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Cyber(in)security: The Perils of Preserving Customer Data

“Be Prepared” is one of the world’s most enduring mottos. It has been used, with international and organizational variations, by millions of Boy Scouts—and later Girl Guides and Girl Scouts—for over a century . But like another famous motivational maxim—Nike’s...

Ballard Spahr LLP: Windows XP Phaseout Raises Data Security Concerns For Financial Institutions

By Mercedes Kelley Tunstall, John D. Socknat and Lauren McDermott Microsoft has announced that beginning April 8, 2014, its Windows XP operating system will no longer be updated with security patches. This announcement has critical data security implications for financial institutions whose electronic...

Data Breaches Still on the Rise in the U.S.

by Korey Clark A massive breach of credit card account information five years ago was considered a wake-up call for retail businesses and financial services companies around the globe. But while that call appears to have been heeded in much of the world, data breach headlines continue to come at an...

Ballard Spahr LLP: Massive Hacking Operation Further Reveals Weakness Of Passwords

By the Privacy and Data Security Group A small private cybersecurity firm recently revealed that a Russian computer hacking organization amassed more than 1.2 billion username and password combinations. The data was collected across a wide swath of websites, from both large companies and small independent...

Peter S. Vogel: Cybercrime is Growth Industry Estimated to be as Much as $575 Billion

By Peter S. Vogel A recent report estimates that the ”cost of cybercrime includes the effect of hundreds of millions of people having their personal information stolen—incidents in the last year include more than 40 million people in the US, 54 million in Turkey, 20 million in Korea, 16...

Peter S. Vogel: Cybercrime is Getting Worse – 5 Reasons

By Peter S. Vogel On the heels of the recent report that cybercrime is a $575 billion growth industry , Infoworld pointed out “that amount of crime has persisted for a long time, well before the Internet.” The article included these 5 reasons why cybercrime is worse than ever : 1. Internet...

Norton Rose Fulbright: Congress on Cybersecurity: Recent Bill Limits Liability

By Gerard G. Pecht , Peter A. Stokes , Mark Thomas Oakes , Utsav Mathur and Geraldine W. Young In the days leading up to its August 2014 recess, the U.S. House of Representatives passed a number of bills aimed at strengthening cybersecurity. Those measures include H.R. 3696—known as the National...

47 State AGs Ask Congress to Preserve Their Authority to Investigate Data Breaches

by Siran S. Faulders , Steve D. Rosenthal and C. Reade Jacob, Jr. On July 7, 47 state attorneys general signed onto a multistate letter to the U.S. Congress emphasizing the importance of maintaining states’ authority to enforce data breach and data security laws, and their ability to enact laws...

Needed Now: Experienced and Talented Cybersecurity Professionals to Protect Government Data Systems

The announcement on June 4th of a massive cybersecurity attack that compromised data stored on Office of Personnel Management (OPM) systems for 4.2 million current and former federal employees is the most recent head-smacking report of how porous the government’s cyber defense systems apparently...

Student Data Protection in an Era of Education Technology Innovation

Reaching a Congressional Consensus Will Likely Require Additional Deliberation As summarized in this Alert , the congressional proposals introduced thus far take very different approaches to addressing how to protect the privacy of student data. During the current 114th U.S. Congress, a variety...

States and Congress Differ on Security-Breach Regulation

by Korey Clark Nearly every state in the country has passed a law requiring private or government entities to notify individuals about security breaches involving their personal information. And states have been toughening those laws in recent years. But cybersecurity legislation pending in Congress...

The Status of EMV

by Jacqueline M. Allen The October 1, 2015, deadline for merchants to become EMV compliant or potentially face increased liability has come and gone. Yet, a significant number of both card issuers and merchants have not yet made the switch. EMV is the acronym for the Europay, MasterCard, and Visa...