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BakerHostetler

Weekly Blockchain Blog - April 2025

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U.S. Financial Services Firms Announce Digital Asset Initiatives - A major U.S. financial services company and operator of global financial exchanges and clearinghouses recently announced an agreement with the issuer of the...more

Awatif Mohammad Shoqi Advocates & Legal...

Security Initiatives in the UAE: Impact on Crime Reduction

The UAE is committed to ensuring the safety and security of its citizens and residents through a series of strategic initiatives. These efforts encompass various aspects of law enforcement, public engagement, and legal...more

BakerHostetler

CBDC Pilot Announced; Ethereum Upgrade Completed; U.S. Treasury Department Addresses DeFi Risks; Studies Analyze Crypto Taxation,...

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Montenegro Announces CBDC Pilot, BIS Compares CBDCs to Stablecoins - According to a recent press release, “The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions...more

BakerHostetler

U.S. Bank Acquires Blockchain Infrastructure; SEC Approves Blockchain-Based Exchange; FTC Warns on Crypto Scams; NFT Threats,...

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U.S. Bank Seeks to Launch Stablecoin; New Crypto Payments Data Released - A well-known digital payments consortium sold its technology platform this week to a U.S.-based bank known for its cryptocurrency-related offerings....more

Torres Trade Law, PLLC

FinCEN Crypto & Ransomware Guidance: Will 2022 Bring More Changes?

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The Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of the Treasury (“Treasury”) has made clear that businesses engaging in certain activities involving virtual currencies are subject to registration,...more

BakerHostetler

Financial Institutions Pursue Cryptocurrency and Blockchain Offerings, US Treasury Sanctions Russian Crypto OTC Desk, Multiple...

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Traditional Financial Firms Pursue Crypto and Blockchain Market Offerings -Earlier this week, a major Dutch financial institution reportedly became the sixth broker-dealer to join forces with the first blockchain-based...more

Bennett Jones LLP

OSFI Cybersecurity Guidance and Notification Requirements

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OSFI, the Canadian Federal Office of the Superintendent of Financial Institutions, on August 13, 2021, issued new guidance on Technology and Cyber Security Incident Reporting, replacing prior guidance of March 2019....more

Fisher Phillips

Financial Services Employers Face Significant Increase In Cybersecurity Threats

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Employers in the financial services sector are facing an unprecedented number of cybersecurity attacks during the pandemic crisis. To put this in perspective, the Financial Industry Regulatory Authority (FINRA) has issued...more

Patterson Belknap Webb & Tyler LLP

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

As we previously reported, Capital One Financial Corporation announced in July 2019 a major data security breach when an individual gained unauthorized access to personal information about Capital One credit card customers. ...more

Robinson+Cole Data Privacy + Security Insider

Capital One Settles with Bank Regulator for $80M for Data Breach

The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has entered into a Consent Order and fined Capital One $80 million for the data breach the company experienced last year....more

McDermott Will & Schulte

[Webinar] COVID 19 Ransomware in Private Equity - Threats and Mitigation - July 1st, 4:00 pm BST

McDermott Will & Emery, in partnership with Alvarez & Marsal is hosting a tailored webinar, discussing the cyber security threats and mitigations facing private equity firms in response to the COVID-19 pandemic. One of the...more

Brooks Pierce

Lessons Learned: Key takeaways for every business from the Capital One data breach

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When news of a major data breach, like the recent one at Capital One, makes headlines, the first response of many business owners may be to breathe a big sigh of relief that it wasn’t them. However, it’s critical that...more

Ballard Spahr LLP

Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

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Equifax has agreed to pay $575 million to settle consumer as well as state and federal regulatory claims for its 2017 data breach. This is the largest data breach settlement to date. ...more

BakerHostetler

Blockchain Developments: Supply Chain, IDs, Financial Products, UN Warnings, Regulator Actions

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New Blockchain Solutions Seek to Secure Tuna, Ports, Identity and Communications - According to a press release published last Friday, “North America’s largest branded shelf-stable seafood company” announced that it is using...more

Mitratech Holdings, Inc

9 Hot Q1 Headlines in Cybersecurity, Risk Management, and Data Governance

What are the biggest, most interesting stories in the ever-changing worlds of cybersecurity, risk mitigation, and information governance?...more

Robinson+Cole Data Privacy + Security Insider

Experian® Predicts Cyber Threats in 2019

Experian’s Data Breach Resolution group has released its Data Breach Industry Forecast 2019 Report, which provides predictions for data breaches in 2019, and outlines staggering statistics of data breaches that occurred in...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - September 2018

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We reported last week that a spyware maker recently compromised users’ and victims’ sensitive information. Since that time, another spyware maker, mSpy, which holds itself out as having over a million users employing its...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - July 2018 #4

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The Federal Energy Regulatory Commission (FERC) announced on July 19, 2018, that it is directing the North American Electric Reliability Corporation (NERC) “to develop and submit modifications to the NERC Reliability...more

Robinson+Cole Data Privacy + Security Insider

South Carolina Enacts Insurance Data Security Act

South Carolina Governor Henry McMaster signed the South Carolina Insurance Data Security Act into law on May 3, 2018....more

Moore & Van Allen PLLC

Cybersecurity Enforcement and Regulation - 2017 In Review

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Cyber attacks continue to be a pervasive and destructive threat to all institutions and the legal and regulatory landscape currently in place to address those threats continues be reshaped in an effort to address those...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - March 2018 #2

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Cybersecurity Task Force Launched in Arizona - Arizona Governor Doug Ducey launched the Arizona Cybersecurity Team (ACT) by Executive Order on March 1, 2018. The ACT is comprised of 22 members representing officials from...more

Ballard Spahr LLP

Mnuchin to discuss Equifax data breach with FSOC

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Appearing before the House Financial Services Committee Tuesday at a hearing entitled “The Annual Report of the Financial Stability Oversight Council” (FSOC), Treasury Secretary Mnuchin indicated that he intends to discuss...more

Ballard Spahr LLP

CFPB reportedly puts investigation of Equifax on ice while other government agencies press forward

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Equifax announced on September 7, 2017 a massive data breach affecting an estimated 143 million consumers. Richard Cordray, the then Director of the CFPB, shortly thereafter authorized an investigation according to several...more

Skadden, Arps, Slate, Meagher & Flom LLP

Key Considerations to Protect Against Insider Threats in Cybersecurity

Most companies have strengthened their cybersecurity defenses against outside hackers, but many often neglect the equal threat posed by those within their network walls — employees who already have privileged access to...more

Patterson Belknap Webb & Tyler LLP

Equifax Must Turn Over NY Breach Data This Week

New York State regulators won’t be letting Equifax, Inc. off-the-hook any time soon for last year’s massive data breach that affected more than 145 million Americans....more

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