The High Cost of Data Breaches

The following data breach examples show that whether you are a small startup or a big company with a long and storied history, a data breach can be a legal and financial nightmare. There were over 2290 cyberattacks and data breaches in 2020 alone, with the number and severity of data breaches rising every year…. READ MORE

Top Data Breaches of 2020: Ransomware on The Rise

We periodically update this post with recent data breach statistics. Now that we’re into 2021, it’s time to look at the top security breaches, hacking statistics, and cybersecurity statistics of 2020, 2019, 2018, plus review 2017 and previous years. At Revision Legal, we know that cyber-attacks are a constant threat. The number of data breaches… READ MORE

Careful With Repurposing Data Collected During the Pandemic

As businesses begin to reopen and as we all continue to deal with the effects of the COVID-19 pandemic, businesses must be cautious with data that has been collected during this time. Many of the new privacy statutes require that consumers be given notice, at the point of collection, that personal information is being collected… READ MORE

The New York SHIELD Act in Effect: What Businesses Need to Know

In late March 2020, all provisions of the New York SHIELD Act went into effect. This is New York’s amended data privacy and cybersecurity law. “SHIELD” is an acronym for Stop Hacks and Improve Electronic Data Security. Like many similar statutes recently enacted, the SHIELD Act not only applies to New York businesses, but also… READ MORE

Data Security Now a Key Emphasis of Mergers and Acquisitions Due Diligence

With the looming costs of any sort of data breach, data loss, or exfiltration, cybersecurity has become a key focus of due diligence in recent mergers and acquisitions. Specific representations and warranties about data security are now routine in M&A Purchase Agreements. Only a few years ago, there were almost no provisions in a Purchase… READ MORE

Mobile Device Cybersecurity: SEC Offers New Guidance

  The Securities and Exchange Commission (“SEC”) has just issued a new comprehensive guidance on the methods that businesses and not-for-profit organizations should be using to guard against hacking, ransomware and other malicious and criminal attempts to exfiltrate company data and consumer information. See here. If your data and your computer systems are vulnerable, your… READ MORE

SIM Swap Scams Targeting Cryptocurrency Investors

SIM swap scams are nothing new, and are back in the news with high profile SIM swap attacks on Twitter’s CEO. Telecommunications providers such as Verizon, AT&T, T-Mobile, and Sprint have been aware for over ten years that unauthorized third parties regularly attempt to obtain access to customer subscriber accounts to gain control over a… READ MORE

Data Breach Litigation: Theories of Damages in Data Breach Cases

Data breach litigation is an emerging area of the law, and courts are regularly struggling with how to award damages in data breach cases because the harm caused by a data breach does not always fit neatly into traditional theories of damages. In this article, we look at the three major theories of damages applied… READ MORE

Can Your Business be Liable for an Employee’s Intentional Data Leak?

Many businesses are acutely aware of the dangers of a data leak that can result from the breaching of networks, computer hacks, malware, and computer espionage. These cyber threats are external threats, but businesses must also be increasingly wary of INTERNAL threats coming from vengeful and vindictive employees and ex-employees. A well-publicized lesson can be… READ MORE

7 Reasons to Read FTC’s 2017 Privacy & Data Security Update

The Federal Trade Commission (“FTC”) recently released its 2017 Annual Privacy and Data Security Update (click here; for the direct link to the Update, click here and then click on the PDF link provided). We see seven compelling reasons to read the 2017 FTC Update and to take data breaches seriously: 1. The Number of… READ MORE