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Watch What You Say: SEC Enforcement Scrutinizes Cybersecurity Incident Disclosures

On January 13, 2025, the Securities and Exchange Commission (“SEC”) filed a settled enforcement action against Ashford Inc. (“Ashford” or “the Company”), a company that provides products and services to the real estate and...more

SEC Finalizes Cybersecurity Rules for Public Companies: What's New, What's Not, and What’s Next

On July 26, 2023, the Securities and Exchange Commission (“SEC”) voted to approve final rules governing cybersecurity disclosures of public companies (“Final Rules”). The Final Rules make meaningful changes to the current and...more

The Pipeline to Cyber Resilience: Biden’s Blueprint for Secure Digital Infrastructure

After a rash of significant cybersecurity breaches and ransomware attacks affecting a wide set of industries, ranging from pipelines to technology companies, the Biden administration released its much-anticipated National...more

Here Comes the Fashion (Cybersecurity) Police: New York Attorney General Imposes Penalty for Mishandling of Consumer Data Breach

On October 12, 2022, New York Attorney General Letitia James fined Zoetop Business Company, Ltd. (“Zoetop”), the owner of fast-fashion brands SHEIN and ROMWE, $1.9 million for mishandling a 2018 data breach and lying to the...more

Identity Theft is Not a Joke, Jim! — Third Circuit Finds Standing to Sue for Employee Data Breach

The United States Court of Appeals for the Third Circuit recently held that a plaintiff had standing to sue her former employer for a data breach that exposed her personal information to the “Dark Web” because she...more

Beyond Materiality: Comparing The SEC’s Proposed Data Breach Notification Rules with Evolving State Notification Laws

On March 9, 2022, the Securities and Exchange Commission (“SEC”) announced Proposed Rules on cybersecurity risk management, strategy, governance, and incident disclosure (“Proposed Rules”) to address concerns of increasing...more

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