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A National Breach Law Is Inevitable
On July 21, the Financial Data Protection Act (H.R. 3997) was reported out of the House Financial Services Committee. If passed, this act would impose a business-friendly, national standard for the protection of private consumer data, and notification of consumers in the event of a data-security breach. Although the House leadership sought a quick floor vote on the bill, fierce opposition from consumer groups forced the vote to be rescheduled until after the summer recess. Despite this delay, a number of factors seem to be converging that will make a national data-breach law inevitable.
Data Is Money
It's hardly newsworthy these days to report that consumer personal information is being collected, aggregated, packaged and sold by data brokers every minute. Here are a few perhaps startling, or at least interesting, details on that matter:
- A consumer's address is worth 50 cents;
- Unpublished phone number, $17.50;
- Social Security Number, $8; and
- Military record, $35.
Although data brokerage is a multi-billion industry, it seems invisible to the general public because it operates business-to-business. Yet, in today's increasingly networked economy, this industry is beginning to have an impact on personal lives in less-than-beneficial ways.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.