On May 19, 2022, the Department of Justice (DOJ) announced a change in its policy for prosecution of violators of the Computer Fraud and Abuse Act (CFAA). Under the new policy, good-faith researchers, pen-testers, or bounty hunters will not be prosecuted. The announcement is a welcome clarification for researchers and […]
Technology & Intellectual Property Update
California Privacy Protection Agency Releases Draft Regulations
The California Privacy Protection Agency (the “Agency”) released draft regulations on May 27, 2022, that are intended to implement portions of the California Consumer Privacy Act (“CCPA”) as amended by the California Privacy Rights Act (“CPRA”). The regulations focus on issues ranging from opt-out preferences to consumer complaints as companies […]
CFPB will Directly Supervise Fintech Companies
In an aggressive expansion of its regulatory oversight of the financial services market, the Consumer Financial Protection Bureau (“CFPB”) announced last month its intent to use dormant authority within the Dodd-Frank Act to begin supervising non-banks (including fintech and crypto companies) that the CFPB has reasonable cause to determine pose […]
Connecticut Passes Consumer Data Privacy Law
Connecticut has joined California, Colorado, Utah, and Virginia in passing a comprehensive consumer data privacy law that establishes obligations for businesses that collect and process the personal data of Connecticut residents. The Connecticut Data Privacy Act (the “Act”) was signed by Governor Ned Lamont on May 10, 2022. The new […]
BEC Fraud Revisited
Business Email Compromise (“BEC”) frauds have once again become a major threat for businesses. This method took a backseat to other more sophisticated scams for the last two years, but the scheme has been reinvigorated, once again taking center stage. The FBI issued a Public Service Announcement on May 4, […]