Researchers at Kaspersky Lab, a cybersecurity and antivirus company, announced Thursday that during the first quarter of 2019, they discovered a significant increase in malware that was designed to steal credentials and money from users’ bank accounts.
In this week’s Taxation with Representation, Nuvei buys SafeCharge for $889 million, Dish Network buys broadcast satellite assets from Echostar for $808 million and Aurubis scoops up Metallo Group for $424 million.
Total SA wants to pocket up to $4 billion through a sale of some of its stake in a Kazakhstan oil field, PT Softex Indonesia is considering going public, and Global Payments is close to snapping up Total System Services in a roughly $20 billion deal.
Investment advisers and brokers are putting their customers’ information in danger of a breach, staff at the U.S. Securities and Exchange Commission warned in a risk alert issued Thursday.
A New Zealand-based online asset exchange undergoing liquidation in its home country is asking a New York bankruptcy court to protect as much as $130 million in client assets that it says are being held by an Arizona-based server company, according to a Friday memorandum.
A former Crowell & Moring attorney with experience handling technology-centric mergers and acquisitions in regulated industries has joined Venable's corporate practice as a partner in the firm's Washington, D.C., office.
The Federal Reserve announced Wednesday that it might take further action this fall on proposed cybersecurity standards for big banks and their vendors in the face of increasingly prevalent cyberthreats, reviving a rulemaking that had been put on the back burner in 2017.
A co-founder of shuttered cryptocurrency company Centra Tech says investors who claim they were misled about digital tokens they bought from Centra agreed to arbitrate any claims arising from the purchase.
Insurer Beazley Group says its clients have reported twice the number of ransomware cyberattacks in the first quarter of 2019 as they did last year, with hackers targeting bigger companies and demanding bigger ransoms than ever before.
The U.S. Securities and Exchange Commission filed suit Wednesday against the founder and sole member of IPro, a purported purveyor of online instructional materials and cryptocurrency that it claims was actually a $26.5 million pyramid scheme.
A British man pled not guilty in New York federal court Thursday to charges he aided a multimillion-dollar Ponzi scheme by getting investors to put their money into a workspace startup run by another Briton who had been barred from directing companies in the U.K.
Greylock Partners, a private and venture capital investment firm that was an early backer of Facebook and LinkedIn, agreed Thursday to inject $20 million into PayJoy, a startup that provides emerging markets with smartphone technology in order to promote access to credit.
The former chief of New Jersey’s first federal cybercrimes unit is moving on to New York to help oversee the first-of-its-kind division charged with safeguarding the public and financial service industry from cyberthreats, officials announced Wednesday.
ETC Global Holdings Inc. asked a California federal court on Tuesday for a quick win in a case brought by software maker InteliClear LLC, saying trade secret laws don't protect InteliClear's program, and even if they did, ETC didn't steal the product's features.
TransferWise is now reportedly worth $3.5 billion thanks to its latest funding round, Lone Star Funds is getting ready to either sell or list Isaria Wohnbau AG, and Hudbay Minerals is getting ready to sell its stake in an Arizona copper mine.
Toronto-based Wealthsimple Inc., the developer of an online investing platform and commission-free trading app, has secured CA$100 million ($74.5 million) in a funding round led by Allianz X, the digital investment division of German insurance giant Allianz Group, the companies said Wednesday.
The operator of the trading platform Bitfinex and cryptocurrency company Tether Ltd. say the New York attorney general's case against them can't proceed because they don't sell securities or deal with New Yorkers.
Nuvei on Wednesday inked an $889 million takeover of U.K.-listed SafeCharge, the latest combination of payment services companies amid a wave of consolidation.
Thailand's Securities and Exchange Commission on Wednesday announced changes to its debt crowdfunding rules, placing caps on the amount small and medium-sized businesses can raise and establishing eligibility requirements for capital-raising platforms.
The CEO and owner of payment processing firm Allied Wallet will forfeit his Los Angeles residence as part of a settlement with the Federal Trade Commission over claims he and two colleagues helped merchants pilfer $110 million from customers using their system, the FTC said Tuesday.
Both sides of a messy dispute over an online banking agreement between ACI Worldwide and KeyBank told a Massachusetts federal judge the other’s bid for a win on some of the claims falls short, with issues that still need to be decided by a jury.
The U.S. Treasury Department vowed Tuesday to work with members of Congress to develop legislation that would funnel fundamental information about who owns corporations into a national repository that could make it easier to thwart financial crime.
Federal guidance on the tax treatment of cryptocurrencies — guidance that practitioners have been waiting on for years — will be released soon, Internal Revenue Service Commissioner Chuck Rettig has told Congress.
New York federal prosecutors have disputed claims by two men accused of fraud related to their shuttered cryptocurrency company Centra Tech that prosecutors had improperly accessed privileged attorney-client communications on the messaging app Slack.
Financial technology company Broadridge Financial Solutions on Tuesday said it agreed to acquire Canadian wealth management software company RPM Technologies for roughly $300 million.
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
There are a number of ways that attorneys can ensure their summer associates successfully manage critical writing assignments and new types of professional interactions, says Julie Schrager of Schiff Hardin.
Shortly after President Donald Trump took office, he issued an executive order directing agencies to eliminate two existing regulations for every new regulation adopted. Multiple lawsuits challenging this order are ongoing, but federal courts are poorly equipped to adjudicate claims that involve an agency’s failure to regulate, says Steven Gordon of Holland & Knight.
Today’s law firm leaders are pretty good at developing a strategic vision for the enterprise, but there is often a disconnect between that road map and the marketing department’s rank and file, leading to a deliverable that does little to differentiate the firm, says José Cunningham, a legal industry consultant.
Over a dozen major law firms have joined our effort to overcome the legal obstacles that states, cities and businesses face in fighting climate change. But more lawyers are needed, say Michael Gerrard of Columbia Law School and John Dernbach of Widener University Commonwealth Law School.
The Tenth Circuit’s recent opinion in City of Cambridge Retirement System v. Ersek — concerning shareholders’ allegations against officers and directors of Western Union — was a little-noticed decision, but it has broad implications for shareholder derivative actions, say Chris McCall and Luke Ritchie of Moye White.
Security advocates generally agree that the Apple Card — Apple's foray into the credit card industry, slated for this summer — will be safer than typical credit card transactions, but some privacy and consumer liability concerns do exist, say Aaron Swerdlow of Weinberg Gonser and Joel Sherwin of Neopay.
The rapid adoption of artificial intelligence-based tools and applications across most industries means that even patent practitioners outside of computer and electrical engineering fields may be presented with AI-related invention disclosures, says Allison Gaul of Kilpatrick Townsend.
In this monthly series, legal recruiting experts from Major Lindsey & Africa interview legal industry leaders about the increasingly competitive business environment. Here, Rod Osborne talks with Gary Tully, head of legal operations at Gilead Sciences.
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
Retired U.S. Supreme Court Justice John Paul Stevens' new book, "The Making of a Justice," is required reading for anyone interested in 20th and 21st century America, says Seventh Circuit Chief Judge Diane Wood.
Not long ago, patent practitioners primarily obtained information about a patent examiner’s working style by working with the examiner or hearing reports of colleagues’ experiences with the examiner, but now data analytics offer additional clues, says Eric Snustad of Fredrikson & Byron.
How can companies calculate a budget for research and development and innovation programs? One helpful approach is to rank the company among its peer group of competitors, and this score can also serve as a leading indicator of stock price for the investment community, says Stephen Glazier of Akerman.
Prosper Funding's recent $3 million settlement with the U.S. Securities and Exchange Commission suggests that companies may face Securities Act Claims even for inadvertent performance data errors if their code is out of date or poorly understood by staff, say attorneys at Mayer Brown.
Recent guidance from the U.S. Securities and Exchange Commission may help issuers avoid having their future initial coin offerings categorized as unregistered securities offerings. But for past ICOs, issuers must rely on the SEC's remediation process, and should consider two key questions before proceeding, says Kayvan Sadeghi of Schiff Hardin.