Andrew P. Carroll

All articles by Andrew P. Carroll

 

Pennsylvania Federal Court Dismisses Law Firm’s Case Against Bank in Social Engineering Cyber Attack

The unfortunately reality of cyber theft is that it’s much like any other type of theft – even if the criminal is caught, it’s unlikely that the ill-gotten gains will ever be fully recovered. There are simply too many ways to hide their destination or make them disappear. This often means the victim will seek other avenues for recouping losses, including filing a civil action against entities or individuals who allegedly could have helped prevent the theft. In the case of O’Neill, Bragg & Staffin,  

SEC’s First Cybersecurity Enforcement Has Many Lessons

The Securities and Exchange Commission recently announced its first ever cyber-related enforcement action in a case that all companies should look at as a refresher on cybersecurity hygiene. In the Matter of Voya Financial Advisors, Inc. was brought against the publicly traded company that manages over $500 billion after a security breach through several of its brokers acting as independent contractors for the company. These brokers typically accessed Voya clients’ PII through a password protected web portal while using their own IT equipment and networks.…