Cybersecurity articles

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Wake Up Call: Law Firm Sexual Harassment Case was Silenced by NDA

Wake Up Call: Law Firm Sexual Harassment Case was Silenced by NDA

• Non-disclosure agreements can prevent sexual harassment cases from seeing the light of day. That happened when a first-year associate at a Manhattan law firm brought her complaint of sexual harassment to the managing partner, reports Rebecca Greenfield of Bloomberg News. The associate’s male boss, the source said, had told her to take off her clothing. After

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Wake Up Call: EU Hits Amazon With $294M Back-Tax Bill

• was hit with a $294 million back-tax bill to Luxembourg, as the world’s biggest online retailer becomes the latest U.S. giant to fall afoul of the EU’s state-aid rules. The European Commission also said it’s suing Ireland for foot-dragging on collecting the record 13 billion-euro bill the EU executive body last year ordered it to get from Apple

Deloitte's Canadian office stands in Ottawa, on Wednesday, August 10 2011.  Photographer: Brent Lewin/Bloomberg

Deloitte Confirms Its Email System Was Hacked

Deloitte, one of the world’s largest consultancies, confirmed on Tuesday that it suffered a data breach earlier this year, in which cyber criminals gained access to its system via email. “Only very few clients were impacted,” the giant firm, which advises corporate clients on how to secure data, said in a statement. The statement continued that

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SEC Says It Told U.S. Security Officials of Hack Months Ago

By Elizabeth Dexheimer and Ben Bain, Bloomberg News The U.S. Securities and Exchange Commission told government cybersecurity officials about a hack into its database of corporate filings soon after it happened last year, months before the agency’s new chairman made the breach public. Since disclosing the incident on Sept. 20, Jay Clayton has come under

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SEC Hack Threatens a Bedrock of U.S. Capitalism: Transparency

By Benjamin Bain, Annie Massa, and Robert Schmidt, Bloomberg News The U.S. Securities and Exchange Commission hails its database of company filings as an innovation that’s dramatically boosted corporate transparency. But a hack that led to the theft of market-moving secrets is the latest sign that technology also brings dangers the SEC is struggling to


Hackers May Have Profited From SEC Corporate Filing System Attack

By Benjamin Bain and Matt Robinson, Bloomberg News The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top U.S. financial regulator said hackers had breached its electronic database of market-moving corporate announcements, and may have profited from the information they stole. The hack of an aspect of the U.S. Securities

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Equifax May Be Happy to Spend $1 Per Customer for Their Trouble

By Edvard Pettersson, Bloomberg News Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because

Photographer: SeongJoon Cho (Bloomberg)

Equifax Asked by AGs to Stop Selling Monitoring Services

By Chris Dolmetsch, Bloomberg News Equifax Inc. should stop selling credit-monitoring on its web site and take advantage of confused customers who don’t know they can get the service for free, said a group of attorneys general investigating the company’s massive data breach. Connecticut Attorney General George Jepsen, who is helping lead the probe by

Former DHS Chief Jeh Johnson on Cyber Security

Paul, Weiss’s Jeh Johnson on Cybersecurity

Former U.S. Secretary of Homeland Security Jeh Johnson speaks at the Sooner Than You Think conference on the immediate measures the government and businesses must take to thwart sophisticated cyber attacks and protect our democratic process.   Check out Bloomberg Law’s Privacy and Data Security practice center. Subscribe to the Big Law Business podcast on iTunes. Want

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg

Equifax Breach Under Investigation by N.Y. Department of Financial Services

By Gerald B.Silverman, Bloomberg BNA The huge data breach at Equifax Inc. is being reviewed by the New York Department of Financial Services for possible violations of state law or regulations, a source familiar with the case, who requested anonymity because they weren’t authorized to speak officially about the investigation, told Bloomberg BNA. The NYDFS’s