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Cybersecurity

Bill Proposes Jail Time for Executives Who Conceal Data Breaches

December 4, 2017 By Privacy, Cyber & Data Strategy Team

On November 30, 2017, a group of U.S. senators re-introduced a bill, known as the Data Security and Breach Notification Act, which seeks to impose criminal liability of up to five years of jail time on any corporate executive convicted of “intentionally and willfully” concealing a data breach. The bill also proposes that the Federal […]

Filed Under: Cybersecurity, Data Breach, Data Security, Legislation, Regulation Tagged With: Data Breach Notification, Federal Trade Commission (FTC), Senate

Virginia Amends Data Breach Notification Law

October 19, 2017 By Adria Moshe and Privacy, Cyber & Data Strategy Team

Virginia amended the state’s data breach notification law, effective July 1, 2017, to expand notification requirements for employers and payroll service providers to data breaches that involve “unauthorized access and acquisition of unencrypted and unredacted computerized data containing a [Virginia] taxpayer’s identification number in combination with the income tax withheld for that taxpayer. . . […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Financial Privacy, Legislation, Security Breach, Workplace Privacy Tagged With: Data Breach Notification, US State Law

SEC Chairman Jay Clayton Announces Data Breach of SEC Systems Which May Have Led to Insider Trading

September 25, 2017 By Cara Peterman and Privacy, Cyber & Data Strategy Team

SEC Chairman Jay Clayton issued a public statement on Cybersecurity (the “Clayton Statement”) last week, disclosing a 2016 attack on the SEC’s database of corporate filings. The intrusion exploited a vulnerability in the test filing component of the EDGAR system, a document repository for disclosures from public companies and issuers, through which the intruder was […]

Filed Under: Cybersecurity, Data Breach, Digital Crimes Tagged With: Securities and Exchange Commission

FTC Announces First Privacy Shield Enforcement Actions

September 15, 2017 By Privacy, Cyber & Data Strategy Team

The Federal Trade Commission recently announced that it had settled charges against three companies alleged to have falsely claimed participation in Privacy Shield. Privacy Shield supports EU – U.S. transfers of personal data by helping U.S. companies demonstrate compliance with European Union data transfer rules. Companies participating in the program commit to meet specific program requirements […]

Filed Under: Cybersecurity, Data Protection, Enforcement, Privacy Shield

Eighth Circuit Affirms Dismissal of Scottrade Data Breach Suit

August 25, 2017 By Gavin Reinke

The United States Court of Appeals for the Eighth Circuit recently affirmed the district court’s dismissal of a putative class action brought by customers of the brokerage firm Scottrade in the wake of an alleged data breach impacting Scottrade in 2013.  The named plaintiffs had asserted several contract-based claims against Scottrade, alleging that Scottrade had […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Privacy Litigation, Security Breach Tagged With: Cybersecurity, Litigation

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