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Federal Judge Dismisses Class Action Arising from Data Breach

A D.C. federal judge has dismissed a putative class action against CareFirst BlueCross BlueShield that arose from a 2014 data breach. The judge determined that the alleged injuries suffered by the seven named plaintiffs failed to establish standing to sue, finding that “merely having one’s personal information stolen in a data breach is insufficient to establish standing to sue the...

Electric Grid Cyberattacks

Utility companies and grids are becoming increasingly vulnerable to cyber attacks. The Manhattan Institute recently released a report warning that although greater grid-Internet connectivity results in greener, smarter grids, these grids are also more likely to be the targets of hackers. The frequency of cyberattacks has increased by 60% annually within the last twelve years, and...

NAIC Task Force Hosts Insurance Data Security Model Law Meeting

On May 24 and 25, the National Association of Insurance Commissioners (the “NAIC”) Cybersecurity (EX) Task Force (the “Task Force”) hosted a meeting in which state insurance commissioners and interested parties were invited to provide comments to and voice concerns about the current draft of the Insurance Data Security Model Law (the “Model Law”).  This Model Law is designed to...

Major Law Firms Hacked

On March 29, 2016, it was reported that hackers infiltrated the systems of major U.S. law firms last summer, including Cravath, Swaine & Moore and Weil, Gotshal & Manges.  Federal law enforcement is investigating the hacks, which likely sought confidential information of publicly-traded companies for the purpose of insider trading. The extent to which the compromised data has...

Data Sentinel: The Evolving Role of the Attorney as Protector of Company Data

Data. It is one of your organization’s greatest assets, and a necessary part of doing business. But in today’s financial services environment, it is also a source of one of your organization’s greatest risks. In their article for FinTech Law Report, Sutherland attorneys Michael Steinig and Mary Jane Wilson-Bilik describe the attorney’s evolving role in protecting company data, and...

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