new york

Subscribe to new york via RSS

Last week, Governor of New York, Andrew Cuomo, announced the launch of a new State Police Unmanned Aerial System (UAS) program, which will be used for law enforcement missions, including, but not limited to, disaster response, traffic safety and crime scene investigation. To start, the program will launch four state police drones—Troop A, which will…

In a ten page letter that previews the Financial Industry Regulatory Authority’s (FINRA) priorities for 2018, initial coin offerings (ICOs) and transactions involving cryptocurrencies. This follows previous warnings by both the Securities and Exchange Commission (SEC) and FINRA about the risks associated with investing in ICOs and virtual currencies, including Bitcoin. SEC Chairman Jay Clayton…

Hilton Domestic Operating Co., Inc. (Hilton) has agreed to pay the New York and Vermont Attorneys General $700,000 to settle allegations that they violated those state consumer protection and data breach notification laws when it failed to implement reasonable security measures to protect consumer data and for waiting nine months to notify consumers of a…

In its first lawsuit targeting Initial Coin Offerings (ICOs), the Securities and Exchange Commission (SEC) has filed fraud charges against the creator of the ICOs marketed as “REcoin” and “DRC.” The action, filed in the United States District Court for the Eastern District of New York on September 29, 2017, alleges that Maksim Zaslavskiy, operating through two wholly owned companies, raised over $300,000 from investors based on false claims the digital “tokens” or “coins” being marketed were backed by investments in either real estate or diamonds. According to the SEC’s Complaint, not only were funds raised by the ICO not invested in any assets, the digital tokens did not actually exist. Despite representations by Zaslavskiy, no digital tokens and actually been developed or issued on a blockchain, leaving investors with no value in exchange for their payments.
Continue Reading SEC Brings Fraud Action Against ICO Creator

I haven’t been in the dating scene for decades but I know it sure has changed. Millions of people participate in online dating, and I even know several couples who have found their significant other using online dating platforms. That’s the good news. The bad news is that the Internet is used for bad intentions,…

CoPilot Provider Support Services, Inc. (CoPilot), which provides health care companies with billing and insurance support services, has settled allegations by the New York Attorney General of failing to notify individuals of a data breach in a reasonable time for $130,000.

CoPilot began investigating an unauthorized access to, and downloading of its reimbursement records through…

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…

On March 23, 2017, New York State Attorney General Eric T. Schneiderman announced settlements with three mobile health application (app) development companies aimed at curbing deceptive marketing practices and inadequate privacy disclosures to consumers. The settlements – reached with Cardiio, Inc., Matis Ltd., and Runtastic GmbH, respectively – target health measurement apps that “purport to measure vital signs or other indicators of health using only a smartphone’s camera and sensors, without any need for an external device.”

The Office of Attorney General (OAG) expressed concern that growing consumer reliance on health-related apps “can be harmful” if the apps provide inaccurate or misleading results because they could cause consumers to potentially forgo necessary medical treatment, or conversely incur unnecessary treatment, in reliance on false assurances of health provided by such apps. In the settlements the OAG highlighted apparent issues it had identified with each of the developers’ apps, including:
Continue Reading NY AG Announces Settlements with Three Mobile-Health App Developers Over Privacy, Marketing Concerns

Cybersecurity specialists at BAE Systems and Symantec announced last week new evidence suggesting that the criminals behind the notorious 2014 attack on Sony Corp. are also responsible for recent cyber-attacks involving 104 organizations in 31 countries. Researchers and investigators have long attributed the 2014 Sony attack, which crippled computer systems and revealed internal emails, to the North Korea-linked group known as “Lazarus.” Malware recently discovered running on the computers of a Polish bank suggest that the Lazarus group is now targeting global financial institutions using a sophisticated “watering hole” technique.
Continue Reading Sony Cyber-Attackers Lurking at Financial Supervisor “Watering Hole” Target Banks and Others

New York Governor Andrew Cuomo announced a series of cybersecurity proposals that are designed to protect consumers and government entities from cybercrime and identity theft. One of the proposals includes the creation of a Cyber Incident Response Team that would support state and local government bodies, critical infrastructure and schools. It will be led by…