News & Analysis as of October 19, 2024

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

How Bad Is It Out There? Our Thoughts on Verizon’s 2024 Data Breach Investigations Report (DBIR)

Wiley Rein LLP on 7/15/2024

Verizon released its Data Breach Investigations Report (DBIR) for 2024, an annual treat that highlights some trends companies should be aware of as they manage their cybersecurity programs and respond to and anticipate new...more

Government Contractors Beware: New Cybersecurity Rules and False Claims Act Enforcement Actions on the Rise

Akin Gump Strauss Hauer & Feld LLP on 11/3/2023

Two years after the Department of Justice (DOJ) established its Civil-Cyber Fraud Initiative, there has been a recent uptick in enforcement and regulatory activity related to cybersecurity. September opened with the unsealing...more

Privacy & Cybersecurity - June 2023

Skadden, Arps, Slate, Meagher & Flom LLP on 7/6/2023

In our June Privacy & Cybersecurity Update, we review new data privacy laws in Colorado, Connecticut, Florida and Montana; Verizon’s annual Data Breach Investigations Report; AM Best’s report on cyber insurance trends; and...more

Data Privacy + Cybersecurity Insider - May 2021 #3

Robinson & Cole LLP on 5/20/2021

CYBERSECURITY - Verizon 2021 Data Breach Investigations Report Released - If you have been following Verizon’s annual data breach investigation reports like I have over the years, you get excited when the new one comes out....more

Verizon 2021 Data Breach Investigations Report Released

Robinson+Cole Data Privacy + Security Insider on 5/20/2021

If you have been following Verizon’s annual data breach investigation reports like I have over the years, you get excited when the new one comes out. If you have never read the report, now’s your chance, as the 2021 report...more

Due Diligence of Corporate Data Assets In M&A Transactions: Data Protection/Privacy

Williams Mullen on 3/22/2019

As data are quickly becoming significant corporate assets, lawyers need to help companies both maximize the value of their data and protect the business against any associated risks. This is particularly true in M&A...more

Some Thoughts on the Year in Privacy and Data Security Law

Ballard Spahr LLP on 1/4/2019

As we turn the page on 2018, let’s reflect on some of the key privacy and cybersecurity issues that will continue to occupy our hearts and minds in 2019....more

The Likelihood of Company Executives Being Fired Post-Data Breach – It Isn’t Pretty

Burns & Levinson LLP on 10/18/2018

In April 2018, Verizon released the 11th edition of its Data Breach Investigations Report. As usual, the Verizon DBIR contained interesting data points culled from more than 53,000 incidents and 2,216 confirmed data breaches....more

It’s a material world - why the SEC’s Yahoo! penalty really matters

Eversheds Sutherland (US) LLP on 5/7/2018

In the aftermath of the April 24, 2018, Securities and Exchange Commission (SEC) statement announcing its penalty against Altaba Inc., formerly Yahoo! Inc. (Yahoo!), for failing to timely report a massive data breach,...more

Yahoo Fined $35 Million for Failing to Report Data Breach

Fisher Phillips on 5/3/2018

On April 24, 2018, the Securities Exchange Commission (SEC) announced a $35 million fine against the company formerly known as Yahoo! Inc. (now known as Altaba, Inc.) for failing to disclose a massive cyber data breach to its...more

SEC Issues $35 Million Fine For Alleged Failure To Disclose Data Breach

A&O Shearman on 5/1/2018

On April 24, 2018, the United States Securities and Exchange Commission (“SEC”) instituted a settled administrative proceeding against Altaba Inc., f/d/b/a Yahoo! Inc. (“Yahoo!”) for allegedly failing to disclose a...more

Failure to Disclose Leads to $35 Million Penalty in the Yahoo! Cybersecurity Breach

Dorsey & Whitney LLP on 4/27/2018

The Securities and Exchange Commission (the “SEC”) announced Tuesday that Altaba, the entity formerly known as Yahoo! Inc., has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to...more

