On March 15, 2023, the Securities and Exchange Commission proposed three rules related to cybersecurity and the protection of consumers’ information.
Continue Reading SEC Advances Three New Cybersecurity Rule Proposals
Securities and Exchange Commission
SEC Brings Cyber Disclosure Enforcement Action
Posted on
On March 9, 2023, the U.S. Securities and Exchange Commission announced settled administrative charges against Blackbaud Inc.
Continue Reading SEC Brings Cyber Disclosure Enforcement Action
2022 Retail Industry Year in Review
Posted on
Posted in Cybersecurity
On January 25, 2023, Hunton Andrews Kurth’s retail industry team released its annual Retail Industry in Review publication, which provides an overview of key issues and trends that impacted the retail sector in the past year, as well as a preview of relevant legal issues retailers can expect to arise in 2023.
Continue Reading 2022 Retail Industry Year in Review
SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data
Posted on
Posted in Financial Privacy, Information Security
On September 20, 2022, the U.S. Securities and Exchange Commission announced that Morgan Stanley Smith Barney agreed to pay a $35 million fine for the firm’s alleged failure to adequately protect the personal information of approximately 15 million customers.
Continue Reading SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data
The SEC Charged Several Individuals and Entities in a Fraudulent Hacking Scheme
Posted on
On August 16, 2022, the Securities and Exchange Commission charged 18 individuals and entities in relation to their involvement in a fraudulent hacking scheme. …
Continue Reading The SEC Charged Several Individuals and Entities in a Fraudulent Hacking Scheme
T-Mobile to Pay $500 Million to Settle Claims Related to 2021 Breach
Posted on
On July 22, 2022, T-Mobile entered into an agreement to settle a class action lawsuit stemming from its 2021 data breach. …
Continue Reading T-Mobile to Pay $500 Million to Settle Claims Related to 2021 Breach
President Biden Issues Executive Order on Digital Assets
Posted on
Posted in Financial Privacy
On March 9, 2022, the Biden Administration released its much-anticipated “Executive Order on Ensuring Responsible Development of Digital Assets”. …
Continue Reading President Biden Issues Executive Order on Digital Assets
SEC Proposes Cybersecurity Rules for Public Companies
Posted on
On March 9, 2022, the Securities and Exchange Commission held an open meeting and proposed new cybersecurity disclosure rules for public companies by a 3-1 vote. …
Continue Reading SEC Proposes Cybersecurity Rules for Public Companies
SEC Proposes New Cybersecurity Rules for Investment Managers
Posted on
Posted in Cybersecurity, Financial Privacy
On February 9, 2022, the SEC proposed new cybersecurity compliance and disclosure rules for the investment management industry in a three to one vote.
Continue Reading SEC Proposes New Cybersecurity Rules for Investment Managers
DOJ Announces New Cyber-Fraud Initiative and Intent to Utilize False Claims Act to Spur Compliance
Posted on
Posted in Cybersecurity, U.S. Federal Law
On October 6, 2021, Deputy Attorney General Lisa Monaco announced the launch of the new Civil Cyber-Fraud Initiative that will use the False Claims Act to pursue cybersecurity related fraud by government contractors and grant recipients. …
Continue Reading DOJ Announces New Cyber-Fraud Initiative and Intent to Utilize False Claims Act to Spur Compliance