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June 28, 2016 2:41 PM | Permalink |
As reported in the April Locke Lord Privacy & Cybersecurity Newsletter, the European Parliament gave the final approval to the General Data Protection Regulation (GDPR) on April 14, 2016. read more
Cyber theft continues to grow, with wire transfer schemes being popular and lucrative. According to a recent FBI alert, more than $2.3 billion was stolen worldwide between October 2013 and February 2016. read more
The federal Seventh Circuit Court of Appeals has reiterated its approach to standing in data breach cases: allegations of “increased risk of fraudulent charges and identity theft” are sufficient to meet the requirements for Article III standing for data breach victims in federal court. read more
As reported here, recent amendments to the annual privacy notice requirement under the Gramm-Leach-Bliley Act (the “GLBA”) contained in the Fixing America’s Surface Transportation (“FAST”) Act eliminated the requirement for financial institutions to provide annual privacy notices under GLBA under certain circumstances. read more
The Fourth Circuit Court of Appeals has affirmed a Virginia federal district court’s summary judgment ruling for the insured under a CGL policy, finding that the insurer had a duty to defend a third-party lawsuit alleging failure to properly secure electronic storage of medical records. read more
March 29, 2016 1:55 PM | Permalink |
Theodore Augustinos
Early this month, the NAIC Cybersecurity (EX) Task Force released a preliminary working and discussion draft of an Insurance Data Security Model Law. While praise worthy in its effort to provide uniformity for data security and breach notification requirements among the states, at least with respect to the insurance industry, the draft clearly needs further development, input and revision, or it may do more harm than good. read more
February 17, 2016 7:43 AM | Permalink |
Philippa Townley, Alan Meneghetti
VTech, a British toymaker with 6.3 million children’s accounts, was hacked giving its hackers access to photos and chat logs of children. It has recently emerged that the toymaker has since changed its terms and conditions stating that parents must assume responsibility for future breaches, sparking outrage amongst parents. read more