The hacks keep coming. Equifax recently announced a massive hack exposing personal financial information of potentially 143 million Americans – 40% of the American population. The Equifax hack is one of the three worst data breaches in history only surpassed by the Yahoo! data breach involving more than one billion user accounts and the Sony cyber attack in 2014.
As the legal industry navigates an era of rapid change, it holds the promise of delivering a future of enhanced value, innovation, and possibilities for in-house counsel and their teams.
In this blog, we will explore those possibilities and discuss ways that innovation, alignment between in-house counsel and outside firms, substantive law in the digital world, and business perspective are creating best practices that complement client-centric legal service delivery.
The Outsourcing industry in the Philippines is the fastest growing sector in the country, and it continues to grow with an average annual expansion rate of 20%. Outsourcing is projected to become the country’s biggest source of foreign exchange income in 2017, and the World Bank estimates that the industry could top $50 billion in revenue by 2020.
Notwithstanding these impressive statistics and projections for future growth, the outsourcing industry faces an existential threat. Therefore, it is imperative that companies, which outsource to the Philippines, and companies with outsourcing operations in the Philippines take concrete steps now to mitigate cyber risks.
According to the National Conference of State Legislatures, nineteen states and the District of Columbia have passed legislation concerning self-driving vehicles.
As we discussed in a prior blog post, in September 2016, the New York Department of Financial Services (DFS) proposed the first statewide cybersecurity regulation of its kind. The proposed regulation mandated that insurance companies, banks, and other financial services institutions regulated by the DFS (Covered Entities) establish and maintain a cybersecurity program designed to protect consumers and ensure the safety and soundness of New York State’s financial services industry. The proposed regulation was scheduled to become effective on January 1, 2017.
It is that magical time of the year again. Time to reflect on the achievements of the year, contemplate the year ahead and enjoy a bit of well-earned downtime. It is also that time of year for the holiday office party. The one party of the year at which many otherwise reasonable and sober individuals often convince themselves before, during, or after that the rules do not apply.
Hackers love the holidays. When countless holiday promotions, season’s greetings, and travel messages piling up in your Inbox, it creates the perfect environment for hackers to attempt to steal your confidential information using phishing messages and websites.
Representative Ed Perlmutter (D-Colorado) recently introduced H.R. 6032, known as the Data Breach Insurance Act. The proposed legislation would provide a 15% tax credit to companies that purchase data breach insurance and implement cybersecurity measures.
Illinois laws controlling condos have changed dramatically. In some cases, condo boards may be following the requirements of outdated governing documents and may be unintentionally acting in ways that are contrary to the current laws.
Hickey Smith has worked closely with condominium associations and developed a simple and innovative process for conforming condominium declarations and bylaws to the current requirements. We know that condominium board members are extremely busy. As a result, we have highlighted the top changes in the condominium laws below, and if your condominium declarations or bylaws aren’t in line with these changes, we are ready to assist you to comply with the new laws at minimal time and expense.
New York State has proposed a new regulation that requires insurance companies, banks, and other financial services institutions regulated by the New York State Department of Financial Services (DFS) to establish and maintain a cybersecurity program designed to protect consumers and ensure the safety and soundness of New York State’s financial services industry. Governor Cuomo said “This regulation helps guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent cyber-attacks to the fullest extent possible.” Read More