain famously quipped, “Reports of my death have been greatly exaggerated.” The same can be said about class action lawsuit filings after the...more

Information Security Implications for Business Agreements

by Robert Parr, Armand Zottola | Venable LLP on 4/18/2013

On February 12, 2013, President Obama signed an Executive Order (“Order”) that outlined a voluntary cybersecurity framework (“Framework”) designed to help protect the nation’s critical infrastructure, which is generally...more

Data Breach Class Actions Can't Survive Certification Without Expert Testimony On Classwide Damages

by Amelia Gerlicher, James McCullagh | Perkins Coie on 4/17/2013

This is the latest opinion in the ongoing litigation arising out of a massive data breach suffered by Hannaford Bros. grocery stores. In re Hannaford Bros. Privacy Litigation, __F. Supp. 2d __, Case No. 2:08-MD-1954-DBH, 2013...more

Breach of Privacy in the Cloud (Canada)

by Field Law on 4/12/2013

When a cloud privacy breach occurs in Canada, what happens? In some cases, businesses are subject to mandatory breach notification requirements. This means that a privacy breach - whether as a result of a hacker, a lost USB...more

The HIPAA Omnibus Final Rule—Data Privacy and Security Implications for Business Associates and Covered Entities

by Matthew Fischer | Sedgwick LLP on 4/11/2013

On January 17, 2013, the Office for Civil Rights (‘‘OCR’’) of the U.S. Department of Health and Human Services (‘‘HHS’’) published the HIPAA Omnibus Final Rule (‘‘Final Rule’’) which OCR has trumpeted as carrying ‘‘the most...more

Cybersecurity Disclosure: A Panel Discussion with the SEC’s Division of Corporation Finance

by Mintz Levin - Privacy & Security on 4/9/2013

Last week in Washington, D.C., this author had the opportunity to sit in on a panel discussion by the SEC’s Division of Corporation Finance (“CorpFin”) discussing, among other things, recent developments in cybersecurity...more

Feeling Cyber-Secure: Avoiding The Devastating Hacker

by Michael Schmidt | Cozen O'Connor on 4/8/2013

Pro-actively drafting cybersecurity policies and protocols is like doing a will for yourself, or an employee manual for your company. The thought process is that there is nothing imminently pressing that requires me to think...more

Consumer Data Privacy and Data Breach Claims Haven’t Had a Leg to Stand on, But Support May Be on the Way

by F. Paul Pittman | Sedgwick LLP on 4/8/2013

As the saying goes, “You never really know what you’ve got ’til it’s gone.” For class plaintiffs seeking redress for the unauthorized collection of their personal information (PI), it’s their claims that courts have allowed...more

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$45 Million Cyber-Attack Is Object Lesson From Verizon Study Showing No Business Is Safe, But Financial Institutions Bear Big Data...

Beyond Privacy Policies: Practical Privacy For Web Sites And Mobile Apps

State Attorneys General Look Into Recent Data Breach Incident

FTC Approves Order Settling Data Breach Charges

Data Breach - Your Organization Needs a Plan

Employer BYOD Concerns: Part 2 of It's 2013. Do You Know Where Your BYOD Policies Are?

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 10, 2013

Cyber Risk Insurance May Cost More Than You Think

Insurance Coverage for Cyber Attacks

Getting It In Writing - The Art of Policy Management

Global Sourcing Group -- Spring 2013

FTC, Rent-to-Own Stores Settle Charges of Spying on Consumers Via Rented Computers

Data Breach at Gunpoint

The Legal Issues of Cloud-based Computing Services

Internet Regulation and Data Privacy in China

Enough With The Unencrypted Portable Devices Says The Ontario IPC

The New Normal: Taking Responsibility for Your Vendors [Video]

Insurance Coverage for Class Action Lawsuits

Information Security Implications for Business Agreements

Data Breach Class Actions Can't Survive Certification Without Expert Testimony On Classwide Damages

Breach of Privacy in the Cloud (Canada)

The HIPAA Omnibus Final Rule—Data Privacy and Security Implications for Business Associates and Covered Entities

Cybersecurity Disclosure: A Panel Discussion with the SEC’s Division of Corporation Finance

Feeling Cyber-Secure: Avoiding The Devastating Hacker

Consumer Data Privacy and Data Breach Claims Haven’t Had a Leg to Stand on, But Support May Be on the Way

The New Normal: Taking Responsibility for Your Vendors [Video]

Expand Your Reach