Tag Archives: Penalty

SEC Announces Settlement Order and Publishes Investor Alert

On September 22, 2015, the Securities and Exchange Commission announced a settlement order with an investment adviser for failing to establish cybersecurity policies and procedures, and published an investor alert entitled Identity Theft, Data Breaches, and Your Investment Accounts.… Continue Reading

Data Security Act Introduced in New York State Assembly

On April 8, 2015, a New York Assemblyman introduced the Data Security Act in the New York State Assembly that would require New York businesses to implement and maintain information security safeguards. The Data Security Act also expands the scope of New York’s breach notification law.… Continue Reading

Safeway Reaches Settlement with California District Attorneys Over Allegations of Unlawful Disposal of Medical Records

On January 5, 2015, the Alameda County District Attorney's Office announced that Safeway Inc. has agreed to pay USD 9.87 million to settle claims that the company unlawfully disposed of customer medical information and hazardous waste in violation of California's Confidentiality of Medical Information Act and hazardous waste laws. … Continue Reading

FinCEN Assesses Penalty Against Former MoneyGram Compliance Officer

On December 18, 2014, the Financial Crimes Enforcement Network issued a 1 million USD civil penalty against the former Chief Compliance Officer of MoneyGram International, Inc. based on allegations that the company inadequately responded to consumer fraud complaints and failed to meet its legal obligations under the Bank Secrecy Act.… Continue Reading

FCC Announces Intended $10 Million Fine in First Data Security Case

On October 24, 2014, the Federal Communications Commission announced that it intends to impose a $10 million fine on TerraCom, Inc. and YourTel American, Inc. for violating privacy laws relating to their customers' personal information. This announcement marks the first data security case and largest privacy action brought by the FCC to date.… Continue Reading

FTC Announces Settlement with AT&T in Mobile Cramming Case

On October 8, 2014, the Federal Trade Commission announced an 80 million USD settlement with AT&T Mobility, LLC stemming from allegations that the company charged its customers without their consent for services provided by third-parties, a practice known as mobile cramming.… Continue Reading
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