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Cybersecurity & Privacy

  • June 12, 2018

    Reg A+ Is Becoming A Popular Path To Pursue ICOs

    More companies are preparing initial coin offerings by using the so-called Reg A+ exemption, a streamlined initial public offering often dubbed a “mini-IPO,” though such campaigns face regulatory hurdles and other obstacles, capital-raising experts said at various talks Tuesday in New York.

  • June 12, 2018

    Yahoo Hit With £250K Fine Over 2014 Data Breach

    Britain's data protection watchdog said Tuesday that it has fined Yahoo £250,000 ($334,000) for security lapses that were exploited in a 2014 data breach that exposed the personal data of around 500 million account holders worldwide, days after Yahoo's lead European regulator said the internet company flouted EU law in how it handled the episode.

  • June 12, 2018

    Rosen Law To Lead AMD Investor Suit Over Chip Flaw

    A California federal judge appointed The Rosen Law Firm PA as lead counsel for investors who sued Advanced Micro Devices Inc. when the company’s share price dropped following a revelation that its chips were more vulnerable to a security flaw than had been previously disclosed.

  • June 12, 2018

    FCA Tells Banks To Watch Clients Using Cryptocurrencies

    The Financial Conduct Authority told banks to “enhance” their scrutiny of clients who trade in cryptocurrencies or invest in initial coin offerings, in order to prevent the risk of them “facilitating” financial crimes.

  • June 11, 2018

    74 Arrested In Alleged Email Scam Targeting Wire Transfers

    Dozens of U.S. and Nigerian participants in alleged email scams targeting wire transfers have been arrested in the past six months, the U.S. Department of Justice announced Monday.

  • June 11, 2018

    Ex-KPMG Partner Says Feds Sitting On Evidence

    A former audit partner at KPMG LLP has asked a Brooklyn federal judge to make prosecutors look for exculpatory evidence in files belonging to the U.S. Securities and Exchange Commission and an accounting oversight group, saying both were essentially part of the prosecution team.

  • June 11, 2018

    Former Equifax Exec Wants Insider Trading Charges Dropped

    A former Equifax executive accused of selling off shares before the public was informed of the company's massive data breach told a Georgia federal court Monday that the government's indictment only proves he exercised stock options after being lied to by his employer.

  • June 11, 2018

    Wells Fargo Bans Crypto Purchases On Its Credit Cards

    Wells Fargo & Co. said Monday that it has stopped allowing customers to use its credit cards to buy cryptocurrency, making it the latest major bank to impose such restrictions amid concerns about volatility and other risks in the market for digital currencies.

  • June 11, 2018

    Medical Software Co. Looks To Toss Data Breach MDL

    A medical software company urged an Indiana federal court Monday to dismiss multidistrict litigation launched against it over a 2015 data breach that exposed the sensitive data of 3.9 million people, arguing that the breach alone did not cause any injuries under the law.

  • June 11, 2018

    Saks Hit With Class Action Over 'Notorious' Hackers' Breach

    Saks & Co. got slapped with a proposed class action in California federal court Friday that accuses the retailer of failing to protect its customers’ credit and debit card numbers from a data breach engineered by a “notorious hacking group” that allegedly attacked nearly all of Saks’ point-of-sale systems in March.

  • June 11, 2018

    Kaspersky Urges DC Circ. To Expedite Federal Ban Ruling

    Embattled Russian cybersecurity firm Kaspersky Lab Inc. urged the D.C. Circuit to quickly decide its appeal over a ban on the U.S. government using its products, saying a growing stigma resulting from the ban has significantly hurt its bottom line.

  • June 11, 2018

    Norton Rose Expands Cyber Risk Group With 3 New Attys

    Norton Rose Fulbright has added three new partners to its global cyber risk group, two from Holland & Knight LLP and one from Shearman & Sterling LLP, gaining attorneys who bring expertise in cybersecurity regulation and litigation, data breach investigations, and data and risk analysis. 

  • June 11, 2018

    US Sanctions Russian Cos. Over Expanded Cyber Capabilities

    The Trump administration has imposed new sanctions on several Russian businesses and individuals accused of working with Russia’s main counterintelligence and security agency, the U.S. Department of the Treasury announced Monday, saying the sanctioned entities' actions “jeopardize the safety and security” of the U.S. and its allies.

  • June 11, 2018

    Cyberscammer Duped Mass. Clean Energy Center, Audit Finds

    Not only did a cyberscammer trick a Massachusetts clean energy agency into wiring public funds, but the agency also botched the reporting of the crime to its board of directors and to authorities, according to a state audit released Monday.

  • June 8, 2018

    Ex-CIA Consultant Convicted On 4 Foreign-Aid Counts

    A Virginia federal jury convicted a former Central Intelligence Agency case officer of espionage on Friday for passing documents to a People's Republic of China-linked agent in exchange for money, according to a federal prosecutor's office.

