Craig A. Newman writes: Last month, the U.S. Securities and Exchange Commission charged nine defendants with hacking into the agency’s EDGAR system – the online platform used by public companies for making their public filings – and stealing material nonpublic information to use for illegal trading purposes. While the charges are new, the insider trading…
Category: Commentaries and Analyses
Fla. Courts Require Actual Injury to Demonstrate Standing in Data Breach Cases
Nicole Rekant and Stevan Pardo write: The proliferation of data breach cases in Florida courts has focused on Article III standing. To meet the pleading standard under Article III, a plaintiff must allege sufficient facts to show the injury-in-fact is concrete, particularized, actual, and imminent, not conjectural or hypothetical. An allegation of imminent injury may suffice…
Standing in Data Breach Litigation: Will the U.S. Supreme Court Weigh In?
Joseph J. Lazzarotti and Maya Atrakchi of Jackson Lewis write: … The U.S. Supreme Court may finally weigh in on the status of standing in data breach litigation this term, in Frank v. Gaos. The Court recently requested supplemental briefs addressing whether any of the name plaintiffs has standing such that federal courts have Article III…
Japenese Payment Card Fraud Contrasts with Regional Patterns – Gemini Advisory
Stas Alforov writes: Based on the proprietary Gemini Advisory telemetry data collected from various dark web sources over several years, we have determined that in 2018, nearly 1.4 million cards were compromised in the East Asia region, nearly a 100% increase from 2017. Despite the overarching trend of increased fraud in East Asia, Japanese compromised…
Two incidents involving Texas tax preparers may have put customers at risk of ID theft
Remember when it seemed like every day we were reading about ID theft and tax refund fraud schemes involving rogue employees of tax preparation firms? Yeah, well it’s still a thing. Here’s a story about a former rogue employee at Jackson Hewitt in McKinney, Texas. If you or someone you know may have used that…
Is your airline’s e-ticketing system putting your data at risk?
Liarna LaPorta of Wandera reports: Wandera’s threat research team has discovered a vulnerability affecting a number of airline e-ticketing systems that can expose passengers’ personally identifiable information (PII). This vulnerability can expose passenger data by using links that are easily intercepted by hackers. The intercepted and unencrypted links enable unauthorized third parties to view, and…