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Data Protection and Risks in Cross-Border Joint Ventures
In July, U.S. prosecutors said they had uncovered the largest credit card fraud operation in U.S. history and arrested six men in Russia and Ukraine. See, “4 Russians, 1 Ukrainian Charged in Massive Hacking,” Yahoo News. More than 160 million credit and debit card numbers were stolen, costing the victim companies more than $300 million. The fraud targeted Citigroup, JC Penney, JetBlue Airways, Nasdaq and PNC Financial Services. It's no wonder that senior in-house lawyers in the recently released Winston & Strawn “International Business Risk Survey” say that their top concern in following data privacy laws is customer data ' including data security and risk.'Tied for second-greatest concern are cross-border data transfer and legal compliance with data security and breach notification laws.
“Interestingly, it is the potential for loss of brand equity that responding corporate counsel identify as their most significant concern,” says Lisa Thomas, a data privacy and protection partner with Winston & Strawn in Chicago. In this sense, they are well-aligned with their business-side colleagues in focusing on reputational risk. “Given this 'external' focus, they should continually re-evaluate the effectiveness of their data-protection policies, procedures, and training, including domestic and cross-border compliance,” Thomas says.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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.
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.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.