As a litigator, when responding to any security incident, thoughtful consideration is given to the possibility that the security incident may wind up in litigation, and therefore, certain decisions are made in anticipation of that litigation. Without getting into the details of the legal doctrines of attorney-client privileges, work product doctrine, and in anticipation of … Continue Reading
The predictions set forth in Experian’s Seventh Annual Data Breach Industry Forecast make sense and are worth a read. We are starting to see these types of intrusions and scams, and our experience is that once these types of attacks work, they increase exponentially. Hackers continue to get more sophisticated and seem to always be … Continue Reading
Experian’s Data Breach Resolution group has released its Data Breach Industry Forecast 2019 Report, which provides predictions for data breaches in 2019, and outlines staggering statistics of data breaches that occurred in 2018. One statistic is that the “number of records compromised in the first half of the year had already surpassed the total number … Continue Reading
Federal legislation recently took effect that prohibits consumer reporting agencies from charging a fee to place or remove (lift) a security freeze on a consumer credit report in response to a consumer request. The “Economic Growth, Regulatory Relief, and Consumer Protection Act” (the Act) was passed on May 24, 2018. The Act includes important updates … Continue Reading
Just when I thought I had frozen all of my credit, and was doing everything I can to protect myself from identity theft and fraud, I find out today about another one from KrebsOnSecurity. I am pretty knowledgeable on the subject matter of credit freezes, and have been an advocate of placing a credit freeze on … Continue Reading
A new Harris Poll for the American Institute of CPAs (AICPA), which called 1,006 U.S. adults for the report, shows interesting statistics regarding American adults’ attitudes and fears about identity theft and financial loss as a result of cyber intrusions. The poll’s conclusion is that 48 percent of U.S. adults believe that identity theft will … Continue Reading
It is one thing to steal our identity as an adult, but children are defenseless against this type of fraud. According to Experian, it handles 25,000-30,000 cases of identity theft and fraud every year and a whopping 17 percent affected children and the estimate is that it will affect up to 25 percent of children … Continue Reading
On May 11, 2017, the Fourth Circuit Court of Appeals vacated a $12 million judgment against Experian Information Solutions, Inc. (“Experian”) in a class action against the credit reporting bureau alleging violations of the Fair Credit Reporting Act (“FCRA”). Relying on the standard set forth by the U.S. Supreme Court in Spokeo, Inc. v. Robins, … Continue Reading
On March 1, 2016, the Internal Revenue Service alerted the business community of an e-mail phishing scheme designed to convince employees to provide company-wide W-2 tax forms containing social security numbers and other personally identifiable information [view related post]. While the scam has taken different forms, the most prevalent approach is a purported internal e-mail … Continue Reading
I am fortunate to teach the Privacy Law class at Roger Williams University School of Law on Tuesday afternoons. Today, we discussed all of the laws relating to the financial services industry. OK, not the most exciting content, but it included the Fair and Accurate Credit Transaction Act (FACTA). Enacted in 2008, FACTA allows individuals … Continue Reading
