Security Audits

News & Analysis as of

The CSBS Finalizes Model Framework for Virtual Currencies

On September 15, 2015, the Conference of State Bank Supervisors (“CSBS”) issued its final Model Regulatory Framework on virtual currency activities (“Final Framework”). The Final Framework follows the CSBS’s December 2014...more

Ashley Madison Breach Another Warning To Companies

Add dating website Ashley Madison to the list of large companies like Target, Home Depot and Michael’s that have had customer information stolen by hackers. Published reports say Ashley Madison is now facing multiple lawsuits...more

Are You the Next Cybercrime Target?

How valuable is your data? If you store personally identifiable information, such as Social Security numbers, protected health information under HIPAA, and even more mundane information such as dates of birth and e-mail...more

Online Retailer Reaches Settlement with Nine Attorneys General Over Data Security Breach

Last week, the online shoe and clothing retailer, Inc., reached a settlement with nine state Attorneys General over a 2012 data security breach that allegedly exposed the personal information of more than 24...more

Cybersecurity Litigation Monthly Newsletter

In August, Paytime, Inc., a payroll services company, moved to dismiss a putative class action filed in the wake of a data breach in which the personal and financial information of more than 230,000 people was compromised. ...more

SEC Polices Cybersecurity on Wall Street

As U.S. Securities and Exchange Commission (SEC) Chairwoman Mary Jo White recently emphasized at a Cybersecurity Roundtable sponsored by the Commission, the rise of cybersecurity threats poses an increasing risk to companies,...more

Europe Under Review: Part 5 Of 8 – Data Security

In the fifth instalment of our “Europe under Review” series, we will look at current data privacy laws and best practice in the UK in relation to data security, and, briefly, the impact of the new Data Protection Regulation....more

The Evolution of FTC Privacy Enforcement

The FTC has recently undertaken further reviews of specific security practices past its historical boundaries - The Federal Trade Commission (FTC) has asserted its enforcement authority as “the chief federal agency on...more

Broker-Dealers and Investment Advisers Now Targeted by Both Cyber Intruders and SEC Cybersecurity Examiners

Cybersecurity has increasingly become a critical issue for all types of businesses, few more so than broker-dealers, investment advisers and others in the financial sector. The cyber threat is much broader than customer data...more

Heartbleed Bug Creates Risk for Businesses and Consumers

On April 8, 2014, several news agencies, including the New York Times and CNN, reported the discovery of a vulnerability in a core security protocol used by an estimated two-thirds of the world’s servers. The vulnerability...more

Privacy and Security Alert: January 9th, 2014

On December 5, 2013, the Office of Inspector General (OIG) reported on the Office for Civil Rights’ (OCR) compliance as of May 2011 with oversight and enforcement of the Security Rule and compliance with federal cybersecurity...more

Is data security your organization’s greatest worry? If not, it should be…

I recently had the pleasure of spending time with a partner and client at the largest law firm on the planet. During our conversation, he asked me a question that I have not been able to stop thinking about since. “What do I...more

What You Should Be Doing Now to Prepare for Implementation of the Cybersecurity Executive Order

A tempting response to the Cybersecurity Executive Order (the "Order"), announced by President Obama at his State of the Union address, is to ignore it. It is vague in key particulars, such as which companies are part of the...more

FTC Obtains Settlement From Cord Blood Bank In Data Theft Action

On February 5, a federal district court in California approved a settlement recently obtained by the FTC, which (i) requires a California-based firm that operates a cord blood bank to establish a comprehensive information...more

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