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Critical infrastructure operators at the water treatment plant in Minot, North Dakota, were forced to resort to manual processes when its Supervisory Control and Data Acquisition (SCADA) system became inoperable as a result of a March 14, 2026, ransomware attack. The attackers are unidentified, but it comes in the wake of the war in Iran…

On June 30, 2025, Block, Inc.—an electronic financial services company that operates Cash App—entered into a proposed settlement with customers regarding unsolicited text messages from the company. The dispute stemmed from a marketing campaign that allowed Cash App users to refer their contacts to use the application.

Cash App allowed users to click an “Invite…

On March 1, 2018, the one year transition period within which banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (“Covered Entities”)  must have implemented a cybersecurity program ends. By March 1, the Covered Entities must be in compliance with the following requirements:

23 NYCRR…

The Consumer Financial Protection Bureau(CFPB) recently issued principles for the access and disclosure of sensitive data in the financial services industry. The CFPB referred to the guidelines as principles instead of regulations so fintech and other firms can innovate while protecting consumers’ information, and give consumers the ability to consent to the sharing of information…

Following in the footsteps of the State of New York, the Colorado Department of Regulatory Agencies has proposed amendments to the Colorado Securities Act to require investment advisers and broker-dealers to implement new cybersecurity requirements to ensure security of the information in their possession. As we have predicted before, this is probably just the beginning…