2014 Verizon Report Offers Advice for Combatting Nine Common Threats to Cybersecurity Sharon R. Klein | kleins@pepperlaw.com Jeffrey L. Vagle | vaglej@pepperlaw.com The 2014 Verizon Data Breach Investigations Report (DBIR) was released on April 22, providing the deep empirical analysis of cybersecurity incidents we’ve come to expect from this annual report. The primary messages of this year’s DBIR are the targeting of Web applications, continued weaknesses in payment systems, and nine categories of attack patterns that cover almost all recorded incidents. Further, despite...

Governor Cuomo opened the next round of funding opportunities across New York State for economic development projects. A total of $750 million is available for qualifying companies and organizations. Benefits range from capital grants, training grants, and green roof grants, to 10 years of State business income tax benefits for companies that are hiring and investing in New York. Deadline to submit is June 16, 2014. The New York Grant Company, a EACCNY member, has the highest success rate in New York...

An article in Crain's New York Business on Friday stated that Tishman Speyer and Related Cos. are each trying to lure Deutsche Bank to forthcoming developments in Hudson Yards on Manhattan's West Side. If the bank chooses to pursue a deal with either firm, CMBS investors should take note of three 2007 deals that would be affected by a move. Deutsche Bank is the majority tenant at 60 Wall Street in lower Manhattan. The 1.6 million square-foot property backs $540 million of CMBS debt spread across three...

According to a story on NorthJersey.com, the New Jersey Economic Development Authority accepted a grant to Sony Music to bring the company from Manhattan to Rutherford, New Jersey. Tucked away in the article is a note that if Sony takes the offer, it might also move its staff from a Lyndhurst, New Jersey location at the same time. Sony is currently the lead tenant at 210 Clay Avenue in Lyndhurst, where it occupies over 80% of the 121,203 square-foot office with a lease...

We are delighted that EACCNY member Mason Hayes & Curran has been selected as 'Irish Law Firm of the Year' at the Chambers Europe Awards for Excellence 2014. The Chambers Europe Awards recognise outstanding law firms and legal professionals.  Awards are based on detailed research and client and peer feedback carried out for the Chambers Europe 2014 guide. Commenting on the award Declan Black, Managing Partner of Mason Hayes & Curran, said, “We are very pleased to have won the top award for Ireland from...

Before offering severance to a departing employee, New York employers should be aware of recent changes to the New York unemployment insurance law.  These changes may affect both the timing and language of the severance agreement. In 2011, the federal government passed the Unemployment Insurance Integrity Act, which required every state to make certain changes to its unemployment insurance law.1  As a result, New York amended New York Labor Law § 581(e)(3) and 12 N.Y.C.R.R. § 472.12, effective October 1,...

Following the security breaches at Target and other major retailers, cybersecurity has emerged as one of the hottest topics of 2014. Companies have enjoyed enormous increases in productivity and profits as a result of Internet-related technologies. However, with many organizations now storing more sensitive data in the cloud and through networked computing, the potential impact of a security breach on the public as well as company shareholders has grown exponentially. So what is a corporate director to do? Since the Security...

The Dutch government is currently taking major steps towards the development of large offshore and onshore wind projects. For offshore wind, 3450 MW of power will be put out for tender during the period 2015-2019, divided across ten to twelve projects. The government is offering grants to the tune of € 18 billion. In addition, work is underway on establishing robust spatial legislation to ensure rapid clarity on the locations of the new projects. This legislative operation should mean that...