CFPB Takes Step Into Cybersecurity Regulation
The Consumer Financial Protection Bureau (CFPB) has fired a shot across the bow of the burgeoning online-payment industry, taking an enforcement action this week that marked the agency's first foray into regulating cybersecurity.
Intellectual Property
Intellectual Property (IP) is a highly complex type of property and, as we saw last month in Part One of this article, there are few cases addressing its valuation in the context of divorce. On top of this, because of the emphasis on mediation and arbitration, fewer cases are being litigated in the court system, resulting in fewer court decisions addressing these complex issues. That means there is less guidance for the practitioner, as different treatments of similar facts and great ways of addressing IP valuation remain unreported.
<b><i>Online Extra:</b></i> Malware Increasingly Making Its Way into Organizations Through Social Media
To say 'social media is everywhere' these days may be slightly archaic. Of course it's everywhere. Chances are, you're reading this article with at least one social media application running or open in a browser right now. But why, then, aren't these social media platforms as secure as they could be? A new 'Best Practices for Social Media Archiving and Security' survey from Osterman Research found that although enterprise and consumer-focused social platforms abound in modern organizations, social media remains a threat for many companies.
<b><i>Online Extra:</b></i> Home Depot to Pay $13 Million to Settle Consumers' Data Breach Case
The Home Depot will pay $13 million to resolve claims by customers whose personal information was exposed to hackers during a massive data security breach in 2014. The settlement agreement, filed in March in U.S. District Court in Atlanta, would certify a class of Home Depot customers to include all U.S. residents whose personal information was compromised after they used payment cards at self-checkout lanes at U.S. Home Depot stores between April 10, 2014, and Sept.'
<b><i>Online Extra:</b></i> Dozens of Big Firms Targeted by Hacker Seeking M&A Info
For several years law firms have been a key target for hackers seeking to obtain confidential information about initial public offerings, intellectual property and M&A deals, claim cybersecurity consultants, but rarely does word about specific attacks become public.On March 29, Crain's Chicago Business reported that 48 top firms, most of which appear in the Am Law 100 rankings, were targeted recently by a Russian hacker living in Ukraine seeking to trade on M&A information stolen from law firms.
