Privacy Zone

Where technology and intellectual property meet privacy

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Just before the Christmas holidays, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued proposed rulemaking entitled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.”  The proposed regulations seek to “require banks and money service businesses (“MSBs”) to submit reports, keep records, and verify the identity of customers in relation to transactions involving convertible virtual currency (“CVC”) or digital assets with legal tender status (“legal tender digital assets” or “LTDA”)…
Rothwell Figg partner Christopher Ott was interviewed by Frazer Rice on his “Wealth Actually” podcast, discussing cybersecurity for high net worth individuals. The discussion includes how one should view his or her own digital risks, how to protect oneself, and what to do when you have been compromised. You can listed to the interview here: https://frazerrice.com/blog/ep-72-chris-ott/.…
Pursuant to Section 6(b) of the FTC Act and a December 11, 2020, resolution of the Federal Trade Commission (FTC) entitled “Resolution Directing use of Compulsory Process to Collect Information Regarding Social Media and Video Streaming Service Providers’ Privacy Practices,” the FTC has now issued orders requiring Facebook, WhatsApp, Snap, Twitter, YouTube, ByteDance, Twitch, Reddit, and Discord to file information concerning the method and manner in which they collect, use, store, and disclose…
IBM Security (the company’s cybersecurity division) has recently discovered a global phishing campaign targeting organizations associated with the critical coronavirus vaccine distribution chain. The division’s “X-Force,” created at the onset of the pandemic to monitor cyber threats against vaccine developers and distributors, released a report on Thursday with their analysis and recommendations. Starting in September, and spanning across at least 6 countries and multiple organizations, the malicious cyber operation appeared to specifically target the Cold…
While the nation was preoccupied with the presidential race, California voted “YES” on the California Privacy Rights Act (“CPRA”), which amends and expands on the CCPA. Our previous post sets forth the highlights of the balloted Proposition 24, but in a nutshell, the CPRA was designed to close a number of loopholes in the CCPA, strengthen consumer privacy protections, and establish the California Privacy Protection Agency as the primary enforcement authority. Some dates to…
Four Rothwell Figg attorneys, Jenny Colgate, Caitlin Wilmot, Martin Zoltick, and Jennifer Maisel, authored the U.S. section of Mondaq’s Data Privacy Comparative Guide. Mondaq’s Comparative Guides provide an overview of key points of law and practice, and allows users to compare regulatory environments and laws across multiple jurisdictions on a global scale. Users can select a topic, choose regions, and refine subjects to view detailed analysis provided by carefully selected internationally recognized experts. To read…
If you’re a company that has been scratching your head and racking your brain since the Schrems II decision issued on July 16, 2020, invalidating Privacy Shield and calling into question all data transfers between the EU and third countries on surveillance-related grounds, your wish for more guidance has finally come true. This week, the European Data Protection Board (EDPB) adopted recommendations regarding surveillance measures on the European Essential Guidelines (EEG), and recommendations on measures…
Earlier this week, the Federal Trade Commission (FTC) announced a settlement with Zoom that will require the company to enhance its data security practices to address allegations that the videoconferencing provider engaged in a series of deceptive and unfair practices that duped users into a false sense of security. Zoom, which has become a household name this year – with the FTC reporting a surge in users from 10 million in December 2019 to 300…
Rothwell Figg attorney Christopher Ott published a chapter titled “Phantom Responsibility: How Data Security and Privacy Lapses Lead to Personal Liability for Officers and Directors” in the International Comparative Legal Guide to: Cybersecurity 2021, published by Global Legal Group, Ltd. Boards of directors ignore data security and privacy risks to companies at the peril of their companies and – increasingly – their own personal liability. A business has its operations halted by ransomware approximately every…
Although this is no ordinary campaign, recent news shows how politicians have many of the same worries as typical businesses.  On Thursday, October 29, 2020, the Wisconsin Republican Party reported that it had been victimized by a Business Email Compromise (BEC). There are many ways in which a criminal may conduct a BEC scam but one of the most common occurs when hackers compromise a vendor’s email accounts to hijack vendor payments. With this access,…