Posts by Patterson Belknap

Ransomware and Commercial Airline Hijackings: Disturbing Similarities

The sharp uptick in ransomware attacks echoes a similar hijack trend in the commercial airline industry decades ago. Are there lessons to be learned?

OFAC Ransomware Guidance: Prepare, Report, and (Preferably) Don’t Pay the Ransom!

New ransomware guidance from the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC): What it all means.

SEC Seeks to Enforce Safeguards Rule Amid Email Cyberattacks

Multi-factor authentication (MFA) could have protected these financial services firms from email account takeovers, SEC investigation says.

New York City Enacts Biometric Privacy Law

New York City law restricts the collection and/or use of biometric technology by certain businesses, Patterson Belknap Webb & Tyler explains.

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.