Last week, the Federal Financial Institutions Examination Council (FFIEC) issued a joint statement warning of an “increasing frequency and severity of cyber attacks involving extortion.” The statement warned that criminals have been extorting financial institutions using a variety of tactics, including denial of service attacks, theft of sensitive information, and use of “ransomware,” which is […]
Financial Privacy
Article 29 Working Party Calls for Political Action
In a concise statement, the Article 29 Working Party (WP29), a consortium of European Data Protection Authorities (DPAs), released a position paper today about the landmark ruling of the European Court of Justice in Maximilian Schrems v. Data Protection Commissioner (C-362-14). WP29 makes a political call on the EU Member States to finalize discussions with […]
A Discussion with FTC Commissioner Julie Brill: The Future of Trans-Atlantic Privacy
On October 20, Alston & Bird will host a panel discussion with FTC Commissioner Julie Brill. The event will be broadcast as a webinar. Commissioner Brill will discuss the future of U.S. – European privacy with Senior Counsel Peter Swire. The discussion will be moderated by Partner Jim Harvey. This timely discussion with Commissioner Brill […]
David Keating Quoted on Law360 about Data Transfer Issues After Safe Harbor is Invalidated
David Keating, partner and co-leader of the firm’s Privacy & Data Security practice, was quoted on Law360 regarding the practical impact on companies of the decision of the European Court of Justice (ECJ) invalidating the EU-U.S. Safe Harbor program for transfers of personal data. The ECJ decision requires companies to evaluate the mechanisms they and their vendors use to move data out […]
European Court of Justice Strikes Down Safe Harbor
In a momentous judgment, the European Court of Justice (“ECJ”) today invalidated the European Commission’s decision establishing the E.U.-US Safe Harbor for transfers of personal data (“Safe Harbor Decision”). The ruling was made with record dispatch, following on an Advocate General Opinion recommending invalidation that was delivered to the Court only two weeks ago. Facts […]