In January 2008, Davidson Companies, a Great Falls-based investment company, revealed that a hacker had broken into a database in 2007 and obtained the names and Social Security numbers of some 226,000 Davidson clients. A lawsuit filed against the company in April was re-filed in May of 2008. Now the lawsuit has settled and there…
Category: Of Note
Massachusetts Data Security Regulations Final Amendments Released
Tanya Forsheit reports: As we noted earlier this week, Massachusetts indicated late last week it would issue its last round of amendments to its data security regulations scheduled to take effect March 1, 2010, 201 CMR 17.00. The last round of amendments are not particularly significant, although it is worth noting that, contrary to the…
Indian outsourcing boss arrested for selling medical records
From the Mail Foreign Service: The head of an Indian outsourcing company has been arrested for selling confidential medical records of patients treated at one of Britain’s top private hospitals. Police arrested Vikas Dhairyashil Bansode on Tuesday after an undercover investigation revealed the records were being sold for as little as £4 each. Hundreds of…
Resource: Comparing breach notification laws
“International Security Breach Notification Survey” is a new resource prepared by Foley & Larnder LLP and Eversheds LLP, November 2009. The report summarizes and compares the laws in various countries in tabular format, with comparisons based on: Notice Requirements (to who – (i)individual and (ii)regulator?), Timing of Disclosure (does it have to be done in…
Four indicted for RBS WorldPay hack
Sergei Tsurikov, 25, of Tallinn, Estonia; Viktor Pleshchuk, 28, of St. Petersburg, Russia; Oleg Covelin, 28, of Chisinau, Moldova; and a person known only as “Hacker 3;” have been indicted by a federal grand jury in Atlanta, Ga., on charges of hacking into a computer network operated by the Atlanta-based credit card processing company RBS…
Heartland revises results for third quarter due to breach costs
Breach costs force a revision in estimates. From their press release: …. subsequent to the release of its earnings for the third quarter on November 3, 2009, Heartland engaged in settlement discussions that resulted in an increase in settlement offers made to certain claimants in an attempt to resolve certain of the claims asserted against…