Alston & Bird Privacy, Cyber & Data Strategy Blog

Treasury FinCEN Releases Financial Trend Analysis of Ransomware Trends in 2021

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By Kim Peretti, Brian Frey, and Kristen Bartolotta On October 15, 2021 the Financial Crimes Enforcement Network (FinCen) of the Treasury Department issued a financial trend analysis on ransomware relating to Bank Secrecy Act (BSA) reporting filed in the first half of this year. FinCEN examined ransomware-related Suspicious Activity Reports (SARs) filed between January 1 and June 30, 2021, which included a total of 635 reports and 458 confirmed transactions that, compiled, total over $590 … [Read more] about Treasury FinCEN Releases Financial Trend Analysis of Ransomware Trends in 2021

Department of Justice Announces New Civil Fraud Cybersecurity Enforcement Team

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On October 6, 2021, Deputy Attorney General Lisa O. Monaco announced the launch of the Department of Justice’s Civil Cyber-Fraud Initiative.  The Department plans to use civil enforcement tools to “pursue…those who are government contractors who … [Read more] about Department of Justice Announces New Civil Fraud Cybersecurity Enforcement Team

China’s First Comprehensive Personal Information Protection Law – Key Takeaways

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On August 20, 2021, China’s first comprehensive Personal Information Protection Law (“PIPL”) was passed into law. The Cybersecurity Law, the Data Security Law, and the PIPL of China are the three pillars of China’s data protection framework, which … [Read more] about China’s First Comprehensive Personal Information Protection Law – Key Takeaways

California Federal Court Dismisses Data Security-Related Securities Fraud Class Action

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A California federal court has dismissed a putative securities fraud class action alleging that a large title insurer that disclosed a data security incident in May 2019 made false and misleading statements related to its data security practices and … [Read more] about California Federal Court Dismisses Data Security-Related Securities Fraud Class Action