If the Senate is looking for support regarding the political gridlock over data encryption, they are not going to get it from The White House. President Obama has declined to offer support for the draft legislation expected to be released in the upcoming weeks. The refusal to support the Senate in this endeavor suggests presidential… Read More Government Meddling in the Data Encryption Sphere
Introductory Look Into Compliance Today Organizations aspire to ensure compliance with relevant laws and regulations. One way they do this is by administering a strong and robust compliance program. These programs are generally led by a Chief Compliance Officer (“CCO”). The CCO is responsible to constantly look for ways to improve, review, structure and/or maintain… Read More Goldman Sached by the Securities Exchange Commission
The introduction of new technology into the financial services field has created a new type of industry called Financial Technology or “Fintech.” Fintech has drastically changed the way in which people are managing their finances and the industry is rapidly growing with time. In 2014, various venture capital firms invested approximately $12.2 billion in fintech… Read More Fintech Industry Faces Challenges Involving Anti-Money Laundering Regulations
T-Mobile and Experian announced that an unauthorized attacker accessed servers from September 1 until September 16 and stole information including customers names, dates of birth, addresses, and social security numbers. Unfortunately, it seems as though data breaches are occurring regularly these days and causing problems for both consumers and companies. In fact, according to Hewlett-Packard’s… Read More You’ve got a breach! The Cost of Doing Business in the Digital Age
By: John Brainard In passing the recent Spurring Private Aerospace Competitiveness and Entrepreneurship Act of 2015 (“U.S. SPACE Act”), Congress allows U.S. companies to boldly drill where no man has drilled before. On November 25, 2015, President Obama signed the U.S. SPACE Act into law after being adapted from a piece of similar legislation known… Read More “Star” Wars 2016: Analysis of Celestial Property Rights Under H.R. 2262, and the International Opposition to the U.S. SPACE Act
By: Jessica Rubery Over the last year or so banks and credit card, companies have changed debit and credit cards to cards with small computer chips. Some stores have even begun using pin pads that accept the new chip and pin technology. However, who is responsible when there is a data breach despite the… Read More Chip and Pin Technology: Is it required by Law to Prevent Fraud Liability?
By: Nebyu Retta Duty Free Americas (“DFA”) operates stores in the United States and International airports. Estee Lauder Companies, Inc. (“Estee Lauder”) is the largest manufacturer of beauty technology and products of duty-free retail outlets in the United States. The United States Court of Appeals of the Eleventh Circuit led by a three judge… Read More Estee Lauder Walks Away Duty Free
By: Devin Woolf On September 15, 2015 the Massachusetts Joint Committee on Financial Services heard four different proposed bills regarding Transportation Network Companies. The proposed bills all had one objective in mind, to regulate the commonly used ride-sharing services in Massachusetts such as Uber and Lyft. The proposed legislation seeks to protect passenger… Read More Proposed Legislation will Benefit Passengers of Ride-Sharing Services
By: Natasha Meserve Data breach is the new “it” crime of the modern age. According to CNBC, cybercrime costs the global economy almost $445 billion a year. As more and more businesses transition to online transactions, the need for cyber-insurance becomes more pressing. With businesses struggling to protect their customers’ private information, after seemingly endless… Read More Cyber-Insurance-The New Defense for Privacy
By: Linda Vo Most recently, the Federal Communications Commission (“FCC”) fined AT&T a record $100 million, the largest proposed fine in the agency’s history, “for allegedly deceiving millions of smartphone customers about unlimited wireless data plans.” Soon after signup, subscribers of unlimited data have found that they are unable to enjoy truly unlimited data… Read More Verizon’s $20 Surcharge for Grandfathered Unlimited Wireless Data
By: Alex Praschma As modern-day technology continues to evolve in our society, legal issues trail closely behind. To no surprise, this common phenomenon is no different when it comes to our culture’s fascination with mobile dating apps. If you have read recent news articles, you have probably heard of the app, Tinder, nicknamed the “dating… Read More Tinder: Kindling Romantic Flames or Putting Them Out?
By: Sam Syska Imagine you are a high-level executive with extremely sensitive and personally identifiable information stored on your desktop. You then have your desktop linked to your laptop, which is linked to your iPad and finally, your phone. Now assume that none of your devices are properly encrypted and a group of hackers are… Read More Cyber-Security is a Must to Protect American’s Electronic Privacy
By: Devin Woolf Have you ever attended a fantasy draft party? Cheered for a Patriot’s rival because one of their players was on the starting lineup of your fantasy team and would get you the win in your matchup for the week? If you can relate, you are among hundreds of thousands of other… Read More Fantasy Sport Teams Can Only Live in a Regulation-Free Fantasy World for So Long
By: Andrew Glenny Pharmaceutical patents are an important part generating innovation in the pharmaceutical technology. It costs a great deal of money and investments to develop a new drug. The Constitution allows Congress to allow inventors to have a monopoly on their inventions for a limited period of time. This provision of the Constitution… Read More Pharmaceuticals, What’s the Cost?
By: Rashi Mangalick Text messaging has far surpassed the amount of phone calls made in the United States for over seven years. New and innovative communication types have been emerging from the technology market and penetrating into other arenas for years, with many applications (“apps”) specifically devoted to messaging someone else at an instant rate.… Read More A Little Text Can Make a Big Difference
By: Philip Kachajian It is no understatement to suggest that phone-based taxi service apps such as Uber and Lyft have fundamentally altered what for so long had been an industry completely dominated by traditional taxi companies. As with so many other fields, the world of taxi’s, courtesy cars, hotel and airport shuttles, and limos, once… Read More Car Trouble: Taxi Service App “Lyft” Penalized for Forcing Users to Accept Unsolicited Ads
By: Shayla Aaron Paying for technology will soon make us obsolete, and by “us,” I mean lawyers. It is no secret that today’s generation is controlled by technology. Technology has dominated what we buy, how we view things, and most significantly, the way we interact with each other. Technology has done incredible things for our… Read More Paying For Technology That Will Soon Make Us Obsolete
By: Jaclyn Collier How does the Securities and Exchange Commission (“SEC”) go after a hacker for insider trading when the hacker is neither an insider nor a trader? Despite many scholarly articles opining on this very topic, the answer is still somewhat unclear. In August 2015, the SEC charged 32 individuals and corporate entities in… Read More Outsider Hacking, Insider Trading? The SEC Takes Another Stab at Hackers
By: Andrew Glenny The craft beer market has been rapidly expanding in the United States. Many new breweries have opened to meet the growing demands. As you may have already realized, most of them like to use puns involving the brewing process, such as hoptimus prime, smooth hoperator, pandora’s bock, and hoptical illusions. Unfortunately,… Read More Libations and Litigation
By: Madeline Lally After ridding itself of its “double tax loophole,” Ireland will now have to fight for its life to remain an attractive location for large technology companies specializing in intellectual property, such as Apple and Google. Ireland currently is home to what is called the “Double Irish Tax Loophole” whereby large corporations,… Read More Closing the Loophole