These days, there is much discussion regarding data breaches, privacy, and information security – and the amount of chatter on these topics can sometimes be overwhelming. This article, which is a brief recap of a presentation given at Baird Holm’s recent 2021 Technology and Data Protection Forum, is intended to […]
Technology & Intellectual Property Update
Consumers Have Newly Minted Data Privacy Rights – Now What?
on Thursday, 18 November 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Virginia and Colorado joined California in adopting comprehensive data privacy legislation that is broadly applicable to residents of these states giving these individuals rights over how their information is used. Now that individuals have these additional rights, the follow up inquiry is whether individuals care about these rights and whether […]
FTC Updates Financial Institution Safeguards Rule
on Thursday, 18 November 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
On October 27, the Federal Trade Commission (“FTC”) announced it was updating the data security safeguards rules that banks are required to implement in order to protect customer information as part of Gramm-Leach Bliley Act (the “Safeguards Rule”). The FTC’s update follows a string of data breaches in recent years […]
New Bill Would Require Companies to Disclose Ransomware Payments
on Thursday, 28 October 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
A new proposed law would require businesses in the U.S. to disclose any ransomware payments within 48 hours of the transaction. The bicameral Ransom Disclosure Act, drafted by Sen. Elizabeth Warren and Rep. Deborah Ross, would mandate companies and organizations (but not individuals) to provide the U.S. Department of Homeland Security […]
The Securities Exchange Commission Enacts New Data Breach Requirements
on Thursday, 28 October 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
The SEC entered into a settlement agreement with Pearson PLC (“Pearson”), an educational publishing company[1] emanating from a data breach suffered by Pearson. In the agreement, the Commission found that Pearson “made material misstatements and omissions regarding a 2018 cyber intrusion.” The 2018 breach encompassed a large amount of data […]
