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Binance’s Paper Compliance Program Crumples Under OFAC Scrutiny in Largest OFAC Settlement in History
On November 21, 2023, the U.S. Office of Foreign Assets Control (OFAC) announced its largest settlement in history with the virtual currency exchange Binance. This almost-billion dollar settlement is a part of a larger comprehensive settlement with the Department of Justice, FinCEN, and the CFTC, totaling over $4 billion……By: Sheppard Mullin Richter & Hampton LLP
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State of play of the EU Cyber Resilience Act
Earlier this month, EU lawmakers met for the second trilogue meeting in the negotiations on the upcoming Cyber Resilience Act (“CRA”). The CRA aims to strengthen cybersecurity in Europe on an unprecedent scale – the European Commission refers to it as the “first ever EU-wide legislation of its kind”. With a political agreement expected soon,…
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“Cybersecurity Incident” at Fidelity National Financial Raises Data Breach Concerns
On November 17, 2023, Fidelity National Financial, Inc. filed a notice of data breach with the Securities and Exchange Commission after discovering that a “cybersecurity incident” impacted the company’s computer network. In this notice, FBF explains that “an unauthorized third party accessed certain FNF systems and acquired certain credentials.”…By: Console and Associates, P.C.
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Clear Spring Life and Annuity Company Announces Data Breach Following Ransomware Attack
On November 21, 2023, Clear Spring Life and Annuity Company (“Clear Spring”) filed a notice of data breach with the Attorney General of California after discovering a February 2023 ransomware attack. In this notice, Clear Spring explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their…
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Mission Community Hospital Notifies Patients of Recent Data Breach Involving Their Social Security Numbers
On November 21, 2023, Deanco Healthcare LLC dba Mission Community Hospital (“MCH”) filed a notice of data breach with the Attorney General of California after discovering that an unauthorized party accessed portions of the organization’s IT network. In this notice, MCH explains that the incident resulted in an unauthorized party being able to access consumers’…
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Recent Ransomware Against Delaware Life Insurance Company Results in Data Breach Affecting Consumers’ SSNs
On November 21, 2023, Delaware Life Insurance Company (“Delaware Life”) filed a notice of data breach with the Attorney General of Montana after experiencing a ransomware attack. In this notice, Delaware Life explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, addresses, dates of…
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Over 25k People Affected by Data Breach at Big Brothers Big Sisters of America
On November 21, 2023, Big Brothers Big Sisters of America (“BBBSA”) filed a notice of data breach with the Attorney General of Maine after discovering a recent network security incident impacting the organization’s computer network. In this notice, BBBSA explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information,…
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Hamas and Israel Extend Cease-Fire for 2 Days, Qatar Says
The extension, and another exchange of hostages and prisoners, raised hopes that more people would be set free and more humanitarian aid would reach people in the Gaza Strip.
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Female Rangers ‘Don’t Go All Alpha Like the Men’ to Protect a Forest
Rather than take a confrontational approach with trespassers looking to farm or log in a tropical rainforest in Indonesia, teams of women rangers try dialogue first.
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Storm Batters Southern Ukraine, Spreading Misery for Civilians and Soldiers
Violent waves stirred by hurricane-force winds threatened to tear maritime mines from their moorings in the Sea of Azov and the Black Sea.