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The Government Has Spoken: Corporate Executives Should Invest in Strong Cybersecurity Now or Risk Personal Penalties Later

On October 24, 2022, the Federal Trade Commission (FTC) announced a proposed Order requiring Drizly, LLC, and its CEO to make significant cybersecurity improvements after a 2020 data breach allegedly exposed the personal information of about 2.5 million consumers. In the Matter of Drizly, LLC and James Cory Rellas, FTC…
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Not as Simple as It Seems: FinCEN’s New “Beneficial Ownership” Reporting Requirement

On September 29, 2022, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a rule newly requiring certain entities to disclose, among other things, identification information about all “beneficial owners.” And while this reporting requirement may be Standard Operating Procedure in other parts of the world, it is new to…
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Freeh Sporkin & Sullivan LLP Hires Former U.S. Attorney Jennifer Arbittier Williams

The law firm of Freeh Sporkin & Sullivan LLP (“FSS”) announced today that former U.S. Attorney Jennifer Arbittier Williams will join the firm as Partner, effective September 6, 2022. Williams Brings Significant Experience in National and Cyber Security, Crisis Management and Litigation to Firm. “She brings great leadership experiences in…
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