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Data Breach Litigation

EDPB Issues Draft Guidelines on the Calculation of Administrative Fines

May 19, 2022 By Yung Shin Van Der Sype and Paul Greaves

On May 16, 2022, the European Data Protection Board (‘EDPB’) published draft regulatory guidelines (‘draft guidance’) on the calculation of administrative fines for infringements of the EU General Data Protection Regulation (‘GDPR’). In the draft guidance, the EDPB sets out its methodology, consisting of five steps, for calculating administrative fines. The EDPB adopted these guidelines […]

Filed Under: Data Breach Litigation, Data Protection, GDPR, Privacy, Privacy Litigation, Security Breach Tagged With: Cross-border, Data Breach Notification, EU Data Protection, GDPR, Privacy, Regulatory Enforcement

Recent Updates in Two Closely-Watched Cybersecurity and Privacy-Related Securities Fraud Class Actions

April 4, 2022 By Oyinkan Muraina, Sierra Shear and Cara Peterman

Observers have been awaiting decisions in a number of cybersecurity and privacy securities fraud class actions with potentially important implications for corporate liability.  Over the last several weeks, critical developments emerged in two such cases: the defendants’ motion to dismiss was granted in part and denied in part in In re Zoom Securities Litigation, and […]

Filed Under: Cyber Risk, Cybersecurity, Data Breach, Data Breach Litigation, Data Protection, Data Security, Online Privacy

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

October 1, 2021 By Sierra Shear, Cara Peterman and Madeleine Juszynski

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 the incident.  The dismissal follows the June 2021 settlement of a related Securities & Exchange Commission […]

Filed Under: California, Cyber Risk, Cybersecurity, Data Breach, Data Breach Litigation, NYDFS, Privacy Litigation, Security Breach

Securities Class Actions Filed Against Three Chinese Tech Titans After Announcement of Cyber-Related Investigations

July 27, 2021 By Sierra Shear and Cara Peterman

In early July, investigations by a Chinese cybersecurity regulatory agency, the Cyberspace Administration of China (“CAC”), into at least three China-based technology companies—DiDi Global Inc. (“DiDi”), Full Truck Alliance Co. Ltd. (“FTA”), and Kanzhun Limited (“Kanzhun”)—were purportedly revealed weeks after each conducted a substantial initial public offering (“IPO”) on a United States stock exchange. These […]

Filed Under: China, Cyber Risk, Cybercrime, Cybersecurity, Data Breach Litigation, Data Security, International, National Security, Regulation

2021 Developments in State Cybersecurity Safe Harbor Laws

April 20, 2021 By Alysa Austin

Only four months in and 2021 has already been a big year for state cybersecurity safe harbor legislation.  Two states, Utah and Connecticut, have recently enacted or introduced a breach litigation safe harbor to incentivize businesses to protect personal information by adopting industry-recognized cybersecurity frameworks such as the National Institute of Standards and Technology’s (NIST) […]

Filed Under: Cybersecurity, Data Breach Litigation, Data Protection, Data Security

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