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Cyber Risk

FBI Releases IC3 2020 Internet Crime Report Showing Record Increase in Cybercrime

April 28, 2021 By Alysa Austin

The FBI’s Internet Crime Complaint Center (“IC3”) recently released its annual report, the 2020 Internet Crime Report (“Report”), which gathers statistics from nearly 800,000 complaints of suspected cybercrimes that the department received in 2020. This is a record number of complaints—a 69% increase from 2019—with reported losses exceeding $4.2 billion. According to the FBI, the […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, Security Breach

NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By James Harvey and Privacy, Cyber & Data Strategy Team

In early March, the New York Department of Financial Services (NYDFS) announced a settlement involving a $1.5M penalty and mandatory remediation in response to a mortgage lender’s alleged failure to report a cyber breach, and other alleged cybersecurity failures. This enforcement action marks the second public enforcement action under 23 NYCRR Part 500 (the “Cybersecurity […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Breach Litigation, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, NYDFS, Regulation, Security Breach

President Biden Issues Executive Order on America’s Supply Chains

February 28, 2021 By Privacy, Cyber & Data Strategy Team

On February 24, 2021, President Biden announced a new Executive Order on America’s Supply Chains. The Order provides for two key initiatives, including a 100-day review of the supply chains for certain vital products and a long-term review of supply chains in six different sectors of the U.S. economy, including the information and communications technology […]

Filed Under: Cyber Risk, National Security, Regulation Tagged With: Executive Order, SolarWinds, Supply chain

NYDFS Issues Best Practices for Cyber Insurance Risk Management

February 18, 2021 By Kate Hanniford

Against the backdrop of the disruptions associated with the Covid-19 pandemic and SolarWinds cyber-espionage campaign, NYDFS has released guidance for insurers that underwrite cyber insurance policies and which contains a number of provisions expected to impact companies applying for or renewing cyber insurance coverage, not the least of which is a specific recommendation that insurers […]

Filed Under: Advisories, Cyber Risk, Cybersecurity, NYDFS

Alston & Bird Analyzes New California Privacy Rights Act in Client Alert

November 4, 2020 By Privacy, Cyber & Data Strategy Team

Yesterday, California voters approved a ballot initiative containing the California Privacy Rights Act of 2020. The ballot initiative significantly revises the existing California Consumer Privacy Act to create arguably the most comprehensive state privacy law in the United States. Alston & Bird has now issued a client alert explaining key impacts of this law. The […]

Filed Under: Advisories, Ballot Initiatives, Behavioral Advertising, California, CCPA, Cyber Risk, Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Financial Privacy, Insurance Data Security, Legislation, Privacy, Regulation Tagged With: California Consumer Privacy Act (CCPA), California Privacy Rights Act, California Privacy Rights and Enforcement Act, CPRA, Proposition 24

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Recent Posts

  • UK Government Makes a Bridge to The EU-U.S. Data Privacy Framework
  • California Proposes Annual Audits to Assess Sufficiency and Compliance of Company Cybersecurity
  • Oregon Enacts Comprehensive State Privacy Law
  • NIST Cybersecurity Framework 2.0 Released for Public Comment
  • Why the New EU-U.S. Data Privacy Framework May Be Good News for Life Sciences Companies in the U.S.
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