Unpacking New SEC Insider Trading Rules for 2023

Unpacking New SEC Insider Trading Rules for 2023

On December 14, 2022, the Securities and Exchange Commission (SEC) adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended  (the “Exchange Act”). Rule 10b5-1 provides an affirmative defense to insider trading liability for individuals...
What Businesses Need to Know About the Safeguards Rule

What Businesses Need to Know About the Safeguards Rule

When it was first established in 2003, the Federal Trade Commission’s (FTC) Standards for Safeguarding Customer Information — the Safeguards Rule — set out to ensure that covered entities maintained the security of customer information. As part of the larger 1999...
An Overview: NYS Data Security Breach Laws

An Overview: NYS Data Security Breach Laws

In 2019, the New York Legislature strengthened its commitment to keeping New Yorkers’ personal information safe and secure. That year, the Stop Hacks and Improve Electronic Data Security (SHIELD) Act became law. This new consumer privacy law was put in place to...
Security Breach Liabilities: What to Do When You Get Hacked?

Security Breach Liabilities: What to Do When You Get Hacked?

You have been hacked. Those are four words no business owner wants to hear. Whether hackers stole personal information from a server, an employee copied information from a drive, or customer information was inadvertently exposed on the internet, you need to know how...