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Join the Cybersecurity and Incident Response Group on LinkedInCyber insurance has changed incident response — for better or worse
… At a micro summit during Black Hat 2019 in August, experts described a booming market with an increasing number of competing insurance carriers and incredibly cheap policies for enterprises that need financial protection against cyberattacks. But the speakers also urged the infosec community to be aware of potential hurdles and drawbacks, including hidden exclusions […]
Lawyers Who Got $1.4B Equifax Data Breach Settlement Want $77M in Fees | Daily Report
Plaintiffs lawyers who obtained a $1.4 billion class action settlement with Equifax over its massive data breach have asked a federal judge to approve more than $77.5 million in attorney fees to them. In a Tuesday motion, lawyers from 13 firms appointed to the multidistrict litigation said their fee request, originally disclosed in the settlement’s […]
Zendesk Hit with Data Breach-Related Securities Suit | The D&O Diary
In the latest example of a securities class action lawsuit arising out of data breach or other cybersecurity incident, on October 24, 2019, a plaintiff shareholder filed a securities class action lawsuit against California-based software company Zendesk. The lawsuit follows after the company announced disappointing second quarter financial results in July and then announced in […]
As Hackers Get Smarter, Can Law Firms Keep Up? | Law.com
The legal industry has poured significant resources into cybersecurity, leading to huge leaps in progress in the last decade, said security consultants, data privacy lawyers and chief security officers at law firms. But they also pointed to areas where large and small law firms can do much better in preventing and reacting to data breaches. And […]
E&Y: What companies are sharing about cybersecurity risk and oversight
The U.S. Securities and Exchange Commission (SEC) issued guidance in 2018 promoting clearer and more robust disclosure about cybersecurity risks and incidents and how boards discharge their cybersecurity risk oversight responsibility. Our 2018 Cybersecurity disclosure benchmarking report explored how companies were responding to this guidance. We undertook the same research this year to help inform […]
Top Privacy Partner Joins McDermott As Cyber Practice Head (1)
McDermott Will & Emery has hired the co-chair of BakerHostetler’s blockchain technologies and digital currencies team as its global head of privacy and cybersecurity practice in Washington. An experienced privacy and cybersecurity attorney, Laura Jehl has spent the past three decades handling complex data security incidents and led investigations both in-house and in private practice. […]
Senators urge investigation of Amazon’s role in Capital One hack
Two lawmakers want to know about Amazon’s role in the Capital One hack that exposed data of 100 million customers. U.S. Democratic Senators Ron Wyden and Elizabeth Warren wrote a letter to the Federal Trade Commission on Thursday asking it to investigate whether Amazon’s failure to secure the servers it rented to Capital One violated […]
When Cyber Threatens Your Deal: 5 Cybersecurity Tips That Could Save Your M&A Transaction | Blake, Cassels & Graydon LLP – JDSupra
In today’s technology-driven business world, organizations are more vulnerable than ever to cybersecurity threats such as data and privacy breaches. As a result, in the context of M&A transactions, assessing the cybersecurity posture of a target entity has become a key due diligence consideration for buyers. Depending on the target’s operations and the industry in […]
Data breach trends from the first year of the GDPR revealed – TechCentral.ie
Of the 5,818 breach notifications the DPC has received since 25 May 2018, common trends include late notifications; difficulty in assessing risk ratings; failure to communicate the breach to data subjects; repeat breach notifications; and inadequate reporting. Unauthorised disclosure was the main offender; it was behind 83% of all breaches. This can include sending an […]
More Than 100 Law Firms Have Reported Data Breaches. And the Problem Is Getting Worse | Law.com
In all, the breach may have exposed the personal information of 859 people, according to Jenner’s report to state authorities. That breach, previously unreported in the news media, was just one of dozens of cybersecurity incidents that law firms—from Big Law firms to solo offices—have reported to state authorities in the last five years, according […]
Law Firm Cybersecurity: See Which Firms Reported a Data Breach | Law.com
The law firms in the graphic below submitted data breach notifications to state authorities, reporting when the personal information of employees, clients or other personnel linked to them may have been exposed. The reports include law firms that may have experienced breaches directly or through third parties, including vendors. via Law Firm Cybersecurity: See Which […]
Cyber Insurance Will Reshape Cybersecurity
Cyber insurance carriers, armed with the best understanding and motivations, will spur businesses to take actions that allow for better cyber planning and budgeting, improved ability to withstand attacks, more accurate premiums on policies, and ultimately a stronger cybersecurity ecosystem. Cybersecurity may be broken—but cyber insurance can help fix it. via Cyber Insurance Will Reshape […]
California Privacy Law May Spur Data Breach Lawsuit Wave
The California Consumer Privacy Act clears the way for state residents to sue companies for data breaches involving certain information, if a company fails to maintain reasonable security. Californians can seek damages of between $100 and $750 per consumer per incident under the law. That may mean millions of dollars for some companies, attorneys said. […]
Meet the former prosecutor who became the face of crypto VC investing
Haun spent her early years abroad thanks to her parents’ jobs at a Fortune 500 company, and her teenage years in Cairo, Egypt. She moved back to the States to attend Boston University, then Stanford Law School, and began her career as a law clerk. Haun eventually worked for Supreme Court Justice Anthony Kennedy. When […]
Bill Calling for DHS Cyber Incident Mitigation Teams Advances
In the wake of ransomware attacks that have hit the public and private sectors, the U.S. Senate has passed a bill that calls for creating cyber incident response and threat hunting teams at the Department of Homeland Security. The DHS Cyber Hunt and Incident Response Teams Act 2019, was approved by the Senate by unanimous […]