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Shareholders Seek to Hold Current and Former SolarWinds Officials Liable for Massive 2020 Security Breach

Benesch on 12/7/2021

Investors filed a derivative suit claiming that the company knew about, and failed to mitigate known, existing cybersecurity risks and shortfalls prior to the security breach. In early November, pension funds and...more

No Password Required: A Cyber Threat Intelligence Analyst Who Is an Expert on Social Media Trolls

Carlton Fields on 9/3/2021

The No Password Required Podcast is dedicated to introducing and celebrating the practitioners, leaders, researchers, and individuals who are shaping the cybersecurity industry. Join us for an in-depth conversation that...more

Financial Daily Dose 11.19.2019 | Top Story: T-Mobile Chief John Legere to Leave Company in April

Robins Kaplan LLP on 11/19/2019

T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more

Compliance News Flash

Arnall Golden Gregory LLP on 9/30/2019

Arnall Golden Gregory LLP is pleased to provide you with the Compliance News Flash, which includes current news briefs relevant to background screening, immigration and data privacy, for the benefit and interest of our...more

Under Cyberattack: How Can Canadian Directors Mitigate Liability?

Blake, Cassels & Graydon LLP on 4/25/2019

Several former Yahoo! Inc. executives recently settled a derivative action for US$29-million, following data breaches from 2013 and 2014 that compromised approximately three billion accounts. These data breaches were the...more

Due Diligence of Corporate Data Assets In M&A Transactions: Data Protection/Privacy

Williams Mullen on 3/22/2019

As data are quickly becoming significant corporate assets, lawyers need to help companies both maximize the value of their data and protect the business against any associated risks. This is particularly true in M&A...more

Privacy and Data Security Client Alert | February 2019

Shook, Hardy & Bacon L.L.P. on 2/7/2019

Google Receives Record GDPR Fine - Marking the first major penalty against a U.S. tech company under the General Data Protection Regulation (GDPR), the French data-protection authority, CNIL, has fined Google a record $57...more

January’s Privacy Blizzard

Eversheds Sutherland (US) LLP on 2/5/2019

As predicted, the start of 2019 provided scant respite from the frenetic pace of privacy and cybersecurity developments during 2018. This past month alone, in a blizzard of activity, regulators amended regulations and...more

The $29 Million Yahoo Derivative Data Breach Settlement: What Next?

White and Williams LLP on 1/30/2019

On January 4, 2019 a federal district court in California approved a $29 million settlement in a shareholder derivative lawsuit against former Yahoo directors and officers regarding high-profile data breaches at Yahoo between...more

Directors and Officers Settle Over Yahoo Hack: A New Chapter in Derivative Litigation?

Patterson Belknap Webb & Tyler LLP on 1/10/2019

Yesterday, a Superior Court judge in Santa Clara, California approved what is believed to be the first monetary award to a company in a data breach-related derivative lawsuit....more

Some Thoughts on the Year in Privacy and Data Security Law

Ballard Spahr LLP on 1/4/2019

As we turn the page on 2018, let’s reflect on some of the key privacy and cybersecurity issues that will continue to occupy our hearts and minds in 2019....more

Data Privacy + Cybersecurity Insider - September 2018 #3

Robinson & Cole LLP on 9/24/2018

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

Data Privacy + Cybersecurity Insider - September 2018

Robinson & Cole LLP on 9/11/2018

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

For $80 Million, Yahoo! Settles Shareholder Class Action Claiming Stock Price Losses from Data Breaches

Patterson Belknap Webb & Tyler LLP on 7/12/2018

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

The Clock is Ticking!: The Types of Cyber Security Disclosures Required by the Securities and Exchange Commission

Davis Wright Tremaine LLP on 7/9/2018

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

SEC Issues First Ever Enforcement Action For Failure to Disclose a Data Breach, Obtaining $35 Million Penalty

Holland & Hart LLP on 5/21/2018

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

SEC Announces Yahoo Will Pay $35 Million for Failure to Disclose Data Security Incident

Jones Day on 5/18/2018

The Situation: The SEC accused Altaba Inc., then known as Yahoo! Inc., of misleading investors by failing to disclose a major data breach orchestrated by Russian hackers. The Result: Altaba has agreed to pay $35 million to...more

SEC Hits Yahoo With $35M Fine

Manatt, Phelps & Phillips, LLP on 5/16/2018

Just weeks after publishing guidance on cybersecurity, the Securities and Exchange Commission (SEC) assessed a $35 million penalty against Yahoo! Inc. for allegedly misleading investors concerning a major data breach....more

The Hacked & the Hacker-for-Hire: Lessons from the Yahoo Data Breaches (So Far)

Ballard Spahr LLP on 5/14/2018

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

Yahoo’s $35M SEC Settlement: Takeaways from the First Enforcement Action for Failure to Disclose a Data Breach

Fenwick & West LLP on 5/4/2018

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

Failure to Disclose Leads to $35 Million Penalty in the Yahoo! Cybersecurity Breach

Dorsey & Whitney LLP on 4/27/2018

The Securities and Exchange Commission (the “SEC”) announced Tuesday that Altaba, the entity formerly known as Yahoo! Inc., has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to...more

Does Yahoo’s SEC Cyber Disclosure Settlement Set Enforcement Bar?

Patterson Belknap Webb & Tyler LLP on 4/26/2018

The U.S. Securities and Exchange Commission’s $35 million settlement announced this week over the Yahoo! data breach provides an object lesson in the consequences of failing to publicly disclose a major cyber-attack....more

No Celebration For Yahoo! Data Breach Claims Survive Motion To Dismiss

Carlton Fields on 4/13/2018

After Yahoo! Inc. suffered three data breaches in a span of four years, plaintiffs brought a putative class action lawsuit against the internet service provider and a subsidiary (collectively, “Yahoo”), alleging defendants...more

Cybersecurity Enforcement and Regulation - 2017 In Review

Moore & Van Allen PLLC on 3/29/2018

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

Yahoo Enters $80 Million Securities Class Action Settlement After Data Breach

Carlton Fields on 3/13/2018

On March 2, Yahoo, Inc. (“Yahoo”) filed a proposed settlement in In re Yahoo Inc. Securities Litigation, which was filed in U.S. District Court in San Francisco. ...more

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