  • June 8, 2018

    Stormy Daniels' Former Atty Retaliates With Defamation Suit

    Adult film star Stormy Daniels’ former attorney has hit back in her suit against him, where she claims he was a “puppet” of President Donald Trump and his attorney Michael Cohen, alleging Thursday that Daniels and her current counsel have made “countless reckless and false statements” against him.

  • June 8, 2018

    New EU Cybersecurity Certification Program Moves Forward

    The European Union took a step forward Friday in establishing a new bloc-wide cybersecurity agency and enacting a new certification framework that proponents say will create a food label-type standard promising a level of data security on products like connected cars and smart medical devices.

  • June 8, 2018

    Caliber Home Loan Ditches $5M Breach Class Action, For Now

    A California federal judge on Friday nixed a $5 million consumer class action over a Caliber Home Loans Inc. data breach, saying that the named plaintiff had to “allege more than the cagey and indefinite allegations” in the complaint, and giving him an opportunity to take another stab at all but one of the claims.

  • June 8, 2018

    Top Senate Intel Aide Released Amid Charges Of Lying To FBI

    A top staffer for the Senate Select Committee on Intelligence who was recently arrested and charged with lying to the FBI about his contacts with reporters was released Friday after a brief hearing, with his passport taken away and his freedom to travel limited.

  • June 8, 2018

    FTC Taps New Inspector General From Commerce

    The Federal Trade Commission said Friday that it has replaced its retired inspector general with a staffer from the U.S. Department of Commerce who has extensive audit experience from several governmental agencies.

Expert Analysis

  • GDPR Is Here — What If You Didn't Prepare?

    Joseph Facciponti

    Businesses that are only now waking up to the reality of the EU General Data Protection Regulation, which took effect on Friday, must prioritize their compliance efforts to mitigate potential regulatory risks as they work quickly to achieve full compliance, say Joseph Facciponti and Katherine McGrail of Murphy & McGonigle PC.

  • With States' Crypto Regulation, Problems Multiply

    Jason Gottlieb

    State securities agencies are increasingly regulating the cryptocurrency space through administrative proceedings and summary cease-and-desist orders. But the uncertainties and ambiguities in current cryptocurrency regulation mean that multistate action — even if coordinated — will create a real risk of splintered authority, says Jason Gottlieb of Morrison Cohen LLP.

  • GDPR — Coming Soon To A Merger Near You

    Emma Flett

    Beginning May 25, European regulators will be able to enforce the EU General Data Protection Regulation. The possibility of enforcement means the GDPR will now have greater bearing on M&A activity in the U.S. and elsewhere, say Emma Flett and David Higgins of Kirkland & Ellis International LLP.

  • Health Tech Is The New Focus For Cybersecurity Policy

    Elliot Golding

    Over the last year, government reports, enforcement actions and new regulatory proposals have thrown health care technology into the limelight. While the Health Insurance Portability and Accountability Act is already one of the country's most robust privacy and security laws, the government is seeking to fill some significant gaps in regulation, says Elliot Golding of Squire Patton Boggs.

  • Introducing The Legal Industry To Millennial Business Owners

    Yaima Seigley

    ​The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.

  • 5 Questions You Should Ask About Your Global Equity Awards

    William Woolston

    U.S. companies venturing into the world of global equity compensation confront a complex, cross-border web of rules and regulations. Victoria Ha and William Woolston of Covington & Burling LLP highlight five critical questions that can help U.S. companies navigate common legal pitfalls, with a focus on some of the most rapidly evolving areas of law.

  • Facing The Homestretch Of GDPR Prep: Part 3


    The EU General Data Protection Regulation implementation date — May 25 — is one week away. In this video, Brian Hengesbaugh of Baker McKenzie discusses how companies can set realistic short- and long-term goals.

  • California May Pass Its Own GDPR

    Purvi Patel

    If approved by voters in November, the California Consumer Privacy Act would impose a sweeping privacy regime like the EU’s General Data Protection Regulation. The act covers virtually all information a business has about a consumer, expanding far beyond traditional notions of personal information, say Purvi Patel and Alexandra Laks of Morrison & Foerster LLP.

  • 11th Circ. Adds To Chorus Addressing Cyber Insurance

    J. Robert MacAneney

    On May 10, the Eleventh Circuit held in InComm v. Great American that computer fraud coverage did not apply to prepaid debit card holders who exploited a coding error in the insured's computer system. While this case does not involve social engineering fraud, it is nonetheless instructive on some of the key issues common in such disputes, say Robert MacAneney and John Pitblado of Carlton Fields Jorden Burt PA.

  • Opinion

    Why Won't Judicial Nominees Affirm Brown V. Board Of Ed?

    Franita Tolson

    On May 17, 1954, the U.S. Supreme Court decided Brown v. Board of Education, recognizing a moral and legal truth that should be beyond question in American society. The refusal by some of President Donald Trump's judicial nominees to say whether they believe the case was decided correctly is indicative of the narrow-minded elitism they would bring to the bench, says professor Franita Tolson of the University of Southern California's Gould School of Law.