When President-Elect Biden takes office on January 20, many in the banking industry are hoping that he is met with a divided Congress and a Senate under Republican control. The general wisdom behind such thinking is that a divided Congress is unlikely to pass any significant legislation impacting financial services, […]
Technology & Intellectual Property Update
Data in the Cloud: Cyber-Security, Legal, and Financial Considerations
on Wednesday, 25 November 2020 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Cloud Benefits and Costs An annual study by IBM and Ponemon Institute (the “Study”) reviews and reports the average costs associated with data breaches and how different technologies, industries, or preventative measures affect the average. The Study reports averages based on a “per-record” basis. A “record” can be any data […]
A Closer Look at the CPRA’s Expansion of Individual Privacy Rights
on Wednesday, 25 November 2020 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
On election day this November, Californians passed the California Privacy Rights Act (“CPRA”), also known as CCPA 2.0, as a ballot initiative. We previously provided a high-level overview of the CPRA, here, but now that the initiative passed, it is time for a deeper dive into this new round of […]
OFAC Warning – Beware of Helping Ransomware Victims Pay their Attackers
on Tuesday, 27 October 2020 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Earlier this month, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an advisory to banks and other companies involved in addressing cyberattacks – including cyber insurance firms, digital forensics, and incidence response companies – highlighting the risks associated with ransomware payments to cyber criminals. The […]
CCPA Updates: Exemptions Signed into Law
on Tuesday, 27 October 2020 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Governor Newsom of California recently signed into law two new bills that provide clarity on two major exemptions to California’s comprehensive privacy law, the California Consumer Privacy Act (“CCPA”). These exemptions provide clarity for business assessing their compliance obligations. The CCPA applies to for-profit entities, located anywhere in the world, […]