Category: Internet Law

Gemini/IRA Financial Data Breach and Theft of Crypto

Gemini/IRA Financial Data Breach and Theft of Crypto

Internet Law

On February 8, 2022, IRA Financial was subject to a security breach that has resulted in the alleged loss of approximately $36 million in cryptocurrency assets. For many users, these assets constitute retirement savings that were invested with IRA Financial through the Gemini cryptocurrency exchange. IRA Financial has stated that it is monitoring the stolen […]

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New Cybersecurity Safeguard Rule Issued by FCC

New Cybersecurity Safeguard Rule Issued by FCC

Internet Law

The Federal Trade Commission (“FCC”) recently issued its final rule with respect to new cybersecurity protocols. See here. The Rule is called “Standards for Safeguarding Customer Information” and is applicable to financial and related institutions. The FCC’s amended Safeguard Rule is a very good and useful example of the current standards required by governmental agencies […]

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New York City Bans Bias in Use of Artificial Intelligence in Employment Decisions; What Does it Mean?

New York City Bans Bias in Use of Artificial Intelligence in Employment Decisions; What Does it Mean?

Internet Law

To streamline hiring, many employers have begun using artificial intelligence (“AI”) and machines learning programs to screen employment applicants. However, this has given rise to concerns of AI bias. Indeed, to combat this bias in the use of AI, New York City has just passed an ordinance banning bias in the use of AI and […]

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Data Privacy Violations: What Will be Your Company’s Extensive Remediation Requirements?

Data Privacy Violations: What Will be Your Company’s Extensive Remediation Requirements?

Internet Law

When a company violates data privacy laws, the company will face civil lawsuits from consumers and enforcement actions from state and federal government regulators. Civil money judgments can be massive as can penalties imposed by regulators. But remitting payment is never the final stage in resolving a privacy violation. Even with civil cases, there may […]

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Supplemental Measures that U.S. Businesses Can Take To Comply With GDPR

Supplemental Measures that U.S. Businesses Can Take To Comply With GDPR

Internet Law

In July 2020, the Court of Justice of the European Unition declared the Privacy Shield between the European Union (EU) and the U.S. be an inadequate means of privacy protection. This was done on the grounds that the surveillance programs of the U.S. Foreign Intelligence Surveillance Act (FISA) failed to properly safeguard personal data from […]

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Online Contest Laws

Online Contest Laws

Internet Law

Contests, sweepstakes, and lotteries have historically been subject to many federal and state laws. As social media and the internet use is at an all-time high, online promotions and giveaways allow businesses the opportunity to reach a much broader group of consumers and potential participants.  This article examines how traditional contest laws apply to online […]

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Data Security Protocols Continue to Evolve

Data Security Protocols Continue to Evolve

Internet Law

Despite more than two decades of efforts, computer and data storage breaches continue unabated. Washington State, for example, released annual statistics showing 280 data breaches in 2020 (including one breach that impacted more than a million customers) in Washington State alone. The report also detailed a large uptick in cyberattacks, and ransomware incidents. As a […]

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