Data Breach Corner - Cash App Data Breach Affects More than 8M Users -
"A former employee of the company downloaded reports containing the personal information of U.S. users."
Why this is important: Not all data...more
CFPB Focuses on Rural Banking Access -
"Rural Americans visit bank branches at nearly double the rate of urban and suburban customers, the CFPB found in its report, titled Challenges in Rural Banking Access."
Why...more
Britain Announces Plans to Mint Its Own NFT as It Looks to ‘Lead the Way’ in Crypto -
"Glen said the government was also 'widening' its gaze to look at other aspects of crypto, including so-called Web3, a movement that...more
4/15/2022
/ Authentication ,
Biometric Information ,
Biotechnology ,
Blockchain ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Digital Assets ,
Non-Fungible Tokens (NFTs) ,
Personally Identifiable Information ,
Smart Contracts
Massachusetts-Based Background Check Company Creative Services Faces Multiple Lawsuits Over Data Breach -
"'CSI determined that certain files dating from November 2018 to November 2021 may have been copied from their...more
4/4/2022
/ Confidential Information ,
CRISPR ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Personally Identifiable Information ,
Popular ,
TransUnion LLC v Ramirez
US Virginia Senate Allows State Banks to Offer Crypto Custody Services -
"Delegate Christopher T. Head introduced the bill back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody...more
The Cryptocurrency Revolution and President Biden's Formal Recognition -
Out of the ashes of the 2008 financial crisis, Bitcoin sprang up like an insurgency, targeting both the unbridled activity of large financial...more
3/18/2022
/ Bitcoin ,
COPPA ,
CRISPR ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
FinTech ,
Food and Drug Administration (FDA) ,
Hackers ,
Intellectual Property Protection ,
Internet of Things ,
Medical Devices ,
Securities and Exchange Commission (SEC)
War in the Time of Crypto -
"In the Russia-Ukraine conflict, which side is crypto helping? Both."
Why this is important: The world continues to watch Russia's invasion of Ukraine as it dominates news outlets. An...more
3/2/2022
/ Caremark claim ,
CRISPR ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Digital Currency ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HITECH Act ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Ransomware ,
Russia ,
Ukraine ,
Vaccine Passports
House Takes Its Sixth Hit on Cannabis Banking Provisions -
"The House passed provisions for the sixth time that would allow cannabis companies to access the banking system, but the latest action, as an amendment to the...more
2/23/2022
/ Acquisitions ,
Cannabis-Related Businesses (CRBs) ,
Consumer Financial Protection Bureau (CFPB) ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Marijuana Related Businesses ,
Mergers ,
Unclaimed Property
Concerning Healthcare Data Breach Reporting Trend -
"There has been a trend in recent years for HIPAA-regulated entities to wait the full 60 days from the date of discovery of the breach to issue notifications to affected...more
2/16/2022
/ Biometric Information Privacy Act ,
Bitcoin ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Health Care Providers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Non-Fungible Tokens (NFTs)
BioPlus Specialty Pharmacy Faces Lawsuit Over Healthcare Data Breach -
"Florida-based BioPlus Specialty Pharmacy allegedly failed to safeguard PII and notify patients of a healthcare data breach that impacted 350K, the...more
2/7/2022
/ Biometric Information ,
Biometric Information Privacy Act ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Supply Chain ,
Technology Sector ,
U.S. Commerce Department
How Climate Change is Changing the Game for Concrete -
"A new American Concrete Institute committee is assessing the affect of global climate change on sustainability of concrete structures, as more-severe salt-water...more
2/1/2022
/ Background Checks ,
Climate Change ,
Construction Disputes ,
Construction Industry ,
Construction Project ,
Criminal Background Checks ,
Department of Transportation (DOT) ,
Drones ,
Environmental Policies ,
FDIC ,
Infrastructure ,
Unmanned Aircraft Systems
5 Banking Trends to Watch in 2022 -
"Some of the narratives Banking Dive sees taking shape for 2022 — crypto, for example — are carryovers from last year, reaching a logical conclusion or forward motion. Others, such as...more
1/27/2022
/ Banking Sector ,
Certiorari ,
Chapter 11 ,
Commercial Bankruptcy ,
Cryptocurrency ,
Environmental Social & Governance (ESG) ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fossil Fuel ,
SBA
EHR Vendor Breach Lawsuit Seeks Security Improvements -
"Patient portal hacking incident last summer affected nearly 320,000."
