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FTC Proposes Settlement with Two Companies Over False Safe-Harbor Claims

April 17, 2015 By Privacy, Cyber & Data Strategy Team

On April 7, 2015, two U.S. companies agreed to settle Federal Trade Commission (“FTC”) allegations that they falsely claimed to be in compliance with the U.S.-EU Safe Harbor Framework and the U.S.-Swiss Safe Harbor Framework. In the concurrently filed complaints against TES Franchising, LLC (“TES”), a franchisee coaching business, and American International Mailing, a mail […]

Filed Under: Enforcement, Regulation Tagged With: Department of Commerce (DOC), Federal Trade Commission (FTC), Safe Harbor

FCC Adopts Consent Order with AT&T Over Alleged Data Security Violations

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

The Federal Communications Commission (FCC) announced on April 8 that it had adopted a consent decree between its Enforcement Bureau and AT&T Services, Inc. (AT&T), including a civil penalty of $25 million and a requirement to adopt a comprehensive compliance plan, among other actions.  The consent decree alleges that AT&T “failed to protect the confidentiality” […]

Filed Under: Data Security, Enforcement, Regulation

New York State Regulator to Examine Insurers on Cybersecurity Following Comprehensive Risk Assessments

April 7, 2015 By Privacy, Cyber & Data Strategy Team

On March 26, 2015, Benjamin Lawsky, Superintendent of the New York State Department of Financial Services (DFS), sent a letter to the CEOs, General Counsel, and Chief Information Officers of all insurers doing business in the state to inform them of a mandatory cybersecurity questionnaire and the initiation of targeted cybersecurity examinations.  Approximately 160 insurers […]

Filed Under: Cyber Risk, Cybersecurity, Regulation

FFIEC Issues Warnings on Malware and Cyber Attacks

April 7, 2015 By Privacy, Cyber & Data Strategy Team

The Federal Financial Institutions Examination Council (FFIEC) has issued two joint statements warning of specific cyber risks.  The warnings, which were issued on March 30, 2015, address risks arising from destructive malware, which can destroy sensitive data, and cyber-attacks that compromise user credentials.  In both statements, the FFIEC also provides guidance on how to mitigate […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Protection, Regulation

President Obama Signs Executive Order Authorizing Sanctions for Cyber Attacks, Use of Stolen Data

April 2, 2015 By Privacy, Cyber & Data Strategy Team

On April 1, 2015, the White House unveiled Executive Order 13694, which authorizes the Treasury Department to sanction entities outside of the United States that engage in “cyber-enabled activities” that are “reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial […]

Filed Under: Cybercrime, Cybersecurity, Data Breach, Enforcement, Regulation

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