News & Analysis as of

Encryption Incident Response Plans

Constangy, Brooks, Smith & Prophete, LLP

NY-licensed financial services companies must harden incident response plans, improve breach readiness by November 1

New York’s Cybersecurity Regulation continues its phased roll-out on November 1, when licensed financial services companies face a host of new requirements aimed at bolstering breach readiness and improving their ability to...more

Paul Hastings LLP

Reminder: More New York Department of Financial Services (NYDFS) Requirements Go Into Effect Next Month

Paul Hastings LLP on

As we have previously written, late last year the New York Department of Financial Services (NYDFS) adopted long-awaited amendments to its Part 500 Cybersecurity Regulations (Part 500). These are some of the most significant...more

Epiq

The Importance of Data Security in Bankruptcy Claims

Epiq on

Data security is a major concern across virtually all areas of the legal profession particularly in 2024 thanks in part to a record-breaking number of cyber incidents last year that cost companies an average of $4.45 million...more

Fisher Phillips

Ransomware Costs Businesses Record-High $1 Billion in 2023: Your 5-Step Plan to Prevent Attacks in 2024

Fisher Phillips on

2023 was the most devastating year yet for ransomware attacks, with businesses forking over $1 billion in ransom payments for the first time ever – and 2024 is expected to be even worse. Beyond the payments, the average cost...more

Bradley Arant Boult Cummings LLP

Complying With the FTC's Amended Safeguards Rule

Cybersecurity is a looming threat for most businesses. The impact of a major cyber event can resonate for weeks, months, and even years after the initial attack. To mitigate the risks to consumers, there have been several...more

Cozen O'Connor

FTC Settles with CafePress Over Data Security Breaches

Cozen O'Connor on

The FTC has reached a settlement with Residual Pumpkin Entity, LLC and PlanetArt, LLC—the former and current owners of online merchandise platform CafePress (collectively, “CafePress”)—to resolve allegations that CafePress...more

Faegre Drinker Biddle & Reath LLP

October is National Cybersecurity Awareness Month

October is National Cybersecurity Awareness Month (NCAM). NCAM serves as a timely reminder to continue to assess and improve organizational cybersecurity. In honor of NCAM, here are five fundamental steps that every...more

White & Case LLP

Cybersecurity and the UK legal landscape

White & Case LLP on

As businesses continue to digitise their assets and operations, the need to continually assess IT infrastructure and the technical measures in place to safeguard key information assets and data becomes ever more important....more

UB Greensfelder LLP

The SEC Released A Risk Alert On Reg S-P, a/k/a How To Avoid A $1 Million Penalty

UB Greensfelder LLP on

I am hardly saying that SEC Regulation S-P is the sexiest of regulations. I mean, has any customer is history actually read one of those exciting statement stuffers that discloses in some dense font a BD’s privacy policy?...more

Steptoe & Johnson PLLC

Use This Checklist to Assess Your Cybersecurity Preparedness

Steptoe & Johnson PLLC on

When was the last time your organization did an assessment of its cybersecurity preparedness? October was designated as Cybersecurity Awareness Month. Even though October is coming to a close, it is important to continue your...more

Benesch

Beyond Care, Custody, and Control: Data Security Best Practices for the Transportation and Logistics Sector

Benesch on

The receipt, storage, and handling of sensitive shipper data occurs, often frequently and in real-time, alongside the flow of goods. Commercial shippers are well aware of the supply chain security risk to the materials and...more

Womble Bond Dickinson

When “WannaCry” Strikes: Preparing for and Responding to the Largest Ransomware Attack in History

Womble Bond Dickinson on

As many around the world were preparing for the Mother’s Day weekend, the WannaCry ransomware attack hit over 70,000 organizations in nearly 100 countries in just one day, Friday, May 12th. After the weekend, the attack had...more

Morrison & Foerster LLP - Social Media

N.Y.’s New Cybersecurity Regulations: What Financial Services Companies Need to Know

With corporate data security breaches on the rise, the New York State Department of Financial Services (NYDFS) has adopted rules requiring financial institutions to take certain measures to safeguard their data and inform...more

Kramer Levin Naftalis & Frankel LLP

New York State Department of Financial Services Modifies Proposed Cybersecurity Regulations and Pushes Implementation Date Back to...

On Dec. 28, 2016, the New York State Department of Financial Services (NYDFS) published a revised version of its “Cybersecurity Requirements for Financial Services Companies” (the “Regulations”). The revised Regulations...more

Stinson - Corporate & Securities Law Blog

The New York State Department of Financial Services Proposes Robust Cybersecurity Rules

On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more

Davis Wright Tremaine LLP

Tennessee Gives Businesses 45 Days for Data Breach Notice

Recent amendments to the State’s data breach statute give a hard deadline for a business to provide consumer notice, removes encryption safe harbor, exempts entities that are subject to the Health Insurance Portability and...more

Baker Donelson

Important Notice Regarding Amendments to Tennessee's Breach Notification Statute

Baker Donelson on

All companies with Tennessee employees or customers need to revise their data incident policies and procedures. Tennessee has revised their breach notification statute to remove the encryption safe harbor, which previously...more

Davis Wright Tremaine LLP

California Beefs Up Encryption & Notice in Data Breach Law

On October 8, 2015, California Governor Jerry Brown signed A.B. 964 and S.B. 570 into law, a pair of bills that amended the Golden State’s data breach notification statute (Ca. Civ. Code § 1798.82). The amendments...more

Orrick, Herrington & Sutcliffe LLP

California Updates its Data Breach Notice Statute (Again)—What You Need to Know

On October 6, California Governor Jerry Brown signed legislation updating California’s data breach notice statute for the third time in three years.  The news was quickly overshadowed by the CJEU’s decision invalidating the...more

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