Why this is important: On October 22, 2021, QRS Inc., a medical practice management system...more
1/21/2022
/ Cryptocurrency ,
Cybersecurity ,
Data Protection ,
Data Security ,
Department of Health and Human Services (HHS) ,
Food and Drug Administration (FDA) ,
Hackers ,
Health Care Providers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Medical Devices ,
Nanotechnology ,
Stablecoins ,
Tesla
Welcome to our last Decoded issue of 2021. With this last publication, we wanted to do something a little different. We looked at the top issues that affected the industry and our clients over the past year. And, we look...more
2021 was a fascinating year in biotech, especially for legal issues. Of course, 2021, as the second year of a global pandemic, must be viewed in context with 2020....more
12/17/2021
/ Acquisitions ,
Biotechnology ,
Coronavirus/COVID-19 ,
DNA ,
Genetic Materials ,
Human Genes ,
Life Sciences ,
Mergers ,
Patents ,
Pharmaceutical Industry ,
Vaccinations
Top IRS Official Says Marijuana Banking Reform Would Help Feds ‘Get Paid’ -
"IRS’s Cassidy Collins talked about the 'special type of collection challenge' that the agency faces when it comes to working with cannabis...more
11/3/2021
/ Biden Administration ,
Business Taxes ,
Community Banks ,
Cryptocurrency ,
FDIC ,
Financial Institutions ,
Financial Regulatory Reform ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Tax Liability ,
U.S. Treasury
Nature of Patents and Patent Rights -
When a patent is issued under the seal of the United States Patent and Trademark Office, it is signed by the Director of the USPTO or an Office official. The patent contains a grant...more
10/28/2021
/ Amazon ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Department of Justice (DOJ) ,
Facebook ,
False Claims Act (FCA) ,
Federal Contractors ,
Medical Devices ,
Nanotechnology ,
Patent Litigation ,
Patents ,
Retailers ,
Starbucks ,
USPTO
Two articles (Newsweek and Fierce Biotech) describe the new lawsuit by the Henrietta Lacks Estate surrounding the HeLa cell line. The claim is "unjust enrichment," a difficult claim to win, but one that seems to fit this...more
The Story of Henrietta Lacks and the Biotechnology Company Accused of Selling Her Cells for Profit -
These two articles (Newsweek and Fierce Biotech) describe the new lawsuit by the Henrietta Lacks Estate surrounding the...more
10/13/2021
/ Biotechnology ,
Blockchain ,
Coinbase ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Liability Insurance ,
Patent-Eligible Subject Matter ,
Patents ,
Ransomware
IRS Chief Tells Elizabeth Warren: More Transparent Bank Data Can Fight Tax Evasion -
"Rettig, a Trump administration holdover, touted a provision in the American Families Plan that would require banks to report on their...more
10/6/2021
/ Artificial Intelligence ,
Bank Secrecy Act ,
Banking Sector ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Economic Injury Disaster Loans ,
Equitable Mootness ,
Financial Institutions ,
Financial Services Industry ,
Reorganizations ,
SBA
China's Cryptocurrency Ban: What It Means for Bitcoin, Coinbase and the US -
"On Sept. 24, China's Central Bank declared all crypto-related transitions illegal, citing concerns about gambling fraud and money laundering."...more
Biotechnology Can Fight Climate Change—but Trade Negotiators Need to Act -
"Emerging biotechnology, such as gene-editing, can safely and effectively change our planet's future for the better."
Why this is important:...more
9/30/2021
/ Agricultural Sector ,
Amazon ,
Artificial Intelligence ,
Biotechnology ,
Bitcoin ,
Climate Change ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Food and Drug Administration (FDA) ,
Life Sciences ,
Novartis ,
Ransomware ,
Stablecoins ,
Surveillance
El Salvador Buys 200 Bitcoins as the Digital Currency Becomes Legal Tender -
"El Salvador became the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to...more
9/15/2021
/ Apple ,
Artificial Intelligence ,
Bitcoin ,
Blockchain ,
Climate Change ,
Coronavirus/COVID-19 ,
CRISPR ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
El Salvador ,
Ethereum ,
Facial Recognition Technology ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
GAO ,
Government Agencies ,
Kim Kardashian ,
Medical Devices ,
Popular ,
Privacy Concerns ,
Smart Contracts
As Banks Push AI, Worry About Worsening Inequality Follows -
"AI and machine learning might amplify patterns of historical discrimination and financial exclusion through reliance on flawed data or mistakes in...more
China Passes Major Data Protection Law as Regulatory Scrutiny on Tech Sector Intensifies -
A final version of the law has not been published but a previous draft included rules around requiring consent for data protection...more
9/2/2021
/ Apple ,
Biometric Information ,
Bitcoin ,
Blockchain ,
China ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Security ,
Distributed Ledger Technology (DLT) ,
Fitbit ,
Food and Drug Administration (FDA) ,
International Data Transfers ,
Medical Devices ,
TikTok