Last week, the Federal Financial Institutions Examination Council (FFIEC) issued a joint statement warning of an “increasing frequency and severity of cyber attacks involving extortion.” The statement warned that criminals have been extorting financial institutions using a variety of tactics, including denial of service attacks, theft of sensitive information, and use of “ransomware,” which is […]
Enforcement
European Commission Releases Communication on Schrems and Safe Harbor 2.0
On November 6, 2015, the European Commission released a widely-anticipated Communication assessing the impact of the judgment of the European Court of Justice (“ECJ”) in the Schrems case (C-362/14), which invalidated the U.S.-EU Safe Harbor framework. Though the Communication is not legally binding, it provides useful guidance to companies on transfers of personal data to the […]
Swire on Data Transfers After Schrems
Peter Swire, Alston & Bird Senior Counsel and Georgia Institute of Technology Scheller College of Business professor, has published an article on the path forward for E.U. / U.S. data transfers. Swire’s article offers a historical perspective on the European Court of Justice’s (ECJ) recent decision in Schrems. Schrems invalidated the Safe Harbor framework relied […]
Article 29 Working Party Calls for Political Action
In a concise statement, the Article 29 Working Party (WP29), a consortium of European Data Protection Authorities (DPAs), released a position paper today about the landmark ruling of the European Court of Justice in Maximilian Schrems v. Data Protection Commissioner (C-362-14). WP29 makes a political call on the EU Member States to finalize discussions with […]
Alston & Bird Publishes FAQs To Help Companies Sort Through Schrems Decision
Alston & Bird has published FAQs regarding the recent decision by the European Court of Justice holding that the U.S.-E.U. Safe Harbor Framework is invalid (also known as the Schrems decision). Please see our blog entry on the decision here. These FAQs are designed to help companies that rely on the Safe Harbor Framework to […]