Please join Jim Harvey and Kimberly Peretti, co-chairs of the firm’s Security Incident Management & Response Team, for a first-of-its-kind seminar: “Financial Marketplaces and Cyber Risk.” The panel discussion will both define cyber risk and its implications for financial marketplaces and address the existing regulatory framework and strategies purporting to improve risk mitigation for the industry […]
U.S. Senate Banking and Judiciary Committees to Hold Hearings Examining Data Security Breaches, Identity Theft, and the Safeguarding of Consumers’ Financial Data
The U.S. Senate Committees on Banking and the Judiciary will each host hearings during the week of February 3, 2014, to examine the impact on consumers from recently reported data security breaches and what measures may be taken to protect sensitive information of consumers, including customer financial information, from criminal acquisition and misuse. Consistent with […]
Senator Leahy Reintroduces “Personal Data Privacy and Security Act”: Federal Data Breach Notification Law Includes Criminal Penalties for Failure to Notify
On January 8, 2014, Senator Leahy (D-VT) reintroduced the “Personal Data Privacy and Security Act” (S. 1897) in an effort to both enhance criminal penalties for computer hacking, and create a tough Federal data breach notification statute. The bill was originally cosponsored (at the time of its introduction) by Senators Chuck Schumer (D-NY), Al Franken […]
Apple Agrees to Settle FTC Complaint Regarding In-App Purchases
January 15, 2014 – The Federal Trade Commission today announced that Apple has entered a settlement agreement containing a consent order to settle the FTC’s complaint alleging that the company billed consumers for charges incurred by children in kids’ mobile apps without their parents’ consent. Under the agreement, Apple will refund at least $32.5 million to […]
House of Representatives Passes Health Exchange Security and Transparency Act of 2014: HR 3811 Would Require HHS to Notify Affected Individuals of a Breach of a Health Insurance Exchange Within 2 Days of Discovery
On Friday, January 10, 2014, the House of Representatives passed H.R. 3811, the “Health Exchange Security and Transparency Act of 2014” by a vote of 291 to 122. The bill was introduced on January 7, 2014 by Representative Joe Pitts (R-PA), and has a total of 75 cosponsors. Under the bill, the Secretary of Health […]