In two letters sent to Diana Dykstra, the President and CEO of the California and Nevada Credit Union Leagues, both MasterCard and Visa have confirmed that, under their network rules, card issuers are permitted to disclose the identities of merchants involved in data breaches in certain circumstances. In MasterCard’s letter dated June 3, 2015, Eileen […]
Regulation
Alston & Bird partners Teri McMahon and Dominique Shelton discuss updates to M&A and privacy & data security practice areas at ACC Israel Annual Event
On June 16, 2015, Alston & Bird partners Teri McMahon and Dominique Shelton made presentations on current issues of the M&A and privacy and data security practice areas at the ACC Israel Annual Event. The event, attended by over 200 attorneys from Israel and around the world, focused on trending global mergers & acquisitions issues. Teri McMahon discussed trends in […]
The Digital Single Market Strategy and EU Data Security Policies
The landscape of data security regulation within the European Union will likely change drastically over the next few years. In just the latest indicator of this regulatory revolution, the European Commission adopted on May 6, 2015 the heavily anticipated Digital Single Market (DSM) strategy, a multifaceted package of initiatives aimed at reducing or eliminating barriers […]
RadioShack Agrees to Significant Limitations in Sale of Customer Data Following Pressure from State Regulators and the FTC
In what may become viewed as the de facto standard for selling customer information in bankruptcies, a Delaware bankruptcy court approved, on May 20, 2015, a multi-party agreement that would substantially limit RadioShack’s ability to sell 117 million customer records. The agreement was entered into by RadioShack Corp., General Wireless Inc., and 17 state attorney generals as […]
FTC Looks “More Favorably” Upon Companies That Report Data Breaches to Law Enforcement
The Federal Trade Commission recently announced that it views companies that report data breaches to appropriate law enforcers “more favorably” than those companies that are less cooperative. Mark Eichorn, Assistant Director in the Bureau of Consumer Protection’s Division of Privacy and Identity Protection, included the announcement in a May 20, 2015 blog post, describing a […]