No Password Required: A Cyber Threat Intelligence Analyst Who Is an Expert on Social Media Trolls
The Importance Of Cybersecurity During A Merger & Acquisition Transaction
Yahoo’s New Parental Leave Policy Raises Some Interesting FMLA Questions
Yahoo's $30 Million May Be 'Underpay' for Summly's D'Aloisio
5 Risks of Telecommuting (And How Employers Should Handle Them)
A new study by Check Point Research shows that cyber criminals are using well-known brands to lure victims into clicking on nefarious links, providing personal information or credentials, or getting users to transfer money....more
Non-profit organizations collect, use and disclose personal information just like any other for-profit industry. However, non-profit organizations often don’t have the same resources to devote to data security as their...more
We previously wrote about the Yahoo data breaches, subsequent class action pending in California, and the company’s estimate of potential settlement costs. Based on the Plaintiffs’ recent Motion for Preliminary Approval of...more
Schneider Electric recently issued a consumer warning that it mistakenly shipped to its customers USB drives that were infected with malware. Schneider Electric stated in its alert that “Schneider Electric has determined that...more
Altaba Inc., the successor company of Yahoo Inc., recently noted in a filing with the Securities and Exchange Commission that after its settlement of consumer and shareholder suits relating to Yahoo’s data breach that...more
Class Actions - Judge Approves $80M Settlement in Yahoo Data Breach Suit • U.S. District Judge Lucy Koh awarded plaintiffs $80 million in a consolidated class action brought against Yahoo by shareholders resulting from data...more
We reported last week that a spyware maker recently compromised users’ and victims’ sensitive information. Since that time, another spyware maker, mSpy, which holds itself out as having over a million users employing its...more
We previously noted that in late 2016, Yahoo disclosed that it had experienced multiple data breaches relating to what turned out to be roughly three billion of its accounts. ...more
It’s become almost routine. A public company suffers a data breach at the hands of hackers, its stock price slides and the securities fraud class action lawsuits pile on....more
On February 21, 2018, the Securities and Exchange Commission (SEC) “voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and...more
The U.S. Securities and Exchange Commission announced on April 24, 2018 that Yahoo! (now known as Altaba, Inc.) agreed to pay a $35 million civil penalty to resolve claims that it failed to appropriately and timely disclose...more
The fallout from the Yahoo data breaches continues to illustrate how cyberattacks thrust companies into the competing roles of crime victim, regulatory enforcement target and civil litigant. ...more
The U.S. Securities and Exchange Commission announced on April 24, 2018, that Yahoo! — now known as Altaba — agreed to pay a $35 million penalty to settle claims that the company failed to timely disclose a 2014 data breach...more
On April 24, 2018, the Securities Exchange Commission (SEC) announced a $35 million fine against the company formerly known as Yahoo! Inc. (now known as Altaba, Inc.) for failing to disclose a massive cyber data breach to its...more
A scary combination of rising bond yields (across the 3% Rubicon!) and a warning from Caterpillar (which called its expectation-beating performance for Q1 the “high watermark for the year”) helped propel stocks significantly...more
Cyber attacks continue to be a pervasive and destructive threat to all institutions and the legal and regulatory landscape currently in place to address those threats continues be reshaped in an effort to address those...more
Public companies experiencing data security incidents have been largely successful in defeating derivative actions and securities class actions related to those cyber incidents....more
This week’s disclosure that a 2013 data breach may have affected all 3 billion Yahoo accounts then in existence could alter the scope of the consolidated data breach cases currently pending against Yahoo in the federal court...more
Yahoo—via new parent Verizon Communications—has officially tripled its estimate of the number of accounts affected by its 2013 cyber hack, putting the total at a staggering 3 billion (aka, all of them)....more
On March 15, 2017, the United States announced the indictment of four defendants for their roles in the hacks of Yahoo’s network, systems, and user accounts. The indictment stems from an investigation conducted by the Federal...more
Financial transaction provider Euronet Worldwide’s made an unsolicited bid to acquire MoneyGram for about $1 billion in cash, throwing a wrench into Ant Financial’s plan to use MG as a way to break into the US market and...more
Yahoo’s troubles for failing to timely disclose security breaches provides rare insight into quantifying the financial and other costs to a company’s shareholders and leadership when a security breach occurs and is...more
It has widely been reported that Yahoo has experienced significant legal and business impacts as a result of several cybersecurity breaches. On 1 March, Yahoo disclosed the findings of an independent board committee and...more
The consequences of a data breach reached new heights last week when Yahoo announced the resignation of its General Counsel in response to a series of security incidents the company suffered. A more fulsome explanation of...more
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