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Ransomware attack on ICBC China’s biggest bank
China’s biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a Lockbit ransomware gang representative said on Monday in a statement which Reuters was unable to independently verify. ICBC, whose U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market…
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President Biden’s Executive Order Sets Ambitious Agenda for AI Development and Use
Our initial thoughts on the Biden Executive Order first appeared on WilmerHale’s Privacy and Cybersecurity Blog the day that the Executive Order was released. On October 30, 2023, the Biden Administration issued its highly anticipated Executive Order on the Safe, Secure, Trustworthy Development and Use of Artificial Intelligence (Order). The Order provides a broad vision…
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BIS Releases Rules to Revise and Expand Controls Relating to Semiconductors and Advanced Computing
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently released two rules to update export controls on advanced semiconductors, semiconductor development and production, and items that support supercomputing applications and end-uses….By: Jones Day
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Technology and Other Obligations for the CFPB’s Personal Data Financial Rights Rule, Part 3
In our continuing series on the proposed rule introduced by the Consumer Financial Protection Bureau (“CFPB”) regarding Personal Data Financial Rights, this week’s installment examines the obligations that are applicable to all entities subject to the rule. For an overview of the proposed rule, please see our first post, and to understand the entities that…
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Sutter Health Confirms Patient Data Leaked After Vendor Reports MOVEit Vulnerability Lead to Data Breach
On November 3, 2023, Sutter Health posted notice on its website describing a third-party data breach at Welltok, Inc., a Virgin Pulse company (“Virgin Pulse”). In this notice, Sutter Health explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names and protected health information….By: Console…
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Booking.com Confirms Phishing Attack, Raising Concerns Over Possible Data Breach
On November 12, 2023, reports emerged indicating that Booking.com has confirmed a recent phishing attack. Based on Booking.com’s statements, it appears as though hackers were able to steal consumers’ credit card information. Booking.com is still dealing with the ongoing impact of this incident, and the company’s investigation is ongoing….By: Console and Associates, P.C.
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Michigan Senate Votes to Repeal Pharmaceutical Immunity From Product Liability Suits
The Michigan Senate recently passed a bill to repeal a long-standing state law immunizing pharmaceutical manufacturers and sellers from product liability suits where the pharmaceutical products were approved by the U.S. Food and Drug Administration (“FDA”)….By: Jones Day
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International Association of Sheet Metal Air Rail Transportation Workers Confirms Recent Data Breach Affecting Member SSNs
On November 10, 2023, the International Association of Sheet Metal Air Rail Transportation Workers (“SMART”) filed a notice of data breach with the Attorney General of Maine after discovering that files stored on the company’s network were subject to unauthorized access. In this notice, SMART Union explains that the incident resulted in an unauthorized party…
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Republic Bank of Chicago Notifies Thousands of Recent Data Breach Affecting Their Financial Account Information
On November 10, 2023, Republic Bank of Chicago (“Republic Bank”) filed a notice of data breach with the Attorney General of Texas after discovering that sensitive information within the company’s control was subject to unauthorized access. In this notice, Republic Bank explains that the incident resulted in an unauthorized party being able to access consumers’…
