What do businesses need to do to comply with privacy and data security laws? The first place to look is to relevant statutes. If you store or process the personal information of Massachusetts residents, then you will at least be subject to the Massachusetts Data Breach Notification Statute and related security regulations. These are important guides that require certain operational activities, such as maintaining a written information security program,… More
Category Archives: Settlement Agreement
Ignorance Is Not Bliss: Nonprofit Trustees Agree To Million Dollar Settlement With New York Attorney General For Lackadaisical Governance
In April 2015, the New York Attorney General entered into a $1.025 million settlement with the trustees of the Victor E. Perley Fund, a nonprofit that serves underprivileged children in New York City. A two-year probe revealed that the Fund’s chairman, along with a fellow trustee, had used its multi-million dollar portfolio as a private slush fund. The duo’s self-dealing and conflict-ridden, high risk investments would have been discovered had their fellow trustees exercised even a modicum of oversight.… More