Alston & Bird Privacy, Cyber & Data Strategy Blog

Recent Exploits of Blockchain Bridges Highlight Need for Cybersecurity in Crypto and Risk of Liability

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According to recent media reports there have been several instances of blockchain bridges being hacked this year, including reports on August 2 that a bridge lost close to $200 million to upwards of 40 hackers who exploited a bug in its protocol, and reports in June that another bridge lost $100 million from hackers allegedly exploiting a weakness in the bridge to seize a number of different tokens, including Ethereum, Binance Coin, Tether, and Dai. A blockchain bridge is a protocol … [Read more] about Recent Exploits of Blockchain Bridges Highlight Need for Cybersecurity in Crypto and Risk of Liability

Germany’s Cyber Threat Landscape – Top 3 Lessons from the BKA Situation Report

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Germany boasts one of the world’s largest, most sophisticated, and international economies. Companies doing business in Germany are thus an increasingly relevant target for cyberattacks. Germany‘s Federal Criminal Police Office (Bundeskriminalamt … [Read more] about Germany’s Cyber Threat Landscape – Top 3 Lessons from the BKA Situation Report

CPPA Board Opposes American Data Privacy and Protection Act

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On July 28, 2022, the California Privacy Protection Agency Board held a special public meeting to discuss state law preemption in the American Data Privacy and Protection Act (ADPPA). ADPPA, as currently drafted, preempts much of the California … [Read more] about CPPA Board Opposes American Data Privacy and Protection Act

SEC Settles Enforcement Actions with Broker-Dealers and Investment Advisors for Identity Protection Deficiencies

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On July 27, 2022, the Securities and Exchange Commission (SEC) separately settled three enforcement actions with broker-dealers and investment advisers for alleged deficiencies relating to the prevention of customer identity theft, in violation of … [Read more] about SEC Settles Enforcement Actions with Broker-Dealers and Investment Advisors for Identity Protection Deficiencies

UK Information Commissioner’s Office Issues Warning on Ransomware Payments

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On July 8, 2022, the UK Information Commissioner’s Office (UK ICO) together with the UK National Cyber Security Centre (NCSC), published a joint letter asking the Law Society of England & Wales to remind its members that they should not advise … [Read more] about UK Information Commissioner’s Office Issues Warning on Ransomware Payments