Hunton Andrews Kurth reports: On September 7, 2018, the New Jersey Attorney General announced a settlement with data management software developer Lightyear Dealer Technologies, LLC, doing business as DealerBuilt, resolving an investigation by the state Division of Consumer Affairs into a data breach that exposed the personal information of car dealership customers in New Jersey…
Category: Commentaries and Analyses
In a Data-Breach Lawsuit, Can Plaintiffs Use a Company’s Data Breach Notice to Establish Standing?
Alex M. Pearce of Ellis & Winters LLP writes: ….. When a business suffers a data breach, state laws require the business to send a notice to affected individuals. Those laws typically prescribe the contents of the required notice—sometimes in detail. North Carolina’s data breach notification statute, for instance, requires the notice to include “[a]dvice…
After one-third of North Dakota schools get hacked by foreign entities, state superintendent addresses attack with cyber security standards
Austin Howard reports: The North Dakota Information Technology Department said there were malware attacks on one-third of North Dakota schools in February 2018. The hackers behind the attacks were from different international locations including North Korea and the malware was downloaded from multiple access points. According to ITD’s Director of Security Sean Wiese, hackers used…
FDA aims to strengthen cybersecurity of medical devices
Danielle Brown reports: The Food and Drug Administration (FDA) is working to strengthen the cybersecurity of medical devices in the wake of computer-hacking threats, according to a report by the Star Tribune. According to the report, FDA staff members are examining companies’ “preparations for potential computer-hacking threats to devices that millions of Americans depend on.”…
One-Third of Data Breaches Led to People Losing Jobs: Kaspersky
Eduard Kovacs reports: ….. The study found that, globally, 31% of incidents led to employees being laid off. China was the country with the highest percentage of senior IT security staff being laid off as a result of a data breach. People holding a senior IT role lost their job in roughly one-third of…
Data breaches affect stock performance in the long run, study finds
Catalin Cimpanu reports: A multi-year study on the stock price evolution for breached companies reveals that data breaches have a long-term impact on a company’s stock price, even if it’s somewhat minimal. The study, carried out by the research team behind the CompariTech web portal, looked only at companies listed on the New York Stock…