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Many Not Ready for GDPR Requirements Including 72 Hour Breach Notification

The European Union’s General Data Protection Regulation (GDPR) goes into effect May 25th and will apply to any collecting and storing information on EU consumers, with fines for non-compliance as high as €20 million or 4 percent of annual revenue. Despite the hefty potential penalties, just 52 percent of organizations said they will be GDPR

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FTC Chair Nominee and New Federal Reserve Chairman Each Mention Data Breaches as a Critical Concern

As the FTC considers and confirms nominees to fill vacant commission seats, those interviewed speak to the still growing threat of data breaches and say this is a top priority for the government agency. Meanwhile, the House Financial Services Committee asks new Fed Chairman Jerome Powell what approach he will take to secure data, following

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Uber Sat on Data Breach Affecting 57 Million Users for Over 1 Year

Uber, one of the latest companies to suffer a data breach, is suffering backlash not just for the 57 million user accounts compromised following the breach, but the company’s failure to disclose the breach until more than one year after it occurred. The company is now facing scrutiny from Congress and potential legal repercussions. The

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As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws

Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and Exchange Commission (SEC) started an investigation into the Yahoo data breach at the request of a Senator. Later at a Senate Committee meeting the Federal Trade Commission (FTC) cited the Yahoo breach reiterating

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U.S. Proposes National Data Breach Notification and Protection Standards

This week the White House proposed the Personal Data Notification and Protection Act, which seeks to set a national standard for data breach notification requirements replacing the patchwork of separate laws across 47 states. If passed into law, this act would strengthen and more clearly define what is required of organizations that suffer data breaches,

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National response to criminal cyber-attacks?

The National Retail Federation urges banks to improve credit card technology, and approaches Congress for nationwide standard in data breach notification laws. In the aftermath of several large US retailers being targeted by data theft, the National Retail Federation urges Congress to act and enforce a national response to criminal cyber-attacks. Today, the data breach

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TD Bank Suffers Data Breach Compromising 260,000 US Customer’s Data

On October 12 TD Bank reported that two backup tapes containing sensitive information from 260,000 US banking customers were lost back in March. Based on the extended time before announcing the data breach a legal expert in this area predicts class action lawsuits and state fines will occur as a result. Read More

 
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New and Pending Legislation and Regulations Affecting eCommerce

Both the United States and European Union have been actively pursuing new regulations and legislation related to consumer privacy issues, data breach and data security, as well as investigations into competitive pricing and antitrust concerns. Consumer privacy regulations have also expanded in Latin America and Asia-Pacific over recent years. The Fraud Practice provides a summary of

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