Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN...more
5/1/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
FinCEN ,
National Security ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
Scams ,
Tax Evasion
Beginning January 1, 2024, certain privately held companies, known as “reporting companies,” will be required to file a Beneficial Ownership Information (BOI) Report to identify, and provide personal information about, their...more
11/7/2023
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
National Security ,
Regulatory Requirements ,
Reporting Requirements ,
Shell Corporations
On October 5, 2023, the Brookings Institution hosted an event entitled “A conversation with FTC Chair Lina Khan and DOJ Assistant Attorney General Jonathan Kanter on antitrust enforcement.” The discussion was moderated by the...more
American companies and others outside the European Union (EU) pursuing large M&A transactions and public tenders in the EU’s single market must now comply with a new regulation. Effective July 12, 2023, the Foreign Subsidies...more
CYBERSECURITY -
Patch Adobe ColdFusion Vulnerabilities Being Exploited in the Wild ASAP -
Adobe has issued alerts on three vulnerabilities affecting its ColdFusion product. The first alert, issued on July 11, 2023,...more
7/24/2023
/ Adobe ,
Artificial Intelligence ,
Cyber Attacks ,
Cybersecurity ,
Cybersecurity Framework ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Drones ,
EU ,
Hackers ,
Machine Learning ,
Vulnerability Assessments
Companies pursuing acquisitions that require a filing in the United States under the Hart-Scott-Rodino Act (HSR) may, by year-end, face vastly expanded disclosure requirements necessitating far greater investments in time,...more
On July 10, the European Commission (EC) published its data adequacy decision for the new EU-U.S. Data Privacy Framework (EU-U.S. DPF). This means that companies can transfer personal data from EU countries and from Iceland,...more
CYBERSECURITY FBI, CISA + MS-ISAC Warn of LockBit 3.0 Ransomware The FBI, CISA and the Multi-State Information Sharing and Analysis Center (MSISAC) recently released a joint cybersecurity advisory, warning organizations about...more
3/24/2023
/ Artificial Intelligence ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
FBI ,
Hackers ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
TikTok ,
Vulnerability Assessments
Chinese company ByteDance faces growing concerns from governments and regulators that its user data from its popular short video-sharing app TikTok could be handed over to the Chinese government. The concern is based on...more
3/3/2023
/ Biden Administration ,
China ,
Data Collection ,
Data Privacy ,
Mobile Apps ,
National Security ,
Popular ,
Proposed Legislation ,
Regulatory Agenda ,
Social Media ,
TikTok
CYBERSECURITY -
Joint Advisory Outlines Attacks by Daixin Team -
The Cybersecurity & Infrastructure Security Agency, the FBI and the U.S. Department of Health & Human Services released a Joint Advisory last week warning...more
11/4/2022
/ Biometric Information ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Employee Monitoring ,
EU-US Privacy Shield ,
Popular ,
Ransomware ,
Vulnerability Assessments
President Biden recently signed an executive order establishing the implementation of the new EU-U.S. Data Privacy Framework, which would provide for the possibility of the lawful transfer of personal data from the European...more
11/4/2022
/ Biden Administration ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Protection ,
EU ,
EU-US Privacy Shield ,
Executive Orders ,
International Data Transfers ,
Personal Data ,
Personally Identifiable Information ,
Regulatory Agenda ,
Regulatory Reform ,
Schrems I & Schrems II
CYBERSECURITY -
Second Security Directive Issued by TSA to Pipeline Operators -
The U.S. Transportation Security Administration (TSA) issued its second Security Directive to the pipeline industry on July 20, 2021,...more
7/23/2021
/ Customs and Border Protection ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Drones ,
FBI ,
Hackers ,
Infrastructure ,
Location Data ,
NASA ,
Olympics ,
Pipelines ,
Ransomware ,
TSA
Location data is data that marks the longitude/latitude location of a smartphone or other device at a particular time, or over a period of time. It works like this: each day our device, which has a unique identifier or ID,...more
CYBERSECURITY -
Tulsa, OK Refuses to Pay Ransom to Attackers -
The City of Tulsa, Oklahoma, announced on May 9, 2021, that it had been hit with a ransomware attack, but the Mayor is resolute in not paying the demanded...more
Colonial Pipeline paid hackers a ransom of $4.4 million in bitcoin soon after discovering a cybersecurity hack on its systems that began on May 6. The company’s acknowledgement comes after days of speculation about whether a...more
CYBERSECURITY -
President Biden Signs Executive Order to Strengthen Cybersecurity for Federal Government Following Colonial Pipeline Attack -
President Joe Biden signed an Executive Order on Wednesday, May 12, 2021,...more
5/14/2021
/ Biden Administration ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Sellers ,
FBI ,
Hackers ,
Pipelines ,
Regulatory Agenda ,
Supply Chain
Colonial Pipeline, a company that transports more than 100 million gallons of gasoline and other fuel daily across 14 states from Houston to New York Harbor, shut down the pipeline last Friday after discovering ransomware on...more
5/14/2021
/ Biden Administration ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cybersecurity ,
Hackers ,
National Security ,
Oil & Gas ,
Pipelines ,
Ransomware ,
Supply Chain ,
Threat Management
Cyber-attacks and Cybersecurity Failure Are Top Risks of the Next Decade Says World Economic Forum -
Although somewhat obvious, the World Economic Forum, in partnership with Marsh McLennan, SK Group and Zurich Insurance...more
2/16/2021
/ Critical Infrastructure Sectors ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Cybertheft ,
Data Breach ,
Data Protection ,
Hackers ,
NYDFS ,
Personally Identifiable Information ,
Popular ,
Social Media
A Tampa, Florida area water facility was recently hacked using a popular remote-access software tool. The unidentified hacker also used the software to connect to an on-site computer and then used that computer to access the...more
CYBERSECURITY -
Further Fall-Out from Russian Hacking of SolarWinds -
U.S. intelligence agencies, including the FBI, the Office of the Director of National Intelligence, the National Security Agency and the Cybersecurity...more
1/8/2021
/ Browser History ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Drones ,
Federal Breach Notification Standard ,
General Data Protection Regulation (GDPR) ,
Hackers ,
Personally Identifiable Information ,
Ports ,
Russia ,
Software ,
SolarWinds
The Irish Data Protection Commission (DPC) fined Twitter 450,000 euros (about US$546,000) for failing to timely notify the Irish DPC within the required 72 hours of discovering a Q4 2018 breach involving a bug in its Android...more
1/5/2021
/ Breach Notification Rule ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Protection Authority ,
Enforcement Actions ,
EU ,
Failure to Notify ,
General Data Protection Regulation (GDPR) ,
Ireland ,
Regulatory Violations ,
Twitter
A United States federal district court judge in the Southern District of New York struck down four regulations issued by the United States Department of Labor (DOL) limiting paid leave entitlements under the Families First...more
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. The CARES Act is designed to distribute capital quickly and broadly to help alleviate the economic impact of COVID-19,...more
Having been “inundated with questions from both state regulators and the regulated community about how to handle the current extraordinary situation,” the Environmental Protection Agency (EPA) recently announced a temporary...more
As the novel coronavirus (COVID-19) continues to sweep the nation, the "Families First Coronavirus Response Act" (FFCRA) was approved by Congress and signed into law by the President on March 18, 2020, in an attempt to...more
4/1/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
EFMLA ,
EPSLA ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Financial Stimulus ,
New Legislation ,
Relief Measures ,
Sick Leave ,
Sick Pay ,
Tax Credits ,
Trump Administration