Tag: CyberSecurity
Judge Slashes Attorneys’ Fees in Anthem Data Breach Settlement
News
The judge ruled that attorneys for the class action plaintiffs are entitled to $31 million in fees, $2 million in expenses, and $132,000 for other operation costs, according to Bloomberg Law.
Recovering Data Breach Losses from Non-Contractual Parties
Insight
Often, the loss initially falls on the financial institution through account or card agreement provisions or deadlines imposed by statutes or regulations, according to a Dykema blog post.
Bitcoin Exchange Operator Faces 40 Years in Jail for Lying to SEC
News
The virtual currency operator absconded with investors’ assets, exchanging them into U.S. dollars to buy groceries and to pay for travel and other personal expenses, reports Bloomberg Law.
$17M Target Data Breach Settlement Affirmed on Second Try
News
The settlement, which provides for a $10 million fund for customers and $6.75 million for plaintiffs’ attorneys, won final approval in November 2016, according to Bloomberg Law.
Dismiss Big Law Malicious Prosecution Suit, Judge Recommends
News
The recommendation could bring an end to one of several high-stake lawsuits that LabMD Inc. is pursuing against cybersecurity firm Tiversa Inc. and some of the nation’s largest law firms, writes Bloomberg Law.
Biglaw Firm, Former U.S. Attorney Accused of Hacking Cover-Up
News
The allegations are in a suit against former U.S. Attorney Mary Beth Buchanan and Bryan Cave Leighton Paisner LLP, the global megafirm where she is now a partner, according to Bloomberg Law.
Webinar Recording Available on SEC Cybersecurity Guidance
On-Demand
Hunton & Williams LLP has posted an on-demand webinar discussing the Securities and Exchange Commission’s recently released cybersecurity guidance.
Webinar: Data Privacy: The Current Legal Landscape
Webinar
Troutman Sanders speakers will cover the ongoing evolution of the legal landscape for data-based products, so that organizations can continue to succeed in their development of data-based products.
U.S. Supreme Court Wrestles With Microsoft Data Privacy Fight
News
The case began when Microsoft balked at handing over a criminal suspect’s emails stored in Microsoft computer servers in Dublin in a drug trafficking case, Reuters reports.
Memo to Law Firms: Raise Cybersecurity Bar or Risk Client Losses
News
Cybersecurity protections are becoming a serious factor in client decision-making at law firms, and large firms stand to lose business if they don’t take care of cybersecurity.
Download: How to Prepare Your Business for 2018 GDPR Requirements
Insight
In May 2018, the General Data Protection Regulation (GDPR) will go into effect, requiring companies that do business in Europe to adjust their strategies for data management.
New Report Highlights Cyber Threat to US Electric Industry
Insight
Critical infrastructure industrial control systems could be susceptible to a new type of malware, reports Morgan Lewis in its Power & Pipes blog.
Lawyer is the First Guy Computer Hackers Call When the FBI Shows Up
News
Former Manhattan lawyer Tor Ekeland traded in his fat paycheck for a not-so-lucrative private practice as one of a handful of defense lawyers who specialize in computer crimes.
Download: Greenwald on the Value of Privacy
Insight
Zapproved has published a complimentary recap of the PREX17 keynote address by Pulitzer Prize-winning journalist Glenn Greenwald, which explores the boundary layer between law and technology in the connected society.
What Does Ransomware Cost Companies?
Insight
Quantifying what ransomware costs companies can impact contract drafting and negotiation. Eric Begun of King & Fisher writes that a recent 10-Q filing provides insight.
Supreme Court Leaves Holes in Anti-Hacking Law
News
The U.S. Supreme Court declined last week to consider two cases concerning the Computer Fraud and Abuse Act (CFAA), leaving certain questions unresolved regarding liability for computer hacking and the prospect for potentially harsh criminal and civil penalties.
Mitigating Cyber Risk: Third-Party Service Provider Contract Considerations
Insight
If data is trusted to a third party, the parameters of what is expected to keep your data safe should be memorialized in a contract with that service provider, writes Marc C. Tucker of Smith Moore Leatherwood LLP.
You Don’t Think Your Small Business Will Get Hacked? You’re Wrong.
News
While the majority of businesses at risk for criminal hacking are major institutions that deal with a lot of data – such as banks – the idea that small and midsize businesses aren’t a target is mistaken, reports the Chicago Tribune.
Lessons Learned: Vendor Sued in Class Action Suit for Security Misses
Insight
A recent federal class action suit filed in Pennsylvania against Aetna and its vendor illustrates several new privacy and security considerations for vendors and their customers, writes Eric Begun of King & Fisher.
Hunton & Williams Partner Named Arbitrator for EU-US Privacy Shield Framework
News
Lisa Sotto, chair of Hunton & Williams’ top-ranked global privacy and cybersecurity practice and managing partner of the firm’s New York office, has been selected as an arbitrator in connection with the EU-US Privacy Shield Framework Binding Arbitration Program.
