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Risk Management Fines

NAVEX

Understanding the NIS2 Directive: What it Means for Cybersecurity in the EU

NAVEX on

You might have yet to hear of the NIS2 Directive, but you should be aware of it if you’re in any sector that relies on digital infrastructure. Whether you’re a business owner, IT professional, or curious about how the EU...more

Baker Botts L.L.P.

Buckle Up: Uber Fined €290M for Failing to Safeguard EU Data Transfers

Baker Botts L.L.P. on

The Dutch Data Protection Authority (Autoriteit Persoonsgegevens, or AP) has issued a €290 million fine to Uber for violating the EU’s General Data Protection Regulation (GDPR)....more

Ankura

An Introduction To The EU’s Artificial Intelligence Act

Ankura on

On December 8, 2023, European Union (EU) lawmakers reached an agreement on the EU’s AI Act.  The EU AI Act has many similar themes to the EU’s General Data Protection Regulation (GDPR) and reflects a big step forward in the...more

Health Care Compliance Association (HCCA)

BA Depicted by OCR as Example of Ransomware Dangers Recovered Quickly, Didn’t Expect Fine

Report on Patient Privacy 23, no. 11 (November, 2023) Tim DiBona clearly remembers Christmas Eve 2018 when the staff of his small firm—Doctors’ Management Service (DMS)—arrived at their West Bridgewater, Mass., office to...more

Guidepost Solutions LLC

The SEC has new Cybersecurity Rules. Are you prepared and ready?

On July 26, 2023, the Securities and Exchange Commission (SEC) implemented new cybersecurity rules to require disclosure of material cybersecurity incidents within four business days, with limited exceptions.  Additionally,...more

Society of Corporate Compliance and Ethics...

Capital One fined for inadequate data controls

Report on Supply Chain Compliance 3, no. 16 (August 20, 2020) - The Office of the Comptroller of the Currency fined Capital One USD 80 million for inadequate data controls leading to a 2019 data breach and for failing to fix...more

Seyfarth Shaw LLP

Unpaid work – Beware the offer of a ‘free lunch’

Seyfarth Shaw LLP on

The line between lawful and unlawful unpaid work is not always clear. Many companies are contacted by people offering to work on a voluntary basis. It is often pitched as a “win-win” because the person is willing to work...more

Orrick, Herrington & Sutcliffe LLP

A Survival Guide for GDPR Enforcement Actions from a German Perspective – How to Assess and Mitigate Fines for GDPR Violations

Since the first enforcement actions have been initiated, some with significant fines, many companies may find themselves somewhat at a loss as they may not fully know how to assess the risks involved and how to react should...more

Orrick, Herrington & Sutcliffe LLP

Russia Significantly Increases Fines for Violations of Data Localization Requirement

Under Russian Data Protection Law, when collecting personal data, data operators (controllers) must ensure that recording, systematization, accumulation, storage, updating and extraction of personal data relating to Russian...more

Mitratech Holdings, Inc

The Scariest Data Privacy Breaches of 2019

Mitratech Holdings, Inc on

With it being Halloween, October being National Cybersecurity Awareness Month, and 2019 drawing to an end, let’s take a look at the data privacy breaches giving compliance professionals a fright this year! ...more

Hogan Lovells

Dutch Data Protection Authority Sets GDPR Fines Structure

Hogan Lovells on

On 14 March 2019, the Dutch data protection authority (Autoriteit Persoonsgegevens, DPA) announced (in Dutch) its fining structure for violations of the European General Data Protection Regulation (GDPR) and the Dutch law...more

Holland & Knight LLP

$500K HIPAA Mistake for Florida Healthcare Company

Holland & Knight LLP on

Another government settlement demonstrates that not having a HIPAA compliance program can be costly. U.S. Department of Health and Human Services (HHS)'s Office for Civil Rights (OCR) announced, on Dec. 4, 2018, that Advanced...more

Orrick - Finance 20/20

FCA Fines J.P. Morgan Over £3.076M Over Systems and Control Failings

Orrick - Finance 20/20 on

On May 23, the new UK conduct regulator, the Financial Conduct Authority (FCA), fined J.P. Morgan for failings in its wealth management business that persisted for two years until 2012. Specifically, the bank failed to retain...more

Orrick, Herrington & Sutcliffe LLP

Antimonopoly Law Considerations and Risk Management in Connection with M&A Transactions - Assessing Competition Risks in...

Introduction: Allocation of antitrust risk is an issue that frequently arises between parties in mergers or acquisitions that raise potential antitrust concerns. • Motivations of the buyer and the seller are the...more

Orrick - Finance 20/20

RBS Fined £87.5 Million over LIBOR Rates

Orrick - Finance 20/20 on

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

Orrick - Finance 20/20

RBS Fined £87.5 Million over LIBOR Rates

Orrick - Finance 20/20 on

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

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