The Consumer Financial Protection Bureau (CFPB) has fired a shot across the bow of the burgeoning online-payment industry, taking an enforcement action this week that marked the agency's first foray into regulating cybersecurity.
To say 'social media is everywhere' these days may be slightly archaic. Of course it's everywhere. Chances are, you're reading this article with at least one social media application running or open in a browser right now. But why, then, aren't these social media platforms as secure as they could be? A new 'Best Practices for Social Media Archiving and Security' survey from Osterman Research found that although enterprise and consumer-focused social platforms abound in modern organizations, social media remains a threat for many companies.
For several years law firms have been a key target for hackers seeking to obtain confidential information about initial public offerings, intellectual property and M&A deals, claim cybersecurity consultants, but rarely does word about specific attacks become public.On March 29, Crain's Chicago Business reported that 48 top firms, most of which appear in the Am Law 100 rankings, were targeted recently by a Russian hacker living in Ukraine seeking to trade on M&A information stolen from law firms.
Lawyers are increasingly expected to understand the implications of cybersecurity when providing advice relating to a long list of matters that include privacy compliance, contract compliance, data breach response, data breach litigation, M&A due diligence, and insurance coverage. As a result, it is important that lawyers understand the latest trends in cyber intrusions that may expose their stakeholders to unwarranted risk and allow adversaries to exploit technical and human vulnerabilities.
On Jan. 28, the Commerce Department issued a much-anticipated policy statement entitled "White Paper on Remixes, First Sale and Statutory Damages: Copyright Policy, Creativity, and Innovation in the Digital Economy." This article briefly describes the white paper's scope and recommendations, with a focus on the issue of statutory damages, as to which the white paper proposes several amendments to the current Copyright Act.
The function of legal departments has shifted from primarily managing legal matters and costs to acting as revenue generators that provide information and analytics valuable to the entire company. This article offers a primer about enterprise legal management (ELM).
The year 2005 really marked the beginning of the "era of data breaches," and with it, the "era of data breach lawsuits." In its place, what is now commonplace in the wake of major data breaches ' class action "privacy" litigation on behalf of data subjects, seeking millions of dollars in damages, under a dizzying array of legal theories.
2016 is in full swing and we will soon be conducting the 2016 Mattern & Associates Cost Recovery Survey. We've been conducting this bi-annual survey since 2004 and, during that time, it has become an industry resource for tracking the cost recovery practices of law firms across size and geography.
My law firm is always looking for ways to simplify day-to-day processes. This includes having the most up-to-date software systems, streamlined and manageable billing systems, and the most cost effective ways to resource qualified temporary and permanent staffing.
The Federal Deposit Insurance Corporation is the latest entity to release a framework for cybersecurity.
