October is National Cybersecurity Awareness Month, and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and Office of Foreign Assets Control (“OFAC”) kicked off the month by issuing two...more
10/8/2020
/ Bank Secrecy Act ,
BSA/AML ,
Cyber Crimes ,
Cybersecurity ,
Financial Institutions ,
FinCEN ,
International Emergency Economic Powers Act (IEEPA) ,
Office of Foreign Assets Control (OFAC) ,
Privacy Concerns ,
Ransomware ,
Suspicious Activity Reports (SARs)
The FTC has proposed amendments to its 2003 Safeguards Rule and the 2000 Privacy Rule, applicable to financial institutions under the Gramm Leach Bliley Act (GLBA). ...more
3/8/2019
/ Banking Sector ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Security ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
Personally Identifiable Information ,
Privacy Rule ,
Proposed Amendments ,
Rulemaking Process ,
Safeguards Rule
As tax season winds on, the W-2 form scam has emerged as one of the most dangerous and common phishing email schemes during this time of year....more
3/7/2019
/ Cyber Crimes ,
Identity Theft ,
Income Taxes ,
IRS ,
Payroll Records ,
Personally Identifiable Information ,
Phishing Scams ,
Social Security Numbers ,
Tax Fraud ,
Tax Planning ,
Tax Returns ,
W-2
The average cost of a data breach, on both an aggregate and a per-record basis, has decreased slightly according to the Ponemon Institute's 2017 Cost of Data Breach Study: Global Overview. In addition to presenting recent...more
6/29/2017
/ Corporate Counsel ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Breach Costs ,
Data Protection ,
Data Security ,
Hackers ,
Personally Identifiable Information ,
Popular ,
Young Lawyers
Ransomware attacks just went big time. In a period of mere hours late last week, a global ransomware attack infected more than 200,000 computers and affected more than 100,000 organizations in over 150 countries. To put this...more
5/17/2017
/ Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Hackers ,
Malware ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Ransomware
The Eighth Circuit Court of Appeals has remanded a $10 million settlement in the Target data breach class action on the grounds that the district court had not rigorously analyzed the propriety of the class...more
2/3/2017
/ Appeals ,
Class Action ,
Class Certification ,
Credit Cards ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Debit Cards ,
Hackers ,
Identity Theft ,
Personally Identifiable Information ,
Point of Sale Terminals ,
Popular ,
Settlement ,
Target
With tax season in full swing, the Internal Revenue Service (IRS), state tax agencies, and tax industry groups recently renewed a warning about Form W-2 email spear-phishing scams.
...more
1/31/2017
/ Cyber Crimes ,
Email ,
Identity Theft ,
IRS ,
Payroll Records ,
Personally Identifiable Information ,
Phishing Scams ,
Social Security Numbers ,
Spoofing ,
Tax Fraud ,
W-2
The Federal Trade Commission (FTC) has entered into a multimillion dollar settlement with the owners and operators of AshleyMadison.com, a dating website for people interested in having discreet affairs, related to the...more
12/16/2016
/ Adultery ,
Ashley Madison ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Security ,
Dating Services ,
Federal Trade Commission (FTC) ,
Fines ,
Hackers ,
Internet ,
Marriage ,
Misrepresentation ,
Online Platforms ,
Personally Identifiable Information ,
Popular ,
Settlement ,
Spouses ,
Website Owner Liability ,
Websites
Three bills that will update California’s data breach notification requirements have been signed into law by Governor Jerry Brown. The bills impose specific requirements on providing breach notification to consumers, add a...more
10/20/2015
/ Automatic License Plate Readers ,
Breach Notification Rule ,
Compliance ,
Cyber Attacks ,
Cyber Crimes ,
Data Breach ,
Encryption ,
Hackers ,
New Legislation ,
Personal Data ,
Personally Identifiable Information ,
Posting Requirements ,
Privacy Laws ,
Surveillance
In 2013 alone, the U.S. Department of Homeland Security (DHS) and its Industrial Control Systems Cyber Emergency Response Team (ICS-CERT) responded to more than 256 cyber-incident reports—more than half of them in the energy...more
8/24/2015
/ Aerospace ,
Automotive Industry ,
C-Suite Executives ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Department of Homeland Security (DHS) ,
Energy Sector ,
Hackers ,
Information Technology ,
Internet ,
Manufacturers ,
NIST ,
Oil & Gas ,
Pharmaceutical Industry ,
Popular ,
Transportation Corridor ,
Wastewater ,
Water
An increase in data breach class actions could be the result of a recent decision of the Seventh Circuit holding that allegations of future harm stemming from a data breach can establish Article III standing. The majority of...more
7/29/2015
/ Adobe ,
Article III ,
Class Action ,
Credit Cards ,
Cyber Attacks ,
Cyber Crimes ,
Data Breach ,
Hackers ,
Identity Theft ,
Invasion of Privacy ,
Negligence ,
Neiman Marcus ,
Standing
The Department of Justice (DOJ) recently announced the largest coordinated international law enforcement effort ever directed at an online cyber-criminal forum. Financial institutions and other companies should consider...more
7/24/2015
/ Best Practices ,
Criminal Prosecution ,
Cyber Crimes ,
Cybersecurity ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FBI ,
Financial Institutions ,
Hackers ,
Malware ,
New Guidance ,
NIST