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FFIEC Warns of Increase in Cyber Attacks Involving Extortion, Encourages Financial Institutions to Develop Response Programs

November 10, 2015 By Privacy, Cyber & Data Strategy Team

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 […]

Filed Under: Cyber Risk, Cybercrime, Data Breach, Data Protection, Enforcement, Financial Privacy, Regulation, Security Breach

European Commission Releases Communication on Schrems and Safe Harbor 2.0

November 10, 2015 By Privacy, Cyber & Data Strategy Team

On November 6, 2015, the European Commission released a widely-anticipated Communication assessing the impact of the judgment of the European Court of Justice (“ECJ”) in the Schrems case (C-362/14), which invalidated the U.S.-EU Safe Harbor framework.  Though the Communication is not legally binding, it provides useful guidance to companies on transfers of personal data to the […]

Filed Under: Data Protection, Enforcement, Privacy Litigation, Regulation Tagged With: Cross-border, EU Data Protection, European Court of Justice, European Union (EU), Max Schrems Decision, Safe Harbor

Kim Peretti Presents at FCC Cybersecurity Forum

October 23, 2015 By Cybersecurity Preparedness & Response Team

Kim Peretti, partner and co-chair of Alston & Bird’s Cybersecurity Preparedness & Response Team, was a featured speaker at the Cybersecurity Forum for Independent and Executive Branch Regulators, organized by the Federal Communications Commission and the Federal Reserve Board on October 16. The Forum, which was held at FCC headquarters in Washington, D.C., focused on primary issues […]

Filed Under: Cybersecurity, Data Security, Events, Regulation Tagged With: Federal Communications Commission (FCC)

Swire on Data Transfers After Schrems

October 18, 2015 By Privacy, Cyber & Data Strategy Team

Peter Swire, Alston & Bird Senior Counsel and Georgia Institute of Technology Scheller College of Business professor, has published an article on the path forward for E.U. / U.S. data transfers. Swire’s article offers a historical perspective on the European Court of Justice’s (ECJ) recent decision in Schrems. Schrems invalidated the Safe Harbor framework relied […]

Filed Under: Data Protection, Data Security, Enforcement, International, Online Privacy, Privacy, Privacy Litigation, Regulation

Article 29 Working Party Calls for Political Action

October 16, 2015 By Privacy, Cyber & Data Strategy Team

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 […]

Filed Under: Data Protection, Enforcement, Financial Privacy, Health Privacy, International, Mobile Privacy, Online Privacy, Privacy, Regulation, Security Breach Tagged With: Cross-border, EU Data Protection, EU Regulation, European Court of Justice, European Union (EU), Max Schrems Decision, Safe Harbor

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