The Massachusetts’ Consumer Privacy in Commercial Transactions Act (the “Act”) limits companies’ ability to request and collect personal identification information (“PII”) that is not required for a transaction. The Act does not mention ecommerce and predated online retail, but, like many privacy litigation trends, this privacy law is now being tested in the online context.
The 2024 Cost of a Data Breach Report, an annual study conducted by the Ponemon Institute and sponsored by IBM, reveals a significant rise in the global average cost of data breaches. The report shows that the average cost of a data breach reached $4.88 million in 2024, marking a 10% increase from the previous year. This is the largest annual jump since the pandemic, reflecting the growing disruption that data breaches are causing across various industries.
On August 5, the FDIC released an updated list of banks evaluated for compliance with the CRA in May, June, July and August. In May, the FDIC disclosed a list of evaluations of 56 banks, of which two were rated “outstanding,” 53 were rated “satisfactory,” and one was rated as “needs to improve.”
Welcome to your monthly rundown of all things cyber, privacy, and technology, where we highlight all the happenings you may have missed.
In Cacho v. USHealth Advisors, LLC, 2024 WL 3738869 (M.D. Fla. July 24, 2024), the Court denied Defendant’s motion to dismiss for insufficient service of process, lack of personal jurisdiction, and failure to state a claim.
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