News & Analysis as of

Data Breach Financial Transactions

Amundsen Davis LLC

Is Nothing Sacred? Cyberattacks May Impact Director and Officer Fiduciary Duties

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MGM Resorts is the latest victim of a cyberattack occurring on September 10th, which has set back the gambling and leisure giant substantially, both in terms of business function and income. MGM is not alone. Household names...more

Console and Associates, P.C.

Claims of Ally Bank Debit Card Fraud Skyrocket Following Apparent Cyberattack

Recently, Ally Bank customers have been reporting a significant increase in the number of incidents involving unauthorized activity on their debit cards. While the company has yet to confirm any type of data breach, an Ally...more

Robinson+Cole Data Privacy + Security Insider

Crypto Wallet Data Breach Leads to Class Action Litigation

Plaintiffs filed suit in the District Court for the District of Delaware against Shopify Inc. and TaskUs Inc., alleging that the companies failed to implement measures to prevent a data breach that resulted in a breach of...more

Robinson+Cole Data Privacy + Security Insider

Vishing Continues to be a Risk Worth Assessing

Phishing, Smishing, Vishing, and QRishing. All of these schemes continue to pose risk to organizations that needs to be assessed and addressed. Vishing made a strong debut during the pandemic, and continues to be a scheme...more

Torres Trade Law, PLLC

FinCEN Crypto & Ransomware Guidance: Will 2022 Bring More Changes?

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The Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of the Treasury (“Treasury”) has made clear that businesses engaging in certain activities involving virtual currencies are subject to registration,...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #307 – Credit Card Skimming Devices Found at Costco

Credit card skimming fraud continues to affect companies and their customers, causing businesses such as Costco to routinely inspect their PIN pads for the devices. ...more

BakerHostetler

The Impact of Data Security Incident Trends on Commercial Transactions: Part II – Development Agreements

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The 2021 edition of BakerHostetler’s annual Data Security Incident Response Report – a report based on the firm’s experience with data security incident response and litigation over the past year – features a number of...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2021

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CYBERSECURTY - U.S. CISA + Cyber Command Warns of Critical Flaw in VMware - Although a patch has been available by VMware since May 25, 2021, the Department of Homeland Security’s Cybersecurity and Infrastructure...more

Lowndes

Dear Ransomware Victim and Your Accountants, Attorneys and Forensic Specialists: The Government Just Made Your Life Harder

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By now, most everyone knows that ransomware is software that infects your computer system, makes your data irretrievable and usually breaks things along the way. To unlock your system, the bad guys (or girls) demand you pay a...more

Robins Kaplan LLP

Financial Daily Dose 1.10.2020 | Top Story: Ransomware Attack on Travelex Sows Chaos Across Foreign Exchange Sector

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Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to...more

Ballard Spahr LLP

U.S. Treasury and DOJ Targets “Evil Corp”

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Organization Excels at Niche Branding but Stumbles in Avoiding Enforcement - The first paragraph of the press release sums it up: Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action...more

Robins Kaplan LLP

Financial Daily Dose 8.6.2019 | Top Story: Market Dive on Worries About Trade War With China

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Last week’s wild economic ride combined with China’s currency-devaluing response (and, arguably, months more of trade-war-driven global uncertainty) led to the worst day on Wall Street since last December, with the Dow...more

Robinson+Cole Data Privacy + Security Insider

Systema Software exposes information of 1.5 million on Amazon Web Service

Systema Software, which provides software solutions for claims management, is investigating a breach (although it was discovered, accessed and confirmed by an independent third party) involving information of 1.5 million...more

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