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Results: 1-10 of 14

District of Maine certifies question of what constitutes “cognizable injury” from data breach to Supreme Judicial Court of Maine

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 11 2009

Last month, the United States District Court for the District of Maine certified a question of law to the Supreme Judicial Court of Maine regarding the issue of what constitutes cognizable injury to a consumer in a case stemming from the alleged theft of credit card data, a question of great signficance in the relatively new field of data security law

PCI compliance survey finds companies need improvement

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 2 2009

The Ponemon Institute recently published a survey on Payment Card Industry Data Security Standards ("PCI DSS") compliance

Can Lifelock still legally provide identity theft protection services?

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 4 2009

On May 18th, 2009, a federal district court judge ruled that LifeLock's fraud monitoring practices violate California law

The Financial Services Authority (FSA) has identified weaknesses in the attitude of firms to data security and threatens sanctions

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • May 2 2008

The FSA's financial crime and intelligence sector has carried out a review of data security systems and controls in place in 39 UK companies operating across all of the different financial services sectors

Financial Services Authority punishes failure to protect confidential customer information with hefty fines

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • July 27 2009

On 22 July 2009 three HSBC companies: HSBC Life UK Ltd; HSBC Actuaries and Consultants Ltd; and HSBC Insurance Brokers Ltd, were fined £1.6m, £875,000, and £700,000 respectively by the UK Financial Services Authority (FSA

Federal agencies release final model privacy notice for financial institutions

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 25 2009

On November 17, eight federal regulatory agencies (the Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Federal Trade Commission ("FTC"), National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and Securities and Exchange Commission) released a final model privacy notice they jointly developed, in an effort to make it easier for consumers to understand how financial institutions collect and share information about them

FTC delays enforcement of Red Flags Rule yet again

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 2 2010

On November 7, 2007 the Federal Trade Commission, the federal bank regulatory agencies, and the National Credit Union Administration published a notice that finalized the Red Flags Rule ("Rule"), 16 C.F.R. Part 681.2, pursuant to authority created by the Fair and Accurate Credit Transactions Act of 2003

Washington new credit card data breach liability law

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 7 2010

Washington Governor Christine Gregoire recently signed HB 1149 into law

The FTC’s Red Flags Rule on identity theft protection will be effective December 31, 2010

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 4 2010

The FTC "Red Flags Rule" mandating identity theft protection programs for financial institutions and a broad range of other companies will go into effect December 31, 2010

Heartland Payment Systems to settle Visa-related claims for $60 million

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 21 2010

The fallout continues following the large-scale compromise of financial account information at Heartland Payment Systems