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Posts by Patterson Belknap

Capital One to Pay $80 Million Fine for 2019 Data Security Hack

Capital One agrees to pay $80 million fine to resolve claims related to data breach that affected 100 million accounts in the U.S. — one of the largest financial data breaches ever. 

DFS’s Cybersecurity Regulation: What Your Company Should Have Done

Organizations covered by New York’s Cybersecurity Regulation for Financial Service Companies must take stock of their compliance efforts before pushing deeper into 2019.

Cyber Lessons From The SEC?

Memo to public companies: Pay attention to a recent U.S. Securities and Exchanges Commission crackdown on the use of automated technology to detect investment advisor fraud.

New California Data Privacy Law: What Your Business Needs to Know

The California Consumer Privacy Act of 2018 could have significant effects on businesses outside of the state. Here’s why.

SEC Fines Mizuho for Failing to Protect Customer Data

It is not enough for companies to establish policies & procedures designed to prevent the misuse of material nonpublic information. Companies must also enforce those policies & procedures. That’s the lesson from the SEC’s recent settlement with Mizuho Securities USA.

Bug Bounty Programs: What You Need to Know

More and more companies are paying up – and paying more – to so-called “ethical” hackers who report data security bugs or vulnerabilities for a bounty.

Another New York DFS Cybersecurity Deadline Looms

The New York DFS data security regulation for financial services firms has a September 2018 deadline for audit trails, application security, data retention limitations, access monitoring, and encryption of non-pubic information.

Litigating Blockchain: Not So Simple

If blockchain is mainstreamed, courts will inevitably be faced with disputes arising out of the differences between blockchain and current methods of managing transactional data. Patterson Belknap explains.

Does Yahoo’s SEC Cyber Disclosure Settlement Set Enforcement Bar?

The SEC’s recent $35 million settlement over the Yahoo! data breach provides an object lesson in the consequences of failing to publicly disclose a major cyberattack.

M&A and Cyber Diligence: New York’s DFS Issues a Reminder

Financial services & insurance companies with New York ties must look beyond their own data cybersecurity practices when considering M&A, Patterson Belknap explains.