Cybersecurity & Data Protection
Cyber incidents and data breaches can trigger serious and lasting reputational, legal and business harm. We help clients manage and respond to fast-moving cyber crisis situations, while advising them on effective, proactive strategies to reduce risk by preparing for a cyber incident before it occurs.
A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate preventative controls and monitoring procedures, as well as post-attack action plans.
Google and YouTube Pay Record $170 Million Fine for Allegedly Violating Children’s Privacy Law in Settlement with the FTC and the New York Attorney General
On September 4, 2019, the Federal Trade Commission (the “FTC”) and the New York Attorney General’s Office (the “NYAG”) reached a record $170 million settlement with Google and YouTube for alleged violations of the Children’s Online Privacy Protection Act (“COPPA”), a federal law that prohibits companies from collecting children’s personal information online without first notifying parents and obtaining their consent.
Jeannie Rhee, a former U.S. Deputy Assistant Attorney General, is joining the firm as a partner in the Litigation Department.
On July 25, 2019, New York Governor Andrew M. Cuomo signed into law a new data security law, the Stop Hacks and Improve Electronic Data Security (“SHIELD”) Act.
On July 8 and 9, 2019, the Information Commissioner’s Office (ICO) – the data protection authority of the United Kingdom – announced its intention to levy substantial fines against two companies for violations of the EU General Data Protection Regulation (GDPR).
Litigation partner Jeannie Rhee was quoted in a July 24 Tech Wire Asia article discussing the increase in regulatory and legal actions against organizations as global data privacy and protection standards have changed.
- Cybersecurity & Data Protection
- Justin Anderson
- H. Christopher Boehning
- Jessica S. Carey
- Roberto J. Gonzalez
- Jeh Charles Johnson
- Jonathan S. Kanter
- Brad S. Karp
- Mark F. Mendelsohn
- Lorin L. Reisner
- Richard C. Tarlowe
- Theodore V. Wells Jr.
- Adam J. Bernstein
- Michael A. Brodlieb
- Economic Sanctions & AML
- Financial Institutions
On May 22, 2019, the New York State Department of Financial Services (“DFS”) announced the creation of a new Cybersecurity Division, which it described as the “first of its kind at a banking or insurance regulator.”
In this video, litigation partner and former Secretary of Homeland Security Jeh Johnson discusses the current state of cybercrime, as well as fundamental steps companies can take to protect against a cyber-attack.
In this video, litigation partner Roberto Gonzalez discusses the implications of the New York Department of Financial Service's landmark cybersecurity rule, as well as cyber rulemaking efforts by the federal banking agencies.