The Securities and Exchange Commission’s $35 million settlement with Altaba Inc., the successor in interest to Yahoo! Inc., is the first civil penalty of its kind for a data breach and underscores the agency’s increasing focus on public companies’ … [Read more] about SEC Announces Its First Enforcement Action Over Cyber-related Disclosures
The United States Court of Appeals for the Seventh Circuit recently affirmed the dismissal of a putative class action brought by financial institutions against Schnuck Markets, Inc., following a data breach impacting Schnuck beginning late 2012. The … [Read more] about Seventh Circuit Affirms Dismissal of Schnuck Markets Data Breach Lawsuit
On April 18, 2018, the Canadian government published final regulations which include mandatory privacy breach notification, reporting and record-keeping obligations under Canada's federal data protection law called the Personal Information Protection … [Read more] about Canada Publishes Final Regulations on Mandatory Reporting of Privacy Breaches
On April 16, 2018, the Department of Homeland Security (DHS), the Federal Bureau of Investigation (FBI), and the United Kingdom’s National Cyber Security Centre issued a joint Technical Alert (TA), alerting the worldwide cyber exploitation of network … [Read more] about DHS and FBI Issue a Joint Technical Alert with UK Warning Russian State-Sponsored Cyber Attacks
On April 11, Justice Caroline Costello of the Irish High Court referred the Schrems 2.0 case to the Court of Justice of the European Union (ECJ) with 11 questions for the ECJ to answer. Per Justice Costello, the sole issue in the case is whether the … [Read more] about Irish High Court Refers Schrems 2.0 to the ECJ