Data Privacy + Cybersecurity Insider - March 2018 #3

Robinson & Cole LLP on 3/16/2018

Verizon's Protected Health Information Data Breach Report Concludes that Insiders Are Greatest Threat to Health Care Entities - Verizon recently issued its Protected Health Information Data Breach Report, which is always...more

Verizon 2017 Data Breach Investigation Report Released

Robinson+Cole Data Privacy + Security Insider on 5/5/2017

We follow the Verizon Data Breach Investigation Report each year. It just hit the news stand and as always, is full of insights. The report collected data from 65 organizations in 84 countries, including 42,068...more

Three Lessons All Companies Can Learn from the Data Breaches that Cost Yahoo $350 Million

McNees Wallace & Nurick LLC on 3/16/2017

Yahoo Inc. recently disclosed three massive data breaches, which compromised the personal information of 1.5 billion users and cost Yahoo $350 million in its acquisition by Verizon Communications Inc. Additionally, the...more

Yahoo Breaches Cost Shareholders $350 Million From Lowered Purchase Price, CEO Forfeits $14 Million in Compensation

Robinson+Cole Data Privacy + Security Insider on 3/13/2017

Yahoo’s troubles for failing to timely disclose security breaches provides rare insight into quantifying the financial and other costs to a company’s shareholders and leadership when a security breach occurs and is...more

Data Breaches Will Cost Yahoo and Verizon Long After Sale

Mintz - Privacy & Cybersecurity Viewpoints on 2/27/2017

Five Things You (and Your M&A Diligence Team) Should Know - Recently it was announced that Verizon would pay $350 million less than it had been prepared to pay previously for Yahoo as a result of data breaches that...more

SEC May Leverage Investigation of Yahoo! Data Breaches to Clarify Prior Guidance

Mintz - Privacy & Cybersecurity Viewpoints on 1/27/2017

The Securities and Exchange Commission (SEC) is investigating whether Yahoo! should have reported the two massive data breaches it experienced earlier to investors, according to individuals with knowledge. The SEC will...more

What A Breach: More Than 1 Billion Yahoo! User Accounts Compromised

Patterson Belknap Webb & Tyler LLP on 12/16/2016

On Wednesday, Yahoo! disclosed that more than 1 billion of its users’ personal information was exposed in a newly discovered cyber-attack, making it the largest data breach reported to date. The breach apparently took place...more

Yahoo Announces Another Breach of One Billion Accounts

Robinson+Cole Data Privacy + Security Insider on 12/15/2016

Yahoo Inc. announced on December 14th that hackers stole the personal information of more than one billion users, which is in addition to the 500 million accounts compromised that was announced in September....more

Data Breach Trends

Morgan Lewis on 11/17/2016

Verizon’s annual report investigating data breach information finds that phishing—which it defines as malicious correspondence involving a link or attachment to install malware on the victim’s computer or system—is still the...more

Blog: Cybersecurity Diligence in M&A Transactions: Lessons from Verizon/Yahoo!

Cooley LLP on 10/27/2016

Recently, in the midst of an M&A transaction involving Verizon and Yahoo!, news broke of a Yahoo! cybersecurity breach that had occurred approximately two years earlier. This event raised a lot of speculation around what...more

Aftermath of the Yahoo Breach: M&A Risk and Cybersecurity

Patterson Belknap Webb & Tyler LLP on 9/26/2016

In the midst of its acquisition by Verizon Communications Inc., Yahoo Inc. disclosed what looks like one of the largest reported thefts of user information in U.S. history. Yahoo has confirmed that a “state-sponsored”...more

Your daily dose of financial news - The Brief – 9.26.16

Robins Kaplan LLP on 9/26/2016

The Deal Professor weighs in on Yahoo’s announcement last week of the hack of roughly 500 million of its customers’ data and the specter of the MAC (material adverse change) that Verizon may choose to invoke to dance away...more

It’s Back for Spring 2016: The Annual Verizon Data Breach Investigations Report

Butler Snow LLP on 6/1/2016

Last year around this time we examined the results of Verizon’s annual Data Breach Investigations Report (DBIR). As in year’s past, Verizon analyzed the data it received from companies across the country about security...more

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