The NAIC’s Insurance Data Security Model Law Takes a Step Closer to Becoming Reality & Law Firms Should Pay Attention
10/27/17
By: Glenn M. Kenna
On October 24, 2017, the National Association of Insurance Commissioners (“NAIC”) adopted the Insurance Data Security Model Law (“Model Law”). The Model Law includes rules covering a broad range of data security, security breach investigation, breach …
Equifax and SEC are Latest Victims of Cyber Attacks
9/25/17
By: Amy C. Bender
Two more powerhouses have fallen victim to a data breach.
News of the cyber attack on Equifax spread like wildfire, causing fear in the minds of credit holders everywhere as well as an almost immediate wave …
Computer System Fraud and Funds Transfer Fraud Coverages Extended to "Spoofing"
9/8/17
By: Richard E. Wirick
Computer theft insurance takes many forms. Under traditional commercial criminal theft products, coverage only applies if there is a “fraudulent (a) entry into…a Computer; [and] (b) a change to Data elements or program logic of a …
Delaware Amends Data Breach Notification Law
8/29/17
By: Kacie L. Manisco
On August 17, 2017 Delaware Governor John Carney signed into law a bill amending the state’s Date Breach Notification Statute, marking the first significant change to Delaware’s data breach notification law since 2005. The amendments, which …
Data Privacy-As the Spokeo Turns
8/29/17
By: Jonathan M. Romvary
As we all know, the data privacy industry has been paying close attention to ongoing saga of Spokeo, Inc. v. Robins, 136 S. Ct. 1540 (2016), including this firm’s blog, most recently here, here …
SEC Issues Risk Alert on the Cybersecurity Practices of Registered Broker-Dealers, Investment Advisers, and Investment Funds.
8/11/17
By: Jennifer Lee
The U.S. Securities and Exchange Commission (“SEC”) is becoming increasingly focused on cybersecurity issues in recent years as data breaches and ransomware attacks become more frequent and wide-spread across all industries. The most recent Risk Alert, …
An Exception to Florida Sunshine Laws – Helping Cybersecurity Secrecy
8/9/17
By: Jeremy W. Rogers
For the legally uninitiated, in hearing the term “sunshine laws,” it would be easy to misunderstand what exactly that would entail. This is especially so in Florida where tourism boards and state marketing inundate the eyes …
FBI Issues Warning About the Dangers of Internet-Connected Toys
7/21/17
By: Jennifer Lee
The FBI is alerting parents to the risks and dangers associated with bringing an internet-connected smart toy into their homes and their children’s lives. Earlier this week, the Bureau’s Internet Crime Complaint Center (IC3) issued a consumer …
Class Action Lawsuit Filed Against Tempur Sealy and Aptos for Payment Card Data Breach
7/12/17
By: Agne Krutules
A putative consumer class action lawsuit arising from a large data breach was recently filed in the U.S. District Court for the Northern District of Georgia against Tempur Sealy International, Inc. and Aptos, Inc.
Tempur Sealy is …
Target Pays Largest Ever Data Breach Settlement
6/2/17
By: Amy C. Bender
Target has agreed to pay $18.5 million to settle claims by almost all 50 states – the largest multistate settlement and largest data breach settlement in history – arising from the 2013 incident where hackers accessed …
WannaCry Brings New Focus on Cyber Insurance and Privacy Impact Assessments
5/18/17
By: Jonathan M. Romvary
In the wake of last week’s WannaCry ransomware attack that crippled nearly 200,000 computers across 150 nations, businesses around the world must reassess how they can protect themselves from the seemingly inevitable cyber-attack. According …
WannaCry Ransomware Cyberattack Brings Tears to the Eyes of Businesses in More than 150 Countries
5/18/17
By: Robyn Flegal
As of May 18, 2017, more than 200,000 computers in 150 countries have been hit by a large-scale ransomware attack. Victims of the attack include the British National Health Service, FedEx, and Renault. By exploiting a vulnerability …