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Survey: Distrust of Vendors Raises Questions on Data Security, Regulatory Compliance
Obviously, data breaches aren't trust builders, but many companies are skeptical even of those parties with whom they share confidential data, including their own vendors.
A recent survey of nearly 600 individuals across industries by the Ponemon Institute found that more than a third of U.S. businesses (37%) believe that their primary third-party vendors wouldn't notify them in the event of a breach involving “sensitive and confidential information.” Further aiding this sense of distrust are company views of “fourth-'nth'-party” vendors ' subcontractors or indirect service providers hired by a third-party vendor ' which 73% of respondents believed would “fail to notify” in the event of a breach. Here, an “nth” is used to refer to an unknown number in a series of numbers.
Titled “Data Risk in the Third Party Ecosystem,” the survey was commissioned by law firm Buck- leySandler and Treliant Risk Advisors to provide insight on the challenges facing companies trying to protect client information when sharing data with third parties. All companies surveyed have a vendor data risk management program and were asked to solely consider their outsourcing relationships where they share “sensitive or confidential information or involve processes” that require vendor access to that information. Unveiled in the study were company difficulties with “mitigating, detecting and minimizing” risks posed by third parties handling their data.
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.