On September 21, 2021 the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issue an updated memo on the potential sanctions risk associated with facilitating ransomware payments and to once again note “proactive steps” companies can take
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First There Was Litigation; And Then There Was Standing
This post has been cross-posted from Seyfarth’s Consumer Class Defense Blog.
Now more than ever, it is important for organizations to review and update their basic information security protocols (their incident response, business continuity and crisis communications plans), and
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China’s New Data Security Law
Introduction
On June 10, 2021, China officially passed China’s first Data Security Law, which will take effect on September 1, 2021. Following the introduction of the Data Security Law, together with the Cybersecurity Law, which has been implemented since June
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Out With the Old, In With the New: New GDPR Standard Contractual Clauses
This post was originally posted on The Global Privacy Watch blog.
In a long awaited decision, the European Commission (“Commission’) adopted two new sets of standard contractual clauses (“SCCs”) to reflect the EU’s General Data Protection Regulation (“EU GDPR”) and
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What President Biden’s New Executive Order Means for the Cybersecurity of the United States
Seyfarth Synopsis: On May 12, 2021, President Joe Biden issued a very broad, 34 page “Executive Order on Improving the Nation’s Cybersecurity.” The Executive Order, or “EO”, can be found here. This order comes six months after the notorious SolarWinds attack,
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Litigation Outlook Blog Series: Cybersecurity
As the global pandemic begins to show signs of waning, cyber risk is showing no such easing. In fact, in a recent survey, over 68% of business leaders reported believing that their cybersecurity risks are increasing, despite their own mitigation
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Organizations Using Microsoft Exchange Mail Server Face Severe Cybersecurity Threat
This month, the cybersecurity research firm Volexity found a series of four critical security vulnerabilities in Microsoft’s Exchange Server software. Since then, vulnerability has been independently verified and confirmed by Microsoft. It is believed to have been used by foreign-state
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Ransomware with Data Exfiltration and Threatened Leak Extortion
Seyfarth Synopsis: The attorney-client privilege is a bedrock legal principle that protects a client from providing a court or adversary with confidential communications exchanged in the course of providing or receiving legal advice with an attorney. Cybersecurity data breach, often
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COVID-19 Unemployment Benefits Scams Continue Well Into the Pandemic
A nationwide fraudulent unemployment benefits cyber scam has been making headlines for many months now and still continues to threaten employers and countless individuals throughout the United States. Threat actors continue to exploit overwhelmed governmental agencies and are filing claims
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Seyfarth Shaw LLP and BDO Digital LLC Present: Executive Overview: Improving Cybersecurity Cost-Effectively
Business executives face the challenge of improving their company’s cybersecurity posture while balancing costs. The consequences of a cyberattack – including lost revenue, customers, diminished reputation and credibility, or even total shut down – force executives to prioritize cybersecurity within
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