Attorney Jacob Tewes recently authored an article entitled, “Death, Taxes & Data Breaches” for the May/June 2018 issue of Nebraska Banker, the official publication of the Nebraska Bankers Association. The article is featured in the Counselor’s Corner section of the publication, which focuses on providing guidance on relevant legal issues.
In 2017, the Federal Trade Commission (FTC) issued its final complaint against TaxSlayer LLC, alleging it had violated the Gramm-Leach-Bliley Act (GLBA) privacy and safeguards rules, which require financial institutions to explain their information-sharing practices to their customers and protect their sensitive data. TaxSlayer’s data breach and subsequent enforcement action have important implications for organizations across the financial sector. In this article, Tewes discusses the facts and the fallout from TaxSlayer’s data breach, and identifies several security lessons that financial companies should implement to mitigate their security risk and reduce their vulnerability.
The article is reprinted with permission of Nebraska Banker magazine. Mr. Tewes is a member of Kutak Rock’s Data Security and Privacy Group, where he focuses on privacy, data security, and emerging technologies.
Death, Taxes & Data Breaches” for the May/June 2018 issue of Nebraska Banker