Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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A week of “firsts” in cryptocurrency prosecution

On September 11, 2018, a number of “firsts” occurred in the prosecution of cryptocurrency-related activities at the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and federal district court that will likely become the norm going forward. The SEC announced its first enforcement action for an investment company registration violation...

Videocast: Disruptive technology in the financial services industry

Data and disruptive technology are issues at the forefront of what is currently driving the legal environment across the globe. In this Bottom Line videocast, Eversheds Sutherland (US) Partner Lewis Wiener and Eversheds Sutherland (International) Partner Matthew Allen discuss various aspects of technology in the legal and financial services world, knowing your data, and knowing your...

Protecting your assets Block and tackle—unclaimed property and cryptocurrency

As promoters of cryptocurrencies and digital-asset exchanges face intense scrutiny from tax, securities and other financial services regulators, they will soon have to contend with unclaimed property (or escheat) laws in the United States. This article explores how these laws could apply to cryptocurrency exchanges, hosted wallets, and other market participants, such as banks,...

About face: court finds biometric information creates unique privacy rights

A recent decision from a California federal court increases the risks to companies that use biometric information and reinforces the need to strictly comply with the requirements of biometric protection statutes. Key Takeaways The suit arises from the Illinois Biometric Information Privacy Act (BIPA), which governs the collection, storage, and use of biometric information, including...

The SEC wants companies to talk about cybersecurity

On February 21, 2018, the Securities and Exchange Commission issued an interpretive release providing important guidance to certain registrants on cybersecurity disclosure. The guidance makes clear its view that material risks or incidents related to cybersecurity fall within a company’s ongoing obligation to disclose material information in current and periodic reports. The guidance...

Securing the Cloud

Eversheds Sutherland Partner Michael Bahar is quoted in the Winter edition of USA Today Homeland Security regarding increasing efforts to keep data safe in the ‘new normal.’ “Particularly this summer, we’ve seen attackers going further – to extortion, data manipulation, disruption and even destruction,” said Michael. “What is increasingly critical is to respond to the rapidly evolving...

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