Data Privacy
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Supreme Court upholds US law forcing TikTok ban or sale
The unanimous ruling means a U.S. ban of the social media site will take effect, but could also press TikTok’s Chinese owner into serious sale talks.
By Justin Bachman • Jan. 17, 2025 -
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Cyberattacks, tech disruption ranked as top threats to business growth
Forty percent of executives view data breaches and leaks as the most financially burdensome man-made threats, a Chubb study found.
By Alexei Alexis • Jan. 8, 2025 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC settles ransomware case against ICBC unit
The agency opted not to impose a fine on the U.S. unit of China's largest bank, which had difficulty updating system books and records after a 2023 cyberattack.
By Rajashree Chakravarty • Dec. 3, 2024 -
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CFPB proposes rule to rein in data brokers’ sale of consumer information
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
By Lynne Marek • Dec. 3, 2024 -
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Privacy and corporate disclosure laws are on collision course, paper says
States have created a patchwork of consumer privacy laws that will likely conflict with corporate disclosure mandates, according to a law professor.
By Justin Bachman • Nov. 21, 2024 -
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SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure
The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.
By David Jones • Oct. 22, 2024 -
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Where organizations invest after a data breach
Asking customers to foot the bill for data breach remediation will not prevent future data breaches or address the issues that cause costs to increase.
By Sue Poremba • Oct. 22, 2024 -
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Majority of global CISOs want to split roles as regulatory burdens grow
Trellix research shows rising cybersecurity demands from the SEC and other government bodies are pushing CISOs even closer to the edge.
By David Jones • Oct. 15, 2024 -
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Cybersecurity risk called a human issue, not a technical problem
Ransomware and phishing attacks are evolving and an effective cybersecurity approach requires employees to be educated about risks, a panel of experts says.
By Justin Bachman • Oct. 2, 2024 -
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FCC reaches $31.5M settlement with T-Mobile over rash of data breaches
The company agreed to a major change in board-level governance and will make a series of upgrades to boost its cyber resilience.
By David Jones • Oct. 1, 2024 -
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AT&T settles a 2023 data breach for $13M. Recent incidents are much worse.
Telecom cybersecurity remains a challenge with widespread impacts. AT&T is not alone in experiencing a pattern of extensive breaches exposing customer data.
By Matt Kapko • Sept. 18, 2024 -
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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
