Report: record number of data breaches in 2016
201701.31
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Report: record number of data breaches in 2016

[By: Meena Ansari] The number of data breaches and files stolen worldwide reached a record high in 2016, according to cyber security firm Risk Based Security Monday. Inga Goddijn, Risk Based Security’s vice president, stated that “while the number of data breaches actually remained relatively flat from last year, the big story coming out of…

FBI request for Twitter account data may have been legal overstep
201701.30
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FBI request for Twitter account data may have been legal overstep

[By: Mark Casper] Following Twitter’s release of two warrantless surveillance orders published on Friday, some legal experts have said the Federal Bureau of Investigation (FBI) may have overstepped current legal guidelines for acquiring certain internet data. The two orders released by the social media site, known as national security letters (NSLs), requested certain data that could…

New York Duo Sued Over $81M Ponzi Scheme Aimed at Broadway Shows, Concerts
201701.29
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New York Duo Sued Over $81M Ponzi Scheme Aimed at Broadway Shows, Concerts

[By: Ashley Cullins] The scheme involved claiming to resell tickets to popular events including ‘Hamilton’ shows and Adele concerts. Read Full SEC complaint here. Two New York men are facing a fraud lawsuit for allegedly running a Ponzi scheme that purported to be a ticket reselling venture for in-demand shows including Adele concerts and Broadway’s…

Sports Betting and the Supreme Court
201701.29
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Sports Betting and the Supreme Court

[By: Keith Miller] In a move that caught many people by surprise, on January 16 the United Supreme Court invited the Solicitor General to set forth the government’s view of the validity of a federal law that prohibits states other than Nevada from offering sports betting. Although the significance of the Court’s order won’t be…

Healthcare hacks for employers
201701.23
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Healthcare hacks for employers

[By: Alex Tolbert] Minimal essential coverage Providing a “minimal essential coverage” (MEC) plan option to employees is a fairly straightforward way to reduce healthcare spend. These plans, often called “skinny” plans, typically do not cover hospitalizations or other major medical expenses. MEC plans do not meet the minimum value standard required of employers by the…

Largest servicer of US student loans facing lawsuits
201701.21
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Largest servicer of US student loans facing lawsuits

[By Elizabeth Lowman] The Consumer Financial Protection Bureau is suing Navient, the largest servicer of US student loans. The CFPB alleged that Navient “fail[ed] borrowers at every stage of repayment” in a press release on Wednesday. CFPB went on to allege that Navient, among other harms, convinced many students to take out larger loans than…

Snapchat Snaps Back at Ex-Employee’s Lawsuit
201701.20
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Snapchat Snaps Back at Ex-Employee’s Lawsuit

Make no mistake: This late-breaking bid for a judicial, and public, forum to air his sensationalist allegations is all about publicity. [By Ashley Cullins] Snapchat says the ex-employee who’s suing the company for wrongful termination is only after publicity, according to a petition to compel arbitration filed Wednesday. Anthony Pompliano sued Snap, the app’s parent…