Data Privacy
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Companies lean on AI in push to curb cyber insurance costs
Half of business leaders responding to a Delinea survey said their organization was able to negotiate a lower cyber insurance rate after using AI.
By Alexei Alexis • Sept. 10, 2024 -
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Halliburton confirms data stolen in August cyberattack
The company continues to incur expenses related to the attack, but does not expect a material impact.
By David Jones • Sept. 3, 2024 -
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RealPage lawsuit opens a new antitrust front for pricing algorithms
The rise of Big Data across the economy raises antitrust concerns, especially where companies are sharing sensitive proprietary data, legal experts say.
By Justin Bachman • Aug. 28, 2024 -
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Texas sues GM for selling customer driving data
The automaker failed to tell buyers it was selling their driving data to help insurers analyze driving behavior, according to a Texas AG lawsuit.
By Justin Bachman • Aug. 14, 2024 -
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Message alleges TikTok had actual knowledge it was violating child privacy law
The company wouldn't delete children's accounts unless parents submitted a form with information that was already in its possession, a federal lawsuit alleges.
By Robert Freedman • Aug. 5, 2024 -
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Some companies pay ransomware attackers multiple times, survey finds
Robust cybersecurity risk management begins in the boardroom given the costs of disruption and tighter regulatory oversight.
By Justin Bachman • July 30, 2024 -
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Judge deals major blow to SEC’s cybersecurity enforcement stance
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
By Alexei Alexis • July 23, 2024 -
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Companies turn to AI contract tools to reduce external risks
Executives often overlook the importance of shrewd third-party contracting when managing their risk profiles, according to a legal tech panel.
By Justin Bachman • July 18, 2024 -
Photo illustration by Danielle Ternes/Legal Dive; photograph by ismagilov via Getty Images
Majority of SEC civil fraud case against SolarWinds dismissed, but core remains
The court ruling related to claims leading up to and immediately following the 2020 Sunburst supply chain hack.
By David Jones • July 18, 2024 -
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Ransomware leak site posts jumped 20% in Q2
Threat groups claimed attacks on 1,237 organizations during the quarter, marking an increase from Q1. U.S.-based businesses accounted for more than half of all victims, Reliaquest found.
By Matt Kapko • July 16, 2024 -
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Citi to pay $135.6M in new penalties over 2020 orders
The bank has made insufficient progress toward resolving nagging data quality, risk management and internal control issues, the OCC and Federal Reserve said.
By Dan Ennis • July 11, 2024 -
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AI policy, compliance leave lawyers more skeptical than executives: survey
North America has so far adopted an “innovation-friendly” approach to AI regulations compared to countries in Europe and Asia, a report finds.
By Justin Bachman • July 10, 2024 -
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Cyber insurance prices fall amid rising competition: report
The pricing relief comes even as cyberattacks are escalating and businesses are paying more to recover from them.
By Alexei Alexis • July 2, 2024 -
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SEC’s $2.1M fine on RR Donnelly over hack response slammed as overreach
The agency’s assertion that a cybersecurity failure can be punished as an “internal accounting controls” violation is raising eyebrows.
By Alexei Alexis • June 25, 2024 -
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Ransomware victims becoming less likely to pay cyberhackers
Demands jumped in 2023 even as more companies plot better defenses against attacks that can incur deep business interruption costs, a report says.
By Justin Bachman • June 17, 2024 -
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Chopra raises alarm on ‘financial surveillance’ at Senate hearing
“These plans to monetize sensitive financial transaction data are a reminder that the United States is slowly lurching toward more financial surveillance and even financial censorship,” CFPB Director Rohit Chopra said.
By Rajashree Chakravarty • June 13, 2024 -
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Solution to patchwork of state data-privacy laws shows promise
By mostly preempting state laws, the American Privacy Rights Act would give companies a much-needed roadmap for compliance, privacy specialists say.
By Jessica Mach • April 12, 2024 -
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EU lawmakers pass sweeping AI rules with global reach, stiff penalties
Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.
By Alexei Alexis • March 13, 2024 -
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Visa spends ‘billions’ battling cybersecurity threats
The company is using generative artificial intelligence to thwart account-to-account fraud by way of Visa services.
By Lynne Marek • March 11, 2024 -
Matt Kapko/Legal Dive
Cloud intrusions spiked 75% in 2023, CrowdStrike says
Threat actors are targeting organizations’ inconsistent cloud security systems to intrude networks and maintain persistence.
By Matt Kapko • Feb. 27, 2024 -
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CalChamber seeks state Supreme Court review of privacy case
The California Chamber of Commerce is advancing its argument that voters wanted a one-year gap between adoption and enforcement of updated regulations under the state’s landmark consumer privacy law.
By Lyle Moran • Feb. 22, 2024 -
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Old data is the scourge of most breaches
Having a strict data retention policy can reduce the severity of a breach by limiting an organization’s most vulnerable information, breach response specialists say.
By Robert Freedman • Feb. 21, 2024 -
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Companies struggle with decarbonization due to internal governance, data issues
Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie report says.
By Suman Bhattacharyya • Feb. 20, 2024 -
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California privacy agency can enforce updated regulations, court rules
Businesses are urged to review their privacy practices to make sure they are in compliance with all elements of the California Consumer Privacy Act.
By Lyle Moran • Feb. 14, 2024 -
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61% of organizations faced regulatory proceedings in 2023, report finds
Survey respondents said state and federal regulatory changes are contributing to fears about increased exposure to regulatory disputes, according to Norton Rose Fulbright.
By Lyle Moran • Feb. 13, 